Dublin, Oct. 05, 2023 (GLOBE NEWSWIRE) -- The "Smart Gas Meters - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global Smart Gas Meters market, valued at US$6.3 billion in 2022, is projected to expand significantly, reaching a size of US$10.4 billion by 2030.
This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 6.6% during the analysis period from 2022 to 2030. Specifically, the Automatic Meter Reading (AMR) segment is projected to record a CAGR of 5.7%, reaching US$7.1 billion by the end of the analysis period. Meanwhile, the Advanced Meter Infrastructure (AMI) segment is estimated to experience robust growth at 8.8% CAGR over the next eight years.
In the ever-evolving global business landscape, keeping up with industry trends and gaining insights into market dynamics has never been more crucial. The Smart Gas Meters industry within the energy sector is experiencing rapid proliferation worldwide. To navigate and succeed in this dynamic environment, our Smart Gas Meters Market Research Report serves as an indispensable tool, providing comprehensive insights into market dynamics, competitive landscapes, challenges, and opportunities.
Our report unveils a market poised for robust growth in key regions including the United States, China, Japan, Canada, and Germany. It offers in-depth analysis of both Advanced Meter Infrastructure (AMI) and Automatic Meter Reading (AMR), revealing strategic, granular data. Additionally, we present corporate profiles of 75 key industry players, offering invaluable insights for strategic decision-making. Backed by reliable statistics, this market research report provides a comprehensive outlook on the future growth of the Smart Gas Meters Market. It's time to stay ahead of the curve with our Smart Gas Meters Market Research report.
Key Market Players (Total 75 Featured):
- ABB Ltd.
- Accenture PLC
- Atos SE
- Capgemini SE
- CGI, Inc.
- Badger Meter, Inc.
- Arqiva Ltd.
- Aclara Technologies LLC
- Apator SA (Apator Group)
- Advanced Electronics Company
- AddGroup
- CAS Tecnologia
- Chongqing Shancheng Gas Equipment Co., Ltd.
- China Minsen Meter Co., Ltd.
- Aichi Tokei Denki Co., Ltd.
Economic Outlook:
The global economic outlook is on a path to improvement, with cautious optimism for the coming years. The United States, despite experiencing slowing GDP growth due to tight monetary and financial conditions, has successfully overcome recession threats. In the Euro area, easing headline inflation is contributing to increased real incomes and economic activity.
China is expected to witness substantial GDP growth in the near future as the pandemic threat diminishes, and the government revises its zero-COVID policy. India remains on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.
However, challenges persist, including uncertainty surrounding the war in Ukraine, slower-than-expected global inflation decline, and ongoing food and fuel inflation in developing nations. High retail inflation continues to impact consumer confidence and spending.
Governments are addressing these challenges, which is boosting market sentiments. As governments work to combat inflation by raising interest rates, new job creation may slow down and impact economic activity. The regulatory landscape is evolving, with increasing pressure to incorporate climate change considerations into economic decisions.
Despite potential challenges to corporate investments due to inflation concerns and weaker demand, the rise of new technologies offers opportunities. Technologies such as generative AI, applied AI, machine learning, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies beyond electrification and renewables have the potential to drive substantial incremental growth and value to global GDP in the coming years.
In this mixed economic environment, businesses that exhibit resilience and adaptability will find opportunities amid challenges, positioning themselves for future success.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 Pandemic on Smart Meters Market
- Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
- World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- Smart Gas Solutions: Enabling Intelligent Metering, Monitoring, Measuring and Control of Gas
- Smart Gas Meters: Gateway to the Digital Transformation of Utilities
- A Note on Communication Infrastructure for Smart Gas Networks
- Global Market Prospects & Outlook
- AMR Meters Continue to be Major Device Type, AMI Meters Exhibit Fast Paced Growth
- While Developed Regions Remain Primary Revenue Contributors, Developing Regions Hold Strong Growth Potential
- Global Smart Gas Meters Market by Region: Percentage Breakdown of Revenues for Developed and Developing Regions (2020 & 2027)
- Global Market for Smart Gas Meters - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027
- Competitive Landscape
- American & European Vendors Dominate the Market
- Asian Enterprises Aim to Widen Market Footprint
- Novel Strategies Take Center Stage amid Escalating Competition
- Analytics: New Revenue Source for Software Vendors
- World Gas Meters Market: Market Share Findings
- Gas Meters Competitor Market Share Scenario Worldwide (in %): 2020
- World Brands
- Recent Market Activity
- Smart Gas Meters - Global Key Competitors Percentage Market Share in 2022 (E)
- Smart Gas Competitor Market Share Scenario Worldwide (in %): 2018 & 2025
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Laying Strong Foundation for the Digital Transformation of Gas Infrastructure, Smart Gas Metering Solutions Seek to Revolutionize Gas Utility Operations
- Growing Relevancy of Smart Metering Solutions in Modern Gas Utility: An Overview
- Utility Modernization & Upgrade Programs Create Highly Conducive Environment for Smart Gas Market
- Demographic Dynamics Spur Energy Demand & Need for Reliable Gas Infrastructure, Creating Opportunities for Smart Gas Technologies
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- A Note on Energy Demand Patterns
- Projected Global Demand for Electricity (TWh): 2015, 2020, 2025, 2030 & 2035
- Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
- Global Primary Energy Consumption (Billion toe) by End-Use Sector (1995, 2017 and 2040)
- Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
- Urbanization Trend Instigates the Need for Modern Gas Utility Network
- World Urban Population in Thousands: 1950-2050
- Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
- Smart City, the New Urban Infrastructure Concept, to Fuel Next Wave of Growth
- Global Market for Smart City Technologies in US$ Million for the Years 2019 and 2025
- Emergence of Natural Gas as Reliable Energy Source & Parallel Increase in Gas Infrastructure Investments Creates Fertile Environment
- Global Energy Production: Percentage Share Breakdown of Production Volume by Energy Source for Years 1990, 2015 & 2035
- Global Energy Consumption: Percentage Share Breakdown of Consumption Volume by Energy Source for the Years 1990, 2015 & 2035
- Global Natural Gas Production: Percentage Share Breakdown of Production Volume by Region/Country for Years 1990, 2015 & 2035
- Global Natural Gas Consumption: Percentage Share Breakdown of Consumption Volume by Region/Country for Years 1990, 2015 & 2035
- Offering Myriad Benefits, Natural Gas Withstands Competition from Renewable Energy Sources
- Evolving Image of Shale Gas as a Viable Energy Source Bodes Well for the Market
- Technically Recoverable Shale Gas (In Trillion Cubic Feet) by Geographic Region
- Surging Demand for Fuel Gas Steers Market Penetration
- Global Natural Gas Reserves (in % Volume) by Geographic Region
- Residential Vertical Remains the Dominant Segment for Consumer-Grade Smart Gas Solutions
- Growing Consumer Spending on Smart Home Technologies Favors Growth
- Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
- Smart Gas Solutions Gain Traction in Commercial & Industrial End-Use Domains
- Need to Improve Functionality & Efficiency Paves Way for Wider Uptake of Utility Automation & Control Solutions
- SCADA Systems
- Real-Time Data
- Big Data and IoT: Next Frontiers for Smart Gas
- Smart Gas Technologies Emphasize IIoT Ecosystem in Gas Utility
- World Big Data Market: Breakdown of Annual Revenues (in US$ Billion) for Years 2015, 2019 & 2025
- Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
- Cloud-based Software Solutions: Next Big Thing in Gas Networks
- On-Premises Vs. Cloud-based Software: A Cost Comparison Analysis
- Wireless Communication Systems Gain Traction in Smart Gas Networks
- Regulations & Standards Instigate New Demand for Smart Gas Infrastructure Solutions
- Regulators and Utilities Address Consumer Concerns about Smart Gas Solutions
- Resolving Prevailing Challenges: Critical for Future Success of the Market
- High Deployment Costs
- Lack of Unified Standards & Interoperability Issues
- Privacy & Data Security Concerns
- Declining Natural Gas Prices & Lack of Incentives
- Improving Battery Lifetime: Need of the Hour
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/js5b9z
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
