Published Date: 12-May-2021
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According to a new report Global Smart Gas Meter Market, published by KBV research, The Global Smart Gas Meter Market size is expected to reach $2.8 billion by 2027, rising at a market growth of 4.7% CAGR during the forecast period.
Based on end-user, the residential segment procured the biggest share of the smart gas meter market. The smart gas meter market is driven by the growing focus on energy efficiency. Moreover, the growth of the market is augmenting by the developed regions like North America and Europe that are massively adopting and installing smart gas meters.
The Automated Meter Reading (AMR) market dominated the Global Smart Gas Meter Market by Technology 2020, and would continue to be a dominant market till 2027. The Advanced Metering Infrastructure (AMI) market is expected to witness highest CAGR of 5.6% during (2021 - 2027).
On the basis of region, the Asia-Pacific emerged as the leading region in the global smart gas meter market in 2020. China is considered to be the highest and fastest-growing regional market. Presently, the country dominated the figures for new funding in smart grid infrastructure. As the country is witnessing a huge change in the energy landscape, it has become the major consumer of smart grid technology. The country would soon witness massive requirements for smart grid technologies due to its passionate renewable energy program. The need for the smart grid market is further boosted by China’s aim to adopt energy efficiency, hence, propelling the growth of the smart gas meter market.
Full Report: https://www.kbvresearch.com/smart-gas-meter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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