Smart Gas Meter Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Technology (Automated Meter Reading (AMR), Advanced Metering Infrastructure (AMI)); Type (Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter); Component (Hardware, Software); End-User (Residential, Commercial, Industrial); Region and Country

Published:

Jul-2021

Pages:

240

Table:

105

Figure:

126

Report ID:

UMEP21316

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Report Description
Table of content
Research Methodology

Report Description

Governments around the world are implementing policies to promote renewable energy sources and smart metering solutions to decrease and keep a track on overall energy consumption. Owing to increased government spending and digitalization of energy sector market for smart metering solutions including smart gas meter is expected to grow at a rapid pace in the coming few years. Data collected by smart gas meter is used to monitor the behavior of residential consumers. According to US EIA and European Union, continuous tracking of utility consumption by smart gas meters can expose other information about residential consumers, such as the use of household appliances and house-work activities. Furthermore, Smart gas meters can also be used as an infrastructure for mass surveillance. In August 2020, Apator SA’s subsidiary Apator Metrix SA and George Wilson Industries Ltd. Partnered with Flonidan A/S (Denmark) to supply gas meters for the UK market for the period 2020-2025. Further, in the same year, Landis+Gyr partnered with Hongkong Electric Co., Ltd. (HK Electric) to offer AMI to support Hong Kong’s transformation into a smart city. Under the contract the company would deploy Landis+Gyr’s Gridstream solution platform comprising Landis+Gyr smart meters, communications infrastructure, head-end system, and meter data management system.

Graphical Representation of Smart Gas Meter

Insights Presented in the Report

“Amongst technology, Automated Meter Reading (AMR) segment dominated the market in 2020.”

Based on technology the global smart meter market is bifurcated into Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). Currently, Automated Meter Reading (AMR) segment dominate the market and is expected to maintain its dominance during the forecast period.

“Amongst type, Smart Diaphragm Gas Meter segment dominated the market in 2020.”

Based on type the global smart meter market is segmented into Smart Ultrasonic Gas Meter and Smart Diaphragm Gas Meter. In 2020, Smart Diaphragm Gas Meter segment dominated the market. Demand for Smart Diaphragm Gas Meter is expected to increase to cater to the increasing demand for gas among residential and commercial sector and to provide gas supply with high reliability.

“Amongst Component, Hardware segment generated highest revenue in 2020.”

Based on component, the market is bifurcated into Hardware and software component. Hardware segment dominated the market in 2020. Increasing demand for precise gas meter is expected to drive the market. Furthermore, smart gas meter manufactures are focusing more on reducing the hardware component with high level of system integration and simplifying design, this would further accelerate the market growth.

“Amongst End-user, residential sector deployed maximum number of Smart Gas meter in 2020.”

Based on end-user the market is bifurcated into residential, commercial, and industrial end-users. Currently residential segment dominates the market and is expected to maintain its dominance during the analyzed period. Developing countries in the North America and European region are deploying smart gas meter on large scale in the households, this would further drive the market for residential smart gas meter.

“Asia-Pacific represents as the largest markets in the Global Smart Gas Meter Market.”

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, France, Netherlands, Spain, United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. Asia Pacific dominated the market in 2020, owing to large scale adoption and deployment of smart metering solutions in countries such as China, Japan, and India. Some of the major players operating in the market include Landis+Gyr, Itron, Honeywell International, Apator Group, Diehl Metering, Elster Group, Southern California, DTE Energy, American Gas Association, Badger Meter.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country level analysis of the industry

Customization Options:

The Global Smart Gas Meter Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
 1.2.Limitation
 1.3.Stake Holders
 1.4.Currency Used in Report
2.1.Research Methodology for the Global Smart Gas Meter Market
  2.1.1.Main Objective of the Global Smart Gas Meter Market
7.1.Automated Meter Reading (AMR)
 7.2.Advanced Metering Infrastructure (AMI)
8.1.Smart Ultrasonic Gas Meter
 8.2.Smart Diaphragm Gas Meter
9.1.Hardware
 9.2.Software
10.1.Residential
 10.2.Commercial
 10.3.Industrial
11.1.North America Smart Gas Meter Market 
  11.1.1.United States
  11.1.2.Canada
  11.1.3.Rest of North America
 11.2.Europe Smart Gas Meter Market 
  11.2.1.Germany
  11.2.2.United Kingdom 
  11.2.3.France
  11.2.4.Italy
  11.2.5.Spain
  11.2.6.Rest of Europe
 11.3.Asia Pacific Smart Gas Meter Market
  11.3.1.China
  11.3.2.Japan
  11.3.3.India
  11.3.4.South Korea
  11.3.5.Rest of Asia Pacific
 11.4.Rest of World Smart Gas Meter Market 
 12.1.Market Drivers
 12.2.Market Challenges
 12.3.Impact Analysis
16.1.Demand Side Analysis
 16.2.Supply Side Analysis
  16.2.1.Top Product Launches
  16.2.2.Top Business Partnerships
  16.2.3.Top Business Expansions, Investments and Divestitures
  16.2.4.Top Merger and Acquisitions
18.1.Porter’s Five Forces Analysis
  18.1.1.Bargaining power of Supplier
  18.1.2.Bargaining power of Buyer
  18.1.3.Industry Rivalry
  18.1.4.Availability of Substitute
  18.1.5.Threat of new Entrants
 18.2.Competitive Landscape
  18.2.1.Company Shares, By Revenue
19.1.Honeywell International
 19.2.Itron 
 19.3.Landis+Gyr 
 19.4.Apator Group
 19.5.Diehl Metering
 19.6.Elster Group
 19.7.Southern California
 19.8.DTE Energy
 19.9.American Gas Association
 19.10.Badger Meter
Accordion Content

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future of the Global Smart Gas Meter Market were the three major steps undertaken to create and analyze the adoption of Smart Metering solutions across various end-user sector globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global smart gas meter industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Smart Gas Meter through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Smart Gas Meter market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as technology, type, component, end-user. Further regional and country-level analyses were conducted to evaluate the overall adoption of the Smart Gas Meter globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Smart Gas Meter. Further, we conducted factor analysis using dependent and independent variables such as growth of penetration of Smart Metering solutions across different end-users, digitalizing of power sector etc. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the Smart Gas Meter industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Smart Gas Meter market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Smart Gas Meter across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Smart Gas Meter market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Global Smart Gas Meter market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of technology, type, component, end-user.

The main objective of the Smart Gas Meter Market Study

The current & future market trends of Global Smart Gas Meter were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Smart Gas Meter in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of technology, type, component, and end-user
  • Defined analysis of the regulatory framework for the Smart Gas Meter industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Smart Gas Meter for the major countries
  • Major regions/countries analyzed in the report includes North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Netherlands, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World
  • Company profiles of the Smart Gas Meter market players and the growth strategies adopted by them to sustain in the fast-growing market
  • Deep dive country level analysis of the industry