Global Smart Gas Meter Market Size Study, by Type (Advanced Metering Infrastructure, Auto Meter Reading), by Application (Residential, Industrial, Commercial) and Regional Forecasts 2022-2032

Description

Global smart gas meter market is valued approximately at USD 9.02 billion in 2023 and is anticipated to grow at a healthy rate of over 5.94% during the forecast period of 2024-2032. With increasing concerns over greenhouse gas emissions, there is a concerted global effort to embrace cleaner energy sources, and this shift is driving the adoption of natural gas for various applications. The rise of smart technologies that provide real-time monitoring and data tracking is further fueling the growth of the smart gas meter market. Though still in its early stages, the technology is rapidly gaining traction, supported by its operational advantages and economic feasibility, which are expected to expand its presence globally in the coming years.

In today's world, natural gas has become indispensable for household applications such as cooking, heating, and more. As a result, gas pipelines are being set up across numerous countries, ensuring the availability of natural gas for every household. The smart gas meter offers distinct benefits such as precise energy readings, reducing manual labor, and maintaining accurate consumption data. This eliminates unaccounted-for usage and aids in the evaluation of monthly tariffs, making it a vital tool in energy management.

Asia Pacific, in particular, has seen notable growth in this market due to its rising population and booming residential, commercial, and industrial sectors. Countries like China have successfully rolled out smart electric meters and are now replicating this strategy with smart gas meters, which is likely to propel regional market growth. Similarly, Europe is witnessing significant smart gas meter rollouts, driven by government mandates aimed at reducing greenhouse gas emissions and promoting clean energy solutions. Major countries such as Italy, the UK, Spain, and Sweden have taken the lead in smart gas meter adoption, ensuring the region's prominent role in the market's future growth.

The smart gas meter market is expected to flourish globally as both governments and consumers recognize its benefits, from operational efficiencies to environmental advantages.

Major market players profiled in this report include:

ABB
GE
Siemens
Landis+Gyr
Honeywell
Kamstrup
Itron, Inc.
Xylem Inc.
Aclara
Secure Meter Limited
Holley Technology Ltd
Jabil
Xemex
EDMI Limited
EMH metering GmbH & Co KG

The detailed segments and sub-segments of the market are explained below:

By Type:

Advanced Metering Infrastructure
Auto Meter Reading

By Application:

Residential
Industrial
Commercial

________________________________________By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
ROE (Rest of Europe)

Asia Pacific:

China
India
Japan
Australia
South Korea
RoAPAC (Rest of Asia Pacific)

Latin America:

Brazil
Mexico
RoLA (Rest of Latin America)

Middle East & Africa:

Saudi Arabia
South Africa
RoMEA (Rest of Middle East & Africa)

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market estimates and forecasts for 10 years, 2022 to 2032.
Annualized revenues and regional analysis for each market segment.
Detailed geographic landscape analysis, including country-level insights.
Competitive landscape with profiles of major players.
Analysis of key business strategies with recommendations for future market approaches.
In-depth demand and supply-side analysis.

Chapter 1. Global Smart Gas Meter Market Executive Summary

1.1. Global Smart Gas Meter Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Smart Gas Meter Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Smart Gas Meter Market Dynamics

3.1. Market Drivers
- 3.1.1. Operational Safety and Cost Savings for Gas Companies & Customers
- 3.1.2. Switch Towards Clean Energy
3.2. Market Challenges
- 3.2.1. High Installation Costs
- 3.2.2. Complex Integration of Technologies
3.3. Market Opportunities
- 3.3.1. Growing Adoption in Emerging Markets
- 3.3.2. Technological Advancements in Metering

Chapter 4. Global Smart Gas Meter Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Smart Gas Meter Market Size & Forecasts by Type (2022-2032)

5.1. Segment Dashboard
5.2. Advanced Metering Infrastructure
5.3. Auto Meter Reading

Chapter 6. Global Smart Gas Meter Market Size & Forecasts by Application (2022-2032)

6.1. Segment Dashboard
6.2. Residential
6.3. Industrial
6.4. Commercial

Chapter 7. Global Smart Gas Meter Market Size & Forecasts by Region (2022-2032)

7.1. North America Smart Gas Meter Market
- 7.1.1. U.S. Smart Gas Meter Market
  - 7.1.1.1. By Type Smart Gas Meter Market Size & Forecasts
  - 7.1.1.2. By Application Smart Gas Meter Market Size & Forecasts
- 7.1.2. Canada Smart Gas Meter Market
  - 7.1.2.1. By Type
  - 7.1.2.2. By Application
7.2. Europe Smart Gas Meter Market
- 7.2.1. UK Smart Gas Meter Market
- 7.2.2. Germany Smart Gas Meter Market
- 7.2.3. France Smart Gas Meter Market
- 7.2.4. Spain Smart Gas Meter Market
- 7.2.5. Italy Smart Gas Meter Market
- 7.2.6. Rest of Europe Smart Gas Meter Market
7.3. Asia-Pacific Smart Gas Meter Market
- 7.3.1. China Smart Gas Meter Market
- 7.3.2. India Smart Gas Meter Market
- 7.3.3. Japan Smart Gas Meter Market
- 7.3.4. Australia Smart Gas Meter Market
- 7.3.5. South Korea Smart Gas Meter Market
- 7.3.6. Rest of Asia Pacific Smart Gas Meter Market
7.4. Latin America Smart Gas Meter Market
- 7.4.1. Brazil Smart Gas Meter Market
- 7.4.2. Mexico Smart Gas Meter Market
- 7.4.3. Rest of Latin America Smart Gas Meter Market
7.5. Middle East & Africa Smart Gas Meter Market
- 7.5.1. Saudi Arabia Smart Gas Meter Market
- 7.5.2. South Africa Smart Gas Meter Market
- 7.5.3. Rest of Middle East & Africa Smart Gas Meter Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. ABB
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. GE
- 8.3.3. Siemens
- 8.3.4. Landis+Gyr
- 8.3.5. Honeywell
- 8.3.6. Kamstrup
- 8.3.7. Itron, Inc.
- 8.3.8. Xylem Inc.
- 8.3.9. Aclara
- 8.3.10. Secure Meter Limited
- 8.3.11. Holley Technology Ltd
- 8.3.12. Jabil
- 8.3.13. Xemex
- 8.3.14. EDMI Limited
- 8.3.15. EMH metering GmbH & Co KG

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes