The
global smart gas market was valued at US$0.9 bn in 2014 and is
projected to reach US$10.5 bn by 2023 at a CAGR of 32.2% from 2015 to
2023.
In-depth
research report on Smart Gas Market with Full TOC at :
http://www.transparencymarketresearch.com/smart-gas-market.html
Smart
gas meters comprise various components such as advanced communication
modules, gas warning devices, flow control devices, data logging and
measurement, data monitoring, and software. Services provided by a
smart gas meter depend on the engineering and quality of the
components used while manufacturing. Smart gas meters increase energy
efficiency by 5%−15% − one of the major benefits they provide.
Rising
demand for energy security and emphasis on preventing losses due to
gas theft are driving the smart gas market. Increasing acceptance of
gas as a utility is also responsible for the growth of smart gas
market globally. Currently, growth potential of smart gas meter is
likely to shift from North America to Europe followed by Asia
Pacific, Central America, and the Middle East.
The
smart gas market has been segmented into five regions: North America,
Europe, Asia Pacific, Middle East and Africa, and South and Central
America. In 2014 North America held the largest share of 64% of the
global smart gas market.
Regulatory
mandates to reduce carbon footprints in Europe is a major driver for
the growth of smart gas market in the region. Asia Pacific held the
third-largest share in the smart gas market in 2014. In 2014, Middle
and Africa showed slow growth, but it anticipated that environmental
regulatory norms will drive growth of smart gas market in these
regions. The smart gas market in South and Central America is
witnessing slow growth. However, The Government of Brazil plans to
rollout smart gas meters in the next few years to prevent energy
theft. It is expected that other economies in South and Central
America would follow suit. In Europe, France, the U.K, and Italy are
anticipated to emerge as potential markets for smart gas.
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Demand
for smart gas meters is expected to increase gradually future as they
offer energy saving which contributes to increase in revenue. The
smart gas market has been segmented as follows:
Smart
Gas Market: By Device Type
- Traditional Metering System
- Gas Warning Device
- AMI Communication Module
Smart
Gas Market: By Technology
- Meter Data Management (MDM)
- Supervisory Control and Data Acquisition (SCADA)
- Geographic Information System (GIS)
- Others
Smart
Gas Market: By End User
- Residential
- Commercial and Industrial
Smart
Gas Market: By Region
North
America
- US.
- Canada
- Mexico
- Rest of North America
Europe
- France
- Italy
- UK.
- Rest of Europe
Asia
Pacific
- China
- Japan
- South Korea
- Rest of Asia Pacific
Middle
East and Africa
- South Africa
- Rest of Middle East and Africa
South
and Central America
- Brazil
- Rest of South and Central America
Browse
Press Release Of Smart Gas Market :
http://www.transparencymarketresearch.com/pressrelease/smart-gas-market.htm
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