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Smart Gas Meters market is giving the major share of 6.72% in 2018 and projected to grow at compound annual growth rate (CAGR) of more than over 7% during forecast period 2019-2023.
“Global “Smart Gas Meters Market” gives in-depth analysis of the parent market with important changes in market dynamics, analyse segmentation details of the market as former, on-going, and projected market in terms of volume and value. Smart Gas Meters market report specifies detailed competitive outlook including the market share and company profiles of the key participants operating in the global market.
About this market
In 2019, the AMR segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as technological advancements will play a significant role in the AMR segment to maintain its market position. Also, our global smart gas meters market report looks at factors such a rise in global demand for natural gas, and benefits of smart gas meters. However, high capital and operational costs, infrastructural and standardization challenges, and lack of awareness may hamper the growth of the smart gas meters industry over the forecast period.
Smart Gas Meters market report highlights the economy, past and emerging trend of industry, and availability of basic resources. furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out in the end, the report makes some important proposals for a new project of Smart Gas Meters market before evaluating its possibility.
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The market appears to be split and with the presence of several companies. Factors such as the increasing availability of multifunctional Smart Gas Meters with rising and increased demand
Dynamics of Smart Gas Meters MarketMarket Driver: benefits of smart gas metersMarket Trend: development of PAYG metersMarket Challenge: lack of awarenessBenefits of smart gas meters Smart gas meters are the next generation meters for measuring gas consumption. It uses a secure communication network using radio frequency to send the gas usage wirelessly and automatically to the gas supplier. Some of the other benefits of smart gas meters are high billing accuracy along with greater analysis of gas usage and higher safety. Smart gas meters prevent gas leaks and fires by detecting defective appliances, carbon monoxide leaks, gas leaks, and faulty wiring, which make the smart gas meter installation a safety measure. Such benefits will lead to the expansion of the global smart gas meters market at a CAGR of over 7% during the forecast period.Development of PAYG meters Growing technologies and the rise in the consumption of gas across the world have led to many inventions in the gas sector. One such innovation is PAYG meters, also known as prepayment meters or credit meters, which allow the users to pay for gas before using the gas, just like prepaid mobile phones. The payment can be made via a token or a smartcard. PAYG gas meters enable customers to monitor gas usage and expenses. The installation of such prepaid gas meters at households will assure access to high-quality gas, and with the PAYG system, gas suppliers will be assured of payment through convenient mobile money services, thus serving as an incentive to expand gas infrastructure and network. This development is expected to have a positive impact on the overall market growth.
Regions of Smart Gas Meters market
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PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT •2.1 Preface •2.2 Preface •2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE •Market ecosystem •Market characteristics •Market segmentation analysis PART 04: MARKET SIZING •Market definition •Market sizing 2018 •Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS •Bargaining power of buyers •Bargaining power of suppliers •Threat of new entrants •Threat of substitutes •Threat of rivalry •Market condition PART 06: MARKET SEGMENTATION BY TECHNOLOGY •Market segmentation by technology •Comparison by technology •AMR – Market size and forecast 2018-2023 •AMI – Market size and forecast 2018-2023 •Market opportunity by technology PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE •Geographic segmentation •Geographic comparison •Europe – Market size and forecast 2018-2023 •North America – Market size and forecast 2018-2023 •APAC – Market size and forecast 2018-2023 •ROW – Market size and forecast 2018-2023 •Key leading countries •Market opportunity PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES •Market drivers •Market challenges PART 11: MARKET TRENDS •Development of PAYG meters •Development of smart cities •Growing investment in gas distribution network PART 12: VENDOR LANDSCAPE •Overview •Landscape disruption •Competitive scenario PART 13: VENDOR ANALYSIS •Vendors covered •Vendor classification •Market positioning of vendors •Aichi Tokei Denki Co. Ltd. •Apator SA •Diehl Stiftung and Co. KG •Honeywell International Inc. •Itron Inc. •Landis+Gyr AG •Wasion Holdings Ltd. •Xylem Inc. •Yazaki Corp. •ZENNER International GmbH and Co. KG PART 14: APPENDIX •Research methodology •List of abbreviations •Definition of market positioning of vendors PART 15: EXPLORE TECHNAVIO
No. of Pages: – 141
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