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Gas Meters Market Set to Expand at a CAGR of Over 9% Throughout 2026

Press release Description

Albany, New York, December 21, 2018: On account of upturn in the demand for natural gas across countries such as India and China, gas meters market growth has been propelled. North America region has witnessed a significant growth in gas meters market which could be attributed to the surge in the demand for gas meters from residential and industrial consumers.

The wide spread use of gas meters in aerospace and civil applications are expected to prop up the market. These insights are according to the report titled, “Gas Meters Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately included in the repository of Market Research Reports Search Engine (MRRSE).

Gas meters market is estimated to be propelled through its integration with Microelectromechanical Systems (MEMS). Nevertheless, the decreasing size of gas meters are proving to be a viable alternative for range of applications such as micro robots, drones and military applications. According to the study, the gas meters market is estimated to expand at a compound annual growth rate of over 9% during the assessment period 2018-2026. A promising strategic partnerships was witnessed in February 2017 as Zenner, a prolific gas meter provider, partnered with a German company— SmartMakers which allows companies regardless of their sizes to leverage the capabilities of IoT.

Gas Meters Market: Report Content

The report offers an exhaustive analysis on the gas meters through assessment of drivers, restraints, opportunities and trends of the market. The report also incorporates segregation of the market on the basis of technology, type, application and region.

On the basis of technology, the market covers standard meters and smart meters while with regards to type the gas meters market includes rotary meter, diaphragm meter turbine meter, ultrasonic meter and others. On the basis of application, the market is segmented into residential, commercial and industrial. Regionally, the market incorporates North America, Europe, South America, APAC and Middle East & Africa.

The final section embodies competitive landscape of the market which includes company profiles and competitive matrix. This section peruses the product portfolio, financial overview, business strategies and recent developments. Some of the companies delineated in the report are Itron, ABB, APATOR S.A., Diehl Foundation & CO. KG, Badger Meter, Inc., Honeywell Process Solutions Inc. and EDMI limited, to name a few.

Gas Meters Market: Research Methodology

The report provides a comprehensive research methodology incorporating secondary and primary research. The analysis in the report is on account of secondary research, primary interviews and reviews by expert panel.

The secondary research include trade journals, financial reports, SEC filings, broker reports, company websites, Factiva, statistical database and industry white paper. Besides, it also incorporates national government documents, press releases, news articles and internal & external proprietary databases. The primary research incorporate surveys, e-mail interaction, interviews analysis of seasoned analyst and phonic interviews. To provide the readers with an honest report, expert panel assesses the data collated from different sources.

Browse Full Global Gas Meters Market Report with TOC :

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