Smart Gas Metering Systems Market – USD 9 Billion revenue by 2024

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Smart Gas Metering Systems Market Set to Record
Exponential Growth by 2024 Global Market
Insights, Inc.
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Smart Gas Metering Systems Market overview

• Notable players in the Smart Gas Metering Systems
  industry comprise of Badger Meter, Itron,
  LandisGYR, Schneider Electric, Siemens, Sensus
  Sentec, Osaki Electric, Elster Group, Neptune,
  Honeywell International and Raychem.
• Smart Gas Metering Systems Market will exceed USD
  9 Billion by 2024, as reported in the latest
  study by Global Market Insights, Inc.
  Implementation of favorable government mandates
  and fiscal incentives toward intelligent gas
  meter deployment for accurate measurement of gas
  consumption patterns will boost the global smart
  gas metering systems market. In 2016, the Federal
  Council of Germany introduced the Digitization of
  the Energy Turnaround Act that stipulates all EU
  member states to equip 80 of its customers with
  smart meters by 2020.

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• AMI smart gas metering systems market is set to
  reach over 20 million units of annual
  installation by 2024. AMI monitors consumption
  along with time and are designed to transmit the
  pricing information from the utility to the
  consumer. The implementation of these systems in
  the infrastructure can streamline the operations
  of utilities while reducing expenditures,
  extending services, and providing greater safety.
• U.S. smart gas metering systems market is
  projected to expand over 18 by 2024.
  Introduction of several state rollout programs
  and legislative directives for the deployment of
  smart gas systems will positively drive the
  industry outlook. In 2013, the U.S. Department of
  Energy (DOE), through its American Recovery and
  Reinvestment Act (ARRA) funded the installation
  of smart grid technologies in the country.

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UK Smart Gas Metering Systems Market Size, By
Application, 2016 2024 (Million Units)

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• Implementation of fiscal incentives coupled with
  government plans to roll out the existing meters
  will provide a substantial edge to smart gas
  metering systems market. Several countries have
  implemented distinct legislations that mandate
  the adoption of AMI meters as a part of their
  energy conservation initiatives. As per the
  Government of Great Britain, the replacement of
  53 million smart meters is expected to be
  executed across residential establishments by the
  year 2020.
• Increasing demand for accurate billing along with
  real-time monitoring of consumption pattern will
  complement the global smart gas metering systems
  market growth. Intensifying conservation measures
  in response to scarce availability of resources
  will further stimulate the business scenario.
• Utility smart gas metering systems market is
  anticipated to witness growth owing to rising
  measures toward reduction of theft. Effective
  expansion of gas distribution facilities catering
  to the growing population base will further
  enhance the product penetration. Modernization of
  critical metering infrastructure to reduce
  operational expenditures and optimize operations
  will further boost the product demand.

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Smart Gas Metering Systems Industry Background

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• Growing measures toward optimizing operational
  efficiencies of utilities to address escalating
  consumer demand will propel the smart gas
  metering systems market. Ability to offer
  improved assets management and real-time
  consumption information will further strengthen
  the product demand. Increasing consumer affinity
  toward shared infrastructure communication for
  gas meters will further fuel the industry growth.
• UK smart gas metering systems market is projected
  to witness a growth of over 12 by 2024. Shifting
  trends toward digital economy and growing
  measures to attain environmental sustainability
  will stimulate the business growth. The EU Energy
  Efficiency Directive outlines the legal measures
  to step up the efforts of EU Member States to use
  energy efficiently at all stages of the energy
  chain.

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Methodology
Market research reports Key analytical
components

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Market Insight Coverage

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