Japan Smart Gas Metering Systems Market is set to witness high growth owing to subsequent growing consumer interest toward billing transparency coupled with modernization of conventional metering infrastructure. For instance, Ministry of Economy, Trade and Industry (METI) has undertaken initiatives to install smart meters by 2020 in Japan.
UK Smart Gas Metering Systems Market will expect lucrative gains during the forecast period. As per reliable estimates, the United Kingdom presently has around 7.7 million smart gas and electricity meters installed across the nation. Indeed, the UK government aims to have close to 53 million smart meters live by the end of the decade. UK’s mission is being actively supported by Landis+Gyr, one of the key players of smart gas metering systems industry.
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Given that energy conservation has emerged as a major global issue of concern, smart gas metering systems market have been forecast to help toward building an efficient energy network in the near future. Having recognized their potential, numerous governments, have started deploying high-tech smart meters in order to provide the benefits of clean energy products and digital technologies to grid operators and homeowners. The British government has been particularly proactive in this regard, and even plans to deploy next-generation smart gas meters for individual household usage. This installation is certain to help consumers monitor energy supply and tariff for time-based energy usage.
AMR smart gas metering systems market will witness robust 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.
Similar to Landis+Gyr, numerous other companies in smart gas metering systems market have been striving to bring about unique product offerings, on the grounds of which they have been inking strategic agreements with leading firms. In 2017, SK Telecom signed a MoU with Chongqing Gas, the Economic and Information Commission of Chongqing Province, and China Mobile for developing IoT assisted remote gas metering systems across Chongqing.
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Smart gas metering systems market from utilities is predicted to witness growth on account of efficient expansion of gas networks to cater the rising population index. Efforts to reduce energy costs coupled with increasing focus toward infrastructure restructuring will stimulate the smart gas metering systems market adoption during the forecast timeframe.
The adoption of smart gas meters has observed an escalating rise lately, pertaining to their incredible benefits. In accordance with the same, governments have been taking the necessary steps to implement a next-generation energy network, apart from the aforementioned initiatives. Energy companies have also been looking forward to innovating products with maximum operational efficiency. Research & developments programs are thus rampant in smart gas metering systems market. All in all, powered by a highly supportive regulatory landscape and a proactive competitive spectrum, smart gas metering systems market size has been forecast to surpass USD 9 billion by the end of 2024.
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