Smart Gas Meter Market Growing at 7.24% CAGR to 2021 Led by AMR (Automatic Meter Reading) Segment

May 26, 2016, 04:00 ET from RnR Market Research

PUNE, India, May 26, 2016 /PRNewswire/ --

The smart gas meter market is expected to reach a size of USD 2.27 billion by 2021, at a CAGR of 7.24% from 2016 to 2021 driven by factors such as government policies & mandates in developed economies and accurate billing & improved customer service.

Complete report on global smart gas meter market spread across 117 pages, profiling 11 companies and supported with 65 tables and 44 figures is now available at .

The AMR segment is estimated to be the largest market for smart gas meters in 2016. Popular in North America and Europe, this metering infrastructure is increasingly being implemented in other regions as well; it was developed initially and is less expensive than AMI, and hence, has the largest market size. However, the AMI market is projected to grow at the highest rate because of its advanced technology. Moreover, AMI reduces labor cost, and several gas utilities worldwide are replacing AMR with AMI infrastructure, further creating growth opportunities for the AMI market.

Europe is currently the fastest growing market for smart gas meters, followed by North America and Asia-Pacific. In Europe, several smart gas meter rollouts are taking place in countries such as the U.K., Spain, and France. This, coupled with the EU's (European Union) plans regarding carbon emission reductions, would drive growth in the European region. The U.K. accounted for the majority share in Europe in 2015, and France is projected to grow at the highest CAGR from 2016 to 2021.

The industry's leading players have been profiled with their recent developments and other strategic activities. These include Apator Group (Poland),Itron Inc. (U.S.), Honeywell International, Inc. (U.S.), Sensus (U.S.), Landis+Gyr (Switzerland), and Diehl Metering (U.K.), among others. Order a copy of Smart Gas Meter Market by Type (Automatic Meter Reading and Advanced Metering Infrastructure), by End-User (Residential, Commercial and Industrial) and by Region - Global Trends & Forecast to 2021 research report at .

To determine the market size of various segments and sub-segments of the PIM market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (12%), Tier 2 (36%) and Tier 3 (52%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (20%), Directors Level (5%) and others (75%) from various key organizations operating in the global smart gas meter market. The primary interviews were conducted worldwide covering regions such as APAC (60%), Europe (20%), America (15%) and RoW (5%).

On a related note, another research on Gas Sensors Market Global Forecast to 2022 says, the market is expected to be worth USD 1.01 billion by 2022, growing at a CAGR of 6.22% between 2016 and 2022. APAC is expected to grow at a high CAGR between 2016 and 2022. This report covers regions including North America, Europe, Asia-Pacific, and Rest of the World (RoW). Companies like City Technology Ltd, Dynament Ltd., Alpha sense, Amphenol Advanced Sensors, Bosch Sensortec GmbH, ams AG, SenseAir AB, FIGARO Engineering Inc. and MEMBRAPOR AG have been profiled in this 165 pages research report available at .

Explore more reports on smart meter market at .

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