Global Residential Non-IC Card Gas Smart Meter Market by Type (Single Phase, Three Phase), By Application (Network Connections, Non-network Connections) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global residential non-IC card gas smart meter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy efficiency and the need for advanced metering infrastructure (AMI) in developed and developing countries. In addition, government initiatives such as smart city projects are also fueling the growth of this market. The global residential non-IC card gas smart meter market is segmented on the basis of type, application, and region. On the basis of type, it is divided into single phase and three phase meters. Single phase meters are more common than three phase meters due to their low installation cost and easy operability; however, three phase meters are more efficient in terms of power consumption as they provide balanced current flow among phases which helps reduce losses caused by unbalanced loads on singlephase systems. Based on application, it is classified into network connections and non-network connections segments.



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Product Definition:

A Residential Non-IC Card Gas Smart Meter is a device that measures and records natural gas consumption in a residence. This information can be used to track energy usage, identify leaks, and optimize heating and cooling systems.

Single Phase:

Single-phase electricity is the normal power supply that most of the countries use. It has a voltage range between 120V to 240V and it covers majority of the world’s population. The single-phase electricity meter measures consumption in kilowatt hours (KWh).

The growth factor for single phase meter market is growing at a significant rate due to its benefits such as low cost, easy installation, and better accuracy which makes it suitable for residential areas.

Three Phase:

Three phase is a type of electric supply where there are three voltage phases present, typically 120V, 230V and 240V. The main reason for the presence of three phases is to ensure that there's enough power for all the devices in your home such as air conditioners, coffee makers and others.

The residential non-IC card gas smart meter market has been witnessing an increasing adoption rate over the past few years owing to benefits such as accurate electricity consumption measurement.

Application Insights:

The network connections application segment dominated the global residential non-IC card gas smart meter market in 2017. This can be attributed to growing demand for high-speed internet services and increasing penetration of smart devices, which require low voltage direct current (VDC) metering systems. The non-network connections application segment is expected to witness significant growth over the forecast period owing to an increase in demand for energy audits among consumers as well as installation of meters at offsite locations such as hospitals and offices.

Non-network connections are connected directly to a building's electrical grid or local power distribution system without going through a commercial network provider's equipment. These meters measure electricity usage that occurs on an individual level, independent from any other device within the same household or across different households within an area covered by one main panel station.

Regional Analysis:

North America dominated the global residential non-IC card gas smart meter market in 2017. This can be attributed to the presence of a large number of networked devices, high adoption rate of smart meters and technological advancements associated with them. The region is expected to maintain its dominance over the forecast period as well owing to growing concerns regarding energy consumption and costs associated with electricity usage.

Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand for advanced energy management solutions in countries such as China, Japan, South Korea and India among others. Increasing awareness about renewable sources of energy generation along with government initiatives aimed at reducing carbon footprint are some other factors driving regional growth. Moreover, increasing penetration rates for electric vehicles are further expected fuel regional growth during future years.

Growth Factors:

Increasing demand for smart meters from residential sector
Favorable government policies and regulations for the deployment of smart meters
Rising awareness about the benefits of using smart meters among consumers
Growing investments in research and development activities for the advancement of smart meter technology
Proliferation of digital technologies that are helping to drive down the cost of deploying and operating smart meters


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Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Non-IC Card Gas Smart Meter Market Research Report
By Type
Single Phase, Three Phase
By Application
Network Connections, Non-network Connections
By Companies
Landis+Gyr, Itron, Siemens, Kamstrup, Elster Group, Nuri Telecom, Sagemcom, Iskraemeco, ZIV, Sanxing, Linyang Electronics, Wasion Group, Haixing Electrical, XJ Measurement & Control Meter, Chintim Instruments, Clou Electronics, Holley Metering, HND Electronics, Longi, Banner, Sunrise
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.

Global Residential Non-IC Card Gas Smart Meter Market Report Segments:
The global Residential Non-IC Card Gas Smart Meter market is segmented on the basis of:
Types
Single Phase, Three Phase
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
Network Connections, Non-network Connections
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:
Landis+Gyr
Itron
Siemens
Kamstrup
Elster Group
Nuri Telecom
Sagemcom
Iskraemeco
ZIV
Sanxing
Linyang Electronics
Wasion Group
Haixing Electrical
XJ Measurement & Control Meter
Chintim Instruments
Clou Electronics
Holley Metering
HND Electronics
Longi
Banner
Sunrise



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Highlights of The Residential Non-IC Card Gas Smart Meter 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:
Single Phase
Three Phase
By Application:
Network Connections
Non-network Connections
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 Residential Non-IC Card Gas Smart Meter 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
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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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

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