Global Gas Meter Market Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 Featuring Honeywell, Itron, Apator, Diehl Metering, & Sensus

5/28, 4:20 PM (Source: GlobeNewswire)

Dublin, May 28, 2019 (GLOBE NEWSWIRE) -- The "Gas Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global gas meter market was worth US$ 3.2 Billion in 2018. The market is further projected to reach a value of US$ 4.3 Billion by 2024, at a CAGR of 4.6% during the forecast period (2019-2024).

Gas meters refer to devices which measure and record the quantity of gas produced or consumed, regardless of the quality of the gas or pressurized quantity flowing. These meters are essential for ensuring adequate gas pressure from the main supply, keeping a track on the usage of gas and providing accurate bills. Nowadays, gas meters are available in different types and designs that provide unique benefits based on volumetric flow rate measurements.

Market Drivers:

Rapid industrialization has led to the increasing usage of natural gas in various emerging economies with large population pool, such as India and China. As the installation of gas meters helps in reducing the wastage of gas during transmission and distribution, the governments of these nations have encouraged their usage. On the other hand, governments across developed countries are ensuring that every household or small business is offered a smart meter.

For instance, the UK government has introduced the Smart Metering Programme which aims to provide 53 million smart gas meters to domestic and non-domestic properties in Great Britain by 2020 in order to provide consumers with real-time information on energy consumption. Apart from this, the leading gas meter companies are investing in R&D activities to develop innovative gas meters with the latest technology, such as meters with an in-home display (IHD) which shows how much energy is being utilized and how much it will cost in near-real-time.

Scope of the Report

Breakup by Type:

On the basis of the type, the market is segmented into basic and smart gas meters. Amongst these, basic gas meters represent the most popular type as they are used for the majority of the commercial and residential installations.

Breakup by Application:

Based on the application, the report finds that the residential sector dominates the market owing to the growing number of residential gas connections. Other major segments are commercial and industrial applications.

Regional Insights:

Region-wise, North America exhibits a clear dominance in the market on account of new pipeline projects and low fuel prices in the region. North America is followed by Europe and Asia Pacific. Other major regions include Latin America, and Middle East and Africa.

Competitive Landscape:

The market is characterized by the presence of various small and large manufacturers operating at both the local and regional levels who compete in terms of prices and quality.

Some of the key players operating in the market are:

  • Honeywell
  • Itron
  • Apator
  • Diehl Metering
  • Sensus

Key Questions Answered in This Report:

  • How has the global gas meter market performed so far and how will it perform in the coming years?
  • What are the key regions in the global gas meter market?
  • What are the popular types in the global gas meter market?
  • What are the key application segments in the global gas meter market?
  • What are the various stages in the value chain of the global gas meter market?
  • What are the key driving factors and challenges in the global gas meter market?
  • What is the structure of the global gas meter market and who are the key players?
  • What is the degree of competition in the global gas meter market?
  • How are gas meters manufactured?

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Gas Meter Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Marketing
5.8.6 Distribution
5.8.7 End-Use
5.9 Porters Five Forces Analysis

6 Market Breakup by Type
6.1 Basic
6.2 Smart

7 Market Breakup by Application
7.1 Residential
7.2 Commercial
7.3 Industrial

8 Market Breakup by Region
8.1 North America
8.2 Europe
8.3 Asia Pacific
8.4 Middle East and Africa
8.5 Latin America

9 Gas Meter Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors

10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players

  • Honeywell
  • Itron
  • Apator
  • Diehl Metering
  • Sensus

For more information about this report visit https://www.researchandmarkets.com/r/lip5uu

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Gas

22157.jpg

Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.