Smart Gas Metering Systems Market to hit 110 million units annual installation by 2024
Published Date: March 12, 2018 Authors: Ankit Gupta, Aditya Singh Bais
Smart Gas Metering Systems Market will exceed an annual installation of 110 million units by 2024, as reported in the latest study by Global Market Insights, Inc.
Stringent government mandates to effectively track energy consumption along with increasing focus toward establishment of smart grid infrastructure will fuel the market growth. Enhanced efforts to effectively track energy usage coupled with refurbishment of faulty distribution networks will further enhance the industry outlook.
Growing measures to mitigate the ever-rising energy needs coupled with the need to monitor accurate billing will stimulate the smart gas metering systems market demand. Rapid development of gas pipelines networks along with efforts to reduce energy theft will further boost the business landscape.
Government legislations and rollout programs for the deployment of intelligent systems will boost the market share. Adoption of these systems to ascertain energy security coupled with conservation measures to detect unusual flow rates will further propel the business landscape.
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For Europe, the UK market is predicted to witness gains at over 12% from 2017 to 2024. Evolution of regulatory frameworks in the EU countries along with the liberalization of energy markets will further embellish the market landscape. The Government of UK in March 2011 has set out the Smart Metering Implementation Programme that expects the rollout strategy and policy design for smart meters be completed by 2020.
Browse key industry insights spread across 241 pages with 336 market data tables & 17 figures & charts from the report, “Smart Gas Metering Systems Market Size By Application (Residential, Commercial, Utility), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Sweden, Italy, Portugal, Netherlands, Luxembourg, Japan, China, South Korea, India, Australia, UAE, Saudi Arabia, South Africa, Lebanon, Egypt, Mexico, Brazil, Uruguay, Argentina), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Japan smart gas metering systems industry size will expand at over 37% till 2024. Rising energy prices and subsequent growing consumer interest toward billing accuracy will substantially favor the regional market outlook. Active regulatory regimes and mandated nationwide rollout will further ease the deployment of intelligent metering solutions across the industry.
AMI smart gas metering systems market is set to witness robust growth on account of its capability to extract reliable energy information and pricing from the utility to the end consumer. Increasing focus for efficient energy optimization will further stimulate the product outlook.
Commercial applications are anticipated to grow at high CAGR in the coming years owing to its increasing adaptability and reasonable pricing. Efficient expansion of gas networks to cater the growing population base will boost the product penetration.
Eminent players operating in the industry consist of Itron, Badger Meter, Landis+GYR, Siemens, Sensus Sentec, Schneider Electric, Osaki Electric, Neptune, Honeywell International and Raychem.