Forecast on Smart Gas Metering Systems Market Share, Growth Potential & Trends 2017 – 2024

By Rahul Varpe

Smart Gas Metering Systems Market is set to exceed USD 9 Billion by 2024. Stringent government initiatives toward energy conservation coupled with obligatory nationwide rollout programmes pertaining to ecological sustainability will boost the smart gas metering systems market. Continual need for billing precision coupled with enhanced customer experience will further stimulate the industry growth. The Smart Metering Implementation Programme (SMIP) started by the UK government aims at replacing 53 million smart meters by the year 2020 in over 30 million residential establishments. The implementation programme aims at efficient energy utilization and rearrangement of the energy supply system.
Intensifying need to eliminate losses during gas distribution coupled with the reduction of operational expenditure of traditional metering systems will enhance the smart gas metering systems market. Increasing focus toward reduction of energy theft and the need to effectively monitor the energy consumption patterns will further embellish the industry landscape. In 2013, the IEA predicted the world's energy consumption to grow by 56% between 2010 to 2040. The deployment of smart meters will thus serve as an affordable solution to address the problem of rising energy consumption.
AMR smart gas metering systems market will witness robust growth on account of its ability to remotely monitor energy usage. Increased profitability, easy availability, low installation cost and affordable maintenance are some of the significant parameters which will boost the product adoption.
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UK smart gas metering systems market will witness growth on account of government rollout programs facilitating the deployment of intelligent meters. Active regulatory compliances pertaining to environmental conservation will further enhance the industry outlook. For instance, in 2013, the government mandated rollout targets in European Union countries consisting Ireland, UK, Italy and Netherlands for the installation of 50 million smart gas meters by 2020.
Rising measures to mitigate increasing fuel prices coupled with government legislations toward sustainable energy development will enhance the smart gas metering systems market. Increasing adoption of smart grid technologies along with the need to restructure gas pipeline networks will further propel the business landscape.
Smart gas metering systems market from utilities is predicted to witness growth on account of efficient expansion of gas networks to cater the rising population index. Efforts to reduce energy costs coupled with increasing focus toward infrastructure restructuring will stimulate the product adoption during the forecast timeframe.
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Japan smart gas metering systems market is set to witness high growth owing to subsequent growing consumer interest toward billing transparency coupled with modernization of conventional metering infrastructure. For instance, Ministry of Economy, Trade and Industry (METI) has undertaken initiatives to install smart meters by 2020 in Japan.
Key players operating in the smart gas metering systems market include: Itron, Landis+GYR, Siemens, Sensus Sentec, Badger Meter, Osaki Electric, Neptune, Honeywell International, Raychem and Schneider Electric.
Table of Contents
Chapter 1. Methodology & Scope
    	
  • 1.1. Methodology	
      		
    • 1.1.1. Initial data exploration
      • 		
    • 1.1.2. Statistical model and forecast
      • 		
    • 1.1.3. Industry insights and validation
      • 		
    • 1.1.4. Market definition and forecast parameters
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  • 1.2. Data sources	
      		
    • 1.2.1. Secondary
      • 		
    • 1.2.2. Primary
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Chapter 2. Executive Summary
    	
  • 2.1. Smart gas metering systems industry 360 degree synopsis, 2013 - 2024	
      		
    • 2.1.1. Business trends
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    • 2.1.2. Technology trends
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    • 2.1.3. Application trends
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    • 2.1.4. Regional trends
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Chapter 3. Smart Gas Metering Systems Industry Insights
    	
  • 3.1. Industry segmentation
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  • 3.2. Industry landscape, 2013 - 2024 (USD Million)
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  • 3.3. Industry ecosystem analysis	
      		
    • 3.3.1. Vendor Matrix
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  • 3.4. Innovation & sustainability
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  • 3.5. Regulatory landscape	
      		
    • 3.5.1. U.S.
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    • 3.5.2. UK
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    • 3.5.3. Germany
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    • 3.5.4. France
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    • 3.5.5. Ireland
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    • 3.5.6. Netherlands
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    • 3.5.6.1. Legal and Regulatory Status
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    • 3.5.6.2. Implementation Status
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    • 3.5.7. Luxembourg
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    • 3.5.7.1. Legal and Regulatory Status
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    • 3.5.7.2. Implementation Status
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    • 3.5.8. Italy
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    • 3.5.8.1. Legal and regulatory status
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    • 3.5.9. Japan
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  • 3.6. Industry impact forces	
      		
    • 3.6.1. Growth drivers
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    • 3.6.1.1. Favorable government directive
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    • 3.6.1.2. Energy conservation
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    • 3.6.1.3. Workforce management and operational efficiency
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    • 3.6.1.4. Improved customer service and billing accuracy
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    • 3.6.2. Industry pitfalls & challenges
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    • 3.6.2.1. Privacy concerns
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    • 3.6.2.2. Volatile pricing index
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  • 3.7. Growth potential analysis
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  • 3.8. Price trend analysis	
      		
    • 3.8.1. AMI price trend, by region
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    • 3.8.2. AMR price trend, by region
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  • 3.9. Consumer requirements
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  • 3.10. Technology landscape and trends	
      		
    • 3.10.1. Automatic Meter Infrastructure (AMI)
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    • 3.10.2. Automatic Meter Reading (AMR)
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  • 3.11. Porter's analysis
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  • 3.12. Competitive landscape, 2016	
      		
    • 3.12.1. Strategy dashboard
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    • 3.12.1.1. Itron
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    • 3.12.1.2. Honeywell
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    • 3.12.1.3. EDMI
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    • 3.12.1.4. Xylem
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    • 3.12.2. Mergers & acquisitions
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  • 3.13. PESTEL analysis
Chapter 4. Smart Gas Metering Systems Market, By Application
    	
  • 4.1. Smart gas metering systems market share by application, 2016 & 2024
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  • 4.2. Residential	
      		
    • 4.2.1. Global market from residential, 2013 - 2024
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    • 4.2.2. Global market from residential, by region, 2013 - 2024
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  • 4.3. Commercial	
      		
    • 4.3.1. Global market from commercial, 2013 - 2024
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    • 4.3.2. Global market from commercial, by region, 2013 - 2024
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  • 4.4. Utility	
      		
    • 4.4.1. Global market from utility, 2013 - 2024
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    • 4.4.2. Global market from utility, by region, 2013 - 2024
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Chapter 5. Smart Gas Metering System Market, By Technology
    	
  • 5.1. Smart gas metering system market share by technology, 2016 & 2024
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  • 5.2. AMI	
      		
    • 5.2.1. Global market from AMI, 2013 - 2024
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    • 5.2.2. Global market from AMI, by region, 2013 - 2024
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  • 5.3. AMR	
      		
    • 5.3.1. Global market from AMR, 2013 - 2024
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    • 5.3.2. Global market from AMR, by region, 2013 - 2024
      •

About Author

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid...

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