The US Gas Meters Market is estimated to be USD 1.31 Bn in 2023 and is expected to reach USD 1.88 Bn by 2028, growing at a CAGR of 7.4%.IoT and big data analytics will pave the way for multiple devices to be connected
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
The US Gas Meters Market is segmented based on Type, Component, Technology, and End-Users.- By Type, the market is classified into Conventional Gas Meter and Smart & Intelligent Gas Meter.
- By Component, the market is classified into Hardware and Software.
- By Technology, the market is classified into Conventional Gas Meter and New Gas Technology Meters.
- By End-Users, the market is classified into Commercial, Industrial, and Residential.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are ABB Ltd., Aichi Tokei Denki, Fujitsu Ltd., General Electric, Sensus USA, Inc., etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the US Gas Meters Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.This Research analyses the US Gas Meters Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the US Research has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the US Gas Meters Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Surge in Rapid Industrialization in Emerging Countries
4.1.2 Favorable Government Policies Regarding Subsidies and Rebates
4.2 Restraints
4.2.1 High Capital Investment and Integration of Complex Technology
4.3 Opportunities
4.3.1 Technological Advances in Gas Meter by Introduction of Smart Gas Heavy
4.3.2 Investment in R&D Initiatives to Cater to Growing Demand
4.4 Challenges
4.4.1 Escalating Cost of Gas Meter Price
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 Impact of COVID-19
5.5 Impact of Economic Slowdown & Impending Recession
5.6 Ansoff Matrix Analysis
6 US’ Gas Meters Market, By Type
6.1 Introduction
6.2 Conventional Gas Meter
6.3 Smart & Intelligent Gas Meter
6.3.1 Smart Diaphragm Gas Meter
6.3.2 Aluminum Case Diaphragm Gas Meter
6.3.3 Steel Case Diaphragm Gas Meter
6.3.4 Smart Ultrasonic Gas Meter
7 US’ Gas Meters Market, By Component
7.1 Introduction
7.2 Hardware
7.3 Software
8 US’ Gas Meters Market, By Technology
8.1 Introduction
8.2 Conventional Gas Meter
8.2.1 Positive Displacement
8.2.2 Turbine Meter
8.2.3 Differential Pressure
8.2.4 Rotameter
8.3 New Gas Technology Meters
8.3.1 Coriolis
8.3.2 Thermal Mass Flow Meter
8.3.3 Ultrasonic Flowmeters
8.3.4 Vortex
9 US’ Gas Meters Market, By End-Users
9.1 Introduction
9.2 Commercial
9.3 Industrial
9.4 Residential
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 ABB Ltd.
11.2 Aclara Technologies LLC
11.3 Aichi Tokei Denki
11.4 Apator
11.5 Badger Meter
11.6 Diehl Metering
11.7 Discovergy GmbH
11.8 Elster
11.9 Fujitsu Ltd.
11.10 General Electric
11.11 Honeywell International, Inc.
11.12 Itron
11.13 Krohne
11.14 Landis+Gyr
11.15 Pietro Fiorentini
11.16 Powercom
11.17 Sensus USA, Inc.
12 Appendix
12.1 Questionnaire
Companies Mentioned
- ABB Ltd.
- Aclara Technologies LLC
- Aichi Tokei Denki
- Apator
- Badger Meter
- Diehl Metering
- Discovergy GmbH
- Elster
- Fujitsu Ltd.
- General Electric
- Honeywell International, Inc.
- Itron
- Krohne
- Landis+Gyr
- Pietro Fiorentini
- Powercom
- Sensus USA, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 1.31 Billion |
| Forecasted Market Value ( USD | $ 1.88 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | United States |
| No. of Companies Mentioned | 17 |
