Global Smart Gas Meter Market: Segmental Overview
By Product Type, the market has been segmented Into Rotary Gas Meters, Turbine Gas Meters, Diaphragm Gas Meters, and other. Among these, the diaphragm gas meters segment is expected to remain highly lucrative over the assessment period. Based on application, the market has been segmented into residential and commercial sectors.
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Detailed Regional Analysis
Based On Region, the market is segmented into APAC, North America, Africa, Europe, Middle East and rest of the world. North America and Europe currently account for noteworthy shares of the overall pie. North America remians a key market for smart gas meters and is expected to be worth more than USD 700 Mn. Fiscal incentives and government policy mandates have been the key influencers for the Smart Gas Meter Market in the region. The US is home to a large number of manufacturers who have a positive influence on the growth of the market as well.
Meanwhile, the market in APAC is set to exhibit a fast growth over the next five years. This is attributable to factors such as increased government efforts and roll-outs of smart city projects. Growing number of residential gas subscriptions for heating needs and cooking will efficiently raise the demand for Smart Gas Meters in APAC countries in the years to come.
Competitive Analysis
The rising affinity for diversification in the market has indirectly enabled the players to utilize the many prospects available. This specific trend has enabled portfolio improvements along with the similarity for modification in the sector, which has helped the Market players enormously. The buyouts in the Market are expected to help players in expanding their offshore operations and increase their market share significantly. Companies are also focusing on strategies that assure long-term sustenance and enhance their financial liquidity.
Some of the Leading Market Players profiled in the report include Sensus (U.S.), Apator Group (Poland), Landis+Gyr (Switzerland), Dandong Dongfa Group Co. Ltd. (China), Honeywell International, Inc. (U.S.), Itron Inc. (U.S.), Raychem RPG (India), Diehl Metering (U.K.) and EDMI Limited (Singapore).
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Research Methodology
Market Research Future objectively analyses data using relevant economic factors. Pertinent factors such as government expenditure, economic growth, distribution channels and supply channels among others have been scrutinized in an effort to relay precise information. Analysis of data and subsequent projections have been performed using research frameworks that are suited to the specific industry.
These frameworks have been developed by MRFR to serve as research standards that provide the tools to create consistently dependable market reports. Our primary research module highlights information obtained through interviews with key participants in the industry while secondary research methods use credible sources of data such as publically available financial records and historical data for the delivery of unique perspectives on the market with a focus on accuracy.
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