The Asia Pacific Smart Gas Meter Market is expected to witness market growth of 4.8% CAGR during the forecast period (2021-2027).
The most common benefit of smart metering is that manual meter reading is not essential anymore. This decreased the inconvenience to customers and provides financial advantages to the utility that does meter reading (Energy Company, network operator, or measuring company). This financial advantage does not generally offset the cost of implementing smart meters. Though, the application of smart metering also helps in enhancing the automation of the billing process. This decreases costs and decreases errors which, as a result, cut down the costs. Due to the automation of the billing process, payment arrears can be managed in a better way, causing a smaller number of payment arrears, a more customer friendly disconnection policy, and an improved image of the energy utility.
Another benefit of smart metering is that it is fairly simple to change supplier in a liberalized market. This improves competition between companies, thereby helping in cutting down the costs. Therefore, all these advantages of smart metering is expected to help the global smart gas meter market to flourish more during the forecast period.
Initiatives are increasingly taken in order to cut down the greenhouse gas emissions; the utilization of natural gas for every kind of application has achieved significance. This, along with the latest and coming technologies will allow users to get a record of energy consumption is boosting the growth of the market. However, this technology is relatively new and available only in some countries; its operating benefits and economic feasibility is expected to assist the market to have a broad reach in various countries during the forecast period. Gas is the basic requirement in today’s times for household applications like water heating, cooking, room heating, and others. Due to these reasons, gas pipelines are being established in various countries so that natural gas can be made available for all individuals in the country. Preventing manual involvement, accurate reading, maintaining data of usage, measuring monthly tariffs, and preventing unaccounted consumption are some of the benefits of the gas meter.
The Hardware market dominated the South Korea Smart Gas Meter Market by Component 2020, thereby, achieving a market value of $46.3 million by 2027. The Software market is expected to witness a CAGR of 6.7% during (2021 - 2027).
Based on Type, the market is segmented into Smart Diaphragm Gas Meter and Smart Ultrasonic Gas Meter. Based on Technology, the market is segmented into Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Fujitsu Limited, Xylem, Inc. (Sensus), Landis+Gyr Group AG, Itron, Inc., Apator S.A., Diehl Stiftung & Co. KG, Wasion Group (Star Treasure Investments Holdings Limited), Arad Group, and Hubbell, Inc.
Scope of the Study
Market Segments covered in the Report:
By Type
By Technology
By Component
By End User
By Country
Companies Profiled
Unique Offerings from the Publisher
The most common benefit of smart metering is that manual meter reading is not essential anymore. This decreased the inconvenience to customers and provides financial advantages to the utility that does meter reading (Energy Company, network operator, or measuring company). This financial advantage does not generally offset the cost of implementing smart meters. Though, the application of smart metering also helps in enhancing the automation of the billing process. This decreases costs and decreases errors which, as a result, cut down the costs. Due to the automation of the billing process, payment arrears can be managed in a better way, causing a smaller number of payment arrears, a more customer friendly disconnection policy, and an improved image of the energy utility.
Another benefit of smart metering is that it is fairly simple to change supplier in a liberalized market. This improves competition between companies, thereby helping in cutting down the costs. Therefore, all these advantages of smart metering is expected to help the global smart gas meter market to flourish more during the forecast period.
Initiatives are increasingly taken in order to cut down the greenhouse gas emissions; the utilization of natural gas for every kind of application has achieved significance. This, along with the latest and coming technologies will allow users to get a record of energy consumption is boosting the growth of the market. However, this technology is relatively new and available only in some countries; its operating benefits and economic feasibility is expected to assist the market to have a broad reach in various countries during the forecast period. Gas is the basic requirement in today’s times for household applications like water heating, cooking, room heating, and others. Due to these reasons, gas pipelines are being established in various countries so that natural gas can be made available for all individuals in the country. Preventing manual involvement, accurate reading, maintaining data of usage, measuring monthly tariffs, and preventing unaccounted consumption are some of the benefits of the gas meter.
The Hardware market dominated the South Korea Smart Gas Meter Market by Component 2020, thereby, achieving a market value of $46.3 million by 2027. The Software market is expected to witness a CAGR of 6.7% during (2021 - 2027).
Based on Type, the market is segmented into Smart Diaphragm Gas Meter and Smart Ultrasonic Gas Meter. Based on Technology, the market is segmented into Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Fujitsu Limited, Xylem, Inc. (Sensus), Landis+Gyr Group AG, Itron, Inc., Apator S.A., Diehl Stiftung & Co. KG, Wasion Group (Star Treasure Investments Holdings Limited), Arad Group, and Hubbell, Inc.
Scope of the Study
Market Segments covered in the Report:
By Type
- Smart Diaphragm Gas Meter
- Smart Ultrasonic Gas Meter
By Technology
- Automated Meter Reading (AMR)
- Advanced Metering Infrastructure (AMI)
By Component
- Hardware
- Software
By End User
- Residential
- Commercial
- Industrial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Companies Profiled
- Honeywell International, Inc.
- Fujitsu Limited
- Xylem, Inc. (Sensus)
- Landis+Gyr Group AG
- Itron, Inc.
- Apator S.A.
- Diehl Stiftung & Co. KG
- Wasion Group (Star Treasure Investments Holdings Limited)
- Arad Group
- Hubbell, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Smart Gas Meter Market by Type
Chapter 5. Asia Pacific Smart Gas Meter Market by Technology
Chapter 6. Asia Pacific Smart Gas Meter Market by Component
Chapter 7. Asia Pacific Smart Gas Meter Market by End User
Chapter 8. Asia Pacific Smart Gas Meter Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Honeywell International, Inc.
- Fujitsu Limited
- Xylem, Inc. (Sensus)
- Landis+Gyr Group AG
- Itron, Inc.
- Apator S.A.
- Diehl Stiftung & Co. KG
- Wasion Group (Star Treasure Investments Holdings Limited)
- Arad Group
- Hubbell, Inc.
Methodology
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