Smart Gas Meters Market Outlook to 2028

Drivers:

• Supportive government schemes, policies, regulations, mandates, targets
• Demand for insights and transparency into consumers’ power consumption to help reduce energy bills
• Increasing demand for technology in future smart cities
• Reducing the cost and the need for physical inspection
• Increasing adoption of smart gas meters due to their Benefits
• Utility’s growing need to provide a top-class customer experience by Voluntary introduction

Definition and Benefits:

Smart gas meters are electronic devices that combine smart metering technology with sensors for smart valves, gas pressure, and gas leak detectors on the same network to represent a concrete response for gas utilities to improve overall safety and efficiency but are primarily used for automatic billing applications. Anomalies (such as leaks or violations) are detected, as well as remote reading and preventative maintenance. They detect anomalies (e.g., leaks or violations), remote reading, and preventative maintenance.

Benefits:

• Efficient and quick identification of the natural gas leaks or other technical problems in the gas pipelines
• Ability to cut off the supply of natural gas remotely and quickly without entering the property in cases of a major accident, non-settlement, or termination of the supply agreement
• Convenient and accurate informa­tion about consumed natural gas, which can be obtained electroni­cally
• Permanent information on gas consumption allows consumers to re-examine their consumption habits and adjust them to save finan­cial, and energy resources

Restraints:

• Global economy slowdown due to Covid-19 and natural calamities
• Growing concerns of privacy for customers
• Lack of government support in developing countries
• Declining revenues of utilities impacting utility operating models and capital expenditure
• Limited use of piped gas connection networks

Recent Trends & Developments:

• In the United Kingdom, as part of a nationwide upgrade to the energy system, Smart meters are being installed by energy suppliers for free
• In August 2020, Badger Meter announced the availability of a new metering-as-a-service programme that includes end-to-end advanced metering deployments
• In 2020, Landis+ Gyr secured a major contract with large supplier EDF for a further 650,000 SMETS2 gas and electricity meters by June 2025
• In the UK, from January 2022, all gas and electricity suppliers will have binding annual installation targets to roll out smart and advanced meters to their remaining non-smart customers by the end of 2025.

Opportunities:

• Smart gas meters large-scale rollouts - China, the Netherlands, France, Italy, UK, EMEA
• subscription-based Smart metering as a service (SMaaS) - Germany, South Africa, Austria, New Zealand, Norway, and small utilities

Supportive schemes for smart meter installations:

• The UK, 2021-Warm Home Discount

Publisher's smart gas meters market report provides insights into the current global and regional Global market demand scenario and its outlook.

This study offers a detailed analysis of various factors instrumental in affecting the smart meters market's growth. The study also comprehensively analyses the market based on the type of smart gas meter (AMR and AMI), and geography (North America, Europe, Asia-Pacific, and the Rest of the world).

This report also includes the latest market trends, drivers and restraints, present and future opportunities, new projects, the global impact of Covid-19 on the smart gas meters market, and significant developments.

Further, the report will also provide smart meters market size, demand forecast, and key competitors in the market.


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