DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Smart Gas Meter Market - Global Trends & Forecast to 2021" report to their offering.
The smart gas meter market is projected to grow at a CAGR of 7.24% from 2016 to 2021 to reach USD 2.27 Billion by 2021. Government policies & mandates in developed economies and accurate billing & improved customer service are the major factors driving the market.
The report segments the smart gas meter market on the basis of end-user into residential, commercial, and industrial. Residential customers are the largest end-users of smart gas meters, followed by commercial and industrial customers. The global gas pipeline network construction in the residential segment has accounted for 1,054 km (approx.) in the past 5 years and another 100 kms are expected to be constructed in next 2-3 years, which would boost the smart gas meter market in this segment.
North America is currently the largest market for smart gas meters, followed by Europe and Asia-Pacific. Factors such as investments in smart grid, smart city & gas pipeline networks, and drive towards reducing carbon emissions would positively impact the smart gas meter market globally.
The demand for smart gas meters can be directly linked to the development of gas pipeline networks and investments in smart cities & smart grid infrastructure. Health and cybersecurity issues related to the usage of smart gas meters could restrain growth to a certain extent, with customer unwillingness and interoperability issues being significant challenges of this market. However, smart grid investments offer lucrative growth opportunities for the smart gas meter market.
- Apator Group
- Chongqing Shancheng Gas Equipment Co. Ltd.
- Dandong Dongfa Group
- Diehl Metering
- EDMI Limited
- Honeywell International, Inc.
- Itron, Inc.
- Master Meter
- Raychem RPG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Smart Gas Meter Market, By Type
7 Smart Gas Meter Market, By End-User
8 Smart Gas Meter Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/tbtl56/smart_gas_meter