Global Smart Gas Metering Systems Market

Smart Gas Metering Systems Market Size, Share, Growth Analysis, By Technology Type(Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI)), By Component(Hardware, Meters, Communication Devices, Software), By End-User(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25G2012 | Region: Global | Published Date: February, 2024
Pages: 223 | Tables: 91 | Figures: 76

Smart Gas Metering Systems Market Dynamics

Drivers

Increasing Focus On Energy Efficiency And Sustainability

  • The increasing awareness on electricity efficiency and sustainability emerges as a number one motive force, with utilities international embracing smart technologies to optimize gasoline consumption and reduce environmental effect. Regulatory mandates mandating the adoption of smart metering answers further boost up marketplace growth, compelling utilities to modernize their infrastructure.

Restraints

High Upfront Costs Associated With The Installation

  • One of the main market restraints is the high prematurely fees related to the set up and implementation of smart metering infrastructure. This monetary barrier can pose a large hurdle for utilities, in particular in areas with confined budgets or in developing economies. Privacy and statistics safety issues additionally represent a constraint, because the big data generated through smart gas meters raises apprehensions approximately unauthorized get entry to and potential misuse.
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FAQs

Smart Gas Metering Systems Market size was valued at USD 3.93 billion in 2021 and is poised to grow from USD 4.4 billion in 2022 to USD 10.89 billion by 2030, growing at a CAGR of 12% in the forecast period (2023-2030).

The aggressive environment of the Smart Gas Metering Systems market is dynamic and is characterised by using a dynamic interplay of established industry leaders and modern entrants striving for marketplace percentage. The key players leverage their technological expertise, sturdy economic talents, and established customer relationships to hold a aggressive aspect. The marketplace additionally functions the lively participation of regional and niche players, contributing to the variety of services. 'Honeywell International Inc. (US)', 'Itron, Inc. (US)', 'Apator S.A. (Poland)', 'Landis+Gyr (Switzerland)', 'Elster Group GmbH (Germany)', 'Sensus, a Xylem brand (US)', 'Kamstrup A/S (Denmark)', 'Diehl Metering GmbH (Germany)', 'EDMI Group (Elster, Landis+Gyr) (France)', 'Zenner International GmbH & Co. KG (Germany)', 'Aidon Corporation (UK)', 'Metronix AG (Switzerland)', 'Gazprom Metering (Russia)', 'Nantong Tongxu Electronics Co., Ltd. (China)', 'Shanghai Meters Co., Ltd. (China)', 'Wuhan Kaidi Electric Meter Co., Ltd. (China)', 'Cecomp India Ltd. (India)', 'Elcom Metering Pvt. Ltd. (India)', 'Acromag, Inc. (US)', 'Netadpo Technologies Pvt. Ltd. (India)'

The increasing awareness on electricity efficiency and sustainability emerges as a number one motive force, with utilities international embracing smart technologies to optimize gasoline consumption and reduce environmental effect. Regulatory mandates mandating the adoption of smart metering answers further boost up marketplace growth, compelling utilities to modernize their infrastructure.

Rising Consumer Awareness and increased use of clean label products: The increasing integration of superior technologies, which includes Internet of Things (IoT) and artificial intelligence, to decorate the abilities of gasoline metering systems. This helps actual-time facts collection, allowing utilities to optimize consumption styles and enhance general operational performance. Another noteworthy trend is the growing emphasis on facts analytics and cloud-based solutions, empowering utilities with actionable insights for decision-making.

Europe is in all likelihood to dominate the marketplace. This is because European nations were early adopters of clever metering technologies, driven via regulatory projects, strength efficiency goals, and the need for modernizing application infrastructure. The location has seen huge investments in clever grid initiatives, inclusive of superior gas metering systems.

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Global Smart Gas Metering Systems Market

Report ID: SQMIG25G2012

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