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Classified in: Oil industry, Environment, Science and technology
Subjects: SVY, ENP

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


SANTA CLARA, Calif., April 4, 2018 /CNW/ -- 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:

"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
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Press Contact:
Jaylon Brinkley
Frost & Sullivan     
+1 (210) 247 2481
[email protected]

 

SOURCE Frost & Sullivan


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