UN climate targets and relevant energy efficiency measures have driven the adoption of smart gas meters. Comprehensive use of these meters significantly curtails the consumption of fuel in gas heating systems. This, in a way, helps in the development of a fully automated grid. Furthermore, the macroscale adoption of smart gas meters facilitates two-way communication enablement, remarkably enhancing distribution and smart grid operation. Against this backdrop, various consumers as well as suppliers are preferring smart meters over traditional meters. Moreso, improved efficiencies through the provision of real-time data have further amplified their installation at a prominent pace. Such a landscape is assuring influential growth across the smart gas meter market.
Growing Awareness of Effective Gas Management & Significant Cost Savings Have Surged Adoption of Smart Gas Meters
Smart meters are futuristic tools actively replacing gas and electricity meters at scale. These meters effectively measure the amount of electricity and gas utilized by individuals and provide the information safely to the energy suppliers. A portable in-home display further assists in showcasing real-time data on energy consumption and relevant costs. Hence, the usage of smart meters promotes good energy habits and lofty savings through consistent monitoring. Various tariffs on offer coupled with growing awareness of effective management of gas and acceptance of end-to-end web monitoring technologies have propelled the demand for the smart gas meter on the global front.
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Advanced Metering Infrastructure (AMI) Technology to Create a Domino Effect on Smart Gas Meter
By leveraging Advanced Metering Infrastructure (AMI) technology, various gas and utility companies are able to curb the costs of equipment and maintenance. In addition, the intervention of AMI technology aids brisk restoration of services at times of outages. It effectively detects meter failures and enhances billing accuracy. The availability of time-based rate options further enables consumers to streamline their energy consumption and save money. Such financial benefits associated with Advanced Metering Infrastructure (AMI) technology are steering the installation of smart gas meters. Furthermore, this cutting-edge technology also helps in the maintenance of customer-gas transparency, keeping customers and suppliers updated with precise readings and eliminating any miscommunication.
Europe to Reign Supreme in Smart Gas Meter Market with Favorable Government Support & Significant Roll Outs
In Europe, the government is taking drastic steps and initiatives to encourage the installation of smart energy meters. Likewise, the transformation of the region’s infrastructure is yet another factor driving growth in the European market. European directive to curtail 80% of carbon emissions by 2050, increased production of smart meters, and growing awareness apropos to energy crisis is further increasing the demand for smart gas meters. To this end, Europe is expected to lead the global smart gas meter market.
Prominent Market Players
Some of the leading players operating in the global smart gas meter market include Apator Group, Master Meter, Itron, Landis+Gyr, EDMI, Honeywell International, Chint Group Co. Ltd., Aclara Technologies, Raychem RPG, Diehl Metering, Zenner, and Sensus (Xylem).
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