Global Gas Meters Market was valued US$ 1.82 Bn in 2019 and is anticipated to reach US$ XX Bn by 2026 at a CAGR of about XX % during a forecast.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Gas meter is an apparatus used to measures and records the quantity of gas consumed or produced, regardless of the quality of the gas or pressurized quantity flowing. In recent time, gas meter plays a vital role as it helps to keep a track on gas usage, ensures a safe pressure from the main supply, and provides accurate billing. Usually force of the moving gas was primarily drive in the pipe. Also growth in population, urbanization, elevating consumer incomes, industrialization and expanding gas distribution network have contributed to the market growth to a great extent.
The report on “Gas Meters” is segmented by technology, by application and by region. Based on ‘technology gas meters’ ‘market is segmented into standard gas meters, and smart gas meters. Based on ‘application gas meters ‘ market is segmented into residential, commercial and industrial. Based on type ‘gas meters market’ is segmented into diaphragm meters, rotary meters, turbine meters and ultrasonic flow meters. Regionally market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Gas meters technology demand standard meters and smart meters. In 2018, standard meters segment occupied a major revenue share because its low price and extensive adoption for various applications in the market will further. Recently smart meters segment is anticipated to expand gas meter market at the XX% CAGR due to the norms and regulations introduced by the governments.
Among residential, commercial and industrial of gas meters application, residential segment dominated the gas meters market during the forecasting period. The residential segment is expected to expand at CAGR of around XX% over the forecast period. This fast pace of growth can be attributed to gas meters implementation, which regulates norms of households by governments of various countries in order to reduce wastage and avoid theft of gas.
On basis of type in gas meters market, diaphragm meters is expected to hold a XX% share in the market during forecast period. Diaphragm meters commonly known as bellow a meter which is also use in sectors of residential and commercial installations. Other than diaphragm meters, rotary meters, turbine meters, ultrasonic flow meters, other types such as orifice meters and coriolis meters plays a significant role in the market.
North America market holds XX% share in gas meters during the forecast period. Increasing demand for gas meters from industrial as well as residential consumers in the region will bolstering natural gas demand and consumption in the market. Asia Pacific region especially China and India are gaining popularity and economies through gas meters. In India, city of Mumbai announced that Tata Communications, a telecommunication solution and services provider will be working with Mahanagar Gas, a domestic gas utility company to deploy around 5,000 gas meters.
The objective of the report is to present a comprehensive analysis of the Global Gas Meters Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Gas Meters Market dynamics, structure by analyzing the market segments and project the Global Gas Meters Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Gas Meters Market make the report investor’s guide.
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Global Gas Meters Market by Technology:
• Standard Gas Meters
• Smart Gas Meters
Global Gas Meters Market by Application:
Global Gas Meters Market by Type:
• Diaphragm Meters
• Rotary Meters,
• Turbine Meters
• Ultrasonic Flow Meters
Global Gas Meters Market by Region:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players analyzed in the Global Gas Meters Market:
• ABB Ltd.
• Elster Group GmbH
• Endress+Hauser AG
• Landis+Gyr AG
• Emerson Electric Co.
• GE Energy Management Inc.
• Itron Inc
• Siemens AG
• Badger Meter Inc.
• Schneider Electric SE
• Apator Group
• Diehl Metering
• Honeywell International, Inc.
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