DUBLIN, Oct. 04, 2017 /PRNewswire/ --
The "Global Gas Meter Market 2017-2021" report has been added to Research and Markets' offering.
The global gas meter market is forecast to grow at a CAGR of 14.21% during the period 2017-2021.
The report, Global Gas Meter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the integration versus modular methodologies. Changes in regulations have a significant impact not only on the rate of smart gas meter adoption but also on the specifications that define the meter's functional operations. Changes in regulations are a major challenge and greatly affect the stakeholders in the smart meter value chain, imposing unforeseen costs on them.
According to the report, one of the major drivers for this market is the smart meters enable efficient use of gas. Smart meters and smart energy meters prove to be extremely invaluable when it comes to the economical use of gas, as they lead to financial savings. These devices help customers monitor and track their gas consumption patterns. Power utilities roll out and install these devices at residential premises as well as commercial and industrial facilities that use natural gas. British Gas has recorded the installation of approximately one million smart meters across residential premises across the UK.
Further, the report states that one of the major factors hindering the growth of this market is the technological challenges. The rapid pace of innovation in this sector heightens the threat of obsolescence for device providers that operate on the basis of current standards and network protocols. This is attractive to technology firms that offer solutions to the consumer market. However, it poses a big challenge to expensive infrastructure projects. Smart meter infrastructure needs to last for years, and therefore, quick innovation may lead to a situation where installers and consumers are caught in a cycle of installation, de-installation, and re-installation.
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Product Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/dl9xj2/global_gas_meter
Laura Wood, Senior Manager
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