Title: Global Gas Market: Share, Growth Trends, Outlook and Forecast 2017-2022
1 Global Gas Meter Market to Reach Around US 5
Billion by 2022
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3Report Description and Highlights
Report Description
Global Gas Meter Market to Reach Around US 5
Billion by 2022 The global gas meter market has
been witnessing a positive growth. This can be
attributed to the advantages offered by gas
meters which include provision of accurate bills
and a guarantee of safe pressure from the gas
main supply. The latest report by IMARC Group,
titled Gas Meter Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2017-2022, finds that the global gas meter
market reached the value of more than US 3
Billion in 2016. A gas meter is a flow meter
which is used for measuring the volume of fuel
gases including liquefied petroleum gas and
natural gas. It helps to measure accurate volume
irrespective of the quality and quantity of the
gas flowing through the meter. In addition, meter
assists in reduction of gas wastage across
various end-user segments. These meters ensure
safe pressure from the gas main supply and
provide accurate bills. Over the past few years,
the majority of the gas meters are being placed
outside which were earlier installed inside the
buildings. Request Sample of the Report
http//www.imarcgroup.com/request?typereportid8
79flagB
4Report Description and Highlights
5Report Description and Highlights
Report Description
- Highlights of the global gas meter market
- The increasing consumption of gas across various
sectors acts as one of the major factors for
market growth. - Basic gas meters exhibit a clear dominance in the
market, accounting for the majority of share. - North America represents the largest share in the
market owing to stricter regulations regarding
replacement of old meters. - Over the past few years, the use of gas has
rapidly increased in both the industrial and
residential sectors as a result of augmenting
demand for energy and growing investments in oil
and gas projects. In addition, on account of
rising concerns about the environment,
governments across various nations are taking
several initiatives against oil and gas leakage.
Moreover, expanding gas distribution network in
developing regions has also added to the growth
of the global gas meter market. Some of the other
factors such as higher calorific value, low
emission and easier operability of gas meters
have also been proactive in maintaining the
market growth. As a result of the aforementioned
factors, the global gas meter market is further
expected to reach a value of nearly US 5
Billion, exhibiting a CAGR of 7.40 during
2017-2022 - Read full report _at_ http//www.imarcgroup.com/gas-m
eter-market
6Report Description and Highlights
Report Description
- On the basis of type, basic gas meters dominate
the market with the largest share, followed by
smart gas meters. The major segments on the basis
of application include residential, commercial
and industrial. Region-wise, North America
currently accounts for the majority of the total
global share. This is due to the strict rules and
regulations implemented by the governments
towards the replacement of old meters. Other
major markets include Europe, Asia Pacific,
Middle East and Africa, and Latin America. The
competitive landscape of the market has also been
analysed with some of the key players operating
in the market being Honeywell, Itron, Adaptor,
Dieh Metering and Sensus. -
- The report by IMARC Group has examined the global
gas meter market on the basis of - Type
- Basic
- Smart
- Application
- Residential
- Commercial
- Industrial
-
7Report Description and Highlights
Report Description
- Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- Key Players
- Honeywell
- Itron
- Adaptor
- Dieh Metering
- Sensus
- Browse More Related Report http//www.imarcgrou
p.com/categories/retail-market-reports
8Report Description and Highlights
Report Description
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