Press Release

The UAE Gas Meters Market to Flourish at a CAGR of Around 6.32% During 2024-30

The UAE Gas Meters Market is anticipated to grow at a CAGR of about 6.32% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The mounting demand for gas meters in the UAE is due to the expansion of residential and commercial projects, rising industrial investments, and the surging implementation of regulations and safety standards. In the past few years, the UAE has witnessed a significant increase in population growth, driven by the rising birthrates & increasing immigrant population. This population growth has led to a heightened demand for accommodation facilities, fueling the construction of new residential units across the country. These new residential developments have gas meters installed within these buildings to accurately monitor and measure gas consumption, driving the UAE Gas Meters market.

In addition, the UAE government is focusing on promoting sustainable development. As a result, the government is encouraging the adoption of effective resource management systems. Hence, the end users are adopting gas meters since they align with the government of UAE's goal of energy conservation and efficient resource utilization, expanding the UAE Gas Meters market.

Furthermore, the UAE government is implementing regulations to uphold safety standards in gas supply systems. These regulatory frameworks would necessitate the installation of gas meters by various end-users to maintain the safety of gas pipelines or equipment and detect any potential risks, boosting the UAE Gas Meters market in the forecast period, further states the research report, “The UAE Gas Meters Market Analysis, 2024.”

Segmentation Analysis

Smart Gas Meters Hold a Major Market Share

Based on the type, the market is further bifurcated into traditional gas meters and smart gas meters. Among them, smart gas meters hold a significant portion of the UAE Gas Meters Market. Smart gas meters have remote monitoring capability that boosts operational efficiency, reduces maintenance expenses, and enhances customer service responsiveness. As a result, the end-user industries prefer smart & digital gas meters to conventional gas meters.

In addition, smart gas meters provide precise and accurate gas consumption measurements that eliminate the need for estimated manual readings. This accuracy results in fewer billing disputes and improved revenue collection. Hence, energy utility companies prefer to install smart gas meters, boosting their market share in the UAE Gas Meters Market.

Residential Segment Dominates the UAE Gas Meters Market

Based on End User, the market is divided into, Residential, Commercial, and Industrial. Of them all, Residential holds a notable share in the UAE Gas Meters market. The UAE is registering an increase in the number of visitors, professionals, and investors seeking temporary residency since the UAE is emerging as one of the leading business hubs. The increasing inbound arrival of working individuals in the country is fuelling the demand for various residential properties. Therefore, to cater to the growing demand for accommodation, numerous real estate developers are constructing residential units across the country. Hence, the ongoing surge in residential construction is spurring the demand for gas meters since real estate developers are integrating gas meters within their infrastructure, amplifying market growth.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Elster Group (Honeywell), Itron Inc., Sitex Polska sp. z o.o., Diehl Metering FZE, Prism Gas Detection Private Limited, RMGS Rombach Metering Gas Solutions GmbH, AK Infos LLC, Flowline Instruments LLC, Badger Meter Inc., Daesung Measuring, and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?