Smart Gas Market Cross-Sectional Analysis, Size Based on Estimates and Predictions, 2022-2028

Smart Gas Market Cross-Sectional Analysis, Size Based on Estimates and Predictions, 2022-2028

Smart Gas Market

Smart Gas Market Synopsis:

Over the next few years, the global smart gas market is likely to grow. This is because of several government mandates and regulations, as well as the need to manage resources more efficiently. The market is mostly driven by the European market, where smart gas metres are required by government rules and regulations. The goal of improving energy efficiency, which is part of the EU’s Energy Efficiency Directive, is expected to give the smart gas market a boost. Smart grid systems are also expected to help the market grow over the next few years. However, problems with the physical infrastructure, interoperability, data management infrastructure, consumer privacy, and data protection could slow the growth of the market. Collaboration between different groups of people is expected to be a key part of building a smart grid that is more secure, cost-effective, and reliable.

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Gas use as a source of energy has gone up because of rapid urbanisation and the growth of residential and commercial areas. Gas utilities face a number of problems when it comes to distributing natural gas. Smart gas technology solutions, on the other hand, offer an effective and reliable solution for the utility industry and are expected to help the smart gas market grow over the next few years. Also, the complexity of supplying and distributing natural gas has made it hard for gas utilities to keep making money in the business. This makes the use of smart gas systems even more important. Oracle, Schneider Electric, Itron, Landis+Gyr Ag, ABB, Elster, and General Electric are all important companies in this field.

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Scope of the Report:

Smart gas devices are a great way to keep an eye on gas utility deals from afar. These devices are very important for keeping track of the performance of assets, which gives gas operations real-time data. Smart metres help collect, store, and send data from the metres to the main server. The market for global smart gas is driven by the growing need for energy around the world, rapid urbanisation, and technological advances. Smart Gas Solutions include Analytics and Data Management, Asset Management, Remote Monitoring, Geographic Information System (GIS), Network and Application Security, Network Management, Mobile Workforce Management, Outage Management, Billing, and Customer Information Systems.

Smart Gas Market: Growth Factors

People also think that the need to improve energy security and the growing desire to cut down on energy waste are major factors in market growth. Gas is being used more and more, and there are more and more regulations in many places. This is a chance for the market to grow. Due to the growing use of IoT, digitalisation has moved faster in many industries, including gas and electricity. Due to improvements in IoT communication networks, grid operators and energy companies can now offer modern energy services. Along with high data processing capacity and the Internet of Things, digitalisation includes hybrid cloud infrastructure, which will make it easier and more efficient to manage networks. For example, in August 2020, Microsoft (US) and SNAM (Italy) started the first joint project on the Internet of Things (IoT) and the cloud to improve the technology and long-term growth of energy networks.

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The global smart gas market is segmented as follows:

By Device

  • AMR
  • AMI Meters

By Solution

By Service

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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