Smart Gas Meter Market Report, Size 2021 by Top Countries Data, Industry Analysis by Regions, Revenue, Share, Development, Tendencies and Forecast to 2027

 Governments around the world are implementing policies to promote renewable energy sources and smart metering solutions to decrease and keep track of overall energy consumption. Digitalization of power distribution grids and optimization of network operations is one of the major drivers for the growth of the smart gas meter market globally. As per one of the top market research firms, only 10% of the smart gas meters shipped in 2018 were equipped with cellular IoT; however, the number is expected to increase to 30% by 2025. Hence, it can be stated that digitalization would offer several benefits for day-to-day operations, including superior control over gas quality and cost.

The covid-19 pandemic has resulted in slow growth of the energy and power sector in most of the economies globally, as many countries are resorting to nationwide lockdowns to prevent a spread of the virus. As per the IEA Energy Efficiency Report 2020, countries around the world are preferring the use of more efficient energy source. Electricity use among the residential sector in the first half of 2020 witnessed an increase of 20%, compared to a decline of 10% among the commercial sector. Furthermore, Temporarily postponed meter installations due to Covid-19 had a slightly negative impact on shipment levels in 2020, also the total number of smart meters installed in 2020, declined by 10% lower compared to the previous year 2019. Annual smart electricity meter shipments amounted to 20.9 million units in 2019 and the corresponding figure for smart gas meters was 8.5 million units

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According to UnivDatos Market Insights (UMI)’ research report “Global Smart Gas Meter Market”, the market is expected to witness a CAGR growth of XX% during the forecast period 2021-2027F. Digitalization of power distribution grids, Surging capital expenditure on gas infrastructure and rising government investments on Smart grid solutions are the major factors driving the growth of global smart gas meter market. However, Lack of Regulatory and Legislative Landscape and Concerns related to data privacy to act as some major challenges for the growth of the industry. Furthermore, Growing prominence on smart grid initiatives and modernization of gas networks and Increasing investment from Government for nationwide rollout of smart metering solutions would provide ample growth opportunity for the smart metering solution providers. 

Based on the Component, the Global Smart Gas Meter Market is bifurcated into Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). Currently, Automated Meter Reading (AMR) segment dominate the market and is expected to maintain its dominance during the forecast period. 

Based on type, the market is segmented into segmented into Smart Ultrasonic Gas Meter and Smart Diaphragm Gas Meter. In 2020, Smart Diaphragm Gas Meter segment dominated the market. Demand for Smart Diaphragm Gas Meter is expected to increase to cater to the increasing demand for gas among residential and commercial sector and to provide gas supply with high reliability.

Based on component, the Global Smart Gas Meter Market is bifurcated into Hardware and software component. Hardware segment dominated the market in 2020. Increasing demand for precise gas meter is expected to drive the market.

Based on end-users, the Global Smart Gas Meter Market is bifurcated into residential, commercial, and industrial end-users. Developing countries in North America and the European region are deploying smart gas meters on large scale in households, this would further drive the market for the residential smart gas meters.

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Spain to witness highest growth

Based on region, the report provides detail analysis for overall adoption of smart gas meter in major region including North America (US, Canada, Rest of North America), Europe (Germany, France, Netherlands, Spain, United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. European Union (EU) has announced a mandate which requires utility companies or DISCOMS of all member states to provide smart metering solutions to 80% of their electricity consumers by 2020.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Smart Gas Meter market are Landis+Gyr, Itron, Honeywell International, Apator Group, Diehl Metering, Elster Group, Southern California, DTE Energy, American Gas Association, Badger Meter. These companies are investing heavily on technology to increase their customer base.

Some of the instances are:

• In 2020, Microsoft partnered with SNAM to launch first joint project on IoT and cloud technology for the technological and sustainable development of energy sector.
• In August 2020, Apator SA’s subsidiary Apator Metrix SA and George Wilson Industries Ltd. Partnered with Flonidan A/S (Denmark) to supply gas meters for the UK market for the period 2020-2025.
• In the same year, Landis+Gyr partnered with Hongkong Electric Co., Ltd. (HK Electric) to offer AMI to support Hong Kong’s transformation into a smart city. Under the contract the company would deploy Landis+Gyr’s Gridstream solution platform comprising Landis+Gyr smart meters, communications infrastructure, head-end system, and meter data management system
• In 2018, Itron launched smart gas meter named “Intelis gas meter”. The new gas meter transforms the gas distribution network from one-way delivery mechanism to an interactive energy network delivering gas more safely and efficiently

“Global Smart Gas Meter Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

1. By Technology (Automated Meter Reading (AMR), Advanced Metering Infrastructure (AMI))
2. By Type (Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter)
3. By Component (Hardware, Software)
4. By End-Users (Residential, Commercial, Induatrial)
5. By Region (North America (US, Canada, Rest of North America), Europe (Germany, France, Netherlands, Spain, United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World)
6. By Company (Landis+Gyr, Itron, Honeywell International, Apator Group, Diehl Metering, Elster Group, Southern California, DTE Energy, American Gas Association, Badger Meter etc.)

Key questions answered in the study:

1. What are the current and future trends of the Global Smart Gas Meter industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Smart Gas Meter industry?
5. What are the customer orientation, purchase behavior, and expectations from the Global Smart Gas Meter suppliers across various region and countries?

Table of content –

1 Market Introduction

2 Research Methodology Or Assumption

3 Market Synopsis

4 Executive Summary

5 Global Smart Gas Meter Market Amid COVID-19

6 Global Smart Gas Meter Market Revenue (Usd Bn), 2019-2027f

7 Market Insights By Technology

8 Market Insights By Type

9 Market Insights By Component

10 Market Insights By End-Users

11 Market Insights By Region

12 Smart Gas Meter Market Dynamics

13 Smart Gas Meter Market Opportunities

14 Smart Gas Meter Market Trends

15 Legal & Regulatory Framework

16 Demand And Supply Side Analysis

17 Value Chain Analysis

18 Competitive Scenario

19 Company Profiled

20 Disclaimer

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