Energia
Smart Gas Meters Report, Size 2021-2027 by Top Countries Data, Industry Analysis by Regions, globally; Asia-Pacific to lead the growth
Global market for smart meter is expected to witness healthy growth, on account of rising demand for natural gas, surging capital expenditure on gas infrastructure, increased focus on development of sufficient and efficient gas distribution networks, and technological advancements. Demand for the smart gas meter is expected to improve significantly in the future, driven by the strong capital investment in gas infrastructure to meet the growing production and supply of natural gas globally.
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Covid-19 pandemic have impacted all section of the society and industry and Smart Gas Meter market is no exception. The global demand for smart gas meter decreased in 2020 and is expected to witness the trend in the FY2021. Covid-19 pandemic has resulted in slow growth of the energy and power sector in most of the economies globally, as many countries are resorting to nationwide lockdowns to prevent a spread of the virus.
Global Smart Gas Meter Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
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Advanced Metering Infrastructure (AMI) segment dominated the Global Smart Gas Meter Market in in 2020.
Amongst type, the Smart Diaphragm Gas Meter dominated the market in 2020. Demand for Smart Diaphragm Gas Meter is expected to increase to cater to the increasing demand for gas among residential and commercial sector.
Increasing demand for precise gas meter is expected to drive the market for hardware segment. For instance, in 2017, Diehl Metering partnered with NEC Europe to integrate metering systems in its Smart City Platform (CCOC). Hardware component accounted for more than 70% share in 2020.
Currently residential segment dominates the market and is expected to maintain its dominance during the analyzed period. In the Netherlands , the government has announced its plans to deploy smart metering solutions and replace more than 7.5 million electric meters and 7 million gas meters throughout the country by the end of 2017.
Based on the estimation, North America dominated the market in 2020, and is expected to maintain its dominance during the forecast period. Several countries have endorsed legislation mandating adoption of smart metering solution as part of broader clean energy initiatives and Europe is one of the major regions which is driving the demand for smart metering solutions including smart gas meter.
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The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Smart Gas Meter Market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
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