Rotary Meters Segment is Expected to Dominate the Global Industrial Gas Meters Market
Renewable
Energy Integration and Energy Efficiency Regulations are major factor
attributable to the growth of the market.
According
to TechSci Research report, “Global Industrial Gas Meters Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Industrial Gas Meters is anticipated to project
robust growth in the forecast period with a CAGR of 4.22% through 2028, There is a growing trend
in the adoption of combined heat and power (CHP) systems across various Industrial
and Industrial settings. These systems are known for their high efficiency, low
emissions, and cost-saving benefits. Additionally, natural gas plays a critical
role in the production of acrylic lenses, which are essential for improving the
vision of patients with cataracts. Moreover, the increasing deployment of advanced
heavy machinery in the industrial sector to enhance operational efficiency and
productivity is driving the demand for natural gas.
The
adoption of smart gas meters and advanced metering infrastructure (AMI)
represents a substantial market opportunity. Smart meters provide real-time
data collection, remote monitoring, and enhanced customer engagement. Gas
utilities worldwide are making investments to upgrade their metering systems
and leverage these advantages.
The
ongoing expansion of natural gas infrastructure, including pipelines and
distribution networks, presents significant prospects for the gas meters
market. As more regions gain access to natural gas, there is an increasing
demand for precise metering systems to monitor consumption and ensure efficient
billing.
Browse over xx market data Figures spread through 188 Pages
and an in-depth TOC on "Industrial Gas Meters Market"
Based
on technology, the Smart Gas Meters segment is expected to dominate the market during the
forecast period. Smart meters provide precise gas consumption data, which is
crucial for accurate billing and demand forecasting. They also offer
functionalities like leak detection and shut-off valves, enhancing safety and
minimizing the risk of gas leaks. Time-of-use pricing, facilitated by smart
meters, incentivizes consumers to shift their gas consumption to off-peak
hours, resulting in reduced energy costs and lower peak demand on distribution networks.
This benefits both consumers and utilities. Predictive maintenance based on
smart meter data helps utilities minimize downtime, extend meter lifespan, and
improve overall system reliability. Utilities can leverage these insights to
optimize gas distribution, accurately forecast demand, and develop targeted
energy efficiency programs. Data-driven decision-making is a significant
advantage of smart metering. In cases where the same utility supplies both gas
and electricity, smart meters enable the development of integrated energy
management solutions. Accurate measurement and monitoring of RNG blending with
conventional natural gas are crucial for regulatory compliance and
environmental objectives. In summary, the Smart Gas Meters segment of the
Global Gas Meters Market is characterized by advanced technology,
energy-efficient features, remote monitoring, predictive maintenance, data
analytics, integration with smart grids, environmental sustainability, and
improved customer engagement. These factors collectively drive the adoption and
growth of smart gas meters as utilities strive to optimize operations, enhance
service quality, and promote energy efficiency.
Based
on Region, North America is Expected to dominate the market. North America
plays a crucial role in the Global Gas Meters Market, influenced by various
factors such as regulatory frameworks, technological advancements, energy
consumption patterns, and environmental concerns.
The
region of North America has a well-established regulatory environment that
governs gas meters and utility operations. Federal and state regulatory bodies
set standards for gas meter accuracy, safety, and data privacy, ensuring
reliability and fairness in gas metering.
North
America has been a leader in adopting smart gas meters and advanced metering
infrastructure (AMI). The region's commitment to improving efficiency and
customer engagement has led to the widespread deployment of these technologies.
Smart meters allow real-time data collection, improving billing accuracy and
enabling demand-side management.
Energy
consumption patterns in North America drive the demand for accurate gas meters.
Natural gas is widely used for heating, power generation, and industrial
processes in the region. As energy consumption continues to grow, reliable
metering systems are needed to accurately monitor gas usage. North America's
increasing focus on environmental sustainability has a significant impact on
the gas meters market. The region actively explores renewable energy sources,
including Renewable Natural Gas (RNG), which can be seamlessly integrated into
gas distribution networks. Accurate gas meters are crucial for measuring the
blend of RNG and conventional natural gas.
Key
market players in the Global Industrial Gas Meters Market are following:-
- Honeywell
International Inc.
- Itron
Inc.
- Schneider
Electric SA
- Elster
Group GmbH
- Siemens
AG
- Badger
Meter
- Diehl
Stiftung & Co. KG
- Sensus
(Xylem Inc.)
- GE
Energy Management Inc.
Download Free Sample Report
Customers can also request for 10% free customization on
this report.
“North
America is expected to be the dominating region during the forecast period. North
America serves as a prominent center for technological innovation, particularly
in the gas meters market. Companies in this region remain dedicated to the
continuous development of advanced metering solutions that encompass IoT
sensors, data analytics, and remote monitoring capabilities. These remarkable
innovations significantly enhance the operational efficiency of gas utilities,
leading to improved customer service.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
Industrial Gas
Meters Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
by Technology (Standard Gas Meters and Smart Gas Meters), By Type (Diaphragm
Meters, Rotary Meters, Turbine Meters and Ultrasonic Flow Meters), By Region,
Competition 2018-2028 has
evaluated the future growth potential of Global
Industrial Gas Meters Market and provides statistics and information on
market structure, size, share, and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities
present in the Global Industrial Gas
Meters Market.
Contact
Techsci
Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
Tel:
+13322586602
Email: [email protected]
Website: www.techsciresearch.com