Global Gas Meters Market was valued US$ 1.70Bn in 2017 and is anticipated to reach US$ 3.20 Bn by 2026 at a CAGR of about 7.25 % during a forecast.
The report on “Gas Meters� is segmented by technology, by application, and by region. Based on technology gas meters market is divided into standard gas meters and smart gas meters. Based on application gas meters market is bifurcated into residential, commercial, industrial. Based on type gas meters market is divided into diaphragm meters, rotary meters, turbine meters, ultrasonic flow meters. Regionally into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The 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 gas main supply, and provides accurate bills. Usually, force of the moving gas was primarily drive in the pipe. Also population growth, urbanization, elevating consumer incomes, industrialization and expanding gas distribution network have contributed to the market growth to a great extent.
Gas meters technology demand standard meters and smart meters. In 2017, 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 fastest CAGR due to the norms and regulations introduced by the governments.
Among residential, commercial and industrial of gas meters application, a residential segment dominated the gas meters market during the forecasting period. The residential segment is expected to expand at CAGR of around 10% 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 a type in gas meters market, diaphragm meters is expected to hold a significant share in the market during the forecast period. Diaphragm meters are commonly known as bellow a meter which is also used 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 the major 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 gaining popularity and economies through gas meters. In India, a 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.
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., and Sensus
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Scope of the Global Gas Meters Market
Global Gas Meters Market by Technology:
• Standard Gas Meters • Smart Gas Meters Global Gas Meters Market by Application:
• Residential • Commercial • Industrial Global Gas Meters Market by Type:
• Diaphragm Meters • Rotary Meters, • Turbine Meters • Ultrasonic Flow Meters Global Gas Meters Market by Region:
• North America
• Europe • 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. • Sensus
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