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Smart Gas Meter Market by Type, by End-User and by Region - Global Trends & Forecast to 2021

Smart Gas Meter Market: Forecast until 2021

  • May 2016
  • 119 pages
  • ID: 3866789
In this report:
In 2016, the global smart gas meter market size is estimated to be USD ##,##.## million, where North America is expected to hold the largest share of ##.##%, followed by Europe and Asia- Pacific with a market share of ##.##% and ##.##%, respectively.
The smart gas meter market is expected to grow at a steady rate of ##.##% during the forecast period, with North America projected to account for the largest share by 2021; the share of the commercial market is expected to increase to ##.##% by 2021, from ##.##% in 2015.

Summary

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The smart gas meter market is forecasted to reach a size of ~$2.3B by 2021, at a compound annual growth rate of ~7.2 percent from 2016 to 2021. Elements such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the sector globally. Residential customers are the biggest end-users of smart gas meters, succeeded by commercial and industrial customers.

"The AMR segment would dominate the overall smart gas meter market by 2021"

The AMR segment is forecasted to be the biggest market for smart gas meters in 2016. Popular in North America (NA) and Europe (EU), this metering infrastructure is increasingly being implemented in other regions as well; it was developed initially and is less expensive than AMI, and hence, has the biggest industry size. Nevertheless, the AMI market is expected to rise at the maximal rate as a result of its advanced technology. Furthermore, AMI reduces labor cost, and various gas utilities worldwide are replacing AMR with AMI infrastructure, further creating increase opportunities for the AMI market.

"EU: The quickest increasing sector for smart gas meters"

Europe (EU) is currently the quickest increasing market for smart gas meters, succeeded by North America continent and Asia Pacific (APAC). In EU, different smart gas meter rollouts are taking place in countries including the U.K., Spain (ES), and France (FR). This, along the EU's plans regarding carbon emission reductions, would drive increase in the european area. The United Kingdom recorded for the majority share in Europe (EU) in 2015, and France (FR) is expected to grow at the highest compound annual growth rate (CAGR) from 2016 to 2021.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants among other experts to obtain & verify critical qualitative and quantitate info as well as assess future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1%-12%, Tier 2%-36%, and 1/3 3%-52%

By Designation: C-Level - 20.0 percent, Director Level - 5.0 percent, and Engineer Level - 75.0 percent

By area: Asia-Pacific - 60.0 percent, Europe - 20.0 percent, the Americas - 15.0 percent, and rest of the world - 5.0 percent

Note: Row = Rest of the globe

The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue, as of 2015: Tier 1 =>USD 10 billion, Tier 2 = $1.0B to $10.0B, and Tier 3 =

The industry's leading players have been profiled with their new developments and other strategic activities. These include Apator Group, Itron Inc., Honeywell International, Incorporated, Sensus, Landis+Gyr, and Diehl Metering, among others.

Why acquire this industry report?

1. The analysis determines and addresses main markets for smart gas meters, which is useful for suppliers and Original equipment manufacturers to examine production and distribution plans.

2. The market research includes review of main countries by application of smart gas meters; for example, its application in residents, commercial infrastructure, and sectors. It examines historical forecasts and also forecast for 2021, assisting in strategic decision making.

3. It presents competition by analyzing recent market developments including top contracts, recent product launches, business developments, and mergers & acquisitions from the main overall market actors. It helps understand the competition strategies and plan respective initiatives.

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