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Smart Gas Market Trends

  • Report ID: 3391
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Smart Gas Market Trends

Growth Drivers

  • Growing Concerns Associated with Greenhouse Emissions
  • Increase in Natural Gas Consumption Globally

Challenges

  • High Cost of Installation of Smart Gas Systems

Smart Gas Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

3.3%

Base Year Market Size (2023)

USD 1.71 billion

Forecast Year Market Size (2036)

USD 2.61 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Author Credits:  Dhruv Bhatia


  • Report ID: 3391
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of smart gas is evaluated at USD 1.76 billion.

Smart Gas Market size was over USD 1.71 billion in 2023 and is expected to exceed USD 2.61 billion by 2036, witnessing over 3.3% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by growing concerns associated with greenhouse emissions and increase in natural gas consumption globally.

Asia Pacific is set to dominate majority revenue share by 2036, on the back of increasing number of smart gas metering projects in countries, namely Japan and China, and high encouragement from government to deploy smart gas meters in the region.

The major players in the market are Itron Inc., ABB Ltd., Schneider Electric, Elster Group GmbH, General Electric Company, and others.
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