The Global Smart Wireless Propane Tank Meter market will register an 8.1% CAGR in terms of revenue, the global market size will reach USD 65.3 million by 2026, from USD 48.1 million in 2019.
Smart grids are being implemented around the world, with the aim of improving the efficiency of power networks. Smart electricity meters, which are an integral part of smart grids, are thus being adopted around the world. Countries around the world are adopting emission control regulations, in order to tackle the environmental effects caused by pollution. Smart meters are increasingly being adopted globally, for various deployments, such as electricity, gas, and water, due to its two-way communication feature, which enables real-time tracking of utility usage, by both utility supplier and consumer, also encourage to start/reading/cutoff of supply remotely by the supplier. Smart meters deployment also enables the implementation of a Home Energy Management System (HEMS) or Building Energy Management System (BEMS) that allows visualization of the electric power usage in individual homes or entire buildings.
Further, digitization is accelerating and modernizing energy efficiency measures, due to which the deployment of smart grids is increasing globally, as they are capable of dynamically optimizing supply and fostering supply of large amounts of electricity from renewable energy sources such as solar power.
Based on the Smart Wireless Propane Tank Meter market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields of Manufacturing & Construction. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics, and structure analysis of the downstream application fields are all analyzed in detail. To Boost the Growth of Smart Wireless Propane Tank Meter during the epidemic era, this report analyzes in detail the potential risks and opportunities which can be focused on.
The report also assesses the key opportunities in the Smart Wireless Propane Tank Meter market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Smart Wireless Propane Tank Meter Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global Smart Wireless Propane Tank Meter includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Schneider Electric, SkyBitz, Schmitt Industries, Wesroc, Tank Utility, TVL International, Mopeka and others.
Recent Development:
March 10, 2022
Tank Utility unveils the LTE Multi-Carrier Tank Monitor with autonomous network switching capabilities for the ultimate in reliability and connectivity
March 10, 2022-- Tank Utility today announces the launch of its new LTE Multi-Carrier tank monitor, the first monitor on the market to enable autonomous switching between multiple cellular carriers.
The all-new upgraded LTE Multi-Carrier tank monitor has been engineered with eSIM technology, making it capable of automatically connecting to and switching between the four major US carriers – Verizon, ATT, T-Mobile, and US Cellular – along with dozens of regional mobile network carriers.
Smart Wireless Propane Tank Meter Market is segmented based on the type, applications, companies, and regions.
By Type, Smart Wireless Propane Tank Meter Market has been segmented into
Cellular digital connectivity type reached approximately 71% of global sales volume.
By Application, Smart Wireless Propane Tank Meter Market has been segmented into
The commercial holds an important share in terms of applications and accounts for 80% of the market share.
China is manufacturing significant infrastructural investments to lay a new 40,000 km new gas pipeline that is projected to connect 470 million new people (according to GSMA). Such investments offer opportunities for the deployment of smart gas meters while considering the functional benefits that the smart metering infrastructure can provide. The Utility suppliers are joining to develop an advanced metering platform in specific regions which is projected to drive the smart gas meter in the forecast period.For instance, In January 2019, Tokyo Gas, TEPCO Power Grid, and the Industrial Technology Research Institute (ITRI) collaborated to jointly act a demonstration project to develop a next-generation metering platform in area D of the Shalun Green Energy Science City. Furthermore, ITRI also prearranged to establish seven energy-efficient smart demonstration houses in Area D. This partnership focuses on providing and installing the metering system, which consists of power meters, water meters, gas meters, gateway, and related servers.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 8.1% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Schneider Electric, SkyBitz, Schmitt Industries, Wesroc, Tank Utility, TVL International, Mopeka and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 96 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Smart Wireless Propane Tank Meter Market is studied from 2017 - 2027.
What is the growth rate of Smart Wireless Propane Tank Meter Market?
The Smart Wireless Propane Tank Meter Market is growing at a CAGR of 8.1% over the next 5 years.
Who are the leading key players in Smart Wireless Propane Tank Meter Market?
Schneider Electric, SkyBitz, Schmitt Industries, Wesroc, Tank Utility, TVL International, Mopeka and others.
What regions regions does this Smart Wireless Propane Tank Meter Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Smart Wireless Propane Tank Meter Market?
Wifi Connectivity Type, Cellular Digital Connectivity Type
What are the significant Applications of Smart Wireless Propane Tank Meter Market?
Residential, Commercial
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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