Market Overview:
The global electronic gas savers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient devices and the rising awareness about environmental conservation. Based on type, the global electronic gas savers market can be segmented into charging and battery types. The charging type is further sub-segmented into plug-in chargers and solar chargers. The battery type is further sub-segmented into lead acid batteries, nickel metal hydride batteries, lithium ion batteries, and others (such as zinc air cells). Among these segments, the lead acid battery segment is expected to hold a major share of the global electronic gas savers market during the forecast period owing to its low cost and high efficiency. Based on application, the global electronic gas savers market can be segmented into hospitals, clinics, households/individuals use cases (including small businesses), automotive sector (including buses), railways sector (including locomotives), shipping sector (including boats/ships) and other sectors such as military & defense applications or data centers etc.).
Product Definition:
Electronic Gas Savers are devices that save gasoline by reducing the amount of fuel used by the engine. Electronic Gas Savers are important because they help reduce emissions and save money on gas.
Charging:
The global charging, it's usage and growth factor in the Electronic Gas Savers market is expected to grow at a significant rate over the forecast period. The factors that propel its growth include increasing demand for energy saving solutions, growing environmental concerns coupled with government initiatives towards creating awareness among consumers regarding eco-friendly products. Additionally, technological advancements leading to development of smart grid technology are also anticipated to fuel market growth over the forecast period.
Battery:
Battery is an energy storage device used in electronic gas savers. It helps to store electrical energy produced from the charging of a battery to when the power is needed it can deliver it back to the source. The most commonly used batteries are lithium-ion and nickel-based batteries, which are widely utilized in portable devices such as smartphones and tablets, electric vehicles, laptops/netbooks and other consumer electronics.
Application Insights:
The other application segment includes commercial and residential applications. The other segment dominated the global market in terms of revenue in 2017, owing to increasing demand for gas savers from residential consumers. Increasing awareness regarding energy efficiency is driving consumers to opt for electronic gas savers over conventional models, which are primarily used at home.
The hospital application segment is expected to witness significant growth over the forecast period due to rising investments by governments across various countries in healthcare infrastructure development and maintenance as well as increasing spending on medical devices and equipment procurement. This has led hospitals & clinics worldwide towards purchasing these products with an aim of reducing fuel expenditure without compromising on service quality or safety standards required by patients during medical procedures or treatments at hospitals & clinics.
Regional Analysis:
North America dominated the global electronic gas savers market in 2017. The region is expected to maintain its position during the forecast period. North America has a large number of clinics and hospitals that use medical gases for various surgical procedures, thereby driving the demand for electronic gas savers in this region.
Asia Pacific is expected to be one of the fastest growing regions over the next eight years owing to rising healthcare expenditure and improving healthcare infrastructure across emerging economies such as India and China.
Moreover, government initiatives promoting better health outcomes at lower costs are further anticipated to propel growth across this region over coming years.
Growth Factors:
- Increasing demand for energy-efficient products: The global market for electronic gas savers is expected to grow at a CAGR of more than 9% during the forecast period. This can be attributed to the increasing demand for energy-efficient products across the world.
- Rising awareness about energy conservation: There is a growing awareness among consumers about the importance of conserving energy and its impact on environment and economy. This is driving them to adopt electronic gas savers, which help in saving fuel and reducing greenhouse gas emissions.
- Technological advancements: Electronic gas savers are becoming more efficient with each passing day with technological advancements such as introduction of smart sensors, microcontrollers, etc., which are helping in better fuel management and reduced wastage of fuel.
- Government initiatives & regulations supporting energy conservation: Governments around the world are taking various initiatives to promote energy conservation through policies and regulations that support use of electronic gas savers . For instance, In India, Bureau of Energy Efficiency (BEE) has set standards for different types of appliances including air conditioners, refrigerators etc., mandating their manufacturers to install electronic Gas Savers in these appliances so as to reduce their power consumption . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Gas Savers Market Research Report
By Type
Charging, Battery
By Application
Hospital, Clinic, Other
By Companies
Invacare, Colfax, Chad Therapeutics, Drive Medical, Krober Medizintechnik, Tri-Med,Inc., Hersill, Aeromedix, Compass Health Brands
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Gas Savers Market Report Segments:
The global Electronic Gas Savers market is segmented on the basis of:
Types
Charging, Battery
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Invacare
- Colfax
- Chad Therapeutics
- Drive Medical
- Krober Medizintechnik
- Tri-Med,Inc.
- Hersill
- Aeromedix
- Compass Health Brands
Highlights of The Electronic Gas Savers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Charging
- Battery
- By Application:
- Hospital
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Gas Savers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electronic gas savers are a type of electronic device that helps you save money on your natural gas bill. They work by detecting when you're using your stove or oven, and then automatically turning off the gas when the appliance is not in use. This can help you avoid wasting energy and money on unnecessary bills.
Some of the major players in the electronic gas savers market are Invacare, Colfax, Chad Therapeutics, Drive Medical, Krober Medizintechnik, Tri-Med,Inc., Hersill, Aeromedix, Compass Health Brands.
The electronic gas savers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Gas Savers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Gas Savers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Gas Savers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Gas Savers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Gas Savers Market Size & Forecast, 2020-2028
4.5.1 Electronic Gas Savers Market Size and Y-o-Y Growth
4.5.2 Electronic Gas Savers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Charging
5.2.2 Battery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Gas Savers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Gas Savers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Charging
9.6.2 Battery
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Charging
10.6.2 Battery
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Charging
11.6.2 Battery
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Charging
12.6.2 Battery
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Charging
13.6.2 Battery
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Gas Savers Market: Competitive Dashboard
14.2 Global Electronic Gas Savers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Invacare
14.3.2 Colfax
14.3.3 Chad Therapeutics
14.3.4 Drive Medical
14.3.5 Krober Medizintechnik
14.3.6 Tri-Med,Inc.
14.3.7 Hersill
14.3.8 Aeromedix
14.3.9 Compass Health Brands
