Market Research Report
China Smart Gas Meter Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||925743|
Delivery time: 2-3 business days
|China Smart Gas Meter Market 2019-2025|
|Published: January 15, 2020||Content info:||
China is expected to hold the significant share in the smart gas meter market in the Asia-Pacific region during the forecast period. There is significant consumption of natural gas in the region. In September 2019, a report was published by the petroleum and natural gas department under the National Energy Administration (NEA), which states that significant growth in the consumption of natural gas will be recorded till 2050 in the country. It provides a significant opportunity for smart gas meters in the country. The natural gas consumption of the country reached 280.3 billion cubic meters in 2019 with a year-on-year growth of 17.5%, it is expected to reach 310 billion cubic meters in 2019 with a growth of 10%.
The country has a significant scope in the natural gas infrastructure, China is the second-largest consumer of natural gas however have only about 133,000 km gas pipelines which are only one-fifth of the length of the gas pipeline of the US. The country has various natural gas-producing regions, which includes western and central parts of the country and offshore basins. The companies in China also explore natural gas other technologies such as deepwater, shale gas, and gas derived from coal seams. The first deepwater field was introduced in 2014 in the country.
Significant activities are ongoing in the country related to natural gas in the country. In December 2019, a new pipeline of natural gas started in China from Russia. The cost of the whole project was around $55 billion. In the same month, the country announced to launch a new national oil and gas pipeline company in order to offer fair market access to infrastructure and also to motivate investment in oil and gas production. Till date, most of the pipeline infrastructure is controlled by PetroChina, which often does not have access to pipelines at competitive rates. It can restrict the new investment in oil and gas technology due to inadequate access to gas pipelines.
The market study of the China Smart Gas Meter market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report is intended for smart gas meter manufacturers, distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.