Global Smart Gas Market to grow at a Impressive CAGR of 12.09% and to reach USD 15.89 billion by 2022

Summary

Orbis Research Present’s Global Smart Gas Market By Types (Diaphram, Rotary, Turbine, Office, Ultrasonic Flow), Modules (Itron ERTs, Aclara Modules), Batteries (Electronic Index), Geography, Trends, Forecast (2017-2022)

Description

The Global Smart Gas Market is projected to reach USD 15.89 billion by 2022 from USD 8.014 billion in 2016, growing at a CAGR of 12.09% during the forecast period 2017-2022. Natural gas is a fossil fuel used for heating, cooking, energy generation, automotive fuel and also in the manufacturing process of plastic and organic materials. Natural gas use has increased in the residential sector, commercial sector and also for power generation purposes.

Raising concerns about greenhouse gas emissions and the need to reduce carbon footprint resulted in the increased use of natural gas driving this market. In addition to this, the growing demand to reduce energy losses and the need to increase energy security are also considered as major drivers for the growth of the market. Due to the increased number of end users, the effort of collating the data with no irregularities remains a challenge to this market. The increase in the adoption of gas and numerous regulatory policies rolled out in many regions should be perceived as a growth opportunity for the market.

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In the recent past, Brazil has also rolled out smart gas meters to prevent energy theft providing a positive outlook to the vendors.

Based on this report, the global smart gas market is segmented on the basis of the technology (solutions), devices available, services offered, end users and by geography. The residential sector is estimated to have the maximum market share of approximately 75% due to the supportive incentive schemes offered for the installation of smart gas meters in residential buildings.

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The geographical coverage of this study includes North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is estimated to hold the largest market share followed by Europe. The various regulatory policies in Europe led to the positive development of the smart gas market. APAC is estimated to have the third largest market share while the market in Middle East & Africa is estimated to show a sluggish growth in the forecast period. France, Italy, and the UK are estimated to emerge as major markets for smart gas.

Some of the key players in this market are:

  • ABB
  • Aclara Technologies LLC
  • Aidon Oy
  • Badger Meter
  • Capgemini SA.
  • CGI Group Inc
  • Elster Group SE
  • General Electric
  • Itron
  • Oracle
  • Schneider Electric SA
  • Sensus

Key Deliverables of the Study

Market definition global smart gas market along with identification of key drivers and restraints for the market.

Market analysis for the global smart gas market, with region specific assessments and competition analysis on a global and regional scale.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.

Identification and analysis of the macro and micro factors that affect the global smart gas market on both global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information..

Major Points Covered in  Global Smart Gas Market Report:

  • Introduction
  • Research Approach and Methodology
  • Executive Summary
  • Market Dynamics
  • Global Smart Gas Market – Segmented by Device
  • Global Smart Gas Market – Segmented by Solutions
  • Global Smart Gas Market – Segmented by Services
  • Global Smart Gas Market – Segmented by End User
  • Global Smart Gas Market – Segmented by Region
  • Competitive Landscape – Vendor Market Share Analysis
  • Key Vendor Profiles
  • Future Trends and Oppurtunities in Global Smart Gas Market

 

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