According to Markntel Advisors Report, United Arab Emirates (UAE) Gas Meters Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Gas meters are referred to as the devices or systems used in residential, commercial, and industrial settings for measuring the volume of natural gas or other gases consumed. These meters are also used for monitoring consumption trends and ensuring the efficient management of gas resources.
United Arab Emirates (UAE) Gas Meters Market Research Report & Summary:
The UAE Gas Meters Market size is estimated to grow at a CAGR of around 6.32% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2019-2022
- Base Years: 2023
- Forecast Years: 2024-2030
Who are the Key Players Operating in the United Arab Emirates (UAE) Gas Meters Market?
The top companies of the United Arab Emirates (UAE) Gas Meters Market ruling the industry are:
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
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What is included in United Arab Emirates (UAE) Gas Meters Market Segmentation?
The United Arab Emirates (UAE) Gas Meters Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Traditional Gas Meters- Market Size & Forecast 2019-2030, (Thousand)
- Smart Gas Meters- Market Size & Forecast 2019-2030, (Thousand)
- By End User
- Residential- Market Size & Forecast 2019-2030, (Thousand)
- Commercial- Market Size & Forecast 2019-2030, (Thousand)
- Industrial- Market Size & Forecast 2019-2030, (Thousand)
- By Region
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
Explore the Complete United Arab Emirates (UAE) Gas Meters Market Analysis Report – https://www.marknteladvisors.com/research-library/uae-gas-meters-market.html
United Arab Emirates (UAE) Gas Meters Market Driver:
Rising Construction of Hotels & Resorts Driving Market Growth – In recent years, tourism in the UAE registered growth owing to the dominance of tourist leisure attractions & rising live events. This surge in tourism is facilitating the demand for accommodation facilities. As a result, several hotel groups, like Marriott, ITC Hotel Group, etc., are expanding & constructing new hotels & resorts in the UAE. For instance,
- In 2024, Almal Real Estate Development unveiled its plans to launch luxury hotels in the UAE, which would comprise around 422 rooms to cater to the growing demand for accommodation.
These accommodation facilities depend on gas for various operations, including cooking, which requires systems to measure gas consumption. Therefore, they are increasingly installing gas meters for accurately measuring gas consumption, ensuring efficient usage and precise billing based on actual gas usage.
Furthermore, tourism adds significantly to the overall GDP of the country. According to the Ministry of Economy, in 2023, the travel & tourism sector in the UAE added to around 9% of the overall GDP of the nation. Therefore, the government of the UAE is increasingly launching various initiatives to boost tourism & economy. These initiatives & tourism plans would enhance the construction of several hotels in the country, boosting the demand for gas meters in the UAE during the forecast period.
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