The Global Market for Smart Gas Solutions is Projected to Exceed US$10 Billion by 2020

Accelerating Growth of Natural Gas and Transforming Gas Networks Drives Demand for Smart Gas Solutions, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Smart Gas Solutions market. The global market for Smart Gas Solutions is projected to exceed US$10 billion by 2020, driven by accelerating natural gas growth and robust demand for ICT solutions that enable intelligent metering, monitoring, measurement, and control of gas resources.

Gas is expected to become the most important and widely available energy source similar to electricity, thanks to the power-to-gas potential from renewables, especially increasing use of biogas and natural gas. The discovery of the fracking process has completely changed the outlook for natural gas worldwide. Gas utilities the world over are facing mounting challenges in ensuring safe, efficient, and cost-effective delivery of natural gas. Few of the many economic and environmental challenges faced by gas utilities include volatile gas prices; expanding population and the resulting need to meet new gas infrastructure and replace aging infrastructure; need for improving safety standards; safeguard limited natural gas resources; and meet stringent existing and upcoming regulations, among others. Against the backdrop, smart gas solutions emerge as the perfect platform for enabling proactive monitoring, metering, measuring, regulating, and safeguarding of gas resources.

Healthy growth is projected for the smart gas solutions market in the coming years driven by rising capital expenditure on gas infrastructure worldwide; increasing deployments of smart gas meters; growing popularity of customized solutions; and robust demand from gas utilities. The primary benefit offered by smart gas solutions that is driving strong adoption by utilities include the ability to efficiently expand capacities for catering to the growing population base and at the same time increase the safety and reliability quotient of existing infrastructure. Other benefits include optimum management of utility resources, components, and processes; improved gas quality; accurate metering; optimization of asset performance and profitability; greater operational and financial control of distribution networks; enhanced customer relationships; improved financial performance and productivity, and the ability to meet new challenges and opportunities through reliable and flexible metering systems and solutions. Digital technologies and the Industrial Internet of Things (IIoT) are also expected to play a major role in gas networks as gas generation technologies evolve to become the preferred energy platform against a backdrop of increasing dependence on gas.

As stated by the new market research report on Smart Gas Solutions, the United States represents the largest market worldwide. Favorable regulations and mandates, government funding, surging deployments of smart gas meters; rapid growth of the domestic natural gas sector in recent years, and presence of large natural gas and shale gas exploration projects represent key growth drivers in the country. Europe represents the fastest growing market with a CAGR of 18.7% over the analysis period driven by the rising number of national smart meter programs and introduction of innovative smart metering technologies.

Key players covered in the report include ABB Limited, Aclara Technologies LLC, Aidon Oy, Badger Meter, Inc., Capgemini SA, Chongqing Shancheng Gas Equipment Co., Ltd., CGI Group Inc., Cyan Holdings PLC, Dandong Dongfa (Group) Co., Ltd., Diehl Metering GmbH, DTE Energy Co., EDMI Limited, Elster Group GmbH, EnerNOC, Inc., GE Grid Solutions, Holley Metering Limited, Iskraemeco (UK) Ltd., Itron Inc., Landis+Gyr, Sensus, Schneider Electric SE, Silver Spring Networks, Tantalus Systems Inc., and Trilliant Holdings, Inc., among others.

The research report titled “Smart Gas Solutions: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities of major companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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