The Asia Pacific Smart Gas Meter Market would witness market growth of 4.8% CAGR during the forecast period (2021-2027). The most common benefit of smart metering is that manual meter reading is not essential anymore. This decreased the inconvenience to customers and provides financial advantages to the utility that does meter reading (Energy Company, network operator, or measuring company).
This financial advantage does not generally offset the cost of implementing smart meters. Though, the application of smart metering also helps in enhancing the automation of the billing process. This decreases costs and decreases errors which, as a result, cut down the costs. Due to the automation of the billing process, payment arrears can be managed in a better way, causing a smaller number of payment arrears, a more customer friendly disconnection policy, and an improved image of the energy utility.
Another benefit of smart metering is that it is fairly simple to change supplier in a liberalized market. This improves competition between companies, thereby helping in cutting down the costs. Therefore, all these advantages of smart metering would help the global smart gas meter market to flourish more during the forecast period.
Initiatives are increasingly taken in order to cut down the greenhouse gas emissions; the utilization of natural gas for every kind of application has achieved significance. This, along with the latest and coming technologies will allow users to get a record of energy consumption is boosting the growth of the market. However, this technology is relatively new and available only in some countries; its operating benefits and economic feasibility would assist the market to have a broad reach in various countries during the forecast period. Gas is the basic requirement in today’s times for household applications like water heating, cooking, room heating, and others. Due to these reasons, gas pipelines are being established in various countries so that natural gas can be made available for all individuals in the country. Preventing manual involvement, accurate reading, maintaining data of usage, measuring monthly tariffs, and preventing unaccounted consumption are some of the benefits of the gas meter.
The Hardware market dominated the South Korea Smart Gas Meter Market by Component 2020, thereby, achieving a market value of $46.3 million by 2027. The Software market is expected to witness a CAGR of 6.7% during (2021 - 2027).
Based on Type, the market is segmented into Smart Diaphragm Gas Meter and Smart Ultrasonic Gas Meter. Based on Technology, the market is segmented into Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Gas Meter Market is Projected to reach USD 2.8 Billion by 2027, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Fujitsu Limited, Xylem, Inc. (Sensus), Landis+Gyr Group AG, Itron, Inc., Apator S.A., Diehl Stiftung & Co. KG, Wasion Group (Star Treasure Investments Holdings Limited), Arad Group, and Hubbell, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Smart Diaphragm Gas Meter
- Smart Ultrasonic Gas Meter
By Technology
- Automated Meter Reading (AMR)
- Advanced Metering Infrastructure (AMI)
By Component
By End User
- Residential
- Commercial
- Industrial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Fujitsu Limited
- Xylem, Inc. (Sensus)
- Landis+Gyr Group AG
- Itron, Inc.
- Apator S.A.
- Diehl Stiftung & Co. KG
- Wasion Group (Star Treasure Investments Holdings Limited)
- Arad Group
- Hubbell, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Gas Meter Market, by Type
1.4.2 Asia Pacific Smart Gas Meter Market, by Technology
1.4.3 Asia Pacific Smart Gas Meter Market, by Component
1.4.4 Asia Pacific Smart Gas Meter Market, by End User
1.4.5 Asia Pacific Smart Gas Meter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
Chapter 4. Asia Pacific Smart Gas Meter Market by Type
4.1 Asia Pacific Smart Diaphragm Gas Meter Market by Country
4.2 Asia Pacific Smart Ultrasonic Gas Meter Market by Country
Chapter 5. Asia Pacific Smart Gas Meter Market by Technology
5.1 Asia Pacific Automated Meter Reading (AMR) Smart Gas Meter Market by Country
5.2 Asia Pacific Advanced Metering Infrastructure (AMI) Smart Gas Meter Market by Country
Chapter 6. Asia Pacific Smart Gas Meter Market by Component
6.1 Asia Pacific Hardware Smart Gas Meter Market by Country
6.2 Asia Pacific Software Smart Gas Meter Market by Country
Chapter 7. Asia Pacific Smart Gas Meter Market by End User
7.1 Asia Pacific Residential Smart Gas Meter Market by Country
7.2 Asia Pacific Commercial Smart Gas Meter Market by Country
7.3 Asia Pacific Industrial Smart Gas Meter Market by Country
Chapter 8. Asia Pacific Smart Gas Meter Market by Country
8.1 China Smart Gas Meter Market
8.1.1 China Smart Gas Meter Market by Type
8.1.2 China Smart Gas Meter Market by Technology
8.1.3 China Smart Gas Meter Market by Component
8.1.4 China Smart Gas Meter Market by End User
8.2 Japan Smart Gas Meter Market
8.2.1 Japan Smart Gas Meter Market by Type
8.2.2 Japan Smart Gas Meter Market by Technology
8.2.3 Japan Smart Gas Meter Market by Component
8.2.4 Japan Smart Gas Meter Market by End User
8.3 India Smart Gas Meter Market
8.3.1 India Smart Gas Meter Market by Type
8.3.2 India Smart Gas Meter Market by Technology
8.3.3 India Smart Gas Meter Market by Component
8.3.4 India Smart Gas Meter Market by End User
8.4 South Korea Smart Gas Meter Market
8.4.1 South Korea Smart Gas Meter Market by Type
8.4.2 South Korea Smart Gas Meter Market by Technology
8.4.3 South Korea Smart Gas Meter Market by Component
8.4.4 South Korea Smart Gas Meter Market by End User
8.5 Singapore Smart Gas Meter Market
8.5.1 Singapore Smart Gas Meter Market by Type
8.5.2 Singapore Smart Gas Meter Market by Technology
8.5.3 Singapore Smart Gas Meter Market by Component
8.5.4 Singapore Smart Gas Meter Market by End User
8.6 Malaysia Smart Gas Meter Market
8.6.1 Malaysia Smart Gas Meter Market by Type
8.6.2 Malaysia Smart Gas Meter Market by Technology
8.6.3 Malaysia Smart Gas Meter Market by Component
8.6.4 Malaysia Smart Gas Meter Market by End User
8.7 Rest of Asia Pacific Smart Gas Meter Market
8.7.1 Rest of Asia Pacific Smart Gas Meter Market by Type
8.7.2 Rest of Asia Pacific Smart Gas Meter Market by Technology
8.7.3 Rest of Asia Pacific Smart Gas Meter Market by Component
8.7.4 Rest of Asia Pacific Smart Gas Meter Market by End User
Chapter 9. Company Profiles
9.1 Honeywell International, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Fujitsu Limited
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Xylem, Inc. (Sensus)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.1 Recent strategies and developments:
9.3.1.1 Product Launches and Product Expansions:
9.3.1.2 Geographical Expansions:
9.4 Landis+Gyr Group AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research and Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.5 Itron, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.6 Apator S.A.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.7 Diehl Stiftung & Co. KG
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Research & Development Expense
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.8 Wasion Group (Star Treasure Investments Holdings Limited)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional & Segmental Analysis
9.8.4 Research & Development Expenses
9.9 Arad Group
9.9.1 Company Overview
9.10. Hubbell, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
TABLE 1 Asia Pacific Smart Gas Meter Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Smart Gas Meter Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Gas Meter Market
TABLE 4 Product Launches And Product Expansions– Smart Gas Meter Market
TABLE 5 Geographical Expansions– Smart Gas Meter Market
TABLE 6 Asia Pacific Smart Gas Meter Market by Type, 2017 - 2020, USD Million
TABLE 7 Asia Pacific Smart Gas Meter Market by Type, 2021 - 2027, USD Million
TABLE 8 Asia Pacific Smart Diaphragm Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 9 Asia Pacific Smart Diaphragm Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 10 Asia Pacific Smart Ultrasonic Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 11 Asia Pacific Smart Ultrasonic Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 12 Asia Pacific Smart Gas Meter Market by Technology, 2017 - 2020, USD Million
TABLE 13 Asia Pacific Smart Gas Meter Market by Technology, 2021 - 2027, USD Million
TABLE 14 Asia Pacific Automated Meter Reading (AMR) Smart Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 15 Asia Pacific Automated Meter Reading (AMR) Smart Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 16 Asia Pacific Advanced Metering Infrastructure (AMI) Smart Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 17 Asia Pacific Advanced Metering Infrastructure (AMI) Smart Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 18 Asia Pacific Smart Gas Meter Market by Component, 2017 - 2020, USD Million
TABLE 19 Asia Pacific Smart Gas Meter Market by Component, 2021 - 2027, USD Million
TABLE 20 Asia Pacific Hardware Smart Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 21 Asia Pacific Hardware Smart Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 22 Asia Pacific Software Smart Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 23 Asia Pacific Software Smart Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 24 Asia Pacific Smart Gas Meter Market by End User, 2017 - 2020, USD Million
TABLE 25 Asia Pacific Smart Gas Meter Market by End User, 2021 - 2027, USD Million
TABLE 26 Asia Pacific Residential Smart Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 27 Asia Pacific Residential Smart Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 28 Asia Pacific Commercial Smart Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 29 Asia Pacific Commercial Smart Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 30 Asia Pacific Industrial Smart Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 31 Asia Pacific Industrial Smart Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 32 Asia Pacific Smart Gas Meter Market by Country, 2017 - 2020, USD Million
TABLE 33 Asia Pacific Smart Gas Meter Market by Country, 2021 - 2027, USD Million
TABLE 34 China Smart Gas Meter Market, 2017 - 2020, USD Million
TABLE 35 China Smart Gas Meter Market, 2021 - 2027, USD Million
TABLE 36 China Smart Gas Meter Market by Type, 2017 - 2020, USD Million
TABLE 37 China Smart Gas Meter Market by Type, 2021 - 2027, USD Million
TABLE 38 China Smart Gas Meter Market by Technology, 2017 - 2020, USD Million
TABLE 39 China Smart Gas Meter Market by Technology, 2021 - 2027, USD Million
TABLE 40 China Smart Gas Meter Market by Component, 2017 - 2020, USD Million
TABLE 41 China Smart Gas Meter Market by Component, 2021 - 2027, USD Million
TABLE 42 China Smart Gas Meter Market by End User, 2017 - 2020, USD Million
TABLE 43 China Smart Gas Meter Market by End User, 2021 - 2027, USD Million
TABLE 44 Japan Smart Gas Meter Market, 2017 - 2020, USD Million
TABLE 45 Japan Smart Gas Meter Market, 2021 - 2027, USD Million
TABLE 46 Japan Smart Gas Meter Market by Type, 2017 - 2020, USD Million
TABLE 47 Japan Smart Gas Meter Market by Type, 2021 - 2027, USD Million
TABLE 48 Japan Smart Gas Meter Market by Technology, 2017 - 2020, USD Million
TABLE 49 Japan Smart Gas Meter Market by Technology, 2021 - 2027, USD Million
TABLE 50 Japan Smart Gas Meter Market by Component, 2017 - 2020, USD Million
TABLE 51 Japan Smart Gas Meter Market by Component, 2021 - 2027, USD Million
TABLE 52 Japan Smart Gas Meter Market by End User, 2017 - 2020, USD Million
TABLE 53 Japan Smart Gas Meter Market by End User, 2021 - 2027, USD Million
TABLE 54 India Smart Gas Meter Market, 2017 - 2020, USD Million
TABLE 55 India Smart Gas Meter Market, 2021 - 2027, USD Million
TABLE 56 India Smart Gas Meter Market by Type, 2017 - 2020, USD Million
TABLE 57 India Smart Gas Meter Market by Type, 2021 - 2027, USD Million
TABLE 58 India Smart Gas Meter Market by Technology, 2017 - 2020, USD Million
TABLE 59 India Smart Gas Meter Market by Technology, 2021 - 2027, USD Million
TABLE 60 India Smart Gas Meter Market by Component, 2017 - 2020, USD Million
TABLE 61 India Smart Gas Meter Market by Component, 2021 - 2027, USD Million
TABLE 62 India Smart Gas Meter Market by End User, 2017 - 2020, USD Million
TABLE 63 India Smart Gas Meter Market by End User, 2021 - 2027, USD Million
TABLE 64 South Korea Smart Gas Meter Market, 2017 - 2020, USD Million
TABLE 65 South Korea Smart Gas Meter Market, 2021 - 2027, USD Million
TABLE 66 South Korea Smart Gas Meter Market by Type, 2017 - 2020, USD Million
TABLE 67 South Korea Smart Gas Meter Market by Type, 2021 - 2027, USD Million
TABLE 68 South Korea Smart Gas Meter Market by Technology, 2017 - 2020, USD Million
TABLE 69 South Korea Smart Gas Meter Market by Technology, 2021 - 2027, USD Million
TABLE 70 South Korea Smart Gas Meter Market by Component, 2017 - 2020, USD Million
TABLE 71 South Korea Smart Gas Meter Market by Component, 2021 - 2027, USD Million
TABLE 72 South Korea Smart Gas Meter Market by End User, 2017 - 2020, USD Million
TABLE 73 South Korea Smart Gas Meter Market by End User, 2021 - 2027, USD Million
TABLE 74 Singapore Smart Gas Meter Market, 2017 - 2020, USD Million
TABLE 75 Singapore Smart Gas Meter Market, 2021 - 2027, USD Million
TABLE 76 Singapore Smart Gas Meter Market by Type, 2017 - 2020, USD Million
TABLE 77 Singapore Smart Gas Meter Market by Type, 2021 - 2027, USD Million
TABLE 78 Singapore Smart Gas Meter Market by Technology, 2017 - 2020, USD Million
TABLE 79 Singapore Smart Gas Meter Market by Technology, 2021 - 2027, USD Million
TABLE 80 Singapore Smart Gas Meter Market by Component, 2017 - 2020, USD Million
TABLE 81 Singapore Smart Gas Meter Market by Component, 2021 - 2027, USD Million
TABLE 82 Singapore Smart Gas Meter Market by End User, 2017 - 2020, USD Million
TABLE 83 Singapore Smart Gas Meter Market by End User, 2021 - 2027, USD Million
TABLE 84 Malaysia Smart Gas Meter Market, 2017 - 2020, USD Million
TABLE 85 Malaysia Smart Gas Meter Market, 2021 - 2027, USD Million
TABLE 86 Malaysia Smart Gas Meter Market by Type, 2017 - 2020, USD Million
TABLE 87 Malaysia Smart Gas Meter Market by Type, 2021 - 2027, USD Million
TABLE 88 Malaysia Smart Gas Meter Market by Technology, 2017 - 2020, USD Million
TABLE 89 Malaysia Smart Gas Meter Market by Technology, 2021 - 2027, USD Million
TABLE 90 Malaysia Smart Gas Meter Market by Component, 2017 - 2020, USD Million
TABLE 91 Malaysia Smart Gas Meter Market by Component, 2021 - 2027, USD Million
TABLE 92 Malaysia Smart Gas Meter Market by End User, 2017 - 2020, USD Million
TABLE 93 Malaysia Smart Gas Meter Market by End User, 2021 - 2027, USD Million
TABLE 94 Rest of Asia Pacific Smart Gas Meter Market, 2017 - 2020, USD Million
TABLE 95 Rest of Asia Pacific Smart Gas Meter Market, 2021 - 2027, USD Million
TABLE 96 Rest of Asia Pacific Smart Gas Meter Market by Type, 2017 - 2020, USD Million
TABLE 97 Rest of Asia Pacific Smart Gas Meter Market by Type, 2021 - 2027, USD Million
TABLE 98 Rest of Asia Pacific Smart Gas Meter Market by Technology, 2017 - 2020, USD Million
TABLE 99 Rest of Asia Pacific Smart Gas Meter Market by Technology, 2021 - 2027, USD Million
TABLE 100 Rest of Asia Pacific Smart Gas Meter Market by Component, 2017 - 2020, USD Million
TABLE 101 Rest of Asia Pacific Smart Gas Meter Market by Component, 2021 - 2027, USD Million
TABLE 102 Rest of Asia Pacific Smart Gas Meter Market by End User, 2017 - 2020, USD Million
TABLE 103 Rest of Asia Pacific Smart Gas Meter Market by End User, 2021 - 2027, USD Million
TABLE 104 Key information – Honeywell International, Inc.
TABLE 105 Key Information – Fujitsu Limited
TABLE 106 key information – Xylem, Inc.
TABLE 107 Key Information – Landis+Gyr Group AG
TABLE 108 Key Information – Itron, Inc.
TABLE 109 key information – Apator S.A.
TABLE 110 Key Information – Diehl Stiftung & Co. KG
TABLE 111 Key Information – Wasion Group
TABLE 112 key Information – Arad Group
TABLE 113 Key Information – Hubbell, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Recent strategies and developments: Honeywell International, Inc.
FIG 5 Swot analysis: Honeywell international, inc.
FIG 6 SWOT Analysis: Fujitsu Limited
FIG 7 Recent strategies and developments: Xylem, Inc.
FIG 8 Recent strategies and developments: Itron, Inc.