Fast Market Research recommends "Smart Gas Meter Market - Global Trends & Forecast to 2021" from Markets and Markets, now available
[ClickPress, Wed Jun 08 2016] Smart Gas Meter Market by Type (Automatic Meter Reading and Advanced Metering Infrastructure), by End-User (Residential, Commercial and Industrial) and by Region - Global Trends & Forecast to 2021
The smart gas meter market is expected to reach a size of USD 2.27 billion by 2021, at a CAGR of 7.24% from 2016 to 2021. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the market globally. Residential customers are the largest end-users of smart gas meters, followed by commercial and industrial customers.
"The AMR segment would dominate the global smart gas meter market by 2021"
The AMR segment is estimated to be the largest market for smart gas meters in 2016. Popular in North America and Europe, this metering infrastructure is increasingly being implemented in other regions as well; it was developed initially and is less expensive than AMI, and hence, has the largest market size. However, the AMI market is projected to grow at the highest rate because of its advanced technology. Moreover, AMI reduces labor cost, and several gas utilities worldwide are replacing AMR with AMI infrastructure, further creating growth opportunities for the AMI market.
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"Europe: The fastest growing market for smart gas meters"
Europe is currently the fastest growing market for smart gas meters, followed by North America and Asia-Pacific. In Europe, several smart gas meter rollouts are taking place in countries such as the U.K., Spain, and France. This, coupled with the EU's (European Union) plans regarding carbon emission reductions, would drive growth in the European region. The U.K. accounted for the majority share in Europe in 2015, and France is projected to grow at the highest CAGR from 2016 to 2021.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitate information as well as assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1%-12%, Tier 2%-36%, and Tier 3%-52%
By Designation: C-Level-20%, Director Level-5%, and Engineer Level-75%
By Region: Asia-Pacific-60%, Europe-20%, the Americas-15%, and RoW-5%
Note: Row = Rest of the World
The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 =>USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 =
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