omniture
from common-pcom:html:key:en_segment_includes_overall_segment_header_shtml
PR Newswire: news distribution, targeting and monitoring
Home Page > News Releases > APAC
en_US

Global Smart Gas Meter Market to reach $1.62 Billion by 2025 Driven by Regulatory and Policy Measures, says Frost & Sullivan

2018-04-05 00:22

Metering-as-a-service and energy management systems will accelerate growth opportunities

SANTA CLARA, California, April 5, 2018 /PRNewswire/ -- Frost & Sullivan's latest analysis of the Global Smart Gas Meter Market finds the market is expected to reach $1.62 billion in 2025, driven by energy efficiency country- or regional-specific regulatory and policy measures. The analysis predicts Europe, the Middle East, and Africa to be critical regional smart gas markets, with a rise in the number of residential gas connections in China making the country the second largest regional market by 2025.

An assessment of disruptive trends, drivers and restraints, market share, and revenue forecast by country and region can be found in the analysis. A competitive examination of significant players such as Itron, Elster, Pietro Fiorentini, Landis+Gyr, AEM, Meter Italia, Aichi Tokei Denki, Flonidan, Yazaki, and Secure is also provided.

For further information on this analysis, please visit: http://frost.ly/2ce

"The market for metering-as-a-service and energy management solutions will grow as meter manufacturers look for ways to leverage their expertise and attract investment from utilities that lack the financial resources to implement a CAPEX-led rollout," said Dr. Maximilian-Eckart Wernicke, Energy & Environment Senior Consultant at Frost & Sullivan.

To gain a competitive advantage over local vendors, Wernicke recommends adopting different strategies in different regions as well as providing a wide range of solutions such as meter manufacturing, software, installation, and system integration.

Key trends disrupting the global smart gas meter market include:

  • Growing demand from the Asia-Pacific region;
  • 36.2 percent of the global gas meter shipments were smart meters in 2017;
  • Pressure on premium brands to lower their profile margins to compete with Chinese brands;
  • Europe is predicted to grow as utilities are under legislative pressures to install smart gas metering solutions by 2020;
  • Increase in gasification rates and development of new buildings;
  • Rise in awareness of energy efficiency;
  • Dual-fuel rollout of electricity and gas meters offering higher benefits;
  • Large-scale rollouts in less saturated markets such as South America, Eastern Europe, Middle East, and Africa due to decreased sales prices and increased efficiency; and
  • The replacement and upgrade of second-generation smart gas meters providing high revenue streams for manufacturers and system integrators.

"Concerns surrounding data security, low-cost savings, high initial investment, and operational complexities are key issues dissuading buyers," noted Wernicke. "However, the establishment of common protocols and standards is expected to decrease pricing and accelerate global deployments."

Global Smart Gas Meter Market, Forecast to 2025 is part of Frost & Sullivan's Energy & Environment Growth Partnership Service program.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Global Smart Gas Meter Market, Forecast to 2025
MDA3-19

Press Contact:
Jaylon Brinkley
Frost & Sullivan
+1 (210) 247 2481
jaylon.brinkley@frost.com

Source: Frost & Sullivan
Related Links:
from common-pcom:html:key:en_segment_includes_releases_right_column_video_module_shtml

Featured Video

Computer Software Recent Releases

Gas Recent Releases

High Tech Security Recent Releases

Oil/Energy Recent Releases

Utilities Recent Releases

Data Analytics Recent Releases

from common-pcom:html:key:en_segment_includes_overall_segment_footer_shtml
Advanced Search
Search
  
  1. Products & Services
  2. News Releases
  3. Knowledge Center
  4. Journalists & Media
  5. Multimedia Theater
  6. Contact Us