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The smart gas technology has enabled the companies to achieve greater profitability with reduced operational and maintenance costs.
The use of natural gas as an energy source for residential and commercial purposes has multiplied many folds. The high global demand for the supply of natural gas has strained the operations of various gas production and distribution companies. The quickly depleting gas reserves have widened the demand-supply deficit resulting into an energy crisis. This demand needs to be satisfied with the optimum solutions offered by the new technological frontiers. Information and communication technology (ICT) has helped provide breakthrough solution for the gas utility sector. The transformation of the conventional utility distribution patterns into an advanced communication-based architecture has improved the efficiency and effectiveness of the utility companies to serve the customers in an innovative way. The smart gas technology has enabled the companies to achieve greater profitability with reduced operational and maintenance costs.
The Smart Gas research report categorizes the market into devices, solutions and services. It provides market insights and key financial forecasts of the Smart Gas sub-markets. The solutions subsegment includes meter data management (MDM), meter data analytics, supervisory control and data acquisition (SCADA), asset management, geographic information systems (GIS), leakage detection and mobile workforce management. The services subsegment includes installation, system integration and program management.
The smart gas market is expected to experience greater growth rates in countries like France, U.K., China, Australia, Japan, U.S. and Canada due to the ambitious futuristic urbanization projects. The market in North America is expected to be the highest revenue generating regional market segment with larger market size. Some of the major smart gas solution vendors include ABB, CGI Group Inc., Elster Group SE, General Electric, Itron Inc., Landis+Gyr AG, Schneider Electric SA and Sensus.
Smart Gas Market by Devices (Smart Gas Meters, AMR gas meters, communication modules), Solutions (SCADA, GIS, EAM, Mobile Workforce Management, MDM, Analytics, Leak detection), Services - Worldwide Market Forecasts and Analysis (2014-2019)
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