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Global Smart Gas Metre Market Share, Size, Trends, Analysis, Growth, Forecast: By Technology: Automatic Metre Reading (AMR), Advanced Metering Infrastructure (AMI); By Type: Smart Ultrasonic Gas Metre, Smart Diaphragm Gas Metre; By Component: Hardware, Software; By End Use; Regional Analysis; Competitive Landscape; 2023-2028

Global Smart Gas Metre Market Outlook

The global smart gas metre market attained a value of nearly USD 2.96 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.80%, likely to attain a value of about USD 3.92 billion by 2028.

 

Key Trends in the Market

A smart metre helps in measuring gas or electricity use like a traditional metre and sends its readings to the supplier automatically. Gas companies remotely monitor the consumption of consumers to control their demand and operations efficiently, as well as invoice customers accurately with smart gas metres. 

 

With smart metres, gas can be switched on and off when fitted out with a remotely controlled valve. It depends on low-voltage battery power to expand operational life and avoid ignition risks.

 

  • The growing technological advancements, along with intelligent networks with an IoT-enabled platform to confirm efficient gas consumption monitoring patterns, are expected to propel the smart gas metre market demand across the globe.
  • Developing intelligent and sustainable gas management solutions for precise billing mechanisms, coupled with remote metering, is likely to promote product adoption. This is further expected to drive the market growth of smart gas metres over the coming years.
  • The strong adoption of innovative communication modules, along with the huge availability of various metre sizes comprising high-range coverage and low-power consumption, is expected to fuel the product usage. This is likely to push forward the market growth during the forecast period.

 

Market Analysis

Based on technology, the market can be segmented into automatic metre reading (AMR) and advanced metreing infrastructure (AMI). On the basis of type, the market is categorised into smart ultrasonic gas metre and smart diaphragm gas metre. Based on component, the market is segmented into hardware and software. On the basis of end-use, the market is categorised into residential, commercial, and industrial. The regional markets for the smart gas metre market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa. 

 

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. The report gives a detailed analysis of the following key players in the global smart gas metre market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

 

  • Sehaj Synergy Technologies Pvt. Ltd.
  • Honeywell International Inc.
  • Diehl Stiftung & Co. KG
  • Sensus
  • Itron Inc.
  • Others

 

Market Share by End-Uses

The residential segment is expected to hold substantial growth in the smart gas metre market share on account of the rising installation of gas metres in the residential sector. This is due to the surging trend of switching from fossil fuels to gas for household utilisation. The rising government support with subsidiaries and incentives is further promoting the usage of gas which is likely to boost the segment growth over the coming years. 

 

Going further, the transparency upheld, and rates imposed in accordance with smart gas usage are likely to contribute to the rise in smart metre gas growth installations. This is further expected to bolster the segment growth in the market.

 

Market Share by Region

The European region is expected to witness robust growth in the smart gas metre market due to the rising energy demand and greenhouse gas emission targets in the region. The stringent government rules and regulations by the government of Europe to offer end-users smart metreing units are expected to propel fuel the market share. 

 

Moreover, various regulators have launched security requirements and directives to guarantee the encryption of sensitive consumer data, which is further expected to encourage the product demand. The increasing shift towards renewables to attain short-term and long-term green energy targets has enhanced the number of smart gas metre installations. This is likely to support the market growth in the region over the coming years.

 

Competitive Landscape

Sehaj Synergy Technologies Pvt. Ltd. is a technology company that was founded in 2015. The company is driving innovation with its class leading and affordable range of smarter IoT Products. The company aims to simplify the usage of complex IoT projects. It is the first company that has created the LoRa network ecosystems end device and network in India.

 

Honeywell International Inc. is a technology and engineering company. It creates and produces technologies that find challenges in several sectors, like security, energy, productivity, and safety, along with global urbanisation. The company provides energy-efficient solutions and products, process technologies, speciality chemicals, electronic and advanced materials, sensing, productivity, safety and security technologies, spare parts, repair, overhaul, and maintenance services, management and technical services.

 

Diehl Group (also known as Diehl Stiftung) is a company that deals in the controls, metal, metreing divisions, defence, and aviation. The company is a well-respected partner in the aviation industry as an international first-tier supplier of avionics and cabin integration. It provides a huge spectrum of innovative technologies and products in the field of metal processing.

 

Other market players include Sensus, and Itron Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Type
  • Component
  • End Use
  • Region
Breakup by Technology
  • Automatic Metre Reading (AMR)
  • Advanced Metering Infrastructure (AMI)
Breakup by Type
  • Smart Ultrasonic Gas Metre
  • Smart Diaphragm Gas Metre
Breakup by Component
  • Hardware
  • Software
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sehaj Synergy Technologies Pvt. Ltd.
  • Honeywell International Inc.
  • Diehl Stiftung & Co. KG
  • Sensus
  • Itron Inc.
  • Others

 

*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    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Smart Gas Metre Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Smart Gas Metre Historical Market (2018-2022) 
    8.3    Global Smart Gas Metre Market Forecast (2023-2028)
    8.4    Global Smart Gas Metre Market by Technology
        8.4.1    Automatic Metre Reading (AMR)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Advanced Metering Infrastructure (AMI)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Smart Gas Metre Market by Type
        8.5.1    Smart Ultrasonic Gas Metre
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Smart Diaphragm Gas Metre
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Smart Gas Metre Market by Component
        8.6.1    Hardware
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Software
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Smart Gas Metre Market by End Use
        8.7.1    Residential
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Commercial
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Industrial
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
    8.8    Global Smart Gas Metre Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Smart Gas Metre Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Smart Gas Metre Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Smart Gas Metre Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Smart Gas Metre Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Smart Gas Metre Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Sehaj Synergy Technologies Pvt. Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Honeywell International Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Diehl Stiftung & Co. KG 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4     Sensus
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5     Itron Inc. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Smart Gas Metre Market: Key Industry Highlights, 2018 and 2028
2.    Global Smart Gas Metre Historical Market: Breakup by Technology (USD Billion), 2018-2022
3.    Global Smart Gas Metre Market Forecast: Breakup by Technology (USD Billion), 2023-2028
4.    Global Smart Gas Metre Historical Market: Breakup by Type (USD Billion), 2018-2022
5.    Global Smart Gas Metre Market Forecast: Breakup by Type (USD Billion), 2023-2028
6.    Global Smart Gas Metre Historical Market: Breakup by Component (USD Billion), 2018-2022
7.    Global Smart Gas Metre Market Forecast: Breakup by Component (USD Billion), 2023-2028
8.    Global Smart Gas Metre Historical Market: Breakup by End Use (USD Billion), 2018-2022
9.    Global Smart Gas Metre Market Forecast: Breakup by End Use (USD Billion), 2023-2028
10.    Global Smart Gas Metre Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Smart Gas Metre Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Smart Gas Metre Market Structure

Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 4.80% between 2023 and 2028.

In 2022, the global market of smart gas metres attained a value of nearly USD 2.96 billion.

The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach almost USD 3.92 billion by 2028.

The major market driver is the surging favorable government mandates & incentives for the installation of smart gas metreing systems.

The key smart gas metre market trends include rapid advancement in technologies and the growing demand from various end-users to adopt smart gas metres.

The various technologies of smart gas metres include automatic metre reading (AMR) and advanced metreing infrastructure (AMI).

The several end-uses of smart gas metres include residential, commercial, and industrial.

The smart metre and in-home display communicate via a secure national network that is solely for smart metres.

Gas smart metres are powered by a battery that's built into the metre.

The major players in the market are Sehaj Synergy Technologies Pvt. Ltd., Honeywell International Inc., Diehl Stiftung & Co. KG, Sensus, and Itron Inc., among others.

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