The Internet of Things (IoT) ecosystem help drive the smart gas meter market, as these can provide real-time data for various purposes and end-use industries such as residential, commercial, and industrial. With leveraging big data analytics, they can also shift from cutting costs as the main benefit of finding benefits for consumers and organizations. Some of the vendors are offering wireless solution for smart gas metering, which consists of WAVIoT gas meters and the meter data management system that allow them to get the consumption reports from the meters remotely.
The major factors that drive the smart gas meter market size is supportive government policies, development of communication network infrastructure, and high developments in the field of advanced metering infrastructure. In addition, large scale installations of the smart meters by the utility companies are focusing on strengthening the distribution of the smart gas meters. However, high installation and maintenance cost of smart gas meters borne by end users restrain the growth of the smart gas meter market. Various grid operators and other gas utility providers are effectively managing the demand for smart gas meters. However, various benefits offered by the smart gas meter market such as automatic meter reading and bill generation are further expected to contribute toward the growth of the smart gas meter industry.
The global smart gas meter market is segmented on the basis of type, component, and end use. Further, on the basis of type, the market is segmented into automated metering infrastructure (AMI) and automated meter reading (AMR). On the basis of end use component, it is classified into hardware and software. On the basis of end use, it is divided into residential, commercial, and industrial.
Based on region, the global smart gas meter market trend is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key market players extensively profiled in the report include Honeywell International Inc, Itron Inc., Landis+Gyr, Schneider Electric SA, Siemens AG, Badger Meter, EDMI, Sensus, Aclara Technologies, and Apator SA. Market players have adopted various strategies such as product launch, collaboration, partnership, and agreement to expand their foothold in the smart gas meter industry.
KEY MARKET SEGMENTS
By TYPE
- Automated Metering Infrastructure (AMI)
- Automated Meter Reading (AMR)
By COMPONENT
- Hardware
- Software
By END USE
- Residential
- Commercial
- Industrial
By REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Honeywell International Inc.
- Itron Inc.
- Landis+Gyr
- Schneider Electric SA
- Siemens AG
- Badger Meter
- EDMI
- Sensus
- Aclara Technologies
- Apator SA.
Table of Contents
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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