What is Global Intelligent Gas Meter Market?
The Global Intelligent Gas Meter Market is a vast and dynamic sector that has been gaining significant attention in recent years. An intelligent gas meter is a type of gas meter that records consumption of gas in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing purposes. They are an integral part of the smart grid, and they have the capabilities to measure and record usage data in detail. These meters are also known as 'smart meters'. They are designed to gather usage data automatically and send it directly to the energy supplier. This means that manual meter readings are no longer required. The global intelligent gas meter market was valued at US$ 2307.1 million in 2022. The market is expected to reach US$ 2581.7 million by 2029, growing at a compound annual growth rate (CAGR) of 1.6% during the forecast period from 2023 to 2029.
Diaphragm, Turbine, Rotary piston, Thermal mass flow, Ultrasonic in the Global Intelligent Gas Meter Market:
The Global Intelligent Gas Meter Market is segmented based on the type of meter used. These include Diaphragm, Turbine, Rotary piston, Thermal mass flow, and Ultrasonic meters. Diaphragm gas meters are the most common type of gas meter, used to measure the volume of fuel gases such as natural gas and propane. Turbine gas meters use the mechanical energy of the gas to rotate a turbine in the gas stream, with the speed of the rotation being proportional to the gas flow rate. Rotary piston meters, on the other hand, measure the volume of gas using a series of rotating pistons. Thermal mass flow meters measure the flow of gas using the thermal properties of the gas, while Ultrasonic meters use ultrasonic sound waves to measure the velocity of the gas flow. Each of these meters has its own advantages and disadvantages, and the choice of meter depends on the specific requirements of the application.
Residential, Commercial, Industrial in the Global Intelligent Gas Meter Market:
The Global Intelligent Gas Meter Market finds its usage in various areas such as Residential, Commercial, and Industrial sectors. In the residential sector, these meters are used to monitor and control the consumption of gas in homes. They provide real-time information about gas usage, allowing homeowners to manage their energy consumption more effectively. In the commercial sector, intelligent gas meters are used in businesses and other commercial establishments to monitor and control gas usage. They help in reducing energy costs and improving operational efficiency. In the industrial sector, these meters are used in various industries such as manufacturing, power generation, and others to monitor and control the consumption of gas. They help in optimizing the use of energy and reducing operational costs.
Global Intelligent Gas Meter Market Outlook:
The global Intelligent Gas Meter market outlook highlights that Europe is the largest market for Intelligent Gas Meters, accounting for about 49% of the total market share. This is followed by China, which accounts for about 22% of the market share. The top three companies in the market collectively hold about 33% of the total market share. This indicates a high level of market concentration, with a few key players dominating the market. The market is expected to grow at a steady pace in the coming years, driven by increasing demand for energy-efficient solutions and the growing adoption of smart grid technologies.
| Report Metric | Details |
| Report Name | Intelligent Gas Meter Market |
| Accounted market size in 2023 | US$ 2307.1 million |
| Forecasted market size in 2030 | US$ 2581.7 million |
| CAGR | 1.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Elster Group GmbH, Itron, Flonidan, Landis+Gyr, Sensus, Apator Group, ZENNER, Diehl Metering, Yazaki Corporation, Schneider Electric, EDMI, MeterSit, China-goldcard, Innover, Viewshine, SHANXI AEROSPACE POWER, Suntront Tech |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
