Smart Gas Meters Market Research Report – Forecast to 2024 - PowerPoint PPT Presentation

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Smart Gas Meters Market Research Report – Forecast to 2024


Smart Gas Meters Market Research Report – Forecast to 2024 – PowerPoint PPT presentation

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Title: Smart Gas Meters Market Research Report – Forecast to 2024

Smart Gas Meters Market Research Report
Forecast to 2024
  • Worldwide Smart Gas Meter Market To Accrue by
    2023 Registering A Phenomenal CAGR Asserts MRFR

Global Smart Gas Meter Market   - Overview
  • Smart Gas Meters allow its end users to control
    gas usages displaying the accurate real time data
    and advanced data analytics of gas usages of each
    day.  They automatically send the collected data
    to the supplier using wireless meter reading
    network allowing them to read meter remotely by
    wireless meter reading software or hand held unit
    thus saving time and energy for the users. The
    collected data also consist of the information on
    gas consumption, valve status, and battery status
    etc. Smart Gas Meters can close valve and stop
    gas supply on the command of close valve from the
    wireless software or hand held unit therefore
    eradicating chances of probable accidents in
    cases like gas leakages etc. Similarly, the open
    valve command will restart the gas supply.  Owing
    to the numerous advantages such as energy
    efficient consumption control etc., Smart Gas
    Meters are increasingly replacing the traditional
    meters and its market is witnessing a significant
    growth in recent times.
  • Accrediting the kind of traction the market is
    garnering currently demonstrating the growth
    prospects worldwide, Market Research Future has
    recently published a study report, which
    indicates that the global Smart Gas Meter  Market
    is estimated to expand by 2023 registering a
    staggering, CAGR during 2017 to 2023.

Factors driving the growth of the global Smart
Gas Meter Market include rising government
initiatives and mandates to implement smart gas
meters in households and commercial application
in recent times by spreading awareness regarding
smart and efficient usages of these meters. Major
players such as Itron, LandisGyr, and Sensus are
playing a significant role in the development of
significant infrastructure required for the
implementation of smart grids at ground
level. However, there is a problem of
compatibility hindering the adoption of smart gas
meters.  Most of the smart gas meters are
effectively made compatible with their suppliers
only meaning these supposedly smart meters
installed in the households are not adaptable to
the other/ rival suppliers connections.
Switching suppliers would result in the meter
being no longer Smart, but would revert to a
dumb mode which is no different from the
traditional meters of decades old. Advancement is
technology is already underway eradicating this
issue introducing a new centralized
communications network.
Global Smart Gas Meter Market   - Competitive
  • The global smart Gas Meter market appears to be
    highly competitive and diversified with the
    presence of many well established players having
    regional and global presence.Innovation, mergers
    acquisitions, and brand reinforcement remain
    the key trends for leading players in the smart
    camera market.

Industry/ Innovation/ Related News
  • January 16, 2018 LandisGyr announced the
    release of Command Center 7.2, the latest version
    of its operating platform for the companys
    Advanced Metering Infrastructure (AMI) networks.
    Command Center 7.2 lays the groundwork for the
    next generation of IoT connectivity on the
    building in support for new devices and
    management of peer-to-peer communications on the
    network. It also enables enhanced integration
    with other utility software products.

Smart Gas Meter Global Market   - Regional
  • Both North America and Europe are estimated to
    hold a dominating share within the smart gas
    meter market. U.S. is another major market for
    Smart Gas Meters. Government policy mandates and
    fiscal incentives have been the primary drivers
    for the demand for Smart Gas Meters. Also, the
    region is the hub of major manufacturers which
    has the positive influence on the growth of the
    market. During the forecast period Government
    policy mandates and fiscal incentives have been
    the primary drivers for the demand for Smart Gas
    Meters. European region is expected to have the
    fastest growth in next half a decade. However,
    Asia-Pacific region is also projected to register
    a considerably high growth rate during the
    forecast period. Increasing investments on
    account of government initiatives and roll-outs
    is expected to be a major driving factor for the
    growth of the European market.
  • ACCESS REPORT DETAILS _at_ https//www.marketresearch

About Market Research Future
  • At Market Research Future (MRFR), we enable our
    customers to unravel the complexity of various
    industries through our Cooked Research Report
    (CRR), Half-Cooked Research Reports (HCRR), Raw
    Research Reports (3R), Continuous-Feed Research
    (CFR), and Market Research Consulting Services.
  • MRFR team have supreme objective to provide the
    optimum quality market research and intelligence
    services to our clients. Our market research
    studies by products, services, technologies,
    applications, end users, and market players for
    global, regional, and country level market
    segments, enable our clients to see more, know
    more, and do more, which help to answer all their
    most important questions.
  • In order to stay updated with technology and work
    process of the industry, MRFR often plans
    conducts meet with the industry experts and
    industrial visits for its research analyst

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