Smart Gas Market by Device and Geography - Forecast and Analysis 2022-2026

The smart gas market share is expected to increase by USD 19.25 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.22%.

This smart gas market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart gas market segmentations by device (automatic meter reading (AMR) and advanced meter infrastructure (AMI)) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The smart gas market report also offers information on several market vendors, including AEM SA, AICHI TOKEI DENKI CO.LTD., Apator SA, Badger Meter Inc., CGI Inc., Chongqing Shancheng Gas Equipment Co. Ltd., CyanConnode Holdings plc, Diehl Stiftung and Co.KG, DTE Energy, EDMI Ltd., Flonidan AS, Holley Technology Ltd., Honeywell International Inc., Hubbell Inc., KROHNE Messtechnik GmbH, Landis Gyr AG, Neptune Technology Group Inc., Osaki Electric Co. Ltd., Pietro Fiorentini Spa, PowerCom Ltd., RMG Messtechnik GmbH, Sagemcom, Wasion Holdings Ltd., Xylem Inc., Yazaki Corp., and ZENNER INTERNATIONAL GMBH and CO.KG among others.

What will the Smart Gas Market Size be During the Forecast Period?

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Smart Gas Market: Key Drivers, Trends, and Challenges

The government regulations and initiatives is notably driving the smart gas market growth, although factors such as infrastructural and standardization challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart gas industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Gas Market Driver

Government regulations and initiatives is one of the key drivers supporting the smart gas market growth. Gas installations aid in the reduction of gas waste in a variety of end-user segments. As a result, governments encourage and regulate the adoption of energy-saving systems. Over the last decade, the EU has been encouraging end-users to adopt energy-saving processes. Section 17 of the Gas Act of 1986 and accompanying laws in the form of Statutory Instruments govern the usage of gas meters in European countries. Governments of other major countries, particularly those in developing economies, are also anticipating stepping in and passing legislation promoting energy efficiency by end of 2026. As a result of the implementation of regulatory regulations requiring the use of smart gas, the market is expected to grow significantly during the projected period.

Key Smart Gas Market Trend

The development of smart cities is one of the key smart gas market trends that is contributing to market growth. For instance, the European Innovation Partnership on Smart Cities and Communities, which is backed by the European Commission, is an important market-changing initiative that brings together cities, small and medium-sized businesses, investors, industries, researchers, and other smart city actors. This cooperation intends to bring together partners and create a European smart city market, making European cities the most liveable across the world while implementing the EU's Urban Agenda. Therefore, initiatives implemented by governments across the world to promote the development of smart cities are likely to increase the demand for smart gas meters, which, in turn, will drive the growth of the global smart gas market during the forecast period.

Key Smart Gas Market Challenge

Infrastructural and standardization challenges are some of the factors hindering the smart gas market growth. The lack of standardization of smart gas technology is one of the barriers to market growth. Smart gas vendors have often chosen proprietary protocol standards for relaying metering data over the network due to the lack of an open standard. As new smart gas solutions must be compatible with existing monitoring systems, incompatibility could lead to vendor and communication protocol lock-in. Moreover, clients are not completely aware of the technology, increasing lock-in issues as the market falls in the early stages of the technology adoption cycle. This factor will impact moderate obstruction in market growth during the forecast period.

This smart gas market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart gas market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart gas market during the forecast period.

Who are the Major Smart Gas Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AEM SA
• AICHI TOKEI DENKI CO.LTD.
• Apator SA
• Badger Meter Inc.
• CGI Inc.
• Chongqing Shancheng Gas Equipment Co. Ltd.
• CyanConnode Holdings plc
• Diehl Stiftung and Co.KG
• DTE Energy
• EDMI Ltd.
• Flonidan AS
• Holley Technology Ltd.
• Honeywell International Inc.
• Hubbell Inc.
• KROHNE Messtechnik GmbH
• Landis Gyr AG
• Neptune Technology Group Inc.
• Osaki Electric Co. Ltd.
• Pietro Fiorentini Spa
• PowerCom Ltd.
• RMG Messtechnik GmbH
• Sagemcom
• Wasion Holdings Ltd.
• Xylem Inc.
• Yazaki Corp.
• ZENNER INTERNATIONAL GMBH and CO.KG

 

This statistical study of the smart gas market encompasses successful business strategies deployed by the key vendors. The smart gas market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Badgermeter.com - The company is involved in offering a wide range of smart gas meters such as M2000 electromagnetic flow meter, M3000 electromagnetic flow meter among others that regulate the flow of gases during every phase of exploration, production and transportation in upstream oil and gas operations.
• M.sanc.cn - The company is involved in offering IC card prepaid diaphragm gas meter which has a prepayment function and sells gas to the consumer by IC card through the computer management system.
• Cyanconnode.com - The company is involved in offering smart gas and water metering system which provides secure bi-directional communication with excellent range and penetration that regulate the flow of gases and water very minutely.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart gas market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Gas Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart gas market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Gas Market?

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32% of the market's growth will originate from Europe during the forecast period. Germany and the UK are the key markets for the smart gas market in Europe. Market growth in this region will be faster than the growth of the market in North America and South America.

The growing number of new dwelling units in the country will facilitate the smart gas market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the smart gas market in North America witnessed slow growth due to the outbreak of COVID-19. However, the decline in the number of COVID-19 cases has led to the resumption of industrial activities, which has increased the demand for smart gas. Such factors will fuel the demand for smart gas in North America during the forecast period and thereby driving the market growth.

What are the Revenue-generating Device Segments in the Smart Gas Market?

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The smart gas market share growth by the automatic meter reading (AMR) segment will be significant during the forecast period. Some AMR devices can log meter events and gather interval data. After then, the logged data can be used to collect or control time-of-use or rate-of-use statistics, which can be utilized for various purposes. They include consumption profiling time-of-use billing demand forecasting, remote shutoff, and others. As a result of these advantages, gas utilities have begun to use AMR systems for gas management. Thus, the advantages of AMR over conventional gas meters are driving the growth of the AMR sector, which is expected to positively impact the growth of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart gas market size and actionable market insights on post COVID-19 impact on each segment.

 

Smart Gas Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 15.22%
Market growth 2022-2026	$ 19.25 billion
Market structure	Fragmented
YoY growth (%)	14.46
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	Europe at 32%
Key consumer countries	US, Japan, China, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AEM SA, AICHI TOKEI DENKI CO.LTD., Apator SA, Badger Meter Inc., CGI Inc., Chongqing Shancheng Gas Equipment Co. Ltd., CyanConnode Holdings plc, Diehl Stiftung and Co.KG, DTE Energy, EDMI Ltd., Flonidan AS, Holley Technology Ltd., Honeywell International Inc., Hubbell Inc., KROHNE Messtechnik GmbH, Landis Gyr AG, Neptune Technology Group Inc., Osaki Electric Co. Ltd., Pietro Fiorentini Spa, PowerCom Ltd., RMG Messtechnik GmbH, Sagemcom, Wasion Holdings Ltd., Xylem Inc., Yazaki Corp., and ZENNER INTERNATIONAL GMBH and CO.KG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis 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.

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What are the Key Data Covered in this Smart Gas Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive smart gas market growth during the next five years
• Precise estimation of the smart gas market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the smart gas industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of smart gas market vendors

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