The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Smart Gas Global Market Report 2024 offers crucial insights into the smart gas market help businesses analyse and build stronger strategies.

Rapid Growth of the Smart Gas Market

• 2023 Market Size: $24.47 billion.
• 2024 Market Size: Expected to grow to $28.2 billion.
• CAGR: 15.2%.
• Drivers of Growth: Regulatory initiatives, infrastructure modernization, cost reduction pressures, environmental awareness, consumer demand for efficiency.

Future Prospects and Forecasts

• 2028 Market Size: Projected to reach $50.4 billion.
• CAGR: 15.6%.
• Growth Factors: IoT expansion, smart city initiatives, renewable energy integration, global energy transition, energy management solutions.
• Major Trends:
  • Advanced metering infrastructure (AMI)
  • Data analytics and artificial intelligence
  • Cybersecurity measures
  • Renewable gas integration
  • Blockchain technology
  • Smart cities initiatives

Read The Full Smart Gas Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-gas-global-market-report

Impact of Natural Gas Usage on the Smart Gas Market

• Increased Natural Gas Usage: Driving growth in the smart gas market.
• Applications:
  • Heating buildings and water
  • Running refrigeration and cooling equipment
  • Cooking and drying clothing
  • Providing outdoor lighting
• Smart Gas Benefits:
  • Valuable data and analytical insights
  • Harmful gas detection
  • Oxygen level measurement
  • Fire hazard prevention
  • Pipe corrosion protection
  • Risk management
• U.S. Natural Gas Statistics:
  • 2021: 30.66 trillion cubic feet of natural gas used.
  • 2022: Industrial natural gas use accounted for 26% of total U.S. consumption.

Leading Companies in the Smart Gas Market

• Major Players:
  • General Electric Company
  • Itron Inc.
  • Schneider Electric SE
  • ABB Group
  • Landis+Gyr Inc.
  • Oracle Corporation
  • Elster Group SE
  • Xylem Brand
  • Aclara Technologies LLC
  • Cap Gemini S.A
  • Diehl Stiftung and Co.KG
  • Silver Spring Networks Inc.
  • International Machines Business Corporation
  • Sensus USA Inc.
  • Verizon Communications Inc.

Technological Advancements in Smart Gas

• Key Trend: Adoption of new technologies by major companies.
• Example:
  • Hestan Cue: Launched Hestan Smart Gas burner.
    • Features Bluetooth technology
    • Inbuilt culinary sensors
    • Automatically adjusts cooking temperature
    • Dual-flow gas system heats from 100 to 500 degrees Fahrenheit.

Strategic Acquisitions in the Smart Gas Market

• Vikas Lifecare Limited:
  • Acquisition: Genesis Gas Solutions in January 2022.
  • Purpose: Strengthen product portfolio in smart gas products and power distribution solutions.
  • Genesis Gas Solutions: India-based company operating in smart gas.

Market Segmentation

• By Device:
  • Automatic Meter Reading (AMR)
  • Advanced Meter Infrastructure (AMI)
• By Solution:
  • Supervisory Control and Data Acquisition (SCADA)
  • Geographical Information System (GIS)
  • Enterprise Asset Management
  • Mobile Workforce Management (MWM)
  • Meter Data Analytics
  • Gas Leak Detection
  • Meter Data Management (MDM)
• By Service:
  • System Integration
  • Program Management
  • Installation
• By End-User:
  • Commercial and Industrial
  • Residential

Regional Insights

• Largest Region in 2023: North America.
• Fastest-Growing Region: Asia-Pacific during the forecast period.

Get A Free Sample On The Global Smart Gas Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=10164&type=smp

The Smart Gas Global Market Report 2024  provides a comprehensive outlook of the smart gas market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The smart gas market forecast offers a thorough analysis on smart gas market size, smart gas market share, prominent players and their strategies.

The Table Of Content For The Smart Gas Market Include:
1. Smart Gas Market Executive Summary
2. Smart Gas Market Segments
3. Smart Gas Market Size And Smart Gas Market Growth Rate
4. Key Smart Gas Market Trends
5. Major Smart Gas Market Drivers
……
25. Key Mergers And Acquisitions In The Smart Gas Market
26. Top Smart Gas Companies
27. Smart Gas Market Opportunities And Strategies
28. Smart Gas Market, Conclusions And Recommendations
29. Appendix

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