Get Ready to Grow Your Business by Tapping into the US$29. 9 Billion Opportunity for Smart Gas
The global Smart Gas market is expected to decline in the year 2020 before recovering to reach a revised market size of US$29.9 billion by 2025, driven by the need for efficient utilization of energy and rising awareness over the importance of information management technologies in enabling intelligent metering, monitoring, measurement, and control of gas resources.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Smart Gas market. The segments covered in the study include Component (Solutions, Services); and Device Type [Automatic Meter Reading (AMR),Advanced Meter Infrastructure (AMI)].
10 June 10:09 A.M., California/Marketwire/ - According to the new market research report, the global Smart Gas market is expected to decline in the year 2020 before recovering to reach a revised market size of US$29.9 billion by 2025, driven by the need for efficient utilization of energy and rising awareness over the importance of information management technologies in enabling intelligent metering, monitoring, measurement, and control of gas resources. The market will be reset to a new normal which going forwards in a post crisis era will be continuously redefined and redesigned. Automatic Meter Reading (AMR), one of the segments analyzed and sized in this study, is forecast to grow at over 13.9% and reach a market size of US$231 billion by the end of the analysis period.
In the post COVID-19 environment, the smart gas market would be driven by sustained emphasis on efficient utilization of energy and growing relevance of information management technologies in enabling intelligent metering, monitoring, measurement, and control of gas resources. Projected rise in global gas demand from 3,000 Mtoe in 2015 to 4,100 Mtoe by 2035 and the ensuing need for efficient distribution networks and billing system; and spiraling shale gas production with technology developments promising to tap into the over 5,770 trillion cubic feet of technically recoverable shale gas reserves worldwide would be instrumental future market growth. Acknowledged role of cloud computing, IoT & artificial intelligence (AI) in advanced metering infrastructure (AMI); 'Smart City' development programs which prioritize smart distribution of utility resources such as electricity, water and gas has pivotal role; growing shift towards SCADA system in utility infrastructure; and emergence of modular & integrated gas meters; are some of the factors likely to sustain momentum in future growth of smart gas solutions market.
Key Competitors Covered in the Report
Aclara Technologies LLC
Badger Meter Inc.
CGI Group Inc.
Chongqing Shancheng Gas Equipment Co. Ltd.
CyanConnode Holdings PLC
Dandong Dongfa (Group) Co. Ltd.
Diehl Metering GmbH, DTE Energy Co.
Elster Group GmbH
GE Grid Solutions
Schneider Electric SE
Silver Spring Networks
Tantalus Systems Inc.
Trilliant Holdings Inc
Geographies Analyzed in the Report
Europe (France, Italy, UK, Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 50233. Among this pool, 4019 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 1003 unique participations, a total of 451 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.