Global smart gas meter market is valued approximately at USD 9.02 billion in 2023 and is anticipated to grow at a healthy rate of over 5.94% during the forecast period of 2024-2032. With increasing concerns over greenhouse gas emissions, there is a concerted global effort to embrace cleaner energy sources, and this shift is driving the adoption of natural gas for various applications. The rise of smart technologies that provide real-time monitoring and data tracking is further fueling the growth of the smart gas meter market. Though still in its early stages, the technology is rapidly gaining traction, supported by its operational advantages and economic feasibility, which are expected to expand its presence globally in the coming years.
In today's world, natural gas has become indispensable for household applications such as cooking, heating, and more. As a result, gas pipelines are being set up across numerous countries, ensuring the availability of natural gas for every household. The smart gas meter offers distinct benefits such as precise energy readings, reducing manual labor, and maintaining accurate consumption data. This eliminates unaccounted-for usage and aids in the evaluation of monthly tariffs, making it a vital tool in energy management.
Asia Pacific, in particular, has seen notable growth in this market due to its rising population and booming residential, commercial, and industrial sectors. Countries like China have successfully rolled out smart electric meters and are now replicating this strategy with smart gas meters, which is likely to propel regional market growth. Similarly, Europe is witnessing significant smart gas meter rollouts, driven by government mandates aimed at reducing greenhouse gas emissions and promoting clean energy solutions. Major countries such as Italy, the UK, Spain, and Sweden have taken the lead in smart gas meter adoption, ensuring the region's prominent role in the market's future growth.
The smart gas meter market is expected to flourish globally as both governments and consumers recognize its benefits, from operational efficiencies to environmental advantages.
Major market players profiled in this report include:
ABB
GE
Siemens
Landis+Gyr
Honeywell
Kamstrup
Itron, Inc.
Xylem Inc.
Aclara
Secure Meter Limited
Holley Technology Ltd
Jabil
Xemex
EDMI Limited
EMH metering GmbH & Co KG
The detailed segments and sub-segments of the market are explained below:
By Type:
Advanced Metering Infrastructure
Auto Meter Reading
By Application:
Residential
Industrial
Commercial
________________________________________By Region:
North America:
U.S.
Canada
Europe:
UK
Germany
France
Spain
Italy
ROE (Rest of Europe)
Asia Pacific:
China
India
Japan
Australia
South Korea
RoAPAC (Rest of Asia Pacific)
Latin America:
Brazil
Mexico
RoLA (Rest of Latin America)
Middle East & Africa:
Saudi Arabia
South Africa
RoMEA (Rest of Middle East & Africa)
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market estimates and forecasts for 10 years, 2022 to 2032.
Annualized revenues and regional analysis for each market segment.
Detailed geographic landscape analysis, including country-level insights.
Competitive landscape with profiles of major players.
Analysis of key business strategies with recommendations for future market approaches.
In-depth demand and supply-side analysis.