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The global gas meter market size was almost USD 3.32 billion in the year 2020. The market is further expected to grow at a CAGR of 5.1% between 2021 and 2026 to reach a value of almost USD 4.5 billion by 2026. The market is being driven by the growing government initiatives to promote the installation of gas meters and the rapid advancement in technology.
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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.
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.
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The different types of the product in the industry are:
On the basis of end use, the industry is divided into:
The report also covers the regional gas meter markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
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:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
|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, EMR’s 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.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Gas Meter Market Analysis
8.1 Key Industry Highlights
8.2 Global Gas Meter Historical Market (2016-2020)
8.3 Global Gas Meter Market Forecast (2021-2026)
8.4 Global Gas Meter Market by Type
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2016-2020)
184.108.40.206 Forecast Trend (2021-2026)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2016-2020)
22.214.171.124 Forecast Trend (2021-2026)
8.5 Global Gas Meter Market by End Use
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2016-2020)
184.108.40.206 Forecast Trend (2021-2026)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2016-2020)
22.214.171.124 Forecast Trend (2021-2026)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2016-2020)
184.108.40.206 Forecast Trend (2021-2026)
8.6 Global Gas Meter Market by Region
8.6.1 Market Share
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 Latin America
126.96.36.199 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
188.8.131.52 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
184.108.40.206 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.2 Detailed Process Flow
12.3 Operations Involved
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Company Profiles
13.3.1 Honeywell International Inc.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.3.2 Itron Inc
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.3.3 Apator SA.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.3.4 Diehl Stiftung & Co. KG
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.3.5 Sensus (Xylem Inc.)
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14 Industry Events and Developments
List of Figures and Tables
1. Global Gas Meter Market: Key Industry Highlights, 2016 and 2026
2. Global Gas Meter Historical Market: Breakup by Type (USD Billion), 2016-2020
3. Global Gas Meter Market Forecast: Breakup by Type (USD Billion), 2021-2026
4. Global Gas Meter Historical Market: Breakup by Application (USD Billion), 2016-2020
5. Global Gas Meter Market Forecast: Breakup by Application (USD Billion), 2021-2026
6. Global Gas Meter Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Gas Meter Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Gas Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Gas Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Gas Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Gas Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Gas Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Gas Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Gas Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Gas Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Gas Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Gas Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Global Gas Meter Market Structure
In 2020, the global gas meter market attained a value of nearly USD 3.32 billion.
In the forecast period of 2021-2026, the market is expected to grow at a CAGR of 5.1%.
By 2026, the market is expected to attain a value of USD 4.5 billion.
The major drivers of the industry, such as the rising installation in the residential sectors, rapid urbanisation, growing demand from the emerging regions, and rising R&D investments, are expected to aid the market growth.
The key trends guiding the growth of the market include the favourable government regulations pertaining to the installation of gas meters and rapid technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.
The leading type of the product in the industry is the basic gas meter.
The dominant end use sector of gas meter is the residential sector.
The major players in the industry are Honeywell International Inc., Itron Inc, Apator SA., Diehl Stiftung & Co. KG, and Sensus (Xylem Inc.), among others.
The global gas meter market attained a value of USD 3.32 billion in 2020, 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 2021-2026, growing at a CAGR of 5.1%. The market is projected to reach USD 4.5 billion by 2026.
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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