Key Market Players in the Smart Gas Market and Its Opportunities for growth

Smart Gas Market

The Smart Gas Market is expected to grow from $11.25 Billion in 2017 to $21.75 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.1% during the period of 2017–2022, as per a report by MarketsandMarkets.

The major drivers for upsurge in demand for the smart gas market include increasing global energy demand leading to the adoption of sophisticated technologies and replacement of aging infrastructure driving the investment in the smart gas market.

How cloud-based services would offer numerous opportunities due to huge amount of data generation?

IoT as a technology involves storing, managing, and analyzing data in real time. Cloud platforms present a perfectly cost-effective and easily deployable alternative for this issue to eliminate the need for building on-premises data centers. While IoT is all about connected devices that produce a huge amount of data, the cloud platform enables analytics derive value from the data. Cloud computing technologies are providing smart gas solution vendors a way to connect smart gas solutions installed at the control center to IoT-enabled devices. This capability would help end-users to build IoT-based sense and respond systems quickly and economically.

The cloud platform is considered to be a secure platform for the storage as well as computation of such massive amounts of data. Cloud also provides a unified platform that manages service lifecycle and organizes deployment. The emergence of IoT Platform as a Service (PaaS) deployment opportunities has increased the deployment of IoT solutions across the entire gas infrastructure. The cloud platform can help in deploying various solutions that provide gas utility companies with new ways of connecting traditional information systems to IoT-enabled devices.

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Key Market Players for Smart Gas Market

The market players, such as ABB Group (Switzerland), Aclara Technologies LLC (U.S.), Badger Meter, Inc. (U.S.), Cap Gemini S.A. (France), CGI Group Inc. (Canada), Diehl Stiftung & Co. KG (Germany), Elster Group SE (Germany), General Electric Company (U.S.), International Business Machines Corporation (U.S.), Itron, Inc. (U.S.), Landis+Gyr Inc. (Switzerland), Oracle Corporation (U.S.), Schneider Electric SE (France), Sensus USA Inc. (U.S.), Silver Spring Networks, Inc. (U.S.), and Verizon Communications, Inc. (U.S.) offer smart gas solutions, devices, & services to cater to the needs and demands of the market. These players have adopted various growth strategies, such as expansions, mergers & acquisitions, partnerships, and new product launches. Partnerships and new product launches have been the major strategical trends, accounting for more than half of the market share of all the growth strategies adopted by the major market players.

Schneider Electric SE has adopted a strategic mix of organic and inorganic growth strategies, such as new product developments, partnerships, mergers & acquisitions, and business expansions.

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