Gas Meter Market Powering Swiftly To Reach USD 3.92 Billion by 2022

Some of the major players comprised in the Global gas meter market comprise Actaris, ABB, LAO Industria, Emerson Electric, Zenner, Wyatt Engineering, IMAC Systems, DIEHL Metering, Schneider Electric, DIEHL Metering, and Aclara. These players play an essential role in the development of global gas meter market.

Browse the full " Gas Meters Market (By Type: Turbine Gas Meter, Ultrasonic Gas Meter, Diaphragm Gas Meter, and Rotary Gas Meter; By Technology: Smart & Automated and Conventional; and By End Users: Residential, Commercial, and Industrial): Global Industrial Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022" report at  https://www.zionmarketresearch.com/report/gas-meters-market

According to the experts at Zion Market Research, global gas meter market was capitalized at USD 2.26 Billion in 2016. The gas meter market is likely to cross USD 3.92 Billion by end of 2022, developing at a CAGR of 9.4% from 2017 to 2022.

Elevating Requirement For Smart Equipment To Manage Supply Of Fuel In Energy Sector Willpower Gas Meter market

Major propelling factors for the development of gas meter market are elevating requirement for smart equipment to manage supply of fuel in energy sector. In addition to this, industry members are spending deeply in R&D, thereby thriving the gas meter market. High installation prices for end users can be hindering factors for the development of gas meter market. Increasing environmental concerns and energy demand have led to a change towards natural gas expenses due to its natural properties. The global gas meter market provides new development opportunities, due to R&D programs to design greater innovative goods corresponding to customer specifications and lower operating as well as industrialized costs. Smart gas meter market is not broadly established all over the end user sectors at present, but are likely to see rapid development in future. In addition to this, various mergers and acquisitions are one of the factors that are powering the development of gas meter market. For instance, in July 2017, Sagemcom SAS purchased Meter Italia S.P.A that makes smart and traditional residential gas meter, thereby by flourishing the gas meter market.

Gas meter market is bifurcated based on technology, type, and end users. Based on type, the global gas meter market is divided into ultrasonic gas meter, turbine gas meter, rotary gas meter, and diaphragm gas meter. Diaphragm gas meter market division held the biggest market share owing to huge requirement all over the world. Diaphragm gas division held over 60% of the general gas meter market in 2015 and is likely to preserve its lead with huge share all over the forecast period. Turbine and rotary gas meters also draw a high requirement and are likely to carry on developing during the coming few years.

Asia Pacific To Be The Biggest And The Most Attractive Area Dominating The Global Gas Meter Market

Asia Pacific was the largest and the most attractive area dominating the global gas meter market. The major users of energy fuels are commercial and residential users in North America. In Europe, smart monitoring equipment is powered immediately after growth of smart meter in the local market.

The global gas meters market is segmented as follows:

By Technology 

• Turbine Gas Meter
• Ultrasonic Gas Meter
• Diaphragm Gas Meter
• Rotary Gas Meter 

By End User 

• Smart & Automated
• Conventional 

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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