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 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.
Global Gas meters market is the devices that measure and record the quantity of gas produced or consumed, regardless of the quality of the gas or pressurized quantity flowing. These meters are essential for ensuring adequate gas pressure from the main supply, keeping track of the usage of gas, and providing accurate bills.
In addition to measuring the definite amount of gas utilized, a gas meter must also be efficient in detecting abnormal conditions and to shut off the gas supply to prevent gas leakage. A gas meter is a specific flow meter utilized to measure the amount of fuel gases such as liquefied petroleum gas and natural gas.
Gas contracts and expands due to heat. Bills are based on a temperature of 15°C. So those meter outside contains profit as compared to those with meter inside. The volume of gas absorbed in cubic meters (m^3) or cubic feet (ft?^3) or still consumers are billed in kilowatt-hours (kWh). The quality of the gas flowing through the meter or pressurized quantity is measured by a described volume by gas meters.
COVID-19 has impacted businesses across the globe. The imposed lockdown and spread of the contagious virus have slowed down the operations in various industries including chemical, metallurgy, Industrial, Mechanical, and many more. Measures such as restriction and lockdown across the globe, have been explicit and unprecedented.
It has further disrupted supply chains, delayed projects in Industrial, and created labor shortages in the plants. The energy industry across the globe is delayed due to the ongoing project due to the slowdown of manufacturing. These factors are likely to hamper the growth of the market in 2020.
Major driving factors for the growth of the gas meter market are increasing demand for smart equipment to observe the supply of fuel in the energy industry and industry members are investing deeply in R&D drive.
High installation expenses for end users could be restraining factors for the growth of the gas meter market. Growing energy demand and environmental concerns have resulted in a change toward natural gas expenditure owing to its natural characteristics.
The global gas meter market offers new growth opportunities, due to R&D initiatives to develop greater innovative products in line with client specifications and reduce industrialized as well as operating costs. Smart gas meters are not widely established across the end-user industries at present but are expected to observe rapid growth in the future.
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
On the basis of type, the global gas market is segmented into turbine gas meters, ultrasonic gas meters, diaphragm gas meters, and rotary gas meters. The diaphragm gas meter market segment held the largest market share due to huge demand across the globe. The diaphragm gas segment held more than 55% of the overall market in 2020 and is expected to maintain its lead with a greater part share throughout the forecast period. Rotary and turbine gas meters also attract high demand and are expected to continue growing during the next few years.
On the basis of Technology, the gas meter market is segmented into smart & automated, and conventional. The conventional segment is estimated to account for the largest gas meter market share among all the technology. Industrial development has resulted in the introduction of smart gas meters. Smart gas meters are ahead of wide acceptance across various end-user industries in the recent past and are expected to continue this development in the future.
On the basis of End Users, the gas meter market is segmented into residential, commercial, and industrial. The residential segment held the largest market share due to huge demand across the globe for the growth of the gas meter market. Particularly in developing regions, growth in end-use industries is expected to balance the regional markets. Resulting in higher as well as commercial demand due to rising disposable income, growing standards of living, and urbanization.
The Asia Pacific was the most attractive and largest market region that dominates the global industry in the 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 meters in the domestic market.
The major players operating in the Gas Meter market are ABB, Actaris, Emerson Electric, LAO Industria, Wyatt Engineering, Zenner, IMAC Systems, Elster GE Itron Landis Gyr, Schneider Electric, DIEHL Metering, Aclara and DIEHL Metering.
The global Gas Meter market is segmented as follows:
By Type
By Technology
By End Users
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Technology
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Gas Meter Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 8. Global Gas Meter Market for Turbine Gas Meter, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Gas Meter Market for Turbine Gas Meter, By Country, 2020 & 2028
FIG NO. 10. Global Gas Meter Market for Ultrasonic Gas Meter, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Gas Meter Market for Ultrasonic Gas Meter, By Country, 2020 & 2028
FIG NO. 12. Global Gas Meter Market for Diaphragm Gas Meter, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Gas Meter Market for Diaphragm Gas Meter, By Country, 2020 & 2028
FIG NO. 14. Global Gas Meter Market for Rotary Gas Meter, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Gas Meter Market for Rotary Gas Meter, By Country, 2020 & 2028
FIG NO. 16. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 17. Global Gas Meter Market for Smart & Automated, Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Gas Meter Market for Smart & Automated, By Country, 2020 & 2028
FIG NO. 19. Global Gas Meter Market for Conventional, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Gas Meter Market for Conventional, By Country, 2020 & 2028
FIG NO. 21. Market Revenue Share, By End Users, 2020 & 2028
FIG NO. 22. Global Gas Meter Market for Residential, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Gas Meter Market for Residential, By Country, 2020 & 2028
FIG NO. 24. Global Gas Meter Market for Commercial, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Gas Meter Market for Commercial, By Country, 2020 & 2028
FIG NO. 26. Global Gas Meter Market for Industrial, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Gas Meter Market for Industrial, By Country, 2020 & 2028
FIG NO. 28. Global Gas Meter Market Revenue Share, By Region, 2020 & 2028
FIG NO. 29. North America Gas Meter Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 30. Porter’s Five Forces Analysis for Global Gas Meter Market
FIG NO. 31. PEST Analysis for Global Gas Meter Market
FIG NO. 32. Pricing Analysis for Global Gas Meter Market
FIG NO. 33. Value Chain Analysis for Global Gas Meter Market
FIG NO. 34. Company Share Analysis, 2019
FIG NO. 35. Radar Determinant Chart, 2019
FIG NO. 36. Company Strategic Developments – Heat Map Analysis
FIG NO. 37. ABB Business Segment Revenue Share, 2020 (%)
FIG NO. 38. ABB Geographical Segment Revenue Share, 2020 (%)
FIG NO. 39. Market Channels
FIG NO. 40. Marketing Channel Development Trend
FIG NO. 41. Growth in World Gross Product, 2008-2018
FIG NO. 42. Research Methodology – Detailed View
FIG NO. 43. Research Methodology
List of Tables
TABLE NO. 1. Global Gas Meter Market: Snapshot
TABLE NO. 2. Quarterly Gas Meter Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Gas Meter Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Gas Meter Market for Turbine Gas Meter, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Gas Meter Market for Ultrasonic Gas Meter, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Gas Meter Market for Diaphragm Gas Meter, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Gas Meter Market for Rotary Gas Meter, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Gas Meter Market for Smart & Automated, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11 Global Gas Meter Market for Conventional, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12: Global Gas Meter Market for Residential, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13.: Global Gas Meter Market for Utility, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14.: Global Gas Meter Market for Commercial, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Gas Meter Market for Residential, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Gas Meter Market for Commercial, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. Global Gas Meter Market for Industrial, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 18. G6obal Gas Meter Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Gas Meter Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 20. North America Gas Meter Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 21. North America Gas Meter Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 22. North America Gas Meter Market Revenue, By End Users, 2016 – 2028 (USD Billion)
TABLE NO. 23. U.S. Gas Meter Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 24. U.S. Gas Meter Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 25. U.S. Gas Meter Market Revenue, By End Users, 2016 – 2028 (USD Billion)
TABLE NO. 26. Canada Gas Meter Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 27. Canada Gas Meter Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 28. Canada Gas Meter Market Revenue, By End Users, 2016 – 2028 (USD Billion)
TABLE NO. 29. Mexico Gas Meter Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 30. Mexico Gas Meter Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 31. Mexico Gas Meter Market Revenue, By End Users, 2016 – 2028 (USD Billion)
TABLE NO. 32. Drivers for the Gas Meter Market: Impact Analysis
TABLE NO. 33. Restraints for the Gas Meter Market: Impact Analysis
TABLE NO. 34. Major Buyers of Gas Meter
TABLE NO. 35. Distributors/Traders List of Gas Meter
TABLE NO. 36. Global Gas Meter Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 37. Global Gas Meter Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Gas Meters market. Zion Research has collected and analyzed key data belong to the global Gas Meters market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Gas Meters across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Gas Meters industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Gas Meters market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
A gas meter is a specific flow meter utilized to measure a number of fuel gases such as liquefied petroleum gas and natural gas. The volume of gas absorbed in cubic meters or cubic feet even though consumers are billed in kilowatt hours (kwh). The gas meters could only be utilized within operating temperature limits and overpressure listed on the data sheet. The quality of the gas flowing through the meter or pressurized quantity measure a describe volume by gas meters. Temperature, heating value and pressure must be made to measure actual amount and value of gas moving through a meter
The gas meters are segmented on the basis of type, technology, and end users. On the basis of type, the global gas market is segmented into turbine gas meter, ultrasonic gas meter, diaphragm gas meter, and rotary gas meter. Diaphragm gas meter market segment held the largest market share due to huge demand across the globe. On the basis of technology, gas meter market is segmented into smart & automated and conventional. The conventional segment is estimated to account for the largest gas meter market share among all the applications. On the basis of end users, gas meter market is segmented into residential, commercial, and industrial. Residential segment held the largest market share due to huge demand across the globe for the growth of gas meter market.
Increasing demand for smart equipment to observe supply of fuel in the energy industry and industry members are investing deeply in R&D drive is expected to remain major driving factors for the growth in gas meter market. High installation expenses for end users could be restraining factors for the gas meter market. The global gas meter market offers new growth opportunities, due to R&D initiatives to develop greater innovative products in line with client specifications and reduce industrialized as well as operating costs. The smart gas meter is not widely established across the end-use industries at present, but are expected to observe rapid growth in future. Growing energy demand and environmental concerns have resulted in a change towards natural gas expenditure owing to its natural characteristics.
Based on regional segmentation, Asia Pacific was the most attractive and largest market for the gas meter in 2016. Developing economies including India, China and Thailand are significantly increasing the demand for industrial and domestic expenditure in last few years. In Europe, smart monitoring equipment is fueling immediate introduction of a smart meter in the domestic market. The major consumers of energy fuels are commercial and residential users in North America. Over 40% of the world’s established natural reserves and consumes almost 15% of the world’s production in Middle East region. In the Middle East, energy more than 50% of energy requirements is dependent on natural gas.
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.
The global Gas Meter market was valued at USD 2.6 Billion in 2020.
The global Gas Meter market is expected to reach USD 5.2 Billion by 2028, growing at a CAGR of 6.2% between 2021 to 2028.
Major driving factors for the growth of Gas Meter market are increasing demand for smart equipment to observe supply of fuel in energy industry and industry members are investing deeply in R&D drive.
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.
The major players operating in the Gas Meter market are ABB, Actaris, Emerson Electric, LAO Industria, Wyatt Engineering, Zenner, IMAC Systems, Elster GE Itron Landis Gyr, Schneider Electric, DIEHL Metering, Aclara and DIEHL Metering.
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