Enjoy complimentary customisation on priority with our Enterprise License!
The gas meter market size is expected to reach a value of USD 3.43 billion, at a CAGR of 8.53%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as smart meters enable efficient use of gas are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on the market growth.
To Unlock the Gas Meter Market Size for 2021 and Other Important Statistics Wait no Longer!
Complete the Payment and Get this Report Within a Minute!
From this Technavio report, get actionable insights on the gas meter market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by product (smart gas meter and basic gas meter) and geography (North America, Europe, APAC, MEA, and South America) in this gas meter market report to pursue growth opportunities.
Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic gas meter market predictions on consumer demand changes for 2021-2025.
Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The gas meter market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the gas meter market share during 2021-2025. The gas meter market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis. |
34% of the gas meter market growth will originate from North America during the forecast period. The US is the key market for gas meter market in North America. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.
To unlock infomation on emerging business opportunities across regions, Request for a FREE Sample!
North America has been exhibiting a significant growth rate for gas meter market vendors. Factors such as the increased production of natural gas are accelerating the gas meter market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.
The gas meter market share growth in North America will be slower than the growth of the market in regions such as APAC and MEA. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.
To gain further insights on the market contribution of various segments Request for a FREE Sample!
The gas meter market share growth by the smart gas meter segment will be significant during the forecast period. The smart gas meter segment is expected to grow rapidly during the forecast period as the end-users are increasingly preferring smart gas meters compared to basic gas meters. This report provides an accurate prediction of the contribution of all the segments to the growth of the gas meter market size.
From the gas meter market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.
While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding gas meter market growth is technological challenges. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.
Smart meters and smart energy meters prove extremely invaluable for the judicial use of gas, leading to financial savings. These devices help customers monitor and track their gas consumption patterns. Power utilities roll out and install these devices at residential, commercial, and industrial facilities that use natural gas. Smart meters have several advantages such as improved supervision of gas consumption and customized report generation. These benefits are gradually increasing the popularity of smart gas meters and it is expected to drive the gas meter market growth during the forecast period of 2021-2025. |
This gas meter market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.
Need a Customized Report? Get in touch
Buy the Gas Meter Market report now to reimage your business strategies!
Smart Gas Meters Market - The Market share is expected to increase by USD 1.97 billion from 2021 to 2026, at a CAGR of 7.95%.
Gas Meter Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 8.53% |
Market growth 2021-2025 |
USD 3.43 billion |
Market structure |
Fragmented |
YoY growth (%) |
10.97 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, Germany, China, Japan, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Die Diehl Stiftung and Co. KG, EDMI Ltd., Honeywell International Inc., Itron Inc., Landis+Gyr AG, Xylem Inc., and Zhejiang CHINT Electrics Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.