Global Gas Meter Market | Market Research Reports Forecast - 2023

by Deepak Kumar Sr. SEO Executive

Gas Meters Market - Positive Long Term Growth Outlook 2023

The growing need for energy conservation has resulted in the increased installation of gas meters globally. Smart gas meters are able to provide precise consumption percentage or volume of gas, which facilitates the end users to plan their consumption and save money.

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Various regulations in Europe have been driving the gas meter market in the region, which in turn, is boosting the market growth. Owing to new investments by the gas meter companies, the technologically upgraded products are being launched in the market, which is increasing their demand. 

The volume of fuel gases such as propane and natural gas is measured, with the help of gas meters. Smart gas meters record gas consumption of a particular location regularly and transmit the records to the utility control center, through a communication network. 

With the introduction of centralized management system, the trend of remembering data in most of the departments has come to an end.  Presently, the adoption rate of meter data management applications is low in the gas meter market, but it is expected to increase considerably in the coming years.

With the help of smart meters, water loss can be controlled and leak detection can be improved. Theft of gas incurs more loss than that of electricity, which necessitates their safety.  One of the significant drivers for electricity companies is peak-demand reduction. 

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Some of the competitors in the global gas meter market are Siemens AG, Landis+Gyr AG, Endress+Hauser AG, Elster Group GmbH, Schneider Electric SE, ABB Ltd., GE Energy Management Inc., Itron Inc., Emerson Electric Co., and Badger Meter Inc.

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About Deepak Kumar Advanced   Sr. SEO Executive

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Created on Mar 28th 2018 08:15. Viewed 326 times.


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