Gas Meter Market

Global Gas Meter Market Size, Share, Trends, Forecast: By Type: Basic, Smart; By End Use: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Gas Meter Market Outlook

The global gas meter market size was almost USD 3.86 billion in the year 2023. The market is further expected to grow at a CAGR of 5.20% between 2023 and 2028 to reach a value of almost USD 6.09 billion by 2032. The market is being driven by the growing government initiatives to promote the installation of gas meters and the rapid advancement in technology.

 

Global Gas Meter Market

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The basic gas meters, among other product-types, lead the industry, accounting for a significant share in the market. The growth of the basic gas meters segment can be attributed to their increased installations in the commercial and residential sectors. Further, the residential sector is the leading application segment in the industry owing to the rising installations and an increase in the number of residential connections. 

Region-wise, North America accounts for the largest share in the global market owing to the low fuel prices in the region coupled with the initiation of new pipeline projects. The developed nations like the United States and the United Kingdom are expected to create several growth opportunities for the market, owing to the increasing adoption of smart gas meters in the future. 

 

Market Segmentation

Gas meter is a device used to analyse and record the amount of gas consumed or produced. They ensure adequate gas pressure from the main supply, further maintaining a record of gas usage and providing accurate bills.

 

Gas Meter Market by Type

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The different types of the product in the industry are:

  • Basic 
  • Smart 

On the basis of end use, the industry is divided into:

  • Industrial
  • Commercial
  • Residential

The report also covers the regional gas meter markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Gas Meter Market by Region

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Market Analysis 

The global gas meter market is driven by its increased adoption in the commercial as well residential sector supported by government initiatives. Governments across the globe are taking several initiatives to encourage the use of gas meters, which is expected to boost the market growth over the forecast period. Major players in the industry are collaborating with government agencies to develop advanced systems. The rapid urbanisation and industrialisation, coupled with the development of smart gas meters with real-time information on energy consumption, is expected propel the gas meter market globally. 

In the emerging nations like India and China, rapid industrialisation has led to the increase in the usage of natural gas in various sectors. As the installation of gas meter helps in reducing the wastage of gas during its supply, transmission, and distribution, the governments of these countries are increasingly adopting these meters. On the other hand, in developed countries, governments are focusing on the installation of the meters in every household or small business. For instance, the United Kingdom government has initiated the Smart Metering Programme that targets to distribute smart gas meters among 53 million domestic and non-domestic properties in the Great Britain by 2021, aiming to provide real-time information regarding energy consumption to the consumers. 

Moreover, the leading companies and manufacturers in the industry are investing in R&D activities to develop innovative gas meters equipped with the latest technology, such as in-home display (IHD) meters, which provides information about energy consumption and the amount of money it will incur you in near-real-time. Such trends are expected to aid the growth of the global gas meter market in the forecast period. 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the global gas meter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Honeywell International Inc.
  • Itron Inc
  • Apator SA.
  • Diehl Stiftung & Co. KG
  • Sensus (Xylem Inc.)
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. 

 

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region
Breakup by Type Basic, Smart
Breakup by End Use Residential, Commercial, Industrial
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Honeywell International Inc., Itron Inc, Apator SA., Diehl Stiftung & Co. KG, Sensus (Xylem Inc.), Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Gas Meter Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Gas Meter Historical Market (2018-2023) 
    8.3    Global Gas Meter Market Forecast (2024-2032)
    8.4    Global Gas Meter Market by Type
        8.4.1    Basic
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Smart
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Gas Meter Market by End Use
        8.5.1    Residential
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Commercial
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Industrial
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)   
    8.6    Global Gas Meter Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Gas Meter Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Gas Meter Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Gas Meter Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Gas Meter Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Gas Meter Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Manufacturing Process

    16.1    Overview
    16.2    Detailed Process Flow
    16.3    Operation Involved
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Honeywell International Inc.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Itron Inc
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Apator SA.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Diehl Stiftung & Co. KG
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Sensus (Xylem Inc.)
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications            
        17.2.6    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Gas Meter Market: Key Industry Highlights, 2018 and 2032
2.    Global Gas Meter Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Gas Meter Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Gas Meter Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Gas Meter Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Gas Meter Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Gas Meter Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Gas Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Gas Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Gas Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Gas Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Gas Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Gas Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Gas Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Gas Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Gas Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Gas Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Gas Meter Market Structure

Key Questions Answered in the Report

In 2023, the global gas meter market attained a value of nearly USD 3.86 billion. 

In the forecast period of 2024-2032, the market is expected to grow at a CAGR of 5.20%.

By 2032, the market is expected to attain a value of USD 6.09 billion.

The major market drivers include the surging installation of gas meters in the residential sector, growing demand for gas meters in developing countries, and rapid urbanisation.

The key trends guiding the market include technological advancements and advancements, the increasing research activities by leading companies to launch innovative gas meters equipped with latest technologies, and the introduction of favourable government initiatives aimed at reducing the wastage of natural gas during its supply, distribution, and transmission.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Basic and smart are the significant types of gas meters.

The major end uses of gas meters include residential, commercial, and industrial.

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

Analyst Review

The global gas meter market attained a value of USD 3.86 billion in 2023, driven by the rising demand from the residential sectors. Aided by the favourable government regulations, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.20%. The market is projected to reach USD 6.09 billion by 2032. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into basic and smart gas meters, with basic gas meter accounting for the largest market share. On the basis of end use, the residential sector accounts for the largest share in the market. The major regional markets for the product are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share of the market. The key players in the above market include Honeywell International Inc., Itron Inc, Apator SA., Diehl Stiftung & Co. KG, and Sensus (Xylem Inc.), among others. 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition. 

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