Annual revenues grew faster at 54% to reach $5,3-billion, reflecting strong customer demand in a constrained supply environment. Even though the supply shortage likely has caused some inventory build-ups, several vendors have reported continued strong growth in the first quarter of 2022, suggesting that short-term demand remains robust.
WORLD METROLOGY DAY 2022: Metrology is the scientific discipline related to measurement and its uses in scientific fields, innovation, industries, trading and other fields. World Metrology Day is celebrated each year on May 20. The event highlights the necessity of precise measurement units and the contribution of every individual in metrology organisations and institutes. The theme of this year’s event is ‘Metrology in the Digital Era.’ Below, we share some key facts about World Metrology Day.
Today’s state-of-the-art gas meters measure the volume of gas that has been consumed. Consumers, on the other hand, are billed based on the energy they consume. Utility companies convert the measured volume of gas into consumed energy by determining the gas’ calorific value when it enters the municipality and combining this value with a simple distribution model.