1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas
  5. > Natural Gas Market Trends
Global Gas Meters Industry

Global Gas Meters Industry

  • September 2020
  • 273 pages
  • ID: 5956837
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Decarbonization Policies Guarantee a Secure Future for Natural Gas. Gas Meters to Reach $3.8Billion

The global market for Gas Meters is projected to reach US$3.8 billion by 2025, trailing a CAGR of 4.5% over the analysis period 2018 to 2025.Natural gas is forecast to remain the fastest-growing fossil fuel through 2035. Growth in demand is expected to mainly stem from the power-generation and industrial sectors in North America and Asia and residential and commercial sectors in Southeast Asia. A major portion of the gas supplies would be generated from the US, Russia, China, and Africa. China is expected to increase its gas production by two times over the period 2018-2035 while Europe is expected to register a decline. Meanwhile demand for LNG is expected to exceed that of overall gas with Asian markets depending more on distant supplies. Global demand for liquefied natural gas (LNG) increased by 12.1% to 350 million tones in 2019, reflecting the growing importance of LNG as the world transitions towards a lower-carbon energy system. The year witnessed a slew of mega-liquefaction projects, particularly in the US, Qatar, and Russia. Technology advancements also resulted in exploiting stranded reserves. Majority of the production stemmed from Europe as prices registered a decline gaining a competitive edge over coal. A growing number of oil companies such as BP, Chevron, ExxonMobil, Shell and Total have over the last few years increase their share of gas production. Improvement in technologies to transport gas from remote production areas to consumption centers is also helping boost investments in gas production. Currently, the natural gas market remains amply supplied. The US emerged as one of the largest exporters of LNG in recent years backed by the shale revolution. Shale gas accounts for about 70% of the country’s domestic production.

Currently, US, China, Canada and Argentina are commercially producing shale gas with Mexico and Algeria expected to begin production by 2030 and 2020 respectively. By 2040, these six countries are expected to account for nearly 70% of the global shale gas production. Production in Canada is forecast to increase and account for 30% of total natural gas production by 2040. As one of the first countries outside of North America to develop shale resources, production in China is forecast to account for more than 40% of the country’s total natural gas production by 2040. Increased foreign investment and improved pipeline infrastructure are expected to drive shale gas production in Argentina, accounting for 75% of total natural gas production by 2040. Against the backdrop of soaring supply of natural gas and transformation of natural gas from a purely regional to an internationally traded commodity, prices not surprisingly remain low and a major positive for gas meters. Increase in LNG trade is creating a lucrative business opportunity for monetizing large gas reserves. With the US and Australia building large export capacities for LNG, the supply continues to increase, keeping the gas price low and regional price spreads compressed. Compared to the volatility of oil prices, natural gas prices are relatively stable, a major advantage for the development of piped gas infrastructure. While natural gas prices in North America and Europe remain low, prices in Asia have been relatively volatile for most part. Production outages; high seasonal demand fluctuation; oil indexed pricing; and market specific conditions such as pipeline infrastructure, geography, supply, demand, shipping costs and geopolitics, all represent factors that contribute to the vast price spreads between the US, Europe and Asia.

A key reason for the rising prices of natural gas in Asia is China’s unwavering focus on clean air campaign and curbing pollution. The Chinese government unveiled bold plans to the replacement of coal with natural gas in industries in an attempt to battle chronic pollution issues. Beijing and Tianjin’s dedicated move to reduce urban air pollution has helped increase imports of natural gas. With 26 other Chinese states also expected to crackdown on pollution, demand is forecast to grow stronger in the coming years. Strong Chinese import demand has pushed up Asia’s LNG prices. In short, a combination of abundant supply of shale gas in North America; low gas prices in Europe and North America; increased demand for natural gas in Asia as a result of stringent clean energy regulations, is leading to a robust outlook for natural gas. The scenario will help reshape the measurement industry which includes gas meters.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Pipeline Pigging Systems Market 2020-2024

  • $ 2500
  • September 2020
  • 120 pages

Global Pipeline Pigging Systems Market 2020-2024 The analyst has been monitoring the pipeline pigging systems market and it is poised to grow by $ 4.20 bn during 2020-2024, progressing at a CAGR of 1% ...

  • World
  • Europe
  • Natural Gas
  • Pipeline Transportation
  • Industry analysis

Global Generators Industry $ 5450 September 2020


ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on