Published: May, 2016
Transparency Market Research (TMR) has announced the release of a new market study on the global smart gas market. The report analyzes the growth drivers and challenges of the market and their impact on the demand from the smart gas market during the forecast period from 2015 to 2023. The report is titled “Smart Gas Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023.” According to the report, the global smart gas market, which was worth US$0.9 bn in 2014, is anticipated to reach US$10.5 bn by 2023, expanding at a stupendous CAGR of 32.2% from 2015 to 2023.
Browse the full Smart Gas Market, by Technology (Meter Data Management (MDM), Supervisory Control and Data Acquisition (SCADA), Geographic Information System (GIS), and Others), and by End-user (Residential and Commercial & Industrial) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023 report at https://www.transparencymarketresearch.com/smart-gas-market.html
A smart gas meter is a device comprising flow control devices, communication modules, gas warning devices, data logging and measurement, software, and data monitoring. Smart gas meters enable communication between distributors, suppliers, and consumers, providing information on gas usage. The global smart gas meter market is driven by the need to reduce the carbon footprint and greenhouse gas emissions. The growing demand for reducing losses due to gas theft is driving the smart gas market across the globe. Smart gas meters are used in the commercial, industrial, and residential sectors to achieve energy security.
The global smart gas market is segmented on the basis of technology into meter data management systems, supervisory control and data acquisition, geographic information system, and others. Out of these, the meter data management systems segment accounted for a whopping 60% of the global smart gas market in 2014. On the basis of end user, the global smart gas market is segmented into residential, commercial, and industrial, out of which the residential segment accounted for a share of 75%. The domination of the residential sector is due to the presence of supportive incentive schemes offered for the installation of smart gas meters in residential buildings.
Geographically, the global smart gas market is segmented into Europe, Asia Pacific, South and Central America, North America, and the Middle East and Africa. North America held a share of 64% in the global smart gas market. Regulatory policies in Europe to reduce the carbon footprint have led to positive development of the smart gas market in the region. Asia Pacific ranked third in terms of market size in 2014. The Middle East and Africa have experienced sluggish growth in the last few years; South and Central America are also witnessing slow growth. However, it is expected that Brazil will roll out smart gas meters to prevent energy thefts in the future. The other economies in the region are expected to follow suit. Furthermore, France, Italy, and the U.K are projected to emerge as major markets for smart gas during the period from 2015 to 2023.
The report profiles some of the leading players operating in the smart gas market such as ABB Group, Badger Meter Inc., Capgemini S.A., Advanced MRF LLC, CGI Group Inc., Elster Group GmbH, Itron Inc., EnerNOC Inc., Comverge Inc., Cyan Technology Ltd., General Electric, Master Meter Inc., Pacific Gas & Electric Company, MOXA Inc., Quadlogic Meters Canada Inc. (QMC), Sensus Metering Systems Inc., Silver Spring Networks, Southern California Gas Company, SmartGAS Mikrosensorik GmbH, Spire Metering Technology, and Schneider Electric SE.
The global smart gas market is segmented as follows:
- Traditional Metering System
- Gas Warning Device
- AMI Communication Module
- Meter Data Management (MDM)
- Supervisory Control and Data Acquisition (SCADA)
- Geographic Information System (GIS)
- Commercial and Industrial
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South and Central America
- Rest of South and Central America
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