The North America gas meter market reached a value of US$ 1.3 Billion in 2018. Gas meter refers to a device which measures and regulates the volume of various fuel gases, including natural gas and liquified petroleum gas (LPG). It ensures that the pressure-regulated gas supply provides accurate bills to the consumers. Various types of gas meters are currently available in the market, based on several operational principles, like thermal, acoustic, tracer, velocity and displacement. Owing to this, they find wide applications in both the residential and commercial sectors in North America.
The North America gas meter market is currently being driven by several factors. The rising technological advancements have led to the introduction of smart gas meters with benefits, such as easier operability, remote access, controlled consumption and reduction in power outages. These advancements have also enabled the easier and convenient management of data obtained from gas meters, thus providing accuracy in bill generation and other related functions. Apart from this, the rising supply of both conventional and shale gas production has led to the development of new projects in the pipeline, thereby fueling the demand for gas meters across the region. Looking forward, IMARC Group expects the market to reach a value of US$ 1.6 Billion by 2024, registering a CAGR of more than 3% during 2019-2024.
North America Gas Meter Market
Key Regions Analysed
Analysis for Each Country
Market by Type
Market by Application
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Key Player Profiles
Key questions answered in this report:
How has the North America gas meter market performed so far and how will it perform in the coming years?
What are the key regions in the North America gas meter market?
What is the breakup of the North America gas meter market on the basis of type?
What is the breakup of the North America gas meter market on the basis of application?
What are the various stages in the value chain of the North America gas meter industry?
What are the key driving factors and challenges in the North America gas meter industry?
What is the structure of the North America gas meter industry and who are the key players?
What is the degree of competition in the North America gas meter industry?
Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Geography Covered: North America, United States and Canada
Segments Covered: Type and Application.
Report Customization: Although IMARC has tried to cover everything in the North America gas meter market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.