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(Wireless-NewsWire.Com, August 16, 2019 ) The demand for smart gas market is driven by the requirement of improved energy-efficient solutions, which is leading toward more sophistication of solutions and services. Furthermore, increasing adoption of integrated wireless communication solutions is also providing a push to the market by reducing field visits.
The smart gas market size is expected to grow from USD 11.25 Billion in 2017 to USD 21.75 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.1% during the period of 20172022.
Browse 75 market data tables and 72 figures spread through 143 pages and in-depth TOC on "Smart Gas Market by Device (AMR & AMI Meters), Solution (GIS, SCADA, Asset Condition Monitoring and Performance Management, MDM, Outage Management & Remote Monitoring), Service (Consulting, Deployment, & Managed) and Region - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/smart-gas-management-market-237135778.html
The major vendors covered in the smart gas market for this study include:
ABB Group (Zurich, Switzerland)
Aclara Technologies LLC (Hazelwood, Missouri)
Badger Meter, Inc. (Wisconsin, U.S.)
Cap Gemini S.A. (Paris, France)
CGI Group Inc. (Montreal, Canada)
Diehl Stiftung & Co KG (Nuremberg, Germany)
Elster Group GmbH (New Jersey, U.S.)
General Electric Company (Massachusetts, U.S.)
IBM Corporation (New York, U.S.)
Itron Inc. (Washington, U.S.)
Landis+Gyr (Zug, Switzerland)
Oracle Corporation (California, U.S.)
Schneider Electric SE (Rueil-Malmaison, France)
Sensus (North Carolina, U.S.)
Silver Spring Networks, Inc. (California, U.S.)
Verizon Communications, Inc. (New York, U.S.)
The remote monitoring solution for gas utilities deals with remotely controlling the essential types: hardware & software, such as Programmable Logic Controller (PLC), Human Machine Interface (HMI), & Supervisory Control and Data Acquisition (SCADA) systems. The solution has the ability to track asset performance, which provides real-time data during gas operations. Factors, such as production time, leakage rate, energy usage, and climatic conditions can all be collected, analyzed, & presented to the responsible personnel, in terms of performance data and ability to control data, such as remotely shutting off gas operations.
AMR meters are capable of capturing, storing, and transmitting meter data to the main server. Backed by the remote monitoring feature of AMR meters, the functionalities of AMR meters have expanded from billing to events alarms, such as tamper, leak detection, flow monitoring, demand forecasting, demand response management, low battery notification, and remote shutdown.
As per the geographic analysis, the North American region would witness significant growth in the smart gas market over the forecast period, due to massive upcoming projects in the region. North America has the highest installation (over 50%) of AMR meters. During the last few years, numerous utilities in the U.S. have boarded on advanced smart gas schemes, where one of their main objectives is to deploy second-generation advanced metering infrastructure, communication modules, asset management, workforce management, security features, analytics, and Meter Data Management (MDM).
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