Smart Gas Meter Revenue Will Surpass $1.5 Billion Annually by 2020, Forecasts Navigant Research

  Smart Gas Meter Revenue Will Surpass $1.5 Billion Annually by 2020,
  Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- April 12, 2013

As in the electricity meter market, gas meters for residential and commercial
locations are shifting to advanced metering infrastructure (AMI) technology,
which enables remote, automated interval meter reads as well as offering
command and control features, increased accuracy, and the potential for
enhanced energy use management. According to a recent report from Navigant
Research, annual revenue from smart gas meters will grow from $258 million in
2013 to more than $1.5 billion in 2020.

“The transition to the latest gas modules connected to AMI networks is just
getting started,” says Neil Strother, senior research analyst with Navigant
Research. “Meters with one-way communications capabilities are now giving way
to two-way devices that will open up a host of new benefits and efficiencies
for both gas utilities and their customers.”

While the deployment of smart gas meters shares some characteristics with the
utilization of smart electricity meters, there are significant differences in
the terminology and the fundamental assumptions applied to the two markets,
according to the report. Unlike electric utilities, gas utility managers can
store their product and do not face the same load balancing challenges. In
addition, time-of-use billing is not a priority for gas consumption, since the
price does not shift dramatically during the course of a day as it does for
electricity.

The report, “Smart Gas Meters”, examines the global market opportunity for
smart gas meters, and analyzes the drivers and inhibitors shaping the market,
along with major technology issues. The report also provides market forecasts
through 2020 for smart gas meter shipments and the associated revenue, broken
down by meter type and by region. Key vendor profiles, analysis of new market
players, and a guide for utilities to build a business case are also included.
An Executive Summary of the report is available for free download on the
Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Smart Gas Meters,” is a summary and reflects Navigant Research’s current
expectations based on market data and trend analysis. Market predictions and
expectations are inherently uncertain and actual results may differ materially
from those contained in this press release or the report. Please refer to the
full report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any of the
information contained in this press release or the report.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com