Planet Market Reports has added a report, titled, “Global Gas Meters Market 2017 Forecast to 2025.”
Gas Meters Market
Industry Outlook and Trend Analysis
The Gas Meters Market was worth USD 1.23 billion in 2014 and is expected to reach approximately USD 2.33 billion by 2023, while registering itself at a compound annual growth rate CAGR of 7.36% during the forecast period. As natural gas progressively replaces crude oil for energy requirements, the gas meters market observes uplift. Apart from burning cleanly discharging couple of results into the environment on combustion, economic viability and non-toxicity make for boosting demand of natural gas. While underground pipelines for natural gas defend the risk of supply disturbance, need to limit losses transmission and dissemination require installation of meters in the supply system. This empowers exact recording of gas thrust towards the start and gas recovered toward the end. Rising popularity of smart meters for advantages of transmission of energy usage at regular intervals are favouring the gas meters market.
Product Type Outlook and Trend Analysis
Diaphragm segment, among the different product types, is anticipated to dominate the market over the forecast period. The development of the portion is for the most part a direct result of expanding number of residential gas subscriptions for cooking and heating requirements. Turbine gas meters, then again, are anticipated to rise substantially through the estimate time frame. Expanding usage of natural gas for industrial tasks is predominantly boosting the adoption of turbine gas meters.
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Application Outlook and Trend Analysis
The residential fragment is the leading among the others and is anticipated to continue dominating over the forecast period. Expanding number of residential gas associations is anticipated to bolster the sales of gas meters for residential needs. However, the industrial fragment is anticipated to enlist the main CAGR through 2024 on the back of expanding usage of natural gas for industrial operations.
Regional Outlook and Trend Analysis
Asia Pacific is a major market for gas meters. Economic growth in developing economies leading to the increasing usage of LPG as a domestic fuel is booming the sales of gas meters. Industrial growth in upcoming economies leading to increasing usage of natural gas is stoking demand for gas meters. These factors are benefitting the Asia Pacific gas meters market.
The leading players in the market are Itron, Dandong Donga Co, Elster GmbH, Diehl Gas Metering GmbH, EDMI Ltd and Apator. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Gas Meters Market is segmented as follows-
By Product Type:
Diaphragm Gas Meters
Turbine Gas Meters
Rotary Gas Meters
Ultrasonic Gas Meters
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
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Name: Jennifer Daniel
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