DUBLIN- (TELE BUSINESS) -Report “Gas Meter Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2021-2028” has been added to ResearchAndMarkets.com’s Oferta e.
The global gas meter market was estimated at $ 5.8 billion in 2020 and is projected to reach $ 9.7 billion by 2028, growing by a CAGR of 6.6% from 2021 to 2028.
Landis + Gyr
A gas meter is a flow meter, which is used to measure the volume of fuel, such as natural gas or liquefied petroleum gas. A gas meter consists of four measuring chambers, which are separated by a diaphragm. It is necessary to ensure adequate gas pressure from the main supply of natural or liquefied petroleum gas. Gas meters are widely used in various commercial locations, as well as large residential areas for measuring volume flow rate and monthly energy bills.
Rapid industrialization has led to increased use of natural gas in various emerging economies with a large population population. Installing gas meters helps reduce gas loss during transmission and distribution. Moreover, the mandatory installation of smart meters in household and commercial areas is expected to stimulate market growth. Moreover, the increase in demand for energy efficient technologies, such as the implementation of IoT (Internet of Things) will further increase the demand for various intelligent meters. Implementing IoT (Internet of Things) simplifies the process meter reading and provides online interfaces between customers and service providers. In addition, replacing old conventional meters with new smart meters will further escalate market growth. For example, the Government of India is planning to replace 250 million meters of conventional meters in smart meters by 2022.
High capital investment and integration of complex technologies are the main challenges during the initial phase. Moreover, the maintenance of gas meters is capital intensive, which makes the application limited for small residential areas.
However, favorable government policies and discount schemes by industry actors in the installation of gas meters are expected to offer new growth opportunities in the market.
The global gas meter market is segmented based on product type and end user. Depending on the type of product, it is divided into traditional gas meter and smart gas meter. From the end user, the market is classified into residential, commercial and industrial. Regionally, it is analyzed throughout North America, Europe, Asia-Pacific and LAMEA.
COVID-19 scenario analysis
The gas meter market has been severely affected by the COVID-19 explosion across the globe. The market witnessed a sharp decline in demand, due to a large number of closures in the industrial sector.
As demand from end users gradually decreased, the price of the wholesale gas meter also decreased.
Moreover, blockchain measures across the country delayed the installation of a large number of new intelligent meters. Companies, which have already invested in Advanced Metering Infrastructure (AMI), will not resume operation until they are financially stable.
But aggregation practices disrupted the vendor supply chain and will maintain market demand during the pandemic.
However, shifting the trend towards work from home rates and increasing residential energy consumption will escalate the installation of gas meters for residential end users.
In the post-COVID period, industry players will focus on reassessing their supply chain and will consider whether resources from domestic players closer to the operating site can improve the supply chain.
The global gas meter market analysis covers in-depth information of key industry participants.
Porter’s analysis of the five forces helps to analyze the potential of buyers and suppliers and the competitive industry scenario for strategy building.
The main countries are designed according to their individual contribution of income to the regional market.
The report provides an in-depth analysis of the global gas meter market forecast for the period 2021-2028.
The report describes current global gas meter market trends and future market estimates from 2019 to 2028 to understand the prevailing opportunities and potential investment pockets.
The main drivers, market constraints and opportunities and detailed analysis of their impact are explained in the study.
Main topics covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: P EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1 Market definition and scope
3.2 The main forces that form the global market of Gas Meters
3.3 Market dynamics
3.4 Impact of government regulations on the global Gas Meters market
3.5 Patent analysis
3.5.1. By countries, 2012-2020
3.6 Impact of the COVID-19 explosion on the Gas Meters market
CHAPTER 4: GLOBAL MARKET FOR GAS METERS, BY TYPE OF PRODUCT
CHAPTER 5: GLOBAL MARKET OF THE GAS METER, FROM THE LAST USE
CHAPTER 6: GAS METERS MARKET BY REGION
CHAPTER 7: Competitive Landscape
CHAPTER 8: COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/dzlc7j