Navigant Research Report Find Global Smart Gas Meter Revenue Is Expected to Grow from $1.9 Billion in 2018 to $3.1 Billion in 2027
The business case for smart gas meters remains more challenging
than electric deployments
BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AMI?src=hash” target=”_blank”gt;#AMIlt;/agt;–A new report from Navigant
Research analyzes the global smart gas meter market, providing
market forecasts, broken out by segment, meter type, and region, through
2027.
The global natural gas metering market is undergoing a significant
long-term transition. It is shifting from traditional meters or mobile
reading devices to intelligent one- and two-way communicating meters,
providing utilities with improved data management and network
efficiency. Click
to tweet: According to a new report from @NavigantRSRCH,
global smart gas meter revenue, including hardware and software, is
expected to grow from $1.9 billion in 2018 to $3.1 billion in 2027,
representing a compound annual growth rate (CAGR) of 5.8%.
“The markets for smart gas metering technology vary significantly based
on global region,” says Michael Hartnack, research analyst with Navigant
Research. “Developed regions such as North America and Europe with
nearly fully built-out gas and electric infrastructure are witnessing
significant growth in retrofit gas metering projects, but lower growth
in new meter installations and network expansion projects. Many of these
installations have aligned closely with both electric advanced metering
infrastructure (AMI) deployments and the increased adoption of advanced
low power wide area (LPWA) networking technologies.”
Unlike electric AMI deployments, the business case for smart gas meters
is more difficult to make for many utilities, especially gas-only
utilities. According to the report, the lack of power at the meter and
varying perspectives on the value of collected gas meter data are also
among the challenges faced by gas utilities and smart gas metering
solutions providers.
The report, Smart
Gas Meters, identifies and discusses the technologies and
strategies being used in the global smart gas meter (also known as gas
AMI meter) market. The study examines the drivers, barriers, and
regional and global trends affecting the deployment of smart gas meters.
Global market forecasts, broken out by segment, meter type, and region,
extend through 2027. The report also examines the key technologies
related to smart gas meters, as well as the competitive landscape. An
Executive Summary of the report is available for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* The information contained in this press release concerning the
report, Smart Gas Meters, is a summary and reflects Navigant
Research’s current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release
or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report’s conclusions and
the methodologies used to create the report. Neither Navigant Research
nor Navigant undertakes any obligation to update any of the information
contained in this press release or the report.
Contacts
Navigant Research
Lindsay Funicello-Paul
+1.781.270.8456
lindsay.funicello.paul@navigant.com