Smart Gas Meter Systems Market in AMI technology to reach over 20 million units of annual installation by 2024

AMI smart gas meter systems market will witness robust growth in the coming years . AMI monitors consumption along with time and are designed to transmit the pricing information from the utility to the consumer. The implementation of these systems in the infrastructure can streamline the operations of utilities while reducing expenditures, extending services, and providing greater safety.

Intensifying need to eliminate losses during gas distribution coupled with the reduction of operational expenditure of traditional metering systems will enhance the smart gas meter systems market. Increasing focus toward reduction of energy theft and the need to effectively monitor the energy consumption patterns will further embellish the industry landscape. In 2013, the IEA predicted the world’s energy consumption to grow by 56% between 2010 to 2040. The deployment of smart meters will thus serve as an affordable solution to address the problem of rising energy consumption.

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Growth Drivers:

1.   Favorable government directive

2.    Energy conservation

3.    Workforce management and operational efficiency

4.    Improved customer service and billing accuracy

AMR smart gas meter systems market will witness substantial growth on account of its ability to remotely monitor energy usage. Increased profitability, easy availability, low installation cost and affordable maintenance are some of the significant parameters which will boost the product adoption.

A fundamental vertical of the sustainable & smart technologies industry space, smart gas meter systems market has evolved as a highly lucrative business sphere. The increasing consciousness regarding energy conservation and saving has triggered the adoption of next-generation technologies that have outdone the traditional utilities used across the electricity sector. This paradigm shift has been taken note of duly by regional governments and regulatory bodies as well, that have been striving by the hour to adopt energy saving devices. Indeed, many regional governments have already begun to implement IoT based gas metering techniques across residential and commercial sectors, providing a major impetus to the overall smart gas metering systems industry outlook.

Smart gas metering systems industry has indeed successfully paved its way across myriad geographies, thanks to the numerous programs being conducted with regards to their rapid adoption. Recently for instance, Pietro Fiorentini announced that it would soon launch its RSE Smart Gas Meter embedded with 3GPP Narrowband-IoT connectivity in Europe smart gas meter systems market. Indeed, this is the first Smart Gas Meter along with NB-IoT connectivity that has officially received the approval of the European Union. The product’s trials have already been successfully carried out across countries such as Spain, Portugal, Estonia, China, Poland, Iran, Lithuania, Italy, Ireland, and Sweden.

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