The Smart Gas Market report published by Data Bridge Market research is the representation of data and analysis of the market. It gives detailed analysis of the current market scenario and a market forecast till 2026. The data included in this Smart Gas Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry. The inclusion of the statistical records in the Smart Gas Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.
Global Smart Gas Market is expected to rise from its initial estimated value of USD 14.22 billion in 2018 to an estimated value of USD 38.35 billion by 2026, registering a CAGR of 13.2% in the forecast period of 2019-2026.
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Market Definition: Global Smart Gas Market
The smart gas devices are very helpful in monitoring solution for gas utilities deals remotely. These devices play a very important role in tracking asset performance which provides real-time data during gas operations. The smart meters help in capturing, storing, and transmitting meter data to the main server
Key vendors operating in the Smart Gas Market:
Few of the major competitors currently working in the smart gas market are ABB (Switzerland), Aclara Technologies LLC (U.S.), Badger Meter, Inc. (U.S.), Capgemini. (France), CGI Inc. (Canada), Diehl Stiftung & Co. KG (Germany), Elster Group SE (Germany), General Electric Company (U.S.), International Business Machines Corporation (U.S.), Itron, Inc. (U.S.), Landis+Gyr (Switzerland), Oracle (U.S.), Schneider Electric (France), Sensus (U.S.), Silver SpringNetworks (U.S.),Verizon (U.S.), (Germany), IBM Corporation (US), Emerson Electric(US), Honeywell International Inc. (US), Yokogawa Electric Corporation (Japan), are few among others.
Recent Developments in the Market:
- In April 2019, Alon Gas Mulling Merged With Tamar Petroleum. With this merger tamar petroleum will expand its business in Israel.
- In Jan 2018, Itron, Inc. Acquired Silver Spring Networks. This acquisition enhanced tron’s capabilities and advanced its strategy of delivering highly-secure, value-generating solutions for utilities, smart cities and the broader industrial IoT sector
Market Drivers and Market Restraints:
Market Drivers:
- Increasing demand for mobile electronic devices that have the capabilities to control the various devices and have a modern display from the various events and conferences is also expected to drive the market growth
- Rapid urbanization and technological advancements are driving the market for global smart gas.
- There is increase in global energy demand that is expected to drive the market growth.
- There is increase in amount of economic and regulatory support that is also driving the market growth.
Market Restraints:
- There is lack of awareness and skilled workforce in gas market which is expected to act as a restraint to the market growth
Competitive Analysis
Global smart gas market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart gas market for Global, Europe, North America, Asia-Pacific and South America
Why to purchase this report?
Following are the reasons to consider this Smart Gas Market report:
- This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
- The report analyzes various factors which act as drivers and restraints to development the overall Smart Gas Market.
- This report not only analyzes present market condition but it likewise estimates how the Smart Gas Market is going to perform for estimated time period of 2019-2026.
- It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
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