October 11, 2018 - 10:03 AM EDT
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Global Smart Wireless Propane Tank Meter Market 2018-2022| Advent of Smart Homes to Propel Demand| Technavio


The global smart wireless propane tank meter market 2018-2022 is expected to post a CAGR of over 8% during the forecast period, according to the latest market research report by Technavio.

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Technavio predicts the global smart wireless propane tank meter market to post a CAGR of over 8% by  ...

Technavio predicts the global smart wireless propane tank meter market to post a CAGR of over 8% by 2022. (Graphic: Business Wire)

A key factor driving the growth of the market is growing operational efficiency led by the emergence of smart wireless propane tank meters. For residential purposes, the use of smart wireless propane tank meters can minimize the need for emergency deliveries. The advanced technology has made tank monitoring highly accurate, which helps fuel oil and propane marketers improve delivery efficiency in line with market competitors.

This market research report on the global smart wireless propane tank meter market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the advent of smart homes as one of the key emerging trends in the global smart wireless propane tank meter market:

Global smart wireless propane tank meter market: Advent of smart homes

The advent of smart homes augments demands for smart wireless propane tank meters. Smart home products provide appropriate security features to home and industry owners. The smart home is a revolutionary technological innovation, which makes life convenient and secure.

“Security cameras, smart air conditioners, smart locking systems, smart doorbells, intruder alarms, smoke detectors, as well as smart wireless propane tank meters help in controlling and monitoring various appliances remotely,” says a senior analyst at Technavio.

Global smart wireless propane tank meter market: Segmentation analysis

This market research report segments the global smart wireless propane tank meter market by end-user (commercial and residential) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of close to 55%, followed by APAC and EMEA respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Source: Business Wire (October 11, 2018 - 10:03 AM EDT)

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