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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Smart Gas Meters market. Market segmentation includes Technology (Advanced Meter Infrastructure (AMI), Automatic Meter Reading (AMR)); End-Use (Residential, Commercial, Industrial).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

5 November 8:30 p.m., California- According to the new market research report, the global market for Smart Gas Meters is projected to grow at a CAGR of 5.7% reach US$8.6 Billion by 2027, driven by rising capital expenditure on gas infrastructure worldwide; growing popularity of customized solutions; and robust demand from gas utilities for solutions that enable safe, cost-effective, efficient, and reliable sourcing, extraction or utilization of gas resources. The global Smart Gas Meters market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Advanced Meter Infrastructure (AMI), one of the segments analyzed and sized in this study, is forecast to grow at over 7.7% and reach a market size of US$2.6 billion by the end of the analysis period. The United States is forecast to readjust to a 4.9% CAGR. Within Europe, the worst affected by the pandemic, Italy will reach a market size of US$314.6 million growing at a CAGR% of 3.6% over the next couple of years. In addition, over US$211.7 million worth of projected demand in the region will come from Rest of European markets. In Japan, the Advanced Meter Infrastructure (AMI) segment will reach a market size of US$53.2 million by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Advanced Meter Infrastructure (AMI) segment in this country against this backdrop will grow at a CAGR of 8.8% over the next couple of years to create an addressable market opportunity worth US$973 million by the year 2027.

Smart gas solutions have emerged as the platform for enabling proactive monitoring, metering, measuring, regulating, and safeguarding of gas resources. Smart gas metering solutions come with the option of going for integration or modular approach, particularly for communication and metrology functionalities for gas meter deployment. The global market for smart gas meters is expected to witness healthy growth, supported by rising demand for natural gas, surging capital expenditure on gas infrastructure, the increasing focus on development of sufficient and efficient distribution networks, and technological advancements. Demand for smart gas solutions and services is expected to improve significantly in the near term, driven by the strong capital investment in gas infrastructure worldwide to meet the growing production and supply of natural gas. As efforts to cut down greenhouse gas emissions gain traction around the world, natural gas is becoming a preferred fuel for utilities. The growing use of gas as fuel and advent of advanced technologies to track energy consumption are driving growth in the smart gas meters market. The growing shift towards clean energy solutions including natural gas is thus expected to stimulate demand for smart gas meters. Favorable government policies and mandates as well as the improved need for accurate billing and enhanced customer services are contributing to increased demand for smart gas metering solutions. Smart meters are critical for reducing instances of theft and leakage, and hence assist in safeguarding revenues of utilities. Data transmitted from smart meters to utilities helps in timely actions to be taken based on gas consumed by the consumer. Dynamics of the global smart gas meters market is significantly influenced by the investments in gas pipeline networks, as well as government efforts to promote smart cities and smart grid infrastructure facilities. However, concerns related to smart gas meter user in terms of health implications and cybersecurity issues can limit market growth. In addition, interoperability and unwillingness on part of customers are other issues that could impede market growth.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 50233. Among this pool, 4019 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 1003 unique participations, a total of 451 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Siemens AG
Honeywell International, Inc.
ABB Ltd.
Schneider Electric SE
Accenture PLC
Atos SE
Capgemini SE
Infosys Ltd.
CGI, Inc.
Badger Meter, Inc.
Itron, Inc.
Landis+Gyr AG

Segments Covered in the Report -
Technology (Automatic Meter Reading (AMR), Advanced Meter Infrastructure (AMI))
End-Use (Residential, Commercial, Industrial)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Italy
UK
Rest of Europe
Asia-Pacific
Rest of World.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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