Market Overview:
The global residential single phase gas smart meter 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 advanced metering infrastructure (AMI) across the globe. Additionally, government initiatives for smart grid deployments are also fueling the growth of this market. Based on type, the IC card segment is expected to hold a larger share of the global residential single phase gas smart meter market during the forecast period. This can be attributed to their high adoption rates in developed countries and growing demand for advanced metering infrastructure (AMI). However, non-IC card type meters are also witnessing high adoption rates in developing countries owing to their low cost and easy installation process. Based on application, network connections are expected to account for a larger share of the global residential single phase gas smart meter market duringthe forecast period.
Product Definition:
A Residential Single Phase Gas Smart Meter is a digital meter that records the amount of natural gas used by a household. It transmits this data to the utility company for billing and tracking purposes. A Residential Single Phase Gas Smart Meter is important because it allows customers to track their gas usage, which can help them save money on their monthly bills.
IC Card:
An IC card is a smart, digital card that stores information related to utility payments and can be used for making secure transactions over the internet. The global increase in energy consumption has led to an increased focus on efficient and effective usage of energy resources. Smart meters are one such innovation, which helps consumers monitor their daily energy consumption patterns and make better decisions regarding conservation measures.
Non-IC Card:
Non-IC card is a smart device that works on the radio frequency identification technology. It is an electronic device which serves as a means of identifying and classifying utility meters for usage in energy management applications. The major function performed by these devices includes measuring electricity consumption and enabling users to view, manage, and control their energy consumption efficiently.
Application Insights:
The network connections segment dominated the global residential single phase gas smart meter market in 2017. This can be attributed to growing demand for advanced communication systems and increasing penetration of gas networks across the globe. The non-network connections segment is expected to witness significant growth over the forecast period owing to rising demand for GAS meters from commercial sectors such as shopping malls, hospitals, hotels and restaurants etc. These meters are used for billing purposes only; hence there is no need for a constant connection with energy suppliers or transmission companies etc., which will result in reduced usage of wireless devices over the coming years.
Gas supply system managers usually prefer wired solutions due to higher security requirements and lower operational costs compared with wireless alternatives. Furthermore, these wired solutions offer enhanced control capabilities that help reduce risks associated with potential power outages or other interruptions during peak hours of usage (i.e.; late night & early morning hours).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing penetration of electricity and gas meters, coupled with rising awareness about smart grid technology in countries such as China and India. In addition, growing investments by governments for improving energy infrastructure is anticipated to drive demand for residential single phase gas smart meters in this region. For instance, according to a white paper published by Energy Information Administration (EIA), U.S., between 2014-2019, Asia Pacific was estimated to account for a share of nearly 30% of global investment in energy infrastructure projects that involve installation of new or upgraded distribution lines or substations or both for delivering power from central generation plants through various distribution grids operated by state utility companies such as Power Grid Corporation Of India Limited (PGCIL) and Mahanagar Telephone Company Limited (MTNL).
Growth Factors:
- Increasing demand for gas-fired appliances: The global market for gas-fired appliances is expected to grow at a CAGR of more than 5% from 2016 to 2020. This will lead to an increase in the demand for residential single phase gas smart meters, as they are essential for accurate billing and monitoring of gas usage.
- Government initiatives supporting smart grid deployments: Governments around the world are promoting the deployment of smart grids, as this can help reduce energy consumption and greenhouse gas emissions. For instance, the US Department of Energy has set a target to deploy 1 million residential smart meters by 2020 under its Smart Grid Investment Grant Program.
- Rapid urbanization and growing population: The world's population is growing rapidly and is projected to reach 9 billion by 2050. This will result in an increase in the number of households, which will drive demand for residential single phase gas smart meters.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Single Phase Gas Smart Meter Market Research Report
By Type
IC Card, Non-IC Card
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Residential Single Phase Gas Smart Meter Market Report Segments:
The global Residential Single Phase Gas Smart Meter market is segmented on the basis of:
Types
IC Card, Non-IC Card
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
Highlights of The Residential Single Phase 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:
- IC Card
- Non-IC Card
- 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 Single Phase 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.
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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 Residential Single Phase Gas Smart Meter is a meter that measures and records the amount of gas used in a home. It can also provide information about energy use patterns, saving you money on your utility bills.
Some of the key players operating in the residential single phase gas smart meter market 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.
The residential single phase gas smart meter market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter Market Size & Forecast, 2018-2028
4.5.1 Residential Single Phase Gas Smart Meter Market Size and Y-o-Y Growth
4.5.2 Residential Single Phase Gas Smart Meter Market Absolute $ Opportunity
Chapter 5 Global Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter Market Size Forecast by Type
5.2.1 IC Card
5.2.2 Non-IC Card
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter Market Size Forecast by Applications
6.2.1 Network Connections
6.2.2 Non-network Connections
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter Analysis and Forecast
9.1 Introduction
9.2 North America Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter Market Size Forecast by Type
9.6.1 IC Card
9.6.2 Non-IC Card
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 Residential Single Phase Gas Smart Meter Market Size Forecast by Applications
9.10.1 Network Connections
9.10.2 Non-network Connections
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 Residential Single Phase Gas Smart Meter Analysis and Forecast
10.1 Introduction
10.2 Europe Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter Market Size Forecast by Type
10.6.1 IC Card
10.6.2 Non-IC Card
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 Residential Single Phase Gas Smart Meter Market Size Forecast by Applications
10.10.1 Network Connections
10.10.2 Non-network Connections
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 Residential Single Phase Gas Smart Meter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter Market Size Forecast by Type
11.6.1 IC Card
11.6.2 Non-IC Card
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 Residential Single Phase Gas Smart Meter Market Size Forecast by Applications
11.10.1 Network Connections
11.10.2 Non-network Connections
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 Residential Single Phase Gas Smart Meter Analysis and Forecast
12.1 Introduction
12.2 Latin America Residential Single Phase Gas Smart Meter 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 Residential Single Phase Gas Smart Meter Market Size Forecast by Type
12.6.1 IC Card
12.6.2 Non-IC Card
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 Residential Single Phase Gas Smart Meter Market Size Forecast by Applications
12.10.1 Network Connections
12.10.2 Non-network Connections
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) Residential Single Phase Gas Smart Meter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Residential Single Phase Gas Smart Meter 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) Residential Single Phase Gas Smart Meter Market Size Forecast by Type
13.6.1 IC Card
13.6.2 Non-IC Card
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) Residential Single Phase Gas Smart Meter Market Size Forecast by Applications
13.10.1 Network Connections
13.10.2 Non-network Connections
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 Residential Single Phase Gas Smart Meter Market: Competitive Dashboard
14.2 Global Residential Single Phase Gas Smart Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Landis+Gyr
14.3.2 Itron
14.3.3 Siemens
14.3.4 Kamstrup
14.3.5 Elster Group
14.3.6 Nuri Telecom
14.3.7 Sagemcom
14.3.8 Iskraemeco
14.3.9 ZIV
14.3.10 Sanxing
14.3.11 Linyang Electronics
14.3.12 Wasion Group
14.3.13 Haixing Electrical
14.3.14 XJ Measurement & Control Meter
14.3.15 Chintim Instruments
14.3.16 Clou Electronics
14.3.17 Holley Metering
14.3.18 HND Electronics
14.3.19 Longi
14.3.20 Banner
14.3.21 Sunrise
