Smart Gas Meter Market size to reach $14 Bn By 2028

Smart Gas Meter Market size is slated to cross USD 14 billion by 2028, as reported in the latest study by Global Market Insights Inc.
 

The increasing clean energy demand in line with a growing inclination toward effective real-time monitoring and control of consumption patterns will boost the smart gas meter industry growth. The ongoing development of smart metering modules along with a paradigm shift toward advanced pipeline distribution networks will further improve market statistics.
 

Regulatory norms and authority for developing advanced NG pipeline networks in smart cities

Stringent government norms, mandates, and regulatory policies to deploy advanced metering units across the existing gas pipeline network will drive utility-based smart gas meters demand. Rapid urbanization and industrialization coupled with increasing sustainable energy demand will fuel the market revenue. According to BP statistics, in 2020, the total natural gas consumption reached over 3,800 billion cubic meters. Moreover, ongoing public investments and financial aid by regional & domestic governments to construct an advanced natural gas distribution network will thrust the overall industry dynamics.
 

Increasing investments in integrating intelligent metering systems with wireless RF and GSM communication solutions

The AMI smart gas meter industry is estimated to exceed an annual installation of around 10 million in 2020 and is projected to witness nearly 24% gains till 2028. The ability to provide high reliability, long battery life, precise metering data collection, and optimized design will positively influence the market demand. Additionally, IoT-based applications and secure payment methods, consumer apps, robust & command control systems will complement the product demand.
 

Browse key industry insights spread across 230 pages with 315 market data tables & 23 figures & charts from the report, “Smart Gas Meter Market Size By Application (Residential, Commercial, Utility), By Technology (AMR, AMI), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-gas-metering-systems-market
 

Increasing natural gas demand in the industrial sector

The North America smart gas meter market size will register prominent growth on account of aging pipeline infrastructures combined with the replacement & refurbishment of existing metering connections. Efficient planning and management strategies and growing natural gas pipeline networks with minimum operational spending & flexible urban gas infrastructure will further augment the market growth. The increasing natural gas demand coupled with rising total pipeline networks will accelerate the industry statistics.
 

Initiatives by major regional utilities for efficient planning and monitoring of gas supply

The outbreak of COVID-19 impacted the overall smart gas meter market owing to delays in the installation of metering units in 2020. However, stringent government initiatives to deploy advanced meters along with advancements in pipeline distribution networks will strengthen the industry scenario.
 

Strategic collaborations and acquisitions with joint ventures and partnerships among major participants

Strategic implications including agreements, partnerships, mergers & acquisitions among prominent players to reinforce their industry presence will sway the business spectrum. Prominent companies operating in the smart gas meter market include Honeywell International, Inc., Itron, Inc., Osaki Electric Co., Ltd., Landis+Gyr, Aclara Technologies LLC, Sensus, Schneider Electric SE, Raychem RPG Private Limited, Apator SA, Neptune Technology Group, Inc., Zenner International GmbH & Co., Chint Group, Wasion Group, AEM, and Azbil Kimmon Co., Ltd.