Analysis of Smart Gas Solutions market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Smart gas solutions comprise remote monitoring, asset management, and analytics, and data management. Smart gas solutions help the companies and natural gas utilities achieve preventive maintenance, offer convenient services, and increase profits. Smart gas meters, automated meter reading, meter data management, advanced metering infrastructure, supervisory control, and data acquisition are some of the widely used smart gas solutions.
Smart gas solutions provide real-time data and improve the overall process of business. Moreover, companies are focusing on deploying smart gas solutions that provide data accuracy, reliability, and accessibility. Companies are developing new solutions for the gas industry by including innovative technologies such as big data, IoT, cloud computing, and artificial intelligence in the advanced metering infrastructure.
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Some of the leading players in the smart gas solutions market are Aclara Technologies LLC, Badger Meter, Inc., ABB Limited, CGI Group Inc., Capgemini S.A., Dandong Dongfa, Elster Group GmbH, Silver Spring Networks, GE Grid Solutions, Sensus, Schneider Electric SE, Holley Technology Ltd., DTE Energy Co., and Itron Inc.
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Big data and Internet of Things (IoT) are playing an important role in various industries by driving operational efficiencies and improving customer services. Companies are increasingly adopting smart gas solution including both IoT and big data to achieve intelligent metering, monitoring, and measurement of gas resources.
Owing to the rise in gas leakage and gas detection problem, companies are focusing on developing smart solutions to detect gas leakages which includes IoT based smart gas monitoring systems along with the use of sensors to detect gas leakage and alert the user. Meanwhile, with the increasing use of smart meters capturing the data, companies are also focusing on employing big data to handle large datasets. Companies in the energy sector are also collaborating with tech companies for customized big data and IoT solutions.
Owing to the increasing capital expenditure on the gas infrastructure globally, the healthy growth is expected in the smart gas solutions market. According to the International Energy Agency (IEA), natural gas production is rising every year since economic crisis of 2009, hence, many countries are developing gas infrastructure to feed industries, power plants, and households.
Gas consumption is also likely to grow in the coming years. According to some industry experts, gas is likely to overtake coal as the second leading source of energy behind oil in the next few years. This is likely to drive the development of gas transmission and distribution infrastructure including gas pipeline infrastructure, this, in turn, will drive demand for smart monitoring systems and data analyzing systems to ensure smooth operation and efficiency.
Smart meters are gaining popularity in the water, gas, and electricity industry, however, the limited battery life in smart meters is emerging as one of the biggest challenges in the smart gas solutions market. Hence, companies are focusing on improving and maximizing battery life, thereby, maximizing the overall meter life. Moreover, manufacturers in the smart gas solutions market are also designing smart meters with upgradable software that can modify the battery consumption during the operating life.
Another challenge faced by the manufacturers in the smart gas solutions market is the high cost of the products owing to the integration of advanced technologies. Hence, companies are focusing on innovative solutions that can be provided at a reasonable price. Moreover, managing and minimizing the cost of the products in the smart gas solutions market is also becoming difficult due to rising competition.
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The smart gas solutions market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with smart gas solutions market attractiveness as per segments. The report also maps the qualitative impact of various market factors on smart gas solutions market segments and geographies.
Based on the product type, the smart gas solution market is segmented into
The research report presents a comprehensive assessment of the smart gas solutions market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to smart gas solutions market segments such as geographies, application and industry.
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