NEW YORK , March 4, 2022 /PRNewswire/ -- The smart gas meters market potential growth difference will be USD 1.97 billion from 2021 to 2026. However, the market report identifies the market to witness a decelerating growth momentum at a CAGR of 7.95% during the projected period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The rise in global demand for natural gas, benefits of smart gas meters, and government regulations and initiatives will offer immense growth opportunities. There is an increase in the demand for natural gas, as it is the dominant fuel for electric power generation and the industrial sector. Energy consumption cost makes up a substantial share of the total expenses incurred by industrial facilities. Hence, these sectors largely resort to using gas meters, which aid in monitoring the use of natural gas. However, the high capital and operational costs are some of the factors hindering the smart gas meters market growth. Smart gas meters are technologically advanced compared with traditional gas meters. As a result, the cost of installing smart meters is typically higher than that of traditional meters.
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Smart Gas Meters Market 2022-2026: Key Segment Highlights
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Smart Gas Meters Market 2022-2026: Vendor Analysis and Scope
The smart gas meters market is fragmented, and the degree of fragmentation will decelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The fragmented nature of the market and high fixed costs increase the competition among the existing players in the market.
Top Smart Gas Meters Market Players
 ZENNER International GmbH & Co. KG
Aichi Tokei Denki Co. Ltd.
Die Diehl Stiftung and Co. KG
Xylem Inc.: The company offers smart gas meter that includes ultrasonic flow meter, gas chromatographs, flow computers, multiple meters, meter runs, supporting automation., under the brand name of Xylem Inc.
Yazaki Corp.:The company offers smart gas meter that includes digital gas flow meter with transmitter, totalizer lining oxygen gas flow meter, LPG gas and many more, under the brand name of Yazaki Corp. In January 2022 , the company announced the appointment of Mark Morelli to the Board of Directors of the company.
Itron Inc.:The company offers smart gas meter that includes ultrasonic flow meter, gas chromatographs, flow computers, multiple meters, meter runs, supporting automation, analyzers, pressure and temperature transmitters, under the brand name of Itron Inc.
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The report also covers the following areas:
Smart Gas Meters Market size
Smart Gas Meters Market trends
Smart Gas Meters Market industry analysis
Technavio categorizes the global smart gas meters market as a part of the global electronic equipment and instruments market. Our report provides extensive information on the value chain analysis for the smart gas meters market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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Smart Gas Meters Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist smart gas meters market growth during the next five years
Estimation of the smart gas meters market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the smart gas meters market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of smart gas meters market vendors
Flow Meter Market by End-user and Geography - Forecast and Analysis 2021-2025
Smart Gas Meters Market Scope
Decelerate at a CAGR of 7.95%
Europe, North America, APAC, South America, and Middle East and Africa
US, China, Japan, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
 ZENNER International GmbH & Co. KG, AEM SA, Aclara Technologies LLC, Aichi Tokei Denki Co. Ltd., Apator SA, Die Diehl Stiftung and Co. KG, EDMI Ltd., Fanna Technology, Flonidan A/S, GenesisGas, Holley Technology Ltd., Honeywell International Inc., Itron Inc., Landis+Gyr AG, Pietro Fiorentini SpA, Raychem RPG Pvt. Ltd., Sagemcom Broadband SAS, Wasion Holdings Ltd., Xylem Inc., and Yazaki Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2021-2026
5.3 AMR - Market size and forecast 2021-2026
5.4 AMI - Market size and forecast 2021-2026
7.3 Europe - Market size and forecast 2021-2026
7.4 North America - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 Germany - Market size and forecast 2021-2026
7.10 UK - Market size and forecast 2021-2026
7.11 China - Market size and forecast 2021-2026
7.12 Japan - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
10.3 Aichi Tokei Denki Co. Ltd.
10.5 Die Diehl Stiftung and Co. KG
10.12 ZENNER International GmbH Co. KG
11.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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