U.S. Markets close in 4 hrs 32 mins
  • S&P 500

    3,775.59
    -9.79 (-0.26%)
     
  • Dow 30

    30,670.65
    -104.78 (-0.34%)
     
  • Nasdaq

    11,002.13
    -26.61 (-0.24%)
     
  • Russell 2000

    1,707.32
    -0.67 (-0.04%)
     
  • Crude Oil

    107.83
    +2.07 (+1.96%)
     
  • Gold

    1,807.60
    +0.30 (+0.02%)
     
  • Silver

    19.82
    -0.53 (-2.61%)
     
  • EUR/USD

    1.0405
    -0.0079 (-0.7491%)
     
  • 10-Yr Bond

    2.8910
    -0.0810 (-2.73%)
     
  • Vix

    28.10
    -0.61 (-2.12%)
     
  • GBP/USD

    1.2026
    -0.0149 (-1.2243%)
     
  • USD/JPY

    135.2300
    -0.4980 (-0.3669%)
     
  • BTC-USD

    19,410.72
    +242.54 (+1.27%)
     
  • CMC Crypto 200

    417.47
    -2.67 (-0.64%)
     
  • FTSE 100

    7,156.83
    -12.45 (-0.17%)
     
  • Nikkei 225

    25,935.62
    -457.42 (-1.73%)
     

Gas Meters Market Size worth $ 6.17 Billion by 2031 | CAGR: 6.5%: Notes TMR Study

·7 min read
  • Companies offering solutions equipped with cellular IoT capabilities to utility gas companies; adoption of precision and automation in gas metering products among customers steering revenue growth in gas meters market

  • Uptake of ultrasonic gas meters to open up new revenue streams; growing application of automated technologies to spur digitization of gas networks especially in Asia Pacific

ALBANY, N.Y., June 23, 2022 /PRNewswire/ -- Recent smart gas meter market trends point toward a growing prospect for automation in gas metering solutions for utility companies and their customers. Gas meter manufacturers have increasingly leveraged automation technologies to minimize gas wastage while improving flow and accuracy in measurement. The global market is projected to advance at CAGR of 6.5% during the forecast period of 2022–2031, reaching valuation of US$ 6.17 Bn by 2031.

TMR_Logo_Logo
TMR_Logo_Logo

IoT-enabled solutions and adding other low-power networking capabilities have played a crucial role in enriching the smart gas meter market size. Numerous gas meter manufacturers are geared toward expanding IoT ecosystem in a bid to reinforce Industry 4.0 operations in the energy sector.

Top gas meter manufacturers have reaped significant business opportunities from the deployment of smart gas meters in commercial and residential users. A case in point is the deployment of gas metering solutions for measuring the volume of used natural and liquefied gas with high accuracy and cost-effectively. Advancements in sensors have played a key role in boosting the performance characteristics of meter measurement system of newer products in the gas meters market.

Get PDF Brochure for More Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2090

Key Findings of Gas Meters Market Study

  • Commercial and Residential Users Adopting Smart Gas Infrastructure for Gas Wastage Reduction: The demand for gas metering solutions has been growing in commercial and residential users, thus will steer the revenue expansion. The need for smart, automated solutions will open up lucrative opportunities in industrial users, thereby bolstering the revenue streams in the gas meters market. Smart gas meters are gathering steam among the end users to minimize the loss of gas during transmission and distribution.

  • IoT Connectivity Opens Vast Window of Opportunities in Gas Meters Market: The penetration of IoT connectivity in gas metering solutions has extended the canvas for companies in the gas meters market. Solutions that feature advanced capabilities based on NB-IoT and Low Power Wide Area (LPWA) are likely to generate new revenues streams in the gas meters market.

  • Adoption of Next-gen Solutions to Open Up New Revenue Streams: The demand for next-gen solutions has catalyzed the market prospects of ultrasonic gas meters. Their popularity has stemmed from the benefits of high precision and advantage of low maintenance requirements and suitability for operation in high-temperature requirements. Thus, the gas meters market is witnessing abundant avenues from the deployment of ultrasonic gas meters in industrial environments which are intrinsically complex than in residential segment.

Request Sample Report at - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2090

Gas Meters Market: Key Drivers

  • Emphasis by gas utility companies worldwide on increasing the operational safety and efficiency has expand the prospect of gas meters in industrial applications

  • Penetration of Industry 4.0 technologies has spurred the upgrade of legacy metering solutions. The trend is a key driver of the gas meters market.

Gas Meters Market: Regional Growth Dynamics

  • Asia Pacific has emerged as a highly lucrative market for gas meter manufacturers over the past few years. India and China are among the countries that have bolstered the demand for smart gas metering solutions notably to meet the requirements of continuous emission monitoring systems (CEMS). The installations in the Asia Pacific gas maters market are expected to rise with investments in setting up smart infrastructure for gas utility companies.

  • The Middle East & Africa are at the forefront of new revenue streams in gas meters market, arising out of steady investments being made in energy sector. The demand is anticipated to thrive among residential and industrial applications.

Get COVID-19 Impact Analysis at - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2090

Gas Meters Market: Key Players

The study on the gas meters market found that the competitive landscape defined by a partial fragmentation. Numerous gas consumption meter manufacturers & suppliers are keen on adopting cutting-edge sensor and IoT technologies for the next-gen products.

Key players in the gas meters market include Endress+Hauser, Emerson Electric Co., Honeywell International Inc., Landis+Gyr Corporation, Badger Meter, Inc., Apator SA., Genesis Gas Solutions(P) Ltd., Fluenta, EDMI Ltd., ABB, and Itron Inc.

Make an Enquiry before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2090

Gas Meters Market Segmentation

  • Type

  • Application

  • Technology

Regions Covered

  • North America

  • Europe

  • Asia Pacific

  • Middle East & Africa

  • South America

Countries

  • U.S.

  • Canada

  • Germany

  • U.K.

  • France

  • Italy

  • Russia & CIS

  • Japan

  • China

  • India

  • ASEAN

  • Brazil

  • Mexico

  • GCC

  • South Africa

Browse Latest Electronics & Semiconductors Market Research Reports by TMR:

Water Meter Market - The global water meter market will be worth US$6.1 bn by the end of 2027 as compared to US$4.0 bn in 2018. The market promises to expand at a CAGR of 4.7% between 2019 and 2027

Motion Sensor Market - The global motion sensor market is projected to surpass value of US$ 10.4 Bn by the end of 2031, it is estimated to grow at a CAGR of 7.2% from 2022 to 2031

Clamp-on Ultrasonic Flowmeter Market - The global clamp-on ultrasonic flowmeter market is projected to reach the value of US$ 2.4 Bn by 2030, expanding at a CAGR of 8% during the forecast period

Temperature Sensor Market - The global temperature sensor market is expected to reach value of US$ 10.6 Bn by the end of 2031, expand at a CAGR of 5.4% from 2022 to 2031

POP Display Market- POP Display Market is expected to surpass the value of US$ 979.2 Mn by the end of 2031, It is estimated to expand at a CAGR of 5.4% from 2022 to 2031

GNSS Chip Market- GNSS chip market to rise at a 7.7% CAGR, in terms of value, from 2017 to 2025; GNSS chip market is expected to become worth US$34.71 bn by 2025

Chip Scale Package (CSP) LED Market- Chip Scale Package (CSP) LED Market is projected to reach US$ 3,065.1 Mn by 2026; market for Chip Scale Package LED is projected to expand at a CAGR of 13.90%

OLED Display Market- OLED Display Market is expected to surpass the value of US$ 167.35 Bn by the end of 2031, It is estimated to expand at a CAGR of 17.8% from 2021 to 2031

About Transparency Market Research

Transparency Market Research is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel -

https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Websitehttps://www.transparencymarketresearch.com
Bloghttps://tmrblog.com
Email: sales@transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/gas-meters-market-size-worth--6-17-billion-by-2031--cagr-6-5-notes-tmr-study-301573203.html

SOURCE Transparency Market Research