The global smart gas meter market size is projected to reach USD 2.5 billion by 2026 from an estimated value of USD 2.0 billion in 2021, at a CAGR of 4.7%. The key drivers for the smart gas meter market include digitalization of distribution grids and optimization of network operations; asset management of advanced metering infrastructure (AMI); and increasing investment in smart grid technologies to measure and analyze data.
The key players in the smart gas meter market include companies such as Landis+Gyr (Switzerland), Itron (US), Honeywell International (US), Diehl Metering (Germany), Apator Group (Poland). Major strategies adopted by the players are product launches, contracts & agreements, collaborations, partnerships, and mergers & acquisitions, from January 2016 to January 2021. Contracts & Agreements was the most commonly adopted strategy.
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Landis+Gyr is a manufacturer of metering solutions for residential, commercial, and industrial end users. It provides smart electric meters, smart gas meters, and smart water meters. The company has 3 key strategic business platforms—Smart Metering, Grid Edge Intelligence, and Smart Infrastructure. Landis+Gyr also provides the software solution Gridstream for smart gas meter operations. The software’s key functions include integrating communication technologies and providing real-time data analysis.
Itron is a solution provider for communicating, collecting, and analyzing electric, gas, and water usage data. The company is a manufacturer and designer of AMR systems and computer-based electronic meter reading. The company operates in 3 business segments, namely Device Solutions, Networked Solutions, and Outcomes. The company offers smart meters under the Networked Solutions segment and the smart meter analytics offerings and meter data management in the Outcomes segment. Itron focuses on providing innovative modernized products and complete integrated solutions, including metering, network communications, meter data management software, data collection systems, and other metering software applications. The company offers AMR/AMI technology for the residential and commercial end-user segments.
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 2026
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