Smart Gas Meter (Intelligent Gas Meter) Market Forecasts to 2028 – Global Analysis By Product (Diaphragm, Turbine), Application (Water Meter, Gas Meter), End User (Industrial, Residential) and By Geography
According to Stratistics MRC, the Global Smart Gas Meter (Intelligent Gas Meter) Market is accounted for $1.91 billion in 2020 and is expected to reach $3.21 billion by 2028 growing at a CAGR of 6.7% during the forecast period. The increasing investments in smart grid technologies to measure and analyze data and asset management of advanced metering infrastructure (AMI) are the factors driving the market growth. However, the requirement of high upfront cost for smart gas infrastructure is hampering the market growth.
Smart gas refers to an emerging technology that is capable of automatically measuring the primary parameters like temperature, pressure, and volume of the gas that flows in the pipeline.
Based on the technology, the advanced metering infrastructure (AMI) segment is going to have lucrative growth during the forecast period owing to their operational advantages, and the adoption of advanced metering infrastructure.
By geography, North America is going to have high growth during the forecast period owing to the increasing interest of the consumers towards billing transparency and the expensive nature of energy. Also, a rapid shift towards cost-effective options is positively impacting the market in this region.
Some of the key players profiled in the Smart Gas Meter Market include Aclara Technologies LLC, Apator Group, Badger Meter, Inc, DIEHL Metering, EDMI Limited, EMH Metering GmbH & Co KG, Holley Technology Ltd, Honeywell International Inc, Itron Inc, Kamstrup A/S, Landis+Gyr, Schneider Electric , Siemens AG, Xylem, Inc, and Zenner.
Estimated Market Size in 2020:
USD 1.91 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 3.21 billion
Tables, Graphs& Figures
Type, Working Principle, Component, Product, Technology, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Card Type
• Internet of Things (IoT)
• Wired Remote Transmission
• Wireless Remote Transmission
Working Principles Covered:
• Diaphragm Gas Meters
• Rotary Piston Gas Meters
• Smart Ultrasonic Gas Meter
• Smart Diaphragm Gas Meter
• Turbine Gas Meters
• Advanced Metering Infrastructure (AMI)
• Automated Meter Reading (AMR)
• Water Meter
• Gas Meter
• Electric Meter
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Smart Gas Meter (Intelligent Gas Meter) Market is majorly driven by increasing investments in smart grid technologies to measure and analyze data, integration of artificial intelligence (AI) into smart gas meter operations, and digitalization of distribution grids and optimization of network operations.
The automated meter reading (AMR) segment is growing at a highest CAGR due to the growing demand for cost-effective smart gas meters and the need for automated collection of meter readings without physical inspection.
North America dominated with a significant market share owing to the highest installation rate of AMR devices and high demand for powerful smart gas meters with edge intelligence capabilities.
Asia Pacific market is growing at a highest CAGR due to the new investments in smart grid technologies and increased energy demand & greenhouse gas emission targets in the region.
Key players in Smart Gas Meter (Intelligent Gas Meter) Market include Aclara Technologies LLC, Apator Group, Badger Meter, Inc, DIEHL Metering, EDMI Limited, EMH Metering GmbH & Co KG, Holley Technology Ltd, Honeywell International Inc, Itron Inc, Kamstrup A/S, Landis+Gyr, Schneider Electric, Siemens AG, Xylem, Inc, and Zenner.
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