Gas Meter Market to reach $2 billion annually in 2013

IMS Research IMS Research

Revenues for the global gas meter market are to surpass $2 billion annually in 2013, according to a new market study from IMS Research. New advanced metering initiatives and construction in developing countries are forecast to grow market revenues to over $2.7 billion by 2016.

The EMEA (Europe, the Middle East and Africa) region is expected to see especially strong growth, at approximately 12 percent year-over-year until 2016 at least, due in large part to EU member countries issuing directives for communicating gas meters to be installed in homes and businesses in the coming years.

Asian countries will also see significant gains as developing markets continue to expand their gas infrastructure and more developed markets move towards advanced solutions.

According to Jacob Pereira, an analyst at IMS Research: “In a market as conservative as the gas meter market this kind of growth is nearly unheard of .Utilities are understandably reluctant to replace meters that have a typical lifespan of 30-40 years for newer technologies. ”

“As regulators around the world require increased functionality from gas meters, some utilities are being forced to replace meters early, resulting in larger shipment numbers than had been observed in the past.”

“Until relatively recently, advanced gas meter solutions were almost exclusively limited to the North American market, but we’ve observed a rapid change from the status quo to advanced meter adoption in many areas of the world.”

This is good news for those who work in the gas meter market, which typically sees very little activity outside of the replacement of worn-out meters and the installation of meters on new construction.

Pereira adds: “The adoption of higher-value metering systems is exciting news for the once conservative gas meter industry. Historically, profit margins have been razor thin as suppliers only provided the robust and proven diaphragm technology. Labor cost savings along with various country mandates for improved utility infrastructure will continue to grow the market for the foreseeable future.”


Aeris to acquire IoT business from Ericsson

Posted on: December 8, 2022

Ericsson and Aeris Communications, a provider of Internet of Things (IoT) solutions based in San Jose, California, have signed an agreement for the transfer of Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses.

Read more

Telenor IoT passes milestone of 20mn SIM cards

Posted on: December 8, 2022

Telenor, the global IoT provider and telecom operator, has experienced rapid growth over the last years and ranks among the top 3 IoT operators in Europe and among the top IoT operators in the world. The positive development is due to an accelerated pace of new customers combined with a successful growth of existing customers’

Read more

The IoT Adoption Boom – Everything You Need to Know

Posted on: September 28, 2022

In an age when we seem to go through technology boom after technology boom, it’s hard to imagine one sticking out. However, IoT adoption, or the Internet of Things adoption, is leading the charge to dominate the next decade’s discussion around business IT. Below, we’ll discuss the current boom, what’s driving it, where it’s going,

Read more

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more