January 07, 2021
According to the research report titled ‘Global Smart Gas Meter Market Analysis, 2020’ available with Market Study Report LLC, global smart gas meter market is estimated to grow with a CAGR of 6% during the period of 2020-2025.
Industry experts claim that increasing deployment of the product across the globe, predominantly in Europe, is augmenting the expansion of global smart gas meter market.
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Citing an instance, the GrDF (Gaz réseau Distribution France) is planning on installing more than 11 million smart meters in households across France by the year 2023. The initiative will be powered by Oracle MDM (Meter Data Management), which in turn is expected to bolster the overall industry growth in the subsequent years.
Introduction of innovative products, technological advancements in the business sphere, and strategic alliances by key partakers are further stimulating global smart gas meter market outlook.
The business intelligence report on global smart gas market offers critical information regarding the various growth stimulants, limitations, challenges, and other expansion trends prevailing in this business sphere. It also incorporates a comparative analysis of the historic records and the current industry trends to derive the growth rate of this business vertical over the period of 2020-2025.
With that being said, the study also elaborates on the various market segments such as technology, end-user terrain, and regional outlook.
Based on technology landscape, global smart gas meter market is split into AMI (advanced metering infrastructure) AMR (automated meter reading), and standard (non-AMR/AMI) meters. Among these, the automated meter reading segment accounted for the highest market share in 2019.
However, the advanced metering infrastructure segment is expected to grow significantly through 2025, owing to its ability to provide two-way communication between utility and meter.
The end-user terrain of the market is bifurcated into residential, industrial, commercial, and municipal. As per the report, the residential segment is anticipated to amass substantial gains during the analysis timeframe, on account of escalating product demand across residential establishments.
From a regional frame of reference, global smart gas meter market is fragmented into Asia-Pacific, Middle East & Africa, Europe, South America, and North America. The report states that Europe is predicted to emerge as a lucrative growth avenue for the overall market, primarily due to increasing product deployment in Luxembourg, France, and Italy.
Leading organizations that influence the global smart gas meter industry trends include Aichi Tokei Denki Co. Ltd., Yazaki Corporation, Flonidan AS, Meter Italia S.p.A., AEM, Landis+Gyr, Pietro Fiorentini USA Inc., Elster Group, and Itron Inc.