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China Smart Gas Meter Market Size, Share And Forecast 2019-2025

China Smart Gas Meter Market Size, Share And Forecast 2019-2025

Submitted by • February 17, 2020 www.https

China is expected to hold the significant share in the smart gas meter market in the Asia-Pacific region and is expected to grow at a CAGR of 6.5% 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%.

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