Categories: Market Research

Global Smart Gas Meter Market Size and Forecast 2023-2032|Cisco Systems Inc., ABB Ltd., Adappt Pte. Ltd., Avnet Inc., Eutech Cybernetic Pte. Ltd

The Smart Gas Meter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Smart Gas Meter Market:

https://www.thebusinessresearchcompany.com/report/smart-gas-meter-global-market-report

According to The Business Research Company’s Smart Gas Meter Global Market Report 2024, The smart gas meter market size has grown strongly in recent years. It will grow from $4.14  billion in 2023 to $4.47  billion in 2024 at a compound annual growth rate (CAGR) of 8.0%.  The  growth in the historic period can be attributed to regulatory mandates, energy efficiency, growing urbanization, aging infrastructure, data analytics.

The smart gas meter market size is expected to see strong growth in the next few years. It will grow to $6.1  billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.  The growth in the forecast period can be attributed to iot and connectivity, data-driven decision making, consumer awareness, gas leak detection, demand for smart grids. Major trends in the forecast period include mobile apps and customer engagement, energy management platforms, digital twins, blockchain for billing, green gas monitoring.

The supporting government policies are expected to propel the growth of the smart gas meter market going forward. Government policies are the initiatives or policies issued by the government of any country concerning the growth of a particular market. Many government policies are designed by different governments in support of smart gas meters. Through these policies, the government provides smart gas meters for customers at subsidy rates. For instance, in January 2023,  the government of India announced the smart meter national program (SMNP), intends to replace India’s 250 million conventional meters with smart meters. Therefore, rising demand for the smart gas meter by government initiatives drives the smart gas meter market

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=6585&type=smp

The smart gas meter market covered in this report is segmented –

1) By Type: Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter

2) By Component: Hardware, Software

3) By Technology: Automated Meter Reading (AMR), Advanced Metering Infrastructure (AMI)

4) By Application: Residential, Commercial, Industrial

Major companies operating in the smart gas meter market are having investments to sustain their business in the market. For instance, in July 2022, Italgas S.p.A. an Italy-based company that manufactures smart gas meters announced that it is planning to invest €8.6 billion (US$8.8 billion) in smart gas meters as well as other technology and initiatives. The funding would go toward creating intelligent gas networks, digitizing corporate procedures and networks, and starting a Power-to-Gas pilot project that will convert renewable energy sources into hydrogen and enable its storage. Additionally, the investment will be utilized to replace the earlier generation GPRS meters that the telcos are gradually replacing with smart meters that can accurately monitor gas consumption and offer accurate invoicing

The smart gas meter market report table of contents includes:

1. Executive Summary

2. Smart Gas Meter Market Characteristics

3. Smart Gas Meter Market Trends And Strategies

4. Smart Gas Meter Market – Macro Economic Scenario

5. Global Smart Gas Meter Market Size and Growth

.

.

.

26. South America Smart Gas Meter Market

27. Brazil Smart Gas Meter Market

28. Middle East Smart Gas Meter Market

29. Africa Smart Gas Meter Market

30. Smart Gas Meter Market Competitive Landscape And Company Profiles

Top Major Players:

  • Cisco Systems Inc
  • ABB Ltd
  • Adappt Pte. Ltd
  • Avnet Inc
  • Eutech Cybernetic Pte. Ltd

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

11 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

11 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

11 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

11 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

11 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

11 hours ago