Insight into the Smart Gas Meter Global Market to 2027 - Automatic Meter Reading and Bill Generation to Contribute to Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Smart Gas Meter Market by Type and Automated Meter Reading, Component, and End Use: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

The global smart gas meter market size is expected to reach $5.99 billion by 2027 from $3.71 billion in 2019, growing at a CAGR of 6.9% from 2020 to 2027.

The Internet of Things (IoT) ecosystem helps drive the smart gas meter market, as these can provide real-time data for various purposes and end-use industries such as residential, commercial, and industrial. By leveraging big data analytics, they can also shift from cutting costs as the main benefit of finding benefits for consumers and organizations. Some of the vendors are offering a wireless solution for smart gas metering, which consists of WAVIoT gas meters and the meter data management system that allows them to get the consumption reports from the meters remotely.

The major factors that drive the smart gas meter market size are supportive government policies, development of communication network infrastructure, and high developments in the field of advanced metering infrastructure. In addition, large scale installations of smart meters by utility companies are focusing on strengthening the distribution of the smart gas meters. However, the high installation and maintenance cost of smart gas meters borne by end-users restrain the growth of the smart gas meter market. Various grid operators and other gas utility providers are effectively managing the demand for smart gas meters. However, various benefits offered by the smart gas meter market such as automatic meter reading and bill generation are further expected to contribute toward the growth of the smart gas meter industry.

The global smart gas meter market is segmented on the basis of type, component, and end-use. Further, on the basis of type, the market is segmented into automated metering infrastructure (AMI) and automated meter reading (AMR). On the basis of the end-use component, it is classified into hardware and software. On the basis of end-use, it is divided into residential, commercial, and industrial.

Based on region, the global smart gas meter market trend is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key market players extensively profiled in the report include Honeywell International Inc, Itron Inc., Landis+Gyr, Schneider Electric SA, Siemens AG, Badger Meter, EDMI, Sensus, Aclara Technologies, and Apator SA. Market players have adopted various strategies such as product launch, collaboration, partnership, and agreement to expand their foothold in the smart gas meter industry.

KEY MARKET SEGMENTS

By TYPE

• Automated Metering Infrastructure (AMI)
• Automated Meter Reading (AMR)

By COMPONENT

• Hardware
• Software

By END USE

• Residential
• Commercial
• Industrial

Key Topics Covered:

Chapter 1: Introduction

1.1. Report Description

1.2. Key Benefits for Stakeholders

1.3. Key Market Segments

1.4. Research Methodology

Chapter 2: Executive Summary

2.1. CXO Perspective

Chapter 3: Market Overview

3.1. Market Definition and Scope

3.2. Key Findings

3.2.1. Top Impacting Factors

3.2.2. Top Investment Pockets

3.3. Porter's Five Forces Analysis

3.4. Patent Analysis

3.4.1. By Region (2012-2020)

3.4.2. By Applicant (2012-2020)

3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Development of Communication Network Infrastructure

3.5.1.2. High Developments in the Field of Advanced Metering Infrastructure

3.5.1.3. Government Initiatives

3.5.2. Restraint

3.5.2.1. High Installation and Maintenance Cost of Smart Gas Meters

3.5.3. Opportunity

3.5.3.1. Development of Smart City Projects in Emerging Countries

3.6. Covid-19 Impact Analysis

3.6.1. Covid-19 Outbreak

3.6.2. Impact on Market Size

3.6.3. End-user Trends, Preference, and Budget Impact

3.6.4. Economic Impact

Chapter 4: Global Smart Gas Meter Market, by Type

4.1. Overview

4.2. Advanced Metering Infrastructure (AMI)

4.3. Automated Meter Reading (AMR)

Chapter 5: Global Smart Gas Meter Market, by Component

5.1. Overview

5.2. Hardware

5.3. Software

Chapter 6: Global Smart Gas Meter Market, by End Use

6.1. Overview

6.2. Residential

6.3. Commercial

6.4. Industrial

Chapter 7: Smart Gas Meter Market, by Region

7.1. Overview

7.2. North America

7.3. Europe

7.4. Asia-Pacific

7.5. LAMEA

Chapter 8: Competitive Landscape

8.1. Introduction

8.1.1. Market Player Positioning, 2020

8.2. Top Winning Strategies

8.3. Product Mapping of Top 10 Player

8.4. Competitive Dashboard

8.5. Competitive Heatmap

Chapter 9: Company Profiles

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