District Cooling Market: Latest Trends,Analysis & Insights 2024 Gas Meters Market - Positive Long-Term Growth Outl | Page 3

Gas Meters Market
Germany, Italy, and Russia are expected to lead the Europe market for gas meters, states the
report.
Increasing Enforcement of Favorable Regulations to Propel Global Gas Meters Market
“The growing usage of natural gas as a primary energy source is the key factor behind the
growth of the global gas meters market,” states the author of this report. With natural gas
replacing crude oil in a number of applications, its consumption across the residential,
commercial, and industrial sectors has increased tremendously, which is reflecting on the growth
of this market greatly.
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On the flip side, the incompetence of gas meters in managing large data volumes generated
from smart gas meters, high initial and switching costs, and the rising uptake of hybrid metering
systems may restrict the rise of this market to some extent over the forthcoming years.
However, the rising enforcement of favorable regulations and laws regarding adoption of smart
meters is anticipated to boost this market considerably in the years to come, notes the study.
The study presented here is based on a report by Transparency Market Research (TMR) titled
“Gas Meters Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 -
2024.”
The global gas meters market has been segmented as foll ows:
Regional Analysis
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Transparency Market Research
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