October 23, 2019
As per the recent study titled ‘Global Gas Meters Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023’ available with Market Study Report LLC, the worldwide gas meters market is projected to grow substantially by the year 2023.
Gas meters, as the name suggests, are device which are used to measure and record the quantity of gases. The main benefit of these equipment is that the reading is not affected by the pressure or quality of gas. Different gas meters can be employed depending on type of gas, volumetric flowrate, and range of flows. Rising concern regarding the wastage of fuels and gases during transmission is the main factor fueling the adoption of gas meters across various industries.
Rapid industrialization coupled with increasing use of natural gas across emerging nations such as India and china is propelling the growth of gas meters market. Other factors aiding the market growth are rising focus of product manufacturers towards providing advanced technologies and government initiatives to encourage the households and industries to install the device.
The report offers details regarding the sales proportion, revenue shares, product profiles, and margin trends for each manufacturer. Information pertaining to market trends, risks, opportunities, and drivers impacting the industry growth, alongside the sales channels and value chain analysis is given.
In terms of type, gas meters market is categorized as turbine gas meter, rotary gas meter, ultrasonic gas meter, and diaphragm gas meter. While, based on application spectrum, the market is segmented as residential, industrial, and commercial.
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Considering the geographical landscape, the global gas meters market is fragmented into five main geographies; South America consists of Argentina, Brazil, and Colombia; Germany, Italy, France, Russia, and UK fall under Europe; North America comprises of Mexico, Canada, and United States; Japan, India, China, Korea, and Southeast Asia come under Asia Pacific; and Saudi Arabia, Egypt, South Africa, UAE, and Nigeria form Middle East & Africa.
The key players of gas meters market profiled in the study are DIEHL Metering, ABB, Aclara, Actaris, Schneider Electric, Emerson Electric, GE, LAO Industria, Elster, Wyatt Engineering, IMAC Systems, and Zenner.
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