North America’s smart gas meter market has considerable market growth at a CAGR of 7.1% during the forecast period. This market is mainly driven by the well-developed automatic meter reading infrastructure and ICT industry. As per the World Bank, the cumulative GDP of North America was $22.2 trillion in 2018. The economic strength and well-established technology infrastructure of North America provides a solid platform for the growth of the smart gas meter market.
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Further, North American smart gas meter market contributed a significant share, holding a second dominant position, in the global smart gas meter market in 2018. The market was valued at around $1.3 billion in 2018 and projected to reach nearly $2 billion in 2025 by witnessing a CAGR of 7.1% during the forecast period. North America’s smart gas meter market is segmented on the basis of countries; the US and Canada. The US held the largest market value in the North American smart gas meter due to government projects for smart cities and the high adoption of the smart gas meter coupled with aging infrastructure.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
North American Smart Gas Meter Market by Type
- Advanced Metering Infrastructure (AMI)
- Automatic Meter Reading (AMR)
North American Smart Gas Meter Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- United States
- Canada
Company Profiles
- Aclara Technologies LLC
- Badger Meter, Inc.
- Diehl Stiftung & Co. KG
- Eaton Corp.
- Elster Group (Honeywell International Inc.)
- Itron Inc.
- Jabil Inc.
- Landis+Gyr AG
- Sensirion AG
- Siemens AG
The Report Covers
- Comprehensive research methodology of the North American Smart Gas Meter market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American Smart Gas Meter market.
- Insights about market determinants which are stimulating the North American Smart Gas Meter market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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