The development of meter data management applications has led to better operational functioning of utilities. With the introduction of a centralized management system, the trend of retaining data in each department has almost come to an end.
Meter data management applications provide a centralized platform for every department to share its information in an organized manner, leading to an increase in productivity and a reduction in cost. This leads to the more collaborative functioning of the organization, which helps it understand the customer better and enhance its services. At present, there is low adoption of meter data management applications in the market; however, the adoption is expected to increase extensively during the forecast period, thereby having a positive impact on the growth of the Global Gas Meter market.
Analysts forecast the Global Gas Meter market will grow at a CAGR of 9.33 percent over the period 2014-2018. According to the report, one of the major drivers is the increasing demand for smart gas meters. The ability of smart gas meters to provide an exact consumption volume or percentage has helped end-users plan their consumption and thus save money. This has led to increased demand for smart meters in the Residential, Commercial, and Industrial sectors.
The Global Gas Meter market can be segmented into two product segments: Basic Gas Meter and Smart Gas Meter.
Global Gas Meter Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Gas Meter market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in Global Gas Meter Market: Elster Group SE, GE Co., Itron Inc., Landis+Gyr AG, ABB Ltd., Badger Meter, Inc., Diehl Metering Group, Endress+Hauser, Emerson Electric Co., Krohne Group, Schneider Electric S.A, Siemens AG, Sensus USA Inc.
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Key Market Driver
- Increasing demand for smart gas meters.
Key Market Challenge
- Difficulty in managing large data volume.
Key Market Trend
- Development of meter data management applications.
Further, the report states that increased usage of smart gas meters leads to the need to manage a large amount of metering information. The lack of a centralized system to manage the data has an adverse effect on the revenue generation of a company; for instance, delay in bill creation leads to delay in the company's cash inflow.
Key Questions Answered in this Report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors
Media Contact: Ritesh Tiwari, ReportsnReports, +1 888 391 5441, [email protected]
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