DUBLIN--(BUSINESS WIRE)--The "Gas Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global gas meter market reached a value of US$ 3 Billion in 2017. Looking forward, the market is expected to grow at a CAGR of 6.7% during 2018-2023, reaching a value of US$ 4 Billion by 2023.
With the confluence of growing environmental concerns and rising demand for energy, there has been an increase in the consumption of natural gas across the globe. This acts as a major factor in catalysing the growth of the global gas meter market. In addition to this, as the installation of gas meter helps to reduce the wastage of gas during transmission and distribution, the governments across various nations have encouraged its usage. Some of the other factors such as population growth, elevating consumer incomes, urbanisation, industrialisation and expanding gas distribution network have also contributed to the market growth.
The report has segmented the market on the basis of type into basic and smart. Currently, the basic type is the most popular in the market.
Based on application, the market is segmented into residential, commercial and industrial.
On a regional-basis, North America has acquired the dominant position and is anticipated to remain leading in the gas meter market, followed by Europe and Asia Pacific. Other regions include Middle East and Africa, and Latin America.
- Diehl Metering
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Gas Meter Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Gas Meter Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/8lx552/global_gas_meter?w=4