Market Overview:
The global residential 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 intelligent devices, rising concerns over energy wastage, and growing investments in smart city initiatives across the globe. The global residential 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 witness higher growth during the forecast period as it offers enhanced features such as two-way communication, remote data collection, outage detection & restoration, and load management. On the basis of application, the global residential smart gas meters market is segmented into households and apartments/commercial buildings. Households are expected to account for a larger share of the market duringthe forecast period owingto their growing adoption of advanced technologies for energy conservation purposes.
Product Definition:
A Residential Smart Gas Meter is a device that is used to measure and track natural gas usage for a home or small business. This information can be used to help conserve energy and save money on utility bills.
AMR:
Advanced Metering Infrastructure (AMI) is a smart grid solution that enables utilities to move toward a more efficient and reliable energy system. AMI includes advanced metering infrastructure, smart meters, and other communication devices for enabling two-way flow of information between suppliers and consumers. The primary objective of AMI is to enable accurate billing while reducing the carbon footprint associated with traditional systems.
AMI:
AMI (Advanced Metering Infrastructure) is a smart grid technology that enables utilities to move toward a more efficient and advanced metering infrastructure. It provides benefits such as reduced energy losses, improved meter accuracy & reliability, and increased customer control over their energy usage. AMI helps in providing accurate information regarding the consumption of end-users by enabling real-time data transmission between meters and controllers or gateways.
Application Insights:
The market is segmented on the basis of application into a house, apartment and others. The Others application segment includes commercial spaces, industrial units and public places such as hotels and restaurants. The demand for smart gas meters in these applications is expected to be driven by benefits such as energy savings due to automatic turn-off of equipment when electricity costs are covered, reduction in fuel consumption due to metering installation at multiple points across an establishment along with ease of billing.
Households accounted for over 50% share in 2016 owing to rising awareness about energy conservation among consumers coupled with government initiatives promoting the use of smart meters across residential buildings worldwide. Furthermore, growing concerns regarding carbon emissions from open fireplaces within households are likely drive adoption further over the forecast period globally.
Regional Analysis:
North America dominated the global residential smart gas meters market in 2017. North America is a highly developed region with technological advancements being made at a rapid pace. The U.S., being the most technologically advanced country, dominates this industry and has led to significant growth for North American regional market over the past few years.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to increasing demand from developing countries such as China and India, which are among some of Asia’s most populous nations as well as its largest developing economies. Rising disposable income levels coupled with increased spending on home improvement projects will also drive product demand in this region over the next eight years or so until 2030 when it will lose out against Europe due to higher electricity rates there (in 2018).
Growth Factors:
- Increasing demand for smart gas meters from residential sector 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 in residential sector.
- Growing demand for energy-efficient devices and appliances in residential sector.
- Rising awareness about the benefits of using smart gas meters among consumers in developed countries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential 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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Residential Smart Gas Meters Market Report Segments:
The global Residential 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 Residential 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 Residential 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.
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
- Identifying Appropriate Advertising Appeals
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?
Residential smart gas meters are a type of home energy management system that allow homeowners to monitor and manage their energy use in real-time. They can also provide information about your energy usage patterns, so you can make informed decisions about how to reduce your consumption.
Some of the key players operating in the residential 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 residential 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 Residential 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 Residential Smart Gas Meters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential 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 Residential 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 Residential Smart Gas Meters Market Size & Forecast, 2018-2028
4.5.1 Residential Smart Gas Meters Market Size and Y-o-Y Growth
4.5.2 Residential Smart Gas Meters Market Absolute $ Opportunity
Chapter 5 Global Residential 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 Residential 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 Residential 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 Residential 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 Residential 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 Residential 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 Residential Smart Gas Meters Analysis and Forecast
9.1 Introduction
9.2 North America Residential 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 Residential 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 Residential 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 Residential Smart Gas Meters Analysis and Forecast
10.1 Introduction
10.2 Europe Residential 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 Residential 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 Residential 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 Residential Smart Gas Meters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Residential 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 Residential 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 Residential 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 Residential Smart Gas Meters Analysis and Forecast
12.1 Introduction
12.2 Latin America Residential 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 Residential 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 Residential 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) Residential Smart Gas Meters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Residential 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) Residential 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) Residential 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 Residential Smart Gas Meters Market: Competitive Dashboard
14.2 Global Residential 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
