Smart Gas Meter Market size is valued at USD 3,942.2 Million in 2021 and is expected to reach a value of USD 5,849.9 Million by 2028, growing at a CAGR of 5.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the smart gas meter market and that can be segmented by technology, type, component, and end-user. By technology, this market has been segmented into automated meter reading (AMR) and advanced metering infrastructure (AMI). The automated meter reading (AMR) segment is likely to be the largest and fastest-growing segment in terms of technology. Based on type, this market is segmented into smart ultrasonic gas meter, smart diaphragm gas meter. Among these, the smart ultrasonic gas meter segment is expected to have the fastest-growing market during the forecast period 2022 to 2028. Based on components, this market is segmented into hardware and software. The hardware segment accounts for the largest share in 2021. The software segment has the second-largest share during the forecast period 2021 to 2028. Based on the end-user, the market has been segregated into residential, commercial, and industrial. The residential segment is expected to dominate other segments in the smart gas meter market. The commercial segment is expected to witness the highest CAGR during the forecast period. Industrial segment is estimated to be the second-largest segment during the forecast period according to precision business insights.
In Aug 2020, Flonidan A/S (Denmark) has hired Apator SA’s subsidiary Apator Metrix SA and George Wilson Industries Ltd. to deliver gas meters to the UK market.