Market Overview:
The global household smart gas meters market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and smart devices, rising concerns over energy wastage, and growing investments in smart city projects. The global household smart gas meters market is segmented on the basis of type into automated meter reading (AMR) and automated meter information (AMI). AMI is expected to grow at a higher CAGR than AMR during the forecast period owing to its advantages such as two-way communication, remote monitoring & control, and data analytics. On the basis of application, the global household smart gas meters market is segmented into households and apartments/commercial buildings. Households are expected to account for a larger share of the market than apartments/commercial buildings during the forecast period owing to their higher adoption rate across regions.
Product Definition:
A household smart gas meter is a digital device that records the amount of natural gas used by a household. It replaces the traditional mechanical gas meter. The data collected by the smart gas meter can be transmitted to a central database and used to calculate monthly bills, track energy use patterns, and identify potential leaks in the natural gas distribution system.
AMR:
AMR, or advanced metering receptor is a technology that enables utilities to manage smart gas meters. It helps in reducing the number of manual readings and hence reduces the error margins. AMR also helps in providing better customer care by allowing customers to read their own meter remotely using an app provided by the utility company.
The global household smart gas meters market was valued at USD 2,75 billion in 2016.
AMI:
AMI (Advanced Metering Infrastructure) is a network of smart gas meters that allow utilities and consumers to manage energy efficiently. It provides benefits such as reduced cost, improved customer service, and greater participation in the value chain. The AMI enables utilities to reduce their carbon footprint by reducing leakages & losses caused due to meter tampering or theft.
Application Insights:
The household application segment accounted for the largest revenue share of over 60% in 2017. The growing need to conserve energy and reduce carbon footprint is driving the adoption of smart gas meters across households. Furthermore, a number of government initiatives such as ¢â‚¬Å“Empowering Consumers¢â‚¬ are promoting the installation of these meters in households. The apartment application segment is expected to witness significant growth over the forecast period owing to rising awareness among consumers regarding saving energy and reducing electricity bills.
Increasing investments by developers & owners in developing high rise buildings are resulting in an increased demand for natural gas systems that can cater to multiple floors with no service drop between them, which is anticipated drive market growth over next few years. In addition, increasing number of high rise building projects across various regions coupled with stringent regulations pertaining to green buildings will further propel industry expansion during this period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness about household smart gas metering and growing investments in infrastructure development. For instance, China is planning extensive changes in its energy sector by investing around USD X billion per year from 2017 to 2020 in order to improve its power generation capacity. Such investments are anticipated to boost demand for household smart gas meters across the region over the forecast period.
North America accounted for a significant share of global revenue owing to early adoption of technologies such as wireless connectivity and digital data transmission systems among others, which have significantly contributed towards market growth since their introduction few years ago.
Growth Factors:
- Increasing demand for smart gas meters from residential and commercial sectors due to the benefits offered by these meters such as accurate billing, leak detection, and remote meter reading.
- Favorable government regulations and initiatives for the adoption of smart gas meters across various countries. For instance, in 2015, the U.S. Department of Energy announced a new program called "Gas Meter Challenge" to promote the deployment of advanced metering infrastructure (AMI) including smart gas meters among utilities across the country.
- Rising investments by key players in R&D activities to develop innovative technologies and products that can offer better performance and value proposition to consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Smart Gas Meters Market Research Report
By Type
AMR, AMI
By Application
House, Apartment
By Companies
Elster Group GmbH, Itron, Landis+Gyr, Goldcard, Sensus, MeterSit, Flonidan, ZENNER, Viewshine, Apator Group, Diehl Metering, Innover, EDMI, Suntront Tech, SHANXI AEROSPACE POWER
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Household Smart Gas Meters Market Report Segments:
The global Household Smart Gas Meters market is segmented on the basis of:
Types
AMR, AMI
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
House, Apartment
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:
- Elster Group GmbH
- Itron
- Landis+Gyr
- Goldcard
- Sensus
- MeterSit
- Flonidan
- ZENNER
- Viewshine
- Apator Group
- Diehl Metering
- Innover
- EDMI
- Suntront Tech
- SHANXI AEROSPACE POWER
Highlights of The Household Smart Gas Meters 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:
- AMR
- AMI
- By Application:
- House
- Apartment
- 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 Household Smart Gas Meters 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.
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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?
A household smart gas meter is a type of electronic meter that can be installed in a home to measure the amount of natural gas used. The meter sends data wirelessly to a remote monitoring station, which can provide information about how much gas was used, when it was used, and how much money was saved on energy bills.
Some of the major companies in the household smart gas meters market are Elster Group GmbH, Itron, Landis+Gyr, Goldcard, Sensus, MeterSit, Flonidan, ZENNER, Viewshine, Apator Group, Diehl Metering, Innover, EDMI, Suntront Tech, SHANXI AEROSPACE POWER.
The household smart gas meters market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Household Smart Gas Meters 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 Household Smart Gas Meters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Household Smart Gas Meters 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 Household Smart Gas Meters 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 Household Smart Gas Meters Market Size & Forecast, 2018-2028
4.5.1 Household Smart Gas Meters Market Size and Y-o-Y Growth
4.5.2 Household Smart Gas Meters Market Absolute $ Opportunity
Chapter 5 Global Household Smart Gas Meters 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 Household Smart Gas Meters Market Size Forecast by Type
5.2.1 AMR
5.2.2 AMI
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Household Smart Gas Meters 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 Household Smart Gas Meters Market Size Forecast by Applications
6.2.1 House
6.2.2 Apartment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Household Smart Gas Meters 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 Household Smart Gas Meters 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 Household Smart Gas Meters Analysis and Forecast
9.1 Introduction
9.2 North America Household Smart Gas Meters 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 Household Smart Gas Meters Market Size Forecast by Type
9.6.1 AMR
9.6.2 AMI
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 Household Smart Gas Meters Market Size Forecast by Applications
9.10.1 House
9.10.2 Apartment
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 Household Smart Gas Meters Analysis and Forecast
10.1 Introduction
10.2 Europe Household Smart Gas Meters 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 Household Smart Gas Meters Market Size Forecast by Type
10.6.1 AMR
10.6.2 AMI
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 Household Smart Gas Meters Market Size Forecast by Applications
10.10.1 House
10.10.2 Apartment
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 Household Smart Gas Meters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Household Smart Gas Meters 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 Household Smart Gas Meters Market Size Forecast by Type
11.6.1 AMR
11.6.2 AMI
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 Household Smart Gas Meters Market Size Forecast by Applications
11.10.1 House
11.10.2 Apartment
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 Household Smart Gas Meters Analysis and Forecast
12.1 Introduction
12.2 Latin America Household Smart Gas Meters 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 Household Smart Gas Meters Market Size Forecast by Type
12.6.1 AMR
12.6.2 AMI
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 Household Smart Gas Meters Market Size Forecast by Applications
12.10.1 House
12.10.2 Apartment
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) Household Smart Gas Meters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Household Smart Gas Meters 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) Household Smart Gas Meters Market Size Forecast by Type
13.6.1 AMR
13.6.2 AMI
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) Household Smart Gas Meters Market Size Forecast by Applications
13.10.1 House
13.10.2 Apartment
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 Household Smart Gas Meters Market: Competitive Dashboard
14.2 Global Household Smart Gas Meters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Elster Group GmbH
14.3.2 Itron
14.3.3 Landis+Gyr
14.3.4 Goldcard
14.3.5 Sensus
14.3.6 MeterSit
14.3.7 Flonidan
14.3.8 ZENNER
14.3.9 Viewshine
14.3.10 Apator Group
14.3.11 Diehl Metering
14.3.12 Innover
14.3.13 EDMI
14.3.14 Suntront Tech
14.3.15 SHANXI AEROSPACE POWER
