Asia-Pacific smart gas meters market is expected to grow at a significant CAGR of 6.6% during the forecast period. The major factors contributing to the growth of the market in the region include the rising smart city projects and partnerships for the development of smart gas meters. A significant rise in consumption of natural gas is expected by the developing economies such as China and India in upcoming period, due to which a huge amount of government expenditure related to natural gas infrastructure will be foreseen in the region. China is significantly investing in smart city projects. The 12th Five Year Plan, which guided wide economic policy through 2015, has primarily focused on smart city technology as a sector to be reinforced. Ministries of the country, such as the National Development and Reform Commission (NDRC), the Ministry of Industry and Information Technology (MIIT) and the Ministry of Housing and Urban and Rural Development (MOHURD) are jostling to sponsor programs and industry alliances.
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Apart from these, a significant partnership for the development of smart gas meters is further strengthening the market growth in the region. For instance, in May 2019, Semtech Corp., a supplier of analog and mixed-signal semiconductors products partnered with Goldcard Smart Group Co., Ltd., a provider of smart public utility solutions in China, to support gas utilities to optimize their operations. Owing to this the demand for smart gas meters is estimated to grow significantly in China.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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
Asia-Pacific Smart Gas Meter Market by Type
- Advanced Metering Infrastructure (AMI)
- Automatic Meter Reading (AMR)
Asia-Pacific Smart Gas Meter Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Diehl Stiftung & Co. KG
- Eaton Corp.
- Elster Group (Honeywell International Inc.)
- Itron Inc.
- Landis+Gyr AG
- Sensirion AG.
- Siemens AG
- Wasion Group
- Suntront Tech Co., Ltd.
- Xylem Inc.
The Report Covers
- Comprehensive research methodology of the Asia-Pacific 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 Asia-Pacific Smart Gas Meter market.
- Insights about market determinants which are stimulating the Asia-Pacific 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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