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Apr 27, 2017 10:20 AM ET

-Smart Gas Market to Reach $21.75 Billion by 2022 – Adoption of Sophisticated Technologies & Integrated Wireless Communication Features in Smart Gas Solutions are Reducing Field Visits

iCrowdNewswire - Apr 27, 2017

M2 PRESSWIRE-April 27, 2017-Smart Gas Market to Reach $21.75 Billion by 2022 – Adoption of Sophisticated Technologies & Integrated Wireless Communication Features in Smart Gas Solutions are Reducing Field Visits
(C)1994-2017 M2 COMMUNICATIONS

RDATE:27042017

Dublin – Research and Markets has announced the addition of the “Smart Gas Market – Global Forecast to 2022” report to their offering.

The smart gas market size is expected to grow from USD 11.25 billion in 2017 to USD 21.75 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.1% during the period of 2017-2022.

The major drivers for upsurge in demand for the smart gas market include the growing demand for customer-centric approach and increasing global energy demand leading to adoption of sophisticated technologies and integrated wireless communication features in smart gas solutions reducing field visits. The limiting factors hindering the growth of the smart gas market include the lack of strong business case for the deployment of smart gas meters limiting the investment and the high Capital Expenditure (CAPEX) on the smart gas infrastructure.

Meter data analytics solution unlocks smart meter data from both Automatic Meter Reading (AMR) and Advanced Metering Infrastructure (AMI) sources, turning them into actionable information for gas utilities. It enables the company staff to track performance and analyze trends using the information from the core gas utility applications. It helps improve customer service quality and cut costs by using Interactive Voice Response (IVR) systems, steering customers to self-service websites and varying billing cycles, so that call volumes are relatively leveled l throughout the month. It also reduces gas loss, resulting from pipe leaks and breaks by analyzing sensor data in near real-time to detect unusual flow rates and automatically notify dispatchers & field technicians about likely emergencies.

Companies Mentioned

– ABB Group
– Aclara Technologies LLC
– Badger Meter, Inc.
– Cap Gemini SA
– CGI Group Inc.
– Diehl Stiftung & Co. KG
– Elster Group SE
– General Electric Company
– International Business Machines Corporation
– Itron, Inc.
– Landis Gyr Inc.
– Oracle Corporation
– Schneider Electric SE
– Sensus USA Inc.
– Silver Spring Networks, Inc.
– Verizon Communications, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Smart Gas Market Analysis, By Type

7 Geographic Analysis

8 Competitive Landscape

9 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/vw8bwm/smart_gas_market

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Gas (http://www.researchandmarkets.com/categories.asp?cat_id=44&campaign_id=vw8bwm)


((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.m2.com on the world wide web. Inquiries to info@m2.com)).

Via iCrowdNewswire
Tags: , Wire, M2 Presswire
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