Smart gas meter is referred to as the advanced meter that can send readings digitally to the gas supplier for accurate billings. Global smart meter market is influenced by government initiative for smart solutions in gas supply. In addition, increasing demand for the smart gas meter in place of conventional meters further supports the growth of the market. Moreover, providing theft and safeguard utility coupled with accurate billing and enhanced customer service is propelling the growth of the market. However, concerns related to the cybersecurity and health issues are the factors that are hindering the global smart gas meter market growth.
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Among application, the residential segment held a considerable share in the market owing to increasing government initiatives to adopt smart solutions in order to improve the efficiency of utilities such as gas water and electricity. For instance, the US government aims to install smart gas meter in every household across the country by 2020. Also, the government of India has taken initiatives to replace the existing LPG connections with piped natural gas (PNG) in combination with smart meters in the identified areas which will help in developing localities as modern. The smart PNG meter that is being used by the government of India is aiding in the process of obtaining the consumed gas unit readings over the period of time using advance online reporting and easy access to the billing systems. Further, the rising consumer awareness for reducing energy usage is another major factor raising the demand of smart meters in the residential sector.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Smart Gas Meter Market Segmentation
By Equipment Type
- Advanced Metering Infrastructure (AMI)
- Automated meter Reading (AMR)
By Application
- Residential
- Industrial
- Commercial
Global Smart Gas Meter Market Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report covers:
- Comprehensive research methodology of the global smart gas meter market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global smart gas meter market.
- Insights about market determinants which are stimulating the global smart gas meter market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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