Gas Meters Market
gas as primary fuel. The U. K., France, 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.
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 follows:
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Regional Analysis-North America-The U. S.-Canada-Europe-The U. K.-Germany-France-Russia
Transparency Market Research
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