Smart Gas Market

rise in the amount of economic and monitoring support and have a modern display from the several events & conferences is anticipated to boost the market growth.

PORTLAND, PORTLAND, OR, UNITED STATE, October 12, 2022 / / -- Allied Market Research published a new report, titled, ' to Grow at a CAGR of 16.2% to Reach USD 41.65 billion by 2026 .' The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Download Sample Report (Get Full Insights in PDF - 211 Pages) at:

Development of communication network infrastructure, advancements in the field of advanced metering infrastructure, and several government initiatives drive the growth of the global smart gas meter market. On the other hand, high installation and maintenance cost of smart gas meters impedes the growth to some extent. However, emergence of smart city project in emerging countries is expected to create lucrative opportunities in the industry.

Based on end use, the residential segment accounted for nearly half of the global smart gas meter market revenue in 2019 and is anticipated to rule the roost from 2020 to 2027. The same segment would also manifest the fastest CAGR of 7.5% during the forecast period. Rapid industrial development and surge in demand for advance gas meter from residential sectors fuel the growth of the segment.

Based on component, the hardware segment contributed to nearly three-fourths of the global smart gas meter market share in 2019 and is expected to rule the roost by the end of 2027. The same segment is also projected to register the fastest CAGR 7.2% throughout the forecast period. This is due to rise in need to enhance the efficiency of the big data analytics tools.

For Report Customization:

Based on geography, North America held the major share in 2019, generating more than two-fifths of the global smart gas meter market. High demand for powerful smart gas meters with edge intelligence capabilities coupled with advanced data analytics drive the growth of the market in the province. Europe, on the other hand, would portray the fastest CAGR of 7.8% by 2027. Shifting toward the renewables to achieve long-term green energy target has increased smart gas meter installations across the continent.

Some of the key smart gas industry players profiled in the report include ABB, Capgemini, Diehl Stiftung & Co. KG, General Electric, Itron Inc., Landis+Gyr, Oracle, Schneider Electric, Sensus, a Xylem brand, Verizon.

For Purchase Enquiry:

Covid-19 Scenario-

• Halted production, in the first phase of the lockdown, affected the smart meter manufacturing units across the globe, which impacted the global market for smart gas meter negatively.

• The lockdown measures also led to a sharp decline in demand for industrial, commercial, and residential use of smart gas meters.

• However, manufacturing and supply of smart gas meter is now returning to normalcy and the market is expected to get back to its position soon.

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Other Trending Report:

1.

About Us:

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+ +1 503-894-6022

Visit us on social media:

MENAFN12102022003118003196ID1105010545