Smart Gas Meter Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Smart Gas Meter Market Size- By Technology, By Type, By Component, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: SEMI2401 | Pages: 1 - 224 | Formats*: |
| Category : Semiconductor and Electronics | |||
Smart Gas Meter Market Introduction and Overview
According to SPER Market Research, the Global Smart Gas Meter Market is estimated to reach USD 4.94 billion by 2033 with a CAGR of 5.41%.
The report includes an in-depth analysis of the Global Smart Gas Meter Market Market, including market size and trends, product mix, Applications, and supplier analysis. A Smart Gas Meter Market is a digitized gas network that provides electronic measurements of gas consumption. Some of the most common Smart Gas Meter Markets are automatic meter reading (AMR) and advanced meter infrastructure (AMI). It is made up of integrated sensors and computation hardware that precisely measures the volume of gas consumed. Smart Gas Meter Markets are widely used to detect toxic and explosive gases, measure gas concentrations, and provide more insight into consumer behaviour.
- 2022: Schneider Electric announced a slew of new innovations to assist the company's businesses, industry, and infrastructure providers in navigating energy and climate concerns via advanced electrification and digitalization (Electricity 4.0). The new solutions, according to the company, are designed to give organizations the tools and support they need to strategize, digitize, and decarbonize their processes, accelerate sustainability commitments, and overcome energy concerns.
- 2019: Nippon Gas Co. announced that it would upgrade all of its existing gas meters in Japan to smart meters. The SPACE HOTARU IoT-based reader is expected to be fully operational by the end of 2020. It is claimed to be the largest smart utility deployment to date, with approximately 8,50,000 gas meters upgraded.
Market Opportunities and Challenges
Opportunities-
An increasing focus on smart grid projects and gas network modernization- Smart grids are a major technological advancement that have brought gas networks up to date by giving consumers and utilities the data they need to effectively manage gas use. Global energy utilities are investing more and more in smart grid technologies that allow for automated gas consumption monitoring and control, the creation of new business models, the reduction of outages, and quicker reaction times in the event of a natural disaster. Smart grids can facilitate consumer participation in energy system operations and demand flexibility at the end-user level by utilizing distributed generation and storage. The core component of smart grid technologies is the smart meter. Utility companies are able to supply dependable energy and innovative energy-saving products in response to consumer demand when they have a smart metering system in place.
Challenges-
Delayed return on investment (ROI) realization as a result of complicated device integration- Globally, there have been delays or cancellations of Smart Gas Meter Market projects due to the high capital requirements of their deployment, which pose an investment risk to consumers and utilities. Installing and maintaining Smart Gas Meter Markets comes at a very high total cost. States in the majority of nations don't offer subsidies, and there aren't any legally-mandated goals or requirements for installing Smart Gas Meter Markets. Since the utility planning is what will carry out the rollout, financing is a major obstacle to the project as a whole.
Market Competitive Landscape
There are multiple significant players in the fragmented global market for Smart Gas Meter Markets. The market for Smart Gas Meter Markets has matured in certain places. As a result, companies are putting a lot of effort into maintaining their market advantage. Smart joint ventures are being used by businesses to increase their profitability and market share. The companies are also acquiring start-ups and creating market technologies for Smart Gas Meter Marketing in order to enhance the functionality of their products. Some of the key players are - Aclara Technologies LLC, Aichi Tokei Denki Co. Ltd., Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Diehl Stiftung & Co. KG, EDMI Limited (Osaki Electric Co. Ltd.), Honeywell International Inc., Itron Inc, Landis+Gyr, Raychem RPG Private Limited and Wasion Holdings Limited.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Technology, By Type, By Component, By End User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Aclara Technologies LLC, Aichi Tokei Denki Co. Ltd., Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Diehl Stiftung & Co. KG, EDMI Limited (Osaki Electric Co. Ltd.), Honeywell International Inc., Itron Inc, Landis+Gyr, Raychem RPG Private Limited and Wasion Holdings Limited. |
COVID-19 Impact on Global Smart Gas Meter Market
The world economy has suddenly changed due to the COVID-19 pandemic. The market for Smart Gas Meter Markets in the residential and commercial sectors is predicted to be negatively impacted by a sudden downturn in infrastructure development and installation projects. The industry has handled the increased demand well, which has made it possible to introduce new technologies into a receptive market. The top producers must make sure that their goods satisfy both legal and security requirements and consumer expectations in order to gain an advantage.
Key Target Audience:
- Consumers
- Energy Management Solution Providers
- Environmental Organizations
- Meter Manufacturers
- Research and Development Institutions
- Technology Providers and Solution Integrators
- Utility Companies
- Others
Our in-depth analysis of the Smart Gas Meter Market includes the following segments:
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| By Type: |
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| By Component: |
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| By End User: |
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Key Topics Covered in the Report:
- Global Smart Gas Meter Market Size (FY’2023-FY’2033)
- Overview of Global Smart Gas Meter Market
- Segmentation of Global Smart Gas Meter Market By Technology (AMR and AMI)
- Segmentation of Global Smart Gas Meter Market By Type (Smart Ultrasonic Gas Meter and Smart Diaphragm Gas Meter.)
- Segmentation of Global Smart Gas Meter Market By Component (Hardware and Software.)
- Segmentation of Global Smart Gas Meter Market By End User (Commercial, Industrial and Residential.)
- Statistical Snap of Global Smart Gas Meter Market
- Expansion Analysis of Global Smart Gas Meter Market
- Problems and Obstacles in Global Smart Gas Meter Market
- Competitive Landscape in the Global Smart Gas Meter Market
- Impact of COVID-19 and Demonetization on Global Smart Gas Meter Market
- Details on Current Investment in Global Smart Gas Meter Market
- Competitive Analysis of Global Smart Gas Meter Market
- Prominent Players in the Global Smart Gas Meter Market
- SWOT Analysis of Global Smart Gas Meter Market
- Global Smart Gas Meter Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Smart Gas Meter Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Smart Gas Meter Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Gas Meter Market
7. Global Smart Gas Meter Market, By Technology (USD Million)
7.1. Global Smart Gas Meter Market Value Share and Forecast, By Technology, 2023-20337.2. AMR7.3. AMI
8. Global Smart Gas Meter Market, By Type (USD Million)
8.1. Global Smart Gas Meter Market Value Share and Forecast, By Type, 2023-20338.2. Smart Ultrasonic Gas Meter8.3. Smart Diaphragm Gas Meter
9. Global Smart Gas Meter Market, By Component (USD Million)
9.1. Global Smart Gas Meter Market Value Share and Forecast, By Component, 2023-20339.2. Hardware9.3. Software
10. Global Smart Gas Meter Market, By End User (USD Million)
10.1. Global Smart Gas Meter Market Value Share and Forecast, By End User, 2023-203310.2. Commercial10.3. Industrial10.4. Residential
11. Global Smart Gas Meter Market Forecast, 2019-2033 (USD Million)
11.1. Global Smart Gas Meter Market Size and Market Share
12. Global Smart Gas Meter Market, By Technology 2019-2033 (USD Million)
12.1. Global Smart Gas Meter Market Size and Market Share By Component (2019-2026)12.2. Global Smart Gas Meter Market Size and Market Share By Component (2027-2033)
13. Global Smart Gas Meter Market, By Type, 2019-2033 (USD Million)
13.1. Global Smart Gas Meter Market Size and Market Share By Technology (2019-2026)13.2. Global Smart Gas Meter Market Size and Market Share By Technology (2027-2033)
14. Global Smart Gas Meter Market, By Component, 2019-2033 (USD Million)
14.1. Global Smart Gas Meter Market Size and Market Share By Component (2019-2026)14.2. Global Smart Gas Meter Market Size and Market Share By Component (2027-2033)
15. Global Smart Gas Meter Market, By End Users, 2019-2033 (USD Million)
15.1. Global Smart Gas Meter Market Size and Market Share By End Users (2019-2026)15.2. Global Smart Gas Meter Market Size and Market Share By End Users (2027-2033)
16. Global Smart Gas Meter Market, By Region, 2019-2033 (USD Million)
16.1. Global Smart Gas Meter Market Size and Market Share By Region (2019-2026)16.2. Global Smart Gas Meter Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Aichi Tokei Denkei17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Chongqing Shancheng Gas Equipment Co. Ltd17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. EDMI Limited17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Holley Metering Limited17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Honeywell International Inc.17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Itron Inc.17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Landis+Gyr17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Raychem RPG Private Limited .17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Suntront Technology17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Wasion Holdings Limited17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Smart Gas Meter Market is projected to reach USD 4.94 Billion by 2033, growing at a CAGR of 5.41% during the forecast period.
Smart Gas Meter Market grew in market size from 2023. The Market is expected to reach USD 4.94 Billion by 2033, at a CAGR of 5.41% during the forecast period.
Smart Gas Meter Market CAGR of 5.41% during the forecast period.
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Smart Gas Meter Market size is USD 4.94 Billion from 2023 to 2033.
Smart Gas Meter Market Segment is Covered By Technology, By Type, By Component, By End User
The North America region is anticipated to have the highest market share in Smart Gas Meter Market.
The key players in the market include Companies Covered Aclara Technologies LLC, Aichi Tokei Denki Co. Ltd., Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Diehl Stiftung & Co. KG, EDMI Limited (Osaki Electric Co. Ltd.), Honeywell International Inc., Itron Inc, Landis+Gyr, Raychem RPG Private Limited and Wasion Holdings Limited.
Smart Gas Meter Market Market, including market size and trends, product mix, Applications, and supplier analysis. A Smart Gas Meter Market is a digitized gas network that provides electronic measurements of gas consumption.
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