- Automated Meter Reading (AMR)
- Advanced Metering Infrastructure (AMI)
Smart Gas Meter Market size is valued at USD 3,942.2 million in 2022 and is poised to grow at a CAGR of 5.8% from 2023 to 2029. 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.
Smart Gas Meter Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.8%
Largest Market
Europe
Fastest Growing Market
North America
Smart Gas Meter Market Dynamics
Natural gas consumption has increased across various end-user categories in recent years as people have become more interested in renewable energy sources. Natural gas adoption has been spurred by growing demand and government encouragement to increase gas usage. Smart grids are important technologies that have modernized gas networks by giving utilities and consumers the information they need to efficiently control gas use. Smart grid technologies enable autonomous monitoring and management of gas use, the development of new business models, and the reduction of outages and response times during natural disasters, and energy utilities throughout the world are rapidly investing in them.
Europe got significant share
Smart Gas Meter Market Regional Analysis
By region, the European market is expected to witness the highest market share during the forecast period. Aging infrastructure and equipment, increased load, and a goal to minimize CO2 emissions are only a few of the primary causes driving the widespread adoption of smart grids. Europe is the largest regional market for smart gas meters, because of its strong economic infrastructure and significant technological breakthroughs in the smart grid sector.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The smart gas meter market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The smart gas meter market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The smart gas meter market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The smart gas meter market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The smart gas meter market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Smart Gas Meter Market Segmentation
By Technology
By Type
- Smart Ultrasonic Gas Meter
- Smart Diaphragm Gas Meter
By Component
- Hardware
- Software
By End-User
- Residential
- Commercial
- Industrial
Frequently Asked Questions
The Smart Gas Meter Market is projected to expand at a CAGR of 5.8% during the forecast period.
The major players in the global smart gas meter market are Aichi Tokei Denki, Apator SA, Diehl Stiftung GmbH and Co. KG, General Electric Company, Honeywell International, Itron, Inc., Landis + Gyr Group AG, Meter Italia, Schneider Electric, Sensus U.S.A., Inc., Wasion Group Holdings and Zenner International GmbH and Co. KG.
Europe is the fastest-growing region for Smart Gas Meter Market
| 1. Executive Summary |
| 2. Global Smart Gas Meter Market Introduction |
| 2.1. Global Smart Gas Meter Market - Taxonomy |
| 2.2. Global Smart Gas Meter Market -Definitions |
| 2.2.1. By Technology |
| 2.2.2. By Type |
| 2.2.3. By Component |
| 2.2.4. By End User |
| 2.2.5. By Region |
| 3. Global Smart Gas Meter Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Smart Gas Meter Market Dynamic Factors - Impact Analysis |
| 3.6. Global Smart Gas Meter Market - Competition Landscape |
| 4. Global Smart Gas Meter Market Analysis, 2018 - 2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Smart Gas Meter Market, By Technology, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Automated Meter Reading (AMR) |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Advanced Metering Infrastructure (AMI) |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Smart Gas Meter Market, By Type, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1. Smart Ultrasonic Gas Meter |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Smart Diaphragm Gas Meter |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Smart Gas Meter Market, By Component, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Hardware |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Software |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Smart Gas Meter Market, By End User, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. Residential |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Commercial |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Industrial |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9. Global Smart Gas Meter Market Forecast, By Region, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Smart Gas Meter Market - Opportunity Analysis Index, By Technology, Type, Component, End User, and Region, 2023-2029 |
| 10. North America Smart Gas Meter Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. Technology Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Automated Meter Reading (AMR) |
| 10.1.2. Advanced Metering Infrastructure (AMI) |
| 10.2. Type Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Smart Ultrasonic Gas Meter |
| 10.2.2. Smart Diaphragm Gas Meter |
| 10.3. Component Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Hardware |
| 10.3.2. Software |
| 10.4. End User Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Residential |
| 10.4.2. Commercial |
| 10.4.3. Industrial |
| 10.5. Country Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. USA |
| 10.5.2. Canada |
| 10.6. North America Smart Gas Meter Market - Opportunity Analysis Index, By Technology, Type, Component, End User, and Country, 2023-2029 |
| 10.7. North America Smart Gas Meter Market Dynamics - Trends |
| 11. Europe Smart Gas Meter Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. Technology Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Automated Meter Reading (AMR) |
| 11.1.2. Advanced Metering Infrastructure (AMI) |
| 11.2. Type Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Smart Ultrasonic Gas Meter |
| 11.2.2. Smart Diaphragm Gas Meter |
| 11.3. Component Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Hardware |
| 11.3.2. Software |
| 11.4. End User Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Residential |
| 11.4.2. Commercial |
| 11.4.3. Industrial |
| 11.5. Country Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Rest of Europe |
| 11.6. Europe Smart Gas Meter Market - Opportunity Analysis Index, By Technology, Type, Component, End User, and Country, 2023-2029 |
| 11.7. Europe Smart Gas Meter Market Dynamics - Trends |
| 12. Asia-Pacific Smart Gas Meter Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. Technology Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Automated Meter Reading (AMR) |
| 12.1.2. Advanced Metering Infrastructure (AMI) |
| 12.2. Type Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Smart Ultrasonic Gas Meter |
| 12.2.2. Smart Diaphragm Gas Meter |
| 12.3. Component Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Hardware |
| 12.3.2. Software |
| 12.4. End User Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Residential |
| 12.4.2. Commercial |
| 12.4.3. Industrial |
| 12.5. Country Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. China |
| 12.5.2. India |
| 12.5.3. Japan |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Smart Gas Meter Market - Opportunity Analysis Index, By Technology, Type, Component, End User, and Country, 2023-2029 |
| 12.7. Asia-Pacific Smart Gas Meter Market Dynamics - Trends |
| 13. Latin America Smart Gas Meter Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. Technology Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Automated Meter Reading (AMR) |
| 13.1.2. Advanced Metering Infrastructure (AMI) |
| 13.2. Type Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Smart Ultrasonic Gas Meter |
| 13.2.2. Smart Diaphragm Gas Meter |
| 13.3. Component Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Hardware |
| 13.3.2. Software |
| 13.4. End User Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Residential |
| 13.4.2. Commercial |
| 13.4.3. Industrial |
| 13.5. Country Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Rest of Latin America |
| 13.6. Latin America Smart Gas Meter Market - Opportunity Analysis Index, By Technology, Type, Component, End User, and Country, 2023-2029 |
| 13.7. Latin America Smart Gas Meter Market Dynamics - Trends |
| 14. Middle East and Africa Smart Gas Meter Market Analysis, 2018 - 2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 14.1. Technology Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Automated Meter Reading (AMR) |
| 14.1.2. Advanced Metering Infrastructure (AMI) |
| 14.2. Type Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1. Smart Ultrasonic Gas Meter |
| 14.2.2. Smart Diaphragm Gas Meter |
| 14.3. Component Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Hardware |
| 14.3.2. Software |
| 14.4. End User Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Residential |
| 14.4.2. Commercial |
| 14.4.3. Industrial |
| 14.5. Country Analysis 2018 - 2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. South Africa |
| 14.5.3. Rest of MEA |
| 14.6. MEA Smart Gas Meter Market - Opportunity Analysis Index, By Technology, Type, Component, End User, and Country, 2023-2029 |
| 14.7. MEA Smart Gas Meter Market Dynamics - Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. Aichi Tokei Denki |
| 15.2.2. Apator SA |
| 15.2.3. Diehl Stiftung GmbH and Co. KG |
| 15.2.4. General Electric Company |
| 15.2.5. Honeywell International |
| 15.2.6. Itron, Inc. |
| 15.2.7. Landis + Gyr Group AG |
| 15.2.8. Meter Italia |
| 15.2.9. Schneider Electric |
| 15.2.10. Sensus U.S.A., Inc. |
| 15.2.11. Wasion Group Holdings |
| 15.2.12. Zenner International GmbH and Co. KG |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
- Aichi Tokei Denki
- Apator SA
- Diehl Stiftung GmbH and Co. KG
- General Electric Company
- Honeywell International
- Itron, Inc.
- Landis + Gyr Group AG
- Meter Italia
- Schneider Electric
- Sensus U.S.A., Inc.
- Wasion Group Holdings
- Zenner International GmbH and Co. KG