Global Gas Meter Market to Witness Impressive Growth, Revenue to Surge to USD 5.3 Billion By 2028

01-Jul-2021 | Zion Market Research

The global Gas Meter market accounted for USD 2.6 Billion in 2020 and is expected to reach USD 5.3 Billion by 2028, growing at a CAGR of 6.2% from 2021 to 2028.      

The report covers forecast and analysis for the Gas Meter market on a global and regional level. The study provides historical data from 2016 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD billion). The study includes drivers and restraints for the Gas Meter market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Gas Meter market on a global level.    

In order to give the users of this report a comprehensive view of the Gas Meter market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the Gas Meter market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the Gas Meter market by segmenting the market based on fuel type, End Users and application. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2028. On the basis of type, the market has been segmented into by Turbine Gas Meter, Ultrasonic Gas Meter, Diaphragm Gas Meter, and Rotary Gas Meter., On the basis of technology Smart & Automated and Conventional. Based on end users, Residential, Commercial, and Industrial. The regional segmentation includes the current and forecasted demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region has been further segmented into 18 countries such as the U.S., Canada, Mexico, the U.K., France, Germany, Russia, Poland, Ukraine, China, India, Japan, South Korea, ASEAN, Brazil, Argentina, GCC, South Africa, and others. This segmentation includes demand for Gas Meter based on fuel type, end user, and applications in all the regions and countries.

Asia Pacific was the most attractive and largest market region dominates the global industry in gas meter market. The major consumers of energy fuels are commercial and residential users in North America. In Europe, smart monitoring equipment is fueling immediately and introducing of smart meter in the domestic market. Developing economies including India, China and Thailand are significantly increasing the demand for industrial and domestic expenditure in last few years. Over 40% of the world’s established natural reserves and consumes almost 15% of the world’s production is in Middle East region. In Middle East, more than 50% of energy requirements are dependent on natural gas.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Some of the major players involved in the global Gas Meter market include ABB, Actaris, Emerson Electric, LAO Industria, Wyatt Engineering, Zenner, IMAC Systems, Elster GE Itron Landis Gyr, Schneider Electric, DIEHL Metering, Aclara and DIEHL Metering.

Browse the full Gas Meter Market By Type (Turbine Gas Meter, Ultrasonic Gas Meter, Diaphragm Gas Meter, and Rotary gas meter), By Technology (Smart & Automated, and Conventional), By End Users (Residential, Commercial, Industrial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/gas-meters-market

The global Gas Meter market is segmented as follows:    

By Type

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

By Technology  

  • Smart & Automated
  • Conventional

By End Users

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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