Smart Gas Meter Market Report by Component (Hardware, Software), Type (Automated Metering Infrastructure (AMI), Automated Meter Reading (AMR)), End Use (Residential, Commercial, Industrial), and Region 2025-2033
The global smart gas meter market size reached US$ 2.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2033, exhibiting a growth rate (CAGR) of 6.2% during 2025-2033.
Report Attribute
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
US$ 2.1 Billion
Market Forecast in 2033
US$ 3.6 Billion
Market Growth Rate 2025-2033
6.2%
Smart gas meter refers to a digitized gas network that provides electronic gas consumption measurements. Automatic meter reading (AMR) and advanced meter infrastructure (AMI) are some of the commonly used smart gas meters. It consists of integrated sensors and computation hardware that measures the volume of the gas consumed in a more precise way. Smart gas meters are widely used to detect toxic and explosive gasses, measure gas concentration and provide greater clarity of consumption behavior. As a result, it is attached with an alarm circuit that gives real-time alerts about the concentration of harmful gasses in the atmosphere, prevents explosions and fire hazards, and aids in gas analysis.
Smart Gas Meter Market Trends:
The smart gas meter market is majorly being driven by the widespread product adoption in the residential sector due to the increasing cases of stealing the pipeline gas resulting in leakage, malfunctions, and other safety hazards. Additionally, the rising demand for AMR devices to collect or control time-of-use or rate-of-use statistics and assist in providing accurate meter readings and improved and transparent billing processes is favoring the market growth. Apart from this, various advancements in technologies, such as the integration of the Internet of Things (IoT) to support real-time monitoring of temperature, flow, pressure, gas usage and leakages, are providing an impetus to the market growth. Moreover, the increasing awareness amongst consumers regarding the benefits associated with smart gas meters, such as better gas distribution and usage insights, along with reduced natural gas wastage, are positively impacting the market growth. Other factors, including the rising expenditure capacities of consumers, the increasing number of smart city development projects, and the implementation of various government initiatives to encourage and regulate the adoption of energy-saving systems, such as smart gas meter, are anticipated to drive the market toward growth.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart gas meter market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on component, type and end use.
Breakup by Component:
Hardware
Software
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Automated Metering Infrastructure (AMI)
Automated Meter Reading (AMR)
Breakup by End Use:
Residential
Commercial
Industrial
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aclara Technologies LLC (Hubbell Incorporated), Aichi Tokei Denki Co. Ltd., Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Diehl Stiftung & Co. KG, EDMI Limited (Osaki Electric Co. Ltd.), Honeywell International Inc., Itron Inc, Landis+Gyr, Raychem RPG Private Limited, Schneider Electric SE, Siemens AG and Wasion Holdings Limited.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2024
Historical Period
2019-2024
Forecast Period
2025-2033
Units
US$ Billion
Segment Coverage
Component, Type, End Use, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Aclara Technologies LLC (Hubbell Incorporated), Aichi Tokei Denki Co. Ltd., Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Diehl Stiftung & Co. KG, EDMI Limited (Osaki Electric Co. Ltd.), Honeywell International Inc., Itron Inc, Landis+Gyr, Raychem RPG Private Limited, Schneider Electric SE, Siemens AG and Wasion Holdings Limited.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
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Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global smart gas meter market was valued at US$ 2.1 Billion in 2023.
We expect the global smart gas meter market to exhibit a CAGR of 6.2% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for smart gas meters.
The rising awareness towards the benefits of smart gas meters, such as better gas distribution, usage insights, and reduced natural gas wastage, is primarily driving the global smart gas meter market.
Based on the component, the global smart gas meter market can be categorized into hardware and software, where hardware currently exhibits clear dominance in the market.
Based on the type, the global smart gas meter market has been segmented into Automated Metering Infrastructure (AMI) and Automated Meter Reading (AMR). Currently, Automated Meter Reading (AMR) holds the largest market share.
Based on the end use, the global smart gas meter market can be bifurcated into residential, commercial, and industrial. Among these, the residential sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global smart gas meter market include Aclara Technologies LLC (Hubbell Incorporated), Aichi Tokei Denki Co. Ltd., Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Diehl Stiftung & Co. KG, EDMI Limited (Osaki Electric Co. Ltd.), Honeywell International Inc., Itron Inc, Landis+Gyr, Raychem RPG Private Limited, Schneider Electric SE, Siemens AG, and Wasion Holdings Limited.
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