Smart Gas Metering Systems Market Size Showing USD 11 Billion by 2024 Smart Gas Metering Systems Market | Page 3

Smart Gas Metering Systems Market Size & Forecast, 2017 - 2024
Regional Growth:
• U.S. smart gas metering systems market size is projected to witness robust growth owing to
strict regulations mandated by American Recovery and Reinvestment Act (ARRA) towards
accurate billing coupled with rising adoption of meters. In 2009, ARRA in association with the
Department of Energy (DOE) invested more than USD 30 billion to encourage a wide range of
clean energy projects across the nation including smart grid enhancement to reduce energy
costs.
• Japan is a mature market as it was among the first nations in the world to adopt these
systems. Tokyo Gas, one of largest gas providers in the country, has nearly 2 million
subscribers and has been providing these products since 1998.
• UK accounted for over 15% of the Europe smart gas metering systems market share in 2016.
Favorable directives set by the Office of Gas and Electricity Markets (OFGEM) and the
Department of Energy and Climate Change (DECC) will complement demand. Government of
UK aims to install advanced meters in every household by 2020.
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