Smart Gas Meter Market

According to a research report "Smart Gas Meter Market by Technology (AMR and AMI), Type (Smart Ultrasonic Gas Meter and Smart Diaphragm Gas Meter), Component (Hardware and Software), End User (Residential, Commercial, and Industrial), and Region - Global Forecast to 2030" published by MarketsandMarkets, the global smart gas meter market is projected to reach USD 4.04 billion by 2030, up from USD 2.49 billion in 2024, registering a CAGR of 8.5% over the forecast period.

Browse 225 market data Tables and 51 Figures spread through 206 Pages and in-depth TOC on "Smart Gas Meter Market by Technology (AMR and AMI), Type (Smart Ultrasonic Gas Meter and Smart Diaphragm Gas Meter), Component (Hardware and Software), End User (Residential, Commercial, and Industrial), and Region - Global Forecast to 2030"
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The major drivers for the smart gas meter market are the digitalization of distribution grids and network operation optimization, management of advanced metering infrastructure (AMI) assets, and rising investment in smart grid technologies for data measurement and analysis. The rise in focus on smart grid programs, the upgrade of gas networks, and the adoption of AI in smart gas meter processes are high-growth opportunities for the market.

By end user, the residential segment is projected to be the largest contributor during the forecast period.

The residential segment is estimated to lead the smart gas meter market during the forecasted period. Asia Pacific was the largest residential end user segment market in 2024. Increasing focus on energy efficiency is expected to drive the smart gas meter market. The other key drivers for the growth of the smart gas meter market for the residential sector are the introduction of mandates and regulations in support of smart gas meters at residential facilities. Countries such as Australia, China, Japan, the UK, France, and Italy have mandated the installation of smart gas meters in residential buildings.

By type, the smart diaphragm gas meter segment is projected to dominate the market during the forecast period.

In 2024, the smart diaphragm gas meter segment held the largest market share among all smart gas meters. The primary driver of this expansion is the increasing demand for smart diaphragm gas meters from residential and light commercial buildings. Over the course of the forecast period, this segment is anticipated to develop at the greatest compound annual growth rate (CAGR) in Europe. The market for smart diaphragm gas meters is anticipated to continue to expand due to the growing demand for dependable gas supplies in both residential and commercial settings.

By region, Asia Pacific is expected to account for the largest smart gas meter market share during the forecast period.

In 2024, Asia Pacific held the most significant market share for smart gas meters worldwide. China, Japan, Malaysia, Australia, Indonesia, Singapore, and the Rest of Asia Pacific are the countries that make up this region. The region's biggest and fastest-growing market is China. Currently, China is at the forefront of new investments in smart grid technologies. Due to the significant changes occurring in the nation's energy sector, China has emerged as the primary user of smart grid technology. Smart grid technologies will become increasingly necessary as a result of the nation's ambitious renewable energy program. China's emphasis on adopting energy efficiency is another factor supporting the need for the smart grid industry, which in turn is driving up demand for smart gas meters.

Key Players

Some of the major players in the smart gas meter market include Apator S.A. (Poland), Diehl Stiftung & Co. KG (Germany), Honeywell International Inc. (US), Itron Inc. (US), and Landis+Gyr (Switzerland).

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