Global Gas Meter Market to Grow 10.5% by 2020 - Driven by Benefits Offered by New Smart Meters - Research and Markets

DUBLIN, June 16, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Gas Meter Market 2016-2020" report to their offering.

The global gas meter market is forecast to grow at a CAGR of 10.5% during the period 2016-2020.

A gas meter is a device that is primarily used to measure the volume of gas consumed at residential, commercial, or industrial premises. Gas meters can be of the following types:

• Basic gas meters (analog type)
• Smart gas meters (digital type)

One trend that is expected to have a positive impact on market growth is enhanced meter performance. Traditional electronic gas meters that are available in the market are provided with a standard battery life of up to 20 years. But due to changing market dynamics, there has been a growing demand for other additional features, namely wireless communication, remote firmware upgrades, remote connection and disconnection, prepayment, end-to-end encryption and authentication, and so on. These factors that are in huge demand today compromise not only the battery life of the meter but also increases the up-front and future costs.

According to the report, a key growth driver for the gas meter market will be the benefits offered by new smart meters. Smart meters and smart energy monitors allow customers keep track of their energy use in real time and help them make better choices regarding prudent gas use, thus enabling monetary savings. Power utilities roll out and install these devices at residential premises as well as commercial and industrial facilities that use natural gas. Consumers can expect to get beneficial information on better management of energy use, personalized reports, and accurate billing.

Further, the report states that challenges like rapid innovation in this sector makes obsolescence of devices quite high and makes it difficult to upgrade infrastructure constantly.

Key vendors:

• Elster
• GE
• Itron
• Landis+Gyr

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/r2swng/global_gas_meter

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