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  • 14 June 2019 20:21

Consistent Revenue Growth Projected for Intelligent Gas Meter Market Growth To Be Driven By The Higher Adoption In Residential and Commercial

The Intelligent Gas Meter Market is expected to grow at a CAGR of roughly 7.5% over the next ten years and will reach US$ 3,747. Mn in 2028, from US$ 1,819.1 Mn in 2018, according to a new Market.us (Prudour Research) study.

An intelligent gas meter is a special type of meter which is mainly used to gauge the volume of various fuel gases such as natural gas, propane, etc. This meter used in commercial, industrial, and residential premises. There are various types of gas meter available in the market such as rotary piston, turbine, diaphragm, and others.

Rising use of natural gas in developed and developing countries and rapid industrialization across the globe are the main reasons for the high growth of the gas meter market. In addition, the growing popularity of numerous types of an intelligent gas meter across the globe is another factor for the high demand of intelligent gas meter globally.

Growing demand for natural gas in especially in emerging economies resulting in rising demand for intelligent gas meter across the globe. In addition, rising demand for natural gas across the globe due to growing environmental concern and increasing energy demand among individuals is another major reason for the high growth of the intelligent gas market.

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Furthermore, raising awareness about various advantages associated with the various types of intelligent gas meter among individuals results in high demand for intelligent gas meter across the globe. growing awareness about various characteristics of the intelligent gas meter such as higher calorific value, low emission, easier operability, and others helps to raise the demand for intelligent gas meter across the globe.

Moreover, high investment in research and development by leading gas meter companies across the globe and rising development of technologically advanced gas meter include IHD (in-home display) meter which helps to show how much energy customers are using in real time. These are important reasons for the high growth of the intelligent gas meter in the upcoming years. Rising government initiatives to promote and installed an intelligent gas meter in residential, commercial, and industrial applications is another factor for the high growth of the intelligent gas meter in the near future.

However, unable to manage large data volumes generated from the intelligent gas meter is an important reason for hampering the growth of the intelligent gas meter market.

The rapid adoption of the diaphragm gas meter among various premises such as industrial, residential, commercial applications results in high demand for the intelligent gas meter. In addition, the rising use of intelligent gas meter in the residential application is the main reason for the high growth of the intelligent gas meter.

Increasing gas pipeline projects and decreasing fuel prices in many countries such as the US, Canada, Germany, France, UK, and Russia in the North America and Europe regions. In addition, the growing adoption of an intelligent gas meter in industrial and residential application among various emerging economies such as China and India in the Asia Pacific region. Furthermore, increasing popularity of rotary piston, turbine, diaphragm, and another gas meter among individuals in the countries such as Israel, South Africa, Brazil, and Mexico in the Middle East & Africa and Latin America regions.

Prominent players operating in the global intelligent gas meter market including, Elster Group GmbH, Itron, Flonidan, Landis+Gyr, Sensus, Apator Group, ZENNER, Diehl Metering, Yazaki Corporation, Schneider Electric, EDMI, MeterSit, China-goldcard, Innover, Viewshine, and Shaanxi Aerospace Powerand Suntront Tech.

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