What is the Forecasted Market Size and Growth Rates for the Global Smart Gas Meter Market?
The smart gas meter market size has shown strong growth in recent years, expanding from $4.4 billion in 2024 to an estimated $4.71 billion in 2025 at a CAGR of 7.1%. This growth in the historical period can be attributed to factors such as regulatory mandates, energy efficiency, urbanization, aging infrastructure, and the use of data analytics.
The smart gas meter market size is expected to continue its strong growth in the upcoming years, expanding to an estimated $6.46 billion by 2029 at a CAGR of 8.2%. The growth in the forecasted period can be attributed to the use of IoT connectivity, data-driven decision making, rising consumer awareness, gas leak detection, and the demand for smart grids. Major trends fostering the growth of the forecasted period include the use of mobile apps and customer engagement, energy management platforms, digital twins, blockchain for billing, and green gas monitoring.
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Which Factors are Driving the Growth of the Smart Gas Meter Market?
Government policies, specifically those supporting the adoption of smart gas meters, are a key driver of the smart gas meter market growth. For example, initiatives such as India’s Smart Meter National Program (SMNP), which aims to replace the country’s 250 million conventional meters with smart meters, are helping to drive the market forward.
What are the Major Segments in the Smart Gas Meter Market?
1) By Type: Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter
2) By Component: Hardware, Software
3) By Technology: Automated Meter Reading (AMR), Advanced Metering Infrastructure (AMI)
4) By Application: Residential, Commercial, Industrial
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Who are The Major Players in the Smart Gas Meter Market?
Major companies operating in the smart gas meter market include Cisco Systems Inc., ABB Ltd., Adappt Pte. Ltd., Avnet Inc., Eutech Cybernetic Pte. Ltd., Hitachi Vantara Corporation, Huawei Technologies Co. Ltd., ICONICS Inc., International Business Machines Corporation, Microsoft Corporation, ReelyActive Inc., Schneider Electric SE, Siemens Aktiengesellschaft, Smarten Spaces Pte. Ltd., SmartSpace Software plc, Spacewell International NV, Ubisense Group plc, Aclara Technologies LLC, Itron Inc., Apator SA, Arad Group Ltd., B METERS S.r.l., Badger Meter Inc., Diehl Metering GmbH, Diehl Stiftung & Co. KG, EDMI Limited, Elster Group GmbH, GWF MessSysteme AG, Holley Technology Ltd., Honeywell International Inc., Iskraemeco d.d., Kamstrup A/S, Landis+Gyr AG, Maddalena S.p.A., Master Meter Inc.
What Emerging Trends are Shaping the Smart Gas Meter Market?
Major companies in the smart gas meter market are investing heavily in technology and initiatives. For instance, Italgas S.p.A., an Italy-based smart gas meter manufacturer, plans to invest €8.6 billion in smart gas meters and other technologies. Other companies are gradually replacing earlier generation GPRS meters with smart meters that offer precise monitoring of gas consumption and accurate invoicing.
Which Region is Set to Be the Fastest Growing in the Smart Gas Meter Market?
Europe was the largest region in the smart gas meter market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the future. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does the Smart Gas Meter Market Report 2025 Offer?
A smart gas meter is an electronic device that records information such as gas usage, voltage levels, current, power factor, and consumption of electric energy. This information is valuable to consumers as it provides greater clarity on their gas consumption. The Smart Gas Meter Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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