Smart Gas Market worth 21.75 Billion USD by 2022 - Report by MarketsandMarkets

[143 Pages Report] Smart gas market categorizes the global market by device as AMR & AMI meters, by solution as GIS, SCADA, asset condition monitoring and performance management, MDM, outage management & remote monitoring, by service as consulting, deploy

(EMAILWIRE.COM, January 29, 2019 ) The major drivers for upsurge in demand for the smart gas market include increasing global energy demand leading to the adoption of sophisticated technologies and replacement of aging infrastructure driving the investment in the smart gas market.

[143 Pages Report] The smart gas market is expected to grow from USD 11.25 Billion in 2017 to USD 21.75 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.1% during the period of 2017–2022.

Objectives of the Study

1. To determine and forecast the global smart gas market on the basis of solutions, devices, services, & regions from 2017 to 2022 and analyse the various macro & micro-economic factors that affect the market growth
2. To forecast the size of market segments with respect to five main regions, namely, North America, Europe, Latin America, Asia-Pacific (APAC), and the Middle East & Africa (MEA)
3. To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
4. To analyse each submarket with respect to individual growth trends, future prospects, and contribution to the total smart gas market
5. To analyse the opportunities in the market for stakeholders by identifying high-growth segments of the market


As per the geographic analysis, the North American region would witness significant growth in the smart gas market over the forecast period, due to massive upcoming projects in the region. North America has the highest installation (over 50%) of AMR meters. During the last few years, numerous utilities in the U.S. have boarded on advanced smart gas schemes, where one of their main objectives is to deploy second-generation advanced metering infrastructure, communication modules, asset management, workforce management, security features, analytics, and Meter Data Management (MDM).

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The major vendors covered in the smart gas market for this study include ABB Group (Zurich, Switzerland), Aclara Technologies LLC (Hazelwood, Missouri), Badger Meter, Inc. (Wisconsin, U.S.), Cap Gemini S.A. (Paris, France), CGI Group Inc. (Montreal, Canada), Diehl Stiftung & Co KG (Nuremberg, Germany), Elster Group GmbH (New Jersey, U.S.), General Electric Company (Massachusetts, U.S.), IBM Corporation (New York, U.S.) Itron Inc. (Washington, U.S.), Landis+Gyr (Zug, Switzerland), Oracle Corporation (California, U.S.), Schneider Electric SE (Rueil-Malmaison, France), Sensus (North Carolina, U.S.), Silver Spring Networks, Inc. (California, U.S.), and Verizon Communications, Inc. (New York, U.S.).