Top 5 Companies Ruling the Global Gas Meter Market, Facilitating Gas Supply and Cost Optimisation

Honeywell International Inc., Itron Inc, Apator SA., Diehl Stiftung & Co. KG, and Sensus (Xylem Inc.), among others, are the major players in the global gas meter market.

The global gas meter market is expected to grow at a CAGR of 5.20% in the forecast period of 2023-2028. As per the analysis of Expert Market Research, the market is driven by the growing government initiatives to promote the installation of gas meters and the rapid advancement in technology.

The surging installation of gas meters in the residential and commercial sectors is driving the market growth. Several benefits associated with gas meters such as reduction of overall costs, elimination of inaccurate bills, and identification of wasteful equipment, among others, are boosting their adoption. Furthermore, technological advancements and innovations are leading to the development of gas meters that incorporates IoT capabilities and high-performance ultrasonic sensors. As such gas meters enable gas utilities to better manage their devices, plan internal operations, and optimise gas supply, their demand is significantly rising.

Various leading companies in the market are increasingly developing innovative gas meters for residential and commercial applications. Smart gas meters, for example, provides precise ultrasonic measurement and advanced smart sensing functions like continuous health checks and theft detection while offering integrated communications. Through remote management, smart gas meters can also enhance operational efficiency, hence maximising cost savings of gas utilities. Moreover, smart gas meters gather real-time consumption data, which can support gas utilities to reduce the requirement for skilled labour. Smart gas meters are durable and compact with capabilities to perform continuous health check-ups through internal diagnostics.

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Top 5 Gas Meter Companies in the World:

Honeywell International Inc.

Honeywell International is a company that offers innovative services and solutions in various end-use sectors, including aerospace and performance materials, among others. In 2021, the company generated sales of USD 34 billion. In April 2022, the company expanded its Spectra® Medical Grade (MG) Bio fibre portfolio by introducing the New Blue Spectra® for complex surgical procedures.

Itron Inc

Itron, with its wide portfolio of foundational networks, insightful services, and smart and connected devices, aims to provide reliable and efficient solutions to consumers. With a presence in over 100 countries across the globe, the company provides secure, safe, critical, and reliable infrastructure solutions to improve the well-being of people. It has delivered more than 200 million communication modules and over 800 endpoints under management. Moreover, it has more than 8,000 consumers across the globe.

Apator SA.

Apator is a leading provider of metering systems and devices. It supports the smooth and efficient operations of water, electricity, as well as gas networks. The company has a wide presence in Europe and is a major provider of modern power generation solutions in the region. With 9 manufacturing plants and distribution to 60 countries around the world, the company boasts an employee base of 2,400+.

Diehl Stiftung & Co. KG

Diehl Stiftung & Co. KG is a company based in Germany that operates in the areas of controls, defence, metal, aviation, and metering. The company aims to develop sustainable and durable solutions to reduce annual power consumption. In September 2022, the company implemented a Fixed Network solution in Greater Copenhagen to support HOFOR in creating sustainable communities and cities.

Sensus (Xylem Inc.)

Sensus is a Xylem brand that builds connections to automate and enhance the efficiency of gas, electricity, and water distribution systems operations. In November 2021, its Sonix IQTM gas meter and FlexNet® communication network were used in Tennessee in the United States, for remote management of gas distribution systems.