Sep 25, 2017   SOURCE: BusinessWire

Utility Analytics will Positively Impact the Gas Meter Market | Technavio

Technavio’s latest market research report on the global gas meter market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170925006112/en/

Technavio has published a new report on the global gas meter market from 2017-2021. (Graphic: Busine ...

Technavio has published a new report on the global gas meter market from 2017-2021. (Graphic: Business Wire)

The global gas meter market is expected to grow at a CAGR of more than 14% during the forecast period. The global gas meter market dynamics depend on the global consumption of natural gas. Regions that have an extensive natural gas distribution infrastructure such as North America have the highest number of gas meters installed. In developing regions like APAC, where initiatives are being taken to develop and expand the existing gas supply infrastructure, the gas meter market offers immense potential for growth in the future.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

The top three emerging market trends driving the global gas meter market according to Technavio research analysts are:

  • Integration versus modular methodologies
  • Enhanced meter performance
  • Utility analytics

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Integration versus modular methodologies

Changes in regulations have a significant impact not only on the rate of smart gas meter adoption but also on the specifications that define the meter’s functional operations. Changes in regulations are a major challenge and greatly affect the stakeholders in the smart meter value chain, imposing unforeseen costs on them.

According to Gaurav Mohindru, a lead analyst at Technavio for test and measurement research, “Some meter manufacturers choose to integrate the modifications required, while the other manufacturers may opt for a more modular approach while manufacturing the smart gas meters. Manufacturers face a dilemma about whether to choose integration or the modular methodology, with the major predicament seen around functionalities, namely metrology and communication.”

Enhanced meter performance

The traditional electronic gas meters had a battery life of up to 20 years. But changing market dynamics led to the battery life of these meters being compromised with the increase in the demand for additional features like remote firmware upgrades, prepayment, wireless communication, end-to-end encryption and authentication, and remote connection and disconnection.

Meter designers can further improve the battery life by effective management of the other power-hungry operations, such as encryption. The use of components like standard ICs, integrated power solutions, linear dropout regulators, and DC/DC converters prove to be the perfect choice to address isolated performance issues.

“For designing more complex meters, the incorporation of a power management IC will offer a more effective and compact alternative solution to discrete implementation. These methods enable the reduction of meter maintenance and replacement costs, and thus help the overall industry to meet its target for the service-life necessities for the meter,” says Gaurav.

Utility analytics

Smart meters enable residential households as well as businesses to monitor their use of natural gas, thus helping them to manage their energy consumption effectively. Initially, meter readings were taken quarterly or annually by the utilities, which helped them in billing operations besides reducing manual intervention.

Since there are millions of smart meters installed across the globe, the amount of data transmitted is quite huge and poses a stiff challenge to the utilities in managing them effectively, especially when utilities are already struggling to maintain accuracy in customers and billing data management. The entire idea of mass smart metering will, thus, drive utilities to opt for effective data management solutions. This increases the popularity of utility analytics. Major smart meter manufacturers are developing infrastructure that includes analytics software that aid in the storage and management of a large amount of data from the millions of smart meters.

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.