#smartgasmeter

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Smart Gas Meter Market to Reach $5.99 Billion, Globally, by 2027 at 6.9% CAGR: Allied Market Research

/PRNewswire/ -- Allied Market Research published a report, titled, "Smart Gas Meter Market by Type (Automated Metering Infrastructure (AMI) and Automated Meter...

Development of communication network infrastructure, advancements in the field of advanced metering infrastructure, and several government initiatives fuel the growth of the global smart gas meter market

[technavio]

Technology segments performance in the global smart gas meter market

The global smart gas meters market is expected to grow at a CAGR of 7.47% during the forecast period. Based on technology, the global smart gas meters market has been segmented into AMR (automatic meter reading) and AMI (advanced metering infrastructure).

AMR is being used by gas utilities to automate gas consumption readings instead of visiting each site and collecting the data manually. Hence, AMR systems are preferred by gas utilities over conventional gas meters, which involve manual gas readings. Another advantage of this technology is billing based on near real-time gas consumption instead of estimates based on past or predicted consumption.

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Originally AMR systems just acquired gas meter readings electronically and matched them with accounts. However, with technological advancements, additional data could be captured, stored, and transmitted to the main computer, and often, the metering devices could be controlled remotely. This includes event alarms such as leak detection, tamper, low battery, and reverse flow. Thus, the benefits of AMR over analog gas meters are among the factors that will drive the growth of the AMR segment of the global smart gas meters market during the forecast period.