PUNE, India, April 19, 2017 /PRNewswire/ --
According to a new market research report "Smart Gas Market by Device (AMR & AMI Meters), Solution (GIS, SCADA, Asset Condition Monitoring and Performance Management, MDM, Outage Management & Remote Monitoring), Service (Consulting, Deployment, & Managed) and Region - Global Forecast to 2022", published by MarketsandMarkets™ , the market expected to grow from USD 11.25 Billion in 2017 to USD 21.75 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.1% during the period of 2017-2022.
Browse 75 market data Tables and 72 Figures spread through 143 Pages and in-depth TOC on "Smart Gas Market"
Early buyers will receive 10% customization on this report.
The major drivers for upsurge in demand for the Smart Gas Market include increasing global energy demand leading to the adoption of sophisticated technologies and replacement of aging infrastructure driving the investment in the Smart Gas Market.
The remote monitoring solution is expected to grow at the fastest rate in the Smart Gas Market during the forecast period
The remote monitoring solution for gas utilities deals with remotely controlling the essential types: hardware & software, such as Programmable Logic Controller (PLC), Human Machine Interface (HMI), & Supervisory Control and Data Acquisition (SCADA) systems. The solution has the ability to track asset performance, which provides real-time data during gas operations. Factors, such as production time, leakage rate, energy usage, and climatic conditions can all be collected, analyzed, & presented to the responsible personnel, in terms of performance data and ability to control data, such as remotely shutting off gas operations.
Download Report Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=237135778
Automatic Meter Reading (AMR) meter is estimated to have the largest market share during the forecast period
AMR meters are capable of capturing, storing, and transmitting meter data to the main server. Backed by the remote monitoring feature of AMR meters, the functionalities of AMR meters have expanded from billing to events alarms, such as tamper, leak detection, flow monitoring, demand forecasting, demand response management, low battery notification, and remote shutdown.
North America is expected to hold the largest market share in the Smart Gas Market during the forecast period
As per the geographic analysis, the North American region would witness significant growth in the Smart Gas Market over the forecast period, due to massive upcoming projects in the region. North America has the highest installation (over 50%) of AMR meters. During the last few years, numerous utilities in the U.S. have boarded on advanced smart gas schemes, where one of their main objectives is to deploy second-generation advanced metering infrastructure, communication modules, asset management, workforce management, security features, analytics, and Meter Data Management (MDM).
Make an Enquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=237135778
The major vendors covered in the Smart Gas Market for this study include ABB Group (Zurich, Switzerland), Aclara Technologies LLC (Hazelwood, Missouri), Badger Meter, Inc. (Wisconsin, U.S.), Cap Gemini S.A. (Paris, France), CGI Group Inc. (Montreal, Canada), Diehl Stiftung & Co KG (Nuremberg, Germany), Elster Group GmbH (New Jersey, U.S.), General Electric Company (Massachusetts, U.S.), IBM Corporation (New York, U.S.) Itron Inc. (Washington, U.S.), Landis+Gyr (Zug, Switzerland), Oracle Corporation (California, U.S.), Schneider Electric SE (Rueil-Malmaison, France), Sensus (North Carolina, U.S.), Silver Spring Networks, Inc. (California, U.S.), and Verizon Communications, Inc. (New York, U.S.).
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets