Smart Gas Market to grow at a CAGR of 13.2% due to rising urbanization & technological advancement

Smart Gas Market is forecasted to grow at 13.2% for 2019 to 2026 to an estimated value of USD 38.35 billion by 2026 with factors such as high capital expenditure and dearth of skilled & trained professional hampering the market growth.

Smart gas market has shown a significant adoption rate and preferences from the North- America. Increasing installation of AMR devices and advancement in the metering infrastructure are the factors for the growth of the smart gas in the region.

Smart Gas Market Scenario

According to Data Bridge Market Research, smart gas market in developing regions is witnessing a growth in terms of its adoption rate, due to growing demand to decrease the carbon footprints and favorable government rules & regulations. Other factors such as replacement of aging infrastructure and rising global energy demand will also enhance the market growth.

Now the question is which are the regions that smart gas market players should target? Data Bridge Market Research has forecasted market leaders to target North- America developing regions to help them in attaining better volume of revenue generation.

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Smart Gas Market Development

SAGEMCOM announced the acquisition of Meter Italia S.p.A in July 2017 which will help the company to strengthen them in the gas metering market. This acquisition will allow the SAGEMCOM to combine their technology with the Meter Italia which will help them to meet the rising demand of the customer and will solidify in the smart multi-energy metering market.

Scope of the Smart Gas Market

Smart gas market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa

All country based analysis of the smart gas market is further analyzed based on maximum granularity into further segmentation. On the basis of component, smart gas market is segmented into sensor, machine vision systems, robotics, control device, communication segment, and other components. Technology segment of the smart gas market is segmented into information technology and enabling technology. End user industry segment of the market is divided into discrete industry and process industry. Based on deployment mode, the smart gas market is segmented into cloud and on- premises.

The smart gas devices are very useful for remotely tracking solution for gas utility transactions. These systems play a crucial role in monitoring the quality of assets that provide data in real time during gas operations. Some of the common components of the smart gas are control device, sensor, machine vision system, communication segment, and other. They are widely used in industries such as automotive, medical, machine manufacturing, metal & mining, and other.

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Key Pointers Covered in the Smart Gas Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • ABB
  • Aclara Technologies LLC.
  • Badger Meter, Inc.
  • Capgemini
  • CGI Inc.
  • Diehl Stiftung & Co. KG
  •  Elster Group SE
  • General Electric Company
  • International Business Machines Corporation
  • Itron, Inc
  • Landis+Gyr
  • Oracle
  • Schneider Electric
  • Sensus
  • Silver SpringNetworks
  • Verizon
  • IBM Corporation
  • Emerson Electric
  • Honeywell International Inc
  • Yokogawa Electric Corporation

Above are the key players covered in the report to know about more and exhaustive list of smart gas companies, contact us

Research Methodology: Global Smart Gas Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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