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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; 2024-2032
Global Smart Gas Metre Market Outlook
The global smart gas metre market attained a value of nearly USD 3.10 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.8% likely to attain a value of about USD 4.73 billion by 2032.
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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
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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.
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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 | 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:
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| Breakup by Technology |
|
| Breakup by Type |
|
| Breakup by Component |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 (2018-2023)
8.3 Global Smart Gas Metre Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Advanced Metering Infrastructure (AMI)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Smart Diaphragm Gas Metre
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Software
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Commercial
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Industrial
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Smart Gas Metre Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Smart Gas Metre Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Gas Metre Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Gas Metre Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 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 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 2032
2. Global Smart Gas Metre Historical Market: Breakup by Technology (USD Billion), 2018-2023
3. Global Smart Gas Metre Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4. Global Smart Gas Metre Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Smart Gas Metre Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Smart Gas Metre Historical Market: Breakup by Component (USD Billion), 2018-2023
7. Global Smart Gas Metre Market Forecast: Breakup by Component (USD Billion), 2024-2032
8. Global Smart Gas Metre Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Smart Gas Metre Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Smart Gas Metre Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Smart Gas Metre Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Smart Gas Metre Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Smart Gas Metre Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Smart Gas Metre Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 4.8% between 2024 and 2032.
In 2023, the global market of smart gas metres attained a value of nearly USD 3.10 billion.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 4.73 billion by 2032.
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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