Smart Gas Meters Market Research Report – Forecast to 2024

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Smart Gas Meters Market Research Report
Forecast to 2024

• Worldwide Smart Gas Meter Market To Accrue by
  2023 Registering A Phenomenal CAGR Asserts MRFR

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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.

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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.
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Global Smart Gas Meter Market   - Competitive
Analysis  

• 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.

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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.

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Smart Gas Meter Global Market   - Regional
Analysis

• 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
  future.com/reports/smart-gas-meter-market-1686

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About Market Research Future

• At Market Research Future (MRFR), we enable our
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• MRFR team have supreme objective to provide the
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• In order to stay updated with technology and work
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  industrial visits for its research analyst
  members.

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