MarkNtel Advisors recently published a detailed industry analysis of the United Arab Emirates (UAE) Gas Meters Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
United Arab Emirates (UAE) Gas Meters Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The United Arab Emirates (UAE) Gas Meters Market size is estimated to grow at a CAGR of around 6.32% during the forecast period, i.e., 2024-30.
What are the major Driver the United Arab Emirates (UAE) Gas Meters industry?
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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What segments define the United Arab Emirates (UAE) Gas Meters Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Type
- Traditional Gas Meters- Market Size & Forecast 2019-2030, (Thousand)
- Smart Gas Meters- Market Size & Forecast 2019-2030, (Thousand)
According to report, Of them all, smart gas meters hold a prominent share of the UAE Gas Meters Market.
- By End User
- Residential- Market Size & Forecast 2019-2030, (Thousand)
- Commercial- Market Size & Forecast 2019-2030, (Thousand)
- Industrial- Market Size & Forecast 2019-2030, (Thousand)
According to report, The residential segment held the dominant share in the UAE Gas Meters Market. The UAE is emerging as a global business hub, with companies expanding their operations within the UAE.
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United Arab Emirates (UAE) Gas Meters Market Share & Competitive Landscape:
United Arab Emirates (UAE) Gas Meters Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Geographical Analysis: United Arab Emirates (UAE) Gas Meters Market
- By Region
- Dubai
- Al Ain & Abu Dhabi
- Sharjah & Northern Emirates
Leading Companies in the United Arab Emirates (UAE) Gas Meters Market 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
The UAE Gas Meters Industry Recent Development:
2023: Itron Inc. unveiled a new Itron Fiber Mini Access Point (Fiber MiniAP™) that would help in managing the infrastructure for next-generation smart metering systems.
Questions Addressed in this Study
1.What factors are driving the United Arab Emirates (UAE) Gas Meters Market growth?
2.How is the United Arab Emirates (UAE) Gas Meters Market expected to grow over the next five years?
3.What are the key insights into the current trends in the United Arab Emirates (UAE) Gas Meters Market ?
4.What is the current size of the United Arab Emirates (UAE) Gas Meters Market, and how is it projected to change in the future?
6.What is the future outlook for the United Arab Emirates (UAE) Gas Meters Market in terms of technological advancements and market expansion?
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