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Smart Metering-as-a-Service Will Create a New Revenue Stream for Manufacturers in the Regulated Smart Gas Meter Market
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This global smart gas meter market research service is an update on the 2016 study and will provide insights on the latest developments within the market, including forecasts on unit shipment and associated revenue for all the major regions. The forecast period is from 2016 to 2026, providing a comprehensive view about the timeline for crucial smart meter roll-outs, which although fewer than those for electricity are still significant. Europe, the Middle East, and Africa (EMEA) becomes the key regional smart gas market ahead of North America due to roll-outs in Europe and the growing demand in the Middle East and Northern Africa. Sales in North America is expected to peak in 2021 - North America has opted to retrofit existing gas meters in many states as opposed to installing new smart meters, while South America remains a nascent market. Asia-Pacific will become the second largest regional market within the next 10 years. The study also includes market share analysis at the global and regional levels.
The key drivers behind the growth of smart gas metering are recent regulatory changes that have boosted competition, new construction and increased gasification rates, an increasing awareness regarding energy efficiency and the linking of smart gas meter rollouts to those of electricity, which is the case in France, the Netherlands and the UK. The key restraints on the market include delays in standardization and compliance, which are vital for ensuring interoperability, some roll outs being postponed or cancelled due to a negative cost-benefit analysis, which has occurred in a number of European countries including Germany, Lithuania and Belgium and concerns related to cyber security.
In terms of technology, smart gas remains split between mechanical and ultrasonic technology. In some cases this is due to specific country market regulations, but it can just be left to the preferences of individual utility companies.
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