The Gas Supply or Production Meters Market in Germany saw fluctuations over the past decade. Starting from 1.0583 million units in 2012, the market experienced an initial growth of 6.22% followed by a smaller increment of 2.95% in 2013. However, it saw a significant decline of 12.5% in 2014 and continued to decrease until 2018, reaching a low of 0.8189 million units. The market showed some recovery in 2019 with a 7.42% increase, continued to rise in 2020 by 6.91%, but fell again by 7.8% in 2021. 2022 saw a mild recovery with a 5.06% increase. The Compound Annual Growth Rate (CAGR) from 2018 to 2022 was 1.07%, suggesting a very slow recovery pattern.
In 2023, the market stood at approximately 0.911 million units based on the trend, indicating a slight increase from 2022. For future trends, it's essential to watch for:
- Technological advancements in smart meters which could drive market demand.
- Environmental regulations that might influence gas metering equipment replacements and upgrades.
- The transition to renewable energy sources possibly impacting the traditional gas supply infrastructure.
