Research Nester published a report titled “Smart Gas Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalsmart gas market in terms of market segmentation by device, solution, service, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global smart gas market is estimated to occupy a large revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, owing to the rising concerns regarding greenhouse emissions, increasing consumption of natural gas, and growing need to reduce carbon footprints. Apart from these, emergence of smart grids and rapid urbanization are also expected to drive market growth in the upcoming years.
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The global smart gas market is segmented by device, solution, service and end user. Based on device, the automatic meter reading (AMR) meters is anticipated to grab the largest market share during the forecast period on the back of improved billing processes and high cost-effectiveness of these meters. Furthermore, by solution, the outage management & remote monitoring segment segment is anticipated to grab the largest share ascribing to the high demand for functionalities offered by the solution.
Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Europe region is evaluated to grab the largest share and witness noteworthy growth in the market during the forecast period attributing to the increasing adoption of smart gas and strong presence of market players in the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
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Growing Concerns Associated with Greenhouse Emissions to Drive Market Growth
As industrialization and urbanization are increasing at a rapid pace, the total carbon emissions generated across the world is also rising, so is the impact of greenhouse effect resulting from these emissions. This is a crucial factor giving rise to the growing deployment of smart gas systems, which in turn is predicted to drive market growth in the future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
However, high installation cost of smart gas systems is expected to operate as key restraint to the growth of the global smart gas market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global smart gas market which includes company profiling of Itron Inc., ABB Ltd., Schneider Electric, Elster Group GmbH, General Electric Company, EnerNOC Inc., Sensus Metering Systems, Inc., Aclara Technologies, Badger Meter, Inc., IBM Corporation, and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart gas market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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