The smart gas meter market study has projected that Japan will considerably contribute to the global business growth owing to subsequent increasing consumer awareness towards billing transparency and transformation of traditional metering infrastructure.
SELBYVILLE, Del., January 15, 2020 (Newswire.com) – According to latest report “Smart Gas Meter Market by Application (Residential, Commercial, Utility), Technology (AMR, AMI), Regional Outlook, Competitive Market Share & Forecast 2024”, by Global Market Insights, Inc., the market valuation of smart gas meters will cross $9 billion by 2024.
The AMI smart gas meter market is anticipated to record the installation of over 20 million units by the end of the analysis period. AMI checks the consumption and time to send out pricing information from utility to customer. The increasing adoption of AMI systems in infrastructure can make operations of utilities more efficient and help to reduce expenses, extend services, and offer greater safety.
Execution of fiscal incentives, along with government programs to roll out current meters will offer a considerable edge to smart gas meter market trends. Several countries have executed distinct legislation to mandate the implementation of AMI meters, as a segment of their energy-saving initiatives.
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The smart gas meter market size from the utilities segment is projected to experience momentous growth, owing to the effective development of gas networks to serve the increasing population index. Attempts to cut energy costs and a rising focus toward the restructuring of infrastructure is predicted to stimulate product adoption and foster the market share.
The U.S. smart gas meter industry size is estimated to grow at more than 18% through 2024. Establishment of numerous state rollout programs and legislative mandates to effectively deploy smart gas systems is expected to supportively drive the market trends.
The U.K. smart gas meter market will witness an expansion of 12% during 2018-2024. And escalating inclination towards a digital economy along with developing measures to achieve environmental sustainability will spur the market’s growth. The EU Energy Efficiency Directive has apparently planned legal measures to strengthen the efforts of EU Member States for the efficient utilization of energy at all phases of the energy chain.
The smart gas meter market forecast report has projected that Japan will considerably contribute to the global business growth. The phenomenon can be attributed to subsequent increasing consumer awareness towards billing transparency and the transformation of traditional metering infrastructure.
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Table of Contents (ToC) of the report:
3.1 Industry segmentation
3.2 Industry landscape, 2013-2024 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.4 Innovation & sustainability
3.5 Regulatory landscape
184.108.40.206 Legal and Regulatory Status
220.127.116.11 Implementation Status
18.104.22.168 Legal and Regulatory Status
22.214.171.124 Implementation Status
126.96.36.199 Legal and regulatory status
3.6 Industry impact forces
3.6.1 Growth drivers
188.8.131.52 Favorable government directive
184.108.40.206 Energy conservation
220.127.116.11 Workforce management and operational efficiency
18.104.22.168 Improved customer service and billing accuracy
3.6.2 Industry pitfalls & challenges
22.214.171.124 Privacy concerns
126.96.36.199 Volatile pricing index
3.7 Growth potential analysis
3.8 Price trend analysis
3.8.1 AMI price trend, by region
3.8.2 AMR price trend, by region
3.9 Consumer requirements
3.10 Technology landscape and trends
3.10.1 Automatic Meter Infrastructure (AMI)
3.10.2 Automatic Meter Reading (AMR)
3.11 Porter’s analysis
3.12 Competitive landscape, 2016
3.12.1 Strategy dashboard
3.12.2 Mergers & acquisitions
3.13 PESTEL analysis
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