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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