PUNE, India, Oct. 21, 2016 /PRNewswire-iReach/ -- Pune, India, October 20, 2016 /MRFR Press Release/- Market Research Future Published a Half Cooked Research Report on Smart Gas Meters market.

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The global market for Smart Gas Meters is expected to grow at a CAGR of about 7% between 2016 and 2022.

Market Highlights

The Global Smart Gas Meters Market is estimated to be a lucrative market within the upstream oil & gas industry. It Advantages of smart gas meters such as accurate billing, enhanced customer experience, and improved customer service are expected to be the driving factors for Smart Gas Meters Market in developing countries.

Taste the market data and market information presented through more than 40 market data tables and figures spread over 115 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Smart Gas Meters Market Research Report -Forecast to 2022".

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Smart Gas Meters Market:

The global smart gas meter market is expected to grow at about 7% CAGR during the forecast and reach almost $ 3.5 billion by 2022. The smart gas meter market is expected to grow at a rapid pace primarily due to government roll-outs, and implementations of mandates & policies, in developed economies.

Government mandates are another source of increasing demand acting as a market driver. Government policies specifically in North America, Europe and Asia-Pacific region are targeting maximum roll outs of Smart Gas Meters in households to ensure efficient energy usage.  The development of smart grids is widely considered to be a key enabler of the transition towards a low carbon economy.

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The major participants of this market are Landis+Gyr (Switzerland), Itron Inc. (U.S.), Apator Group (Poland), Honeywell International, Inc. (U.S.), Diehl Metering (U.K.), Raychem RPG (India), Sensus (U.S.), Dandong Dongfa Group Co. Ltd. (China), EDMI Limited (Singapore), and Chongqing Shancheng Gas Equipment Co. Ltd. (China).

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Market Research Analysis:

Both North America and Europe are estimated to hold a dominating share within the smart gas meter market. European region is expected to have the fastest growth in next half a decade. However, Asia-Pacific region is also projected to register a considerably high growth rate during the forecast period. Increasing investments on account of government initiatives and roll-outs is expected to be a major driving factor for the growth of the European market.

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