Product Code: GVR-4-68040-377-8
Smart Gas Meter Market Size & Trends
The global smart gas meter market size was valued at USD 3.24 billion in 2023 and is expected to grow at a CAGR of 6.9% from 2024 to 2030. Efforts to reduce greenhouse gas emissions have emphasized the importance of using natural gas in various applications. Additionally, emerging technologies that enable users to monitor their energy consumption are fueling the growth of the smart gas market. Although this technology is currently new and available only in a few countries, its operational advantages and economic feasibility are expected to facilitate widespread adoption across many countries during the forecast period. Gas pipelines are being installed in many countries to ensure natural gas is available in every home. Gas meters provide several benefits, including accurate readings, eliminating manual involvement, tracking usage data, preventing unaccounted consumption, and assessing monthly tariffs.
Operational advantages such as continuous pipeline monitoring, the elimination of manual monthly readings, real-time data availability, and operational precision drove the adoption of smart gas metering. Additionally, the cost savings and one-time investment in smart meters fueled market growth. Along with the benefits to gas companies, smart gas meters also offer customers advantages such as better control over monthly bills, detailed feedback on energy use, and reduced system failures.
Smart grids are vital technologies that have contemporized gas networks by providing consumers and utilities with the information necessary to manage gas usage efficiently. Energy utilities globally are investing in smart grid technologies, which facilitate the development of new business models, automatic monitoring and control of gas consumption, and a reduction in outages with quicker response spans during natural hazards. At the end-user level, smart grids enable consumer participation and demand flexibility in energy system operations through storage and distributed generation.
According to the U.S. Department of Energy (DOE), a modernized smart grid in the U.S. is expected to help consumers save approximately USD 20 billion on their utility bills by 2025. Smart meters are the fundamental building blocks of smart grid technologies. With a system of smart meters in place, utilities can deliver new efficient and reliable energy products based on customer demand.
Smart Gas Meter Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global smart gas meter market report based on component, technology, type, end-use, and region.
- Component Outlook (Revenue, USD Billion, 2017 - 2030)
- Hardware
- Software
- Services
- Type Outlook (Revenue, USD Billion, 2017 - 2030)
- Smart Ultrasonic Gas Meter
- Smart Diaphragm Gas Meter
- Technology Outlook (Revenue, USD Billion, 2017 - 2030)
- Advanced Metering Infrastructure (AMI)
- Auto Meter Reading (AMR)
- End Use Outlook (Revenue, USD Billion, 2017 - 2030)
- Residential
- Commercial
- Industrial
- Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
U.S.
Canada
Mexico
UK
Germany
France
China
India
Japan
Australia
South Korea
Brazil
UAE
South Africa
KSA
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Smart Gas Meter Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.1.1. Increasing emphasis on energy efficiency and conservation
- 3.4.1.2. Demand for accurate billing and improved customer service
- 3.4.2. Market Restraints Analysis
- 3.4.2.1. Data Privacy and Security Concerns
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Smart Gas Meter Market Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic and Social landscape
- 3.5.2.3. Technological landscape
- 3.5.2.4. Environmental landscape
- 3.5.2.5. Legal landscape
Chapter 4. Smart Gas Meter Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Smart Gas Meter Market: Component Movement Analysis, USD Million, 2023 & 2030
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Smart Gas Meter Market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Smart Gas Meter Market: Type Movement Analysis, USD Million, 2023 & 2030
- 5.3. Smart Ultrasonic Gas Meter
- 5.3.1. Smart Ultrasonic Gas Meter Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Smart Diaphragm Gas Meter
- 5.4.1. Smart Diaphragm Gas Meter Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Smart Gas Meter Market: Technology Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Smart Gas Meter Market: Technology Movement Analysis, USD Million, 2023 & 2030
- 6.3. Advanced Metering Infrastructure (AMI)
- 6.3.1. Advanced Metering Infrastructure (AMI) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Auto Meter Reading (AMR)
- 6.4.1. Auto Meter Reading (AMR) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Smart Gas Meter Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Smart Gas Meter Market: End Use Movement Analysis, USD Million, 2023 & 2030
- 7.3. Residential
- 7.3.1. Residential Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. Commercial
- 7.4.1. Commercial Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5. Industrial
- 7.5.1. Industrial Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Smart Gas Meter Market: Regional Estimates & Trend Analysis
- 8.1. Smart Gas Meter Market Share, By Region, 2023 & 2030, USD Million
- 8.2. North America
- 8.2.1. North America Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.2. North America Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.2.3. North America Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.2.4. North America Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.2.5. North America Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.2.6. U.S.
- 8.2.6.1. U.S. Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.6.2. U.S. Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.2.6.3. U.S. Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.2.6.4. U.S. Smart Gas Meter Market Estimates and Forecasts, by technology, 2017 - 2030 (USD Million)
- 8.2.6.5. U.S. Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.2.7. Canada
- 8.2.7.1. Canada Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.7.2. Canada Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.2.7.3. Canada Smart Gas Meter Market Estimates and Forecasts, by type, 2017 - 2030 (USD Million)
- 8.2.7.4. Canada Smart Gas Meter Market Estimates and Forecasts, by technology, 2017 - 2030 (USD Million)
- 8.2.7.5. Canada Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.2.8. Mexico
- 8.2.8.1. Mexico Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.8.2. Mexico Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.2.8.3. Mexico Smart Gas Meter Market Estimates and Forecasts, by type, 2017 - 2030 (USD Million)
- 8.2.8.4. Mexico Smart Gas Meter Market Estimates and Forecasts, by technology, 2017 - 2030 (USD Million)
- 8.2.8.5. Mexico Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.2. Europe Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.3.3. Europe Smart Gas Meter Market Estimates and Forecasts, by type, 2017 - 2030 (USD Million)
- 8.3.4. Europe Smart Gas Meter Market Estimates and Forecasts, by technology, 2017
- 8.3.5. Europe Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.3.6. U.K.
- 8.3.6.1. U.K. Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.6.2. U.K. Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.3.6.3. U.K. Smart Gas Meter Market Estimates and Forecasts, by type, 2017 - 2030 (USD Million)
- 8.3.6.4. U.K. Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.3.6.5. U.K. Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.3.7. Germany
- 8.3.7.1. Germany Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.7.2. Germany Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.3.7.3. Germany Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.3.7.4. Germany Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.3.7.5. Germany Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.3.8. France
- 8.3.8.1. France Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.8.2. France Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.3.8.3. France Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.3.8.4. France Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.3.8.5. Frace Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.2. Asia Pacific Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.4.3. Asia Pacific Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.4.4. Asia Pacific Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.4.5. Asia Pacific Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.4.6. China
- 8.4.6.1. China Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.6.2. China Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.4.6.3. China Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.4.6.4. China Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.4.6.5. China Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.4.7. Japan
- 8.4.7.1. Japan Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.7.2. Japan Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.4.7.3. Japan Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.4.7.4. Japan Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.4.7.5. Japan Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.4.8. India
- 8.4.8.1. India Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.8.2. India Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.4.8.3. India Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.4.8.4. India Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.4.8.5. India Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.4.9. South Korea
- 8.4.9.1. South Korea Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.9.2. South Korea Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.4.9.3. South Korea Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.4.9.4. South Korea Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.4.9.5. South Korea Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.4.10. Australia
- 8.4.10.1. Australia Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.10.2. Australia Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.4.10.3. Australia Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.4.10.4. Australia Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.4.10.5. Australia Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5.2. Latin America Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.5.3. Latin America Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.5.4. Latin America Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.5.5. Latin America Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.5.6. Brazil
- 8.5.6.1. Brazil Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5.6.2. Brazil Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.5.6.3. Brazil Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.5.6.4. Brazil Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.5.6.5. Brazil Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.2. Middle East and Africa Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.6.3. Middle East and Africa Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.6.4. Middle East and Africa Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.6.5. Middle East and Africa Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.6.6. KSA
- 8.6.6.1. KSA Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.6.2. KSA Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.6.6.3. KSA Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.6.6.4. KSA Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.6.6.5. KSA Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.6.7. UAE
- 8.6.7.1. UAE Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.7.2. UAE Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.6.7.3. UAE Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.6.7.4. UAE Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.6.7.5. UAE Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
- 8.6.8. South Africa
- 8.6.8.1. South Africa Smart Gas Meter Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.8.2. South Africa Smart Gas Meter Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 8.6.8.3. South Africa Smart Gas Meter Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 8.6.8.4. South Africa Smart Gas Meter Market Estimates and Forecasts, by Technology, 2017 - 2030 (USD Million)
- 8.6.8.5. South Africa Smart Gas Meter Market Estimates and Forecasts, by End-use, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Market Share Analysis
- 9.5. Company Heat Map Analysis
- 9.6. Strategy Mapping
- 9.6.1. Expansion
- 9.6.2. Mergers & Acquisition
- 9.6.3. Partnerships & Collaborations
- 9.6.4. New Product Launches
- 9.6.5. Research And Development
- 9.7. Company Profiles
- 9.7.1. ABB
- 9.7.1.1. Participant's Overview
- 9.7.1.2. Financial Performance
- 9.7.1.3. Product Benchmarking
- 9.7.1.4. Recent Developments
- 9.7.2. Apator S.A.
- 9.7.2.1. Participant's Overview
- 9.7.2.2. Financial Performance
- 9.7.2.3. Product Benchmarking
- 9.7.2.4. Recent Developments
- 9.7.3. Eaton
- 9.7.3.1. Participant's Overview
- 9.7.3.2. Financial Performance
- 9.7.3.3. Product Benchmarking
- 9.7.3.4. Recent Developments
- 9.7.4. Hansen Technologies
- 9.7.4.1. Participant's Overview
- 9.7.4.2. Financial Performance
- 9.7.4.3. Product Benchmarking
- 9.7.4.4. Recent Developments
- 9.7.5. Honeywell International, Inc.
- 9.7.5.1. Participant's Overview
- 9.7.5.2. Financial Performance
- 9.7.5.3. Product Benchmarking
- 9.7.5.4. Recent Developments
- 9.7.6. Itron, Inc.
- 9.7.6.1. Participant's Overview
- 9.7.6.2. Financial Performance
- 9.7.6.3. Product Benchmarking
- 9.7.6.4. Recent Developments
- 9.7.7. Landis+Gyr
- 9.7.7.1. Participant's Overview
- 9.7.7.2. Financial Performance
- 9.7.7.3. Product Benchmarking
- 9.7.7.4. Recent Developments
- 9.7.8. Schneider Electric
- 9.7.8.1. Participant's Overview
- 9.7.8.2. Financial Performance
- 9.7.8.3. Product Benchmarking
- 9.7.8.4. Recent Developments
- 9.7.9. Siemens
- 9.7.9.1. Participant's Overview
- 9.7.9.2. Financial Performance
- 9.7.9.3. Product Benchmarking
- 9.7.9.4. Recent Developments
- 9.7.10. Wasion Holdings International
- 9.7.10.1. Participant's Overview
- 9.7.10.2. Financial Performance
- 9.7.10.3. Product Benchmarking
- 9.7.10.4. Recent Developments