Smart Gas Meters Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034
Description
The Global Smart Gas Meters Market was valued at USD 6.68 billion in 2024 and is estimated to grow at a CAGR of 16.9% to reach USD 31.57 billion by 2034. The growth is driven by the growing emphasis on energy efficiency, regulatory mandates, and the global transition toward digital utility infrastructure. Smart gas meters, unlike traditional ones, enable two-way communication between utilities and consumers, allowing real-time monitoring, accurate billing, and proactive leak detection. This capability significantly reduces human errors, enhances safety, and minimizes operational costs by eliminating manual readings.
Technological advancements in Advanced Metering Infrastructure (AMI) are contributing substantially to the market growth. AMI meters enable near real-time data exchange and support features such as predictive maintenance, outage detection, and dynamic pricing. With a market value of USD 3.6 billion in 2024, the AMI segment leads due to its ability to support data-rich analytics platforms. The Automated Meter Reading (AMR) segment, although more cost-effective, is seeing increased adoption in rural and infrastructure-constrained areas and complements the transition strategy toward full-scale AMI.
In terms of application, residential smart gas meters dominated the market in 2024, generating USD 2.57 billion, as rising consumer demand for real-time insights, carbon tracking, and integration with home automation systems continues to grow. The adoption is also boosted by bundled solutions combining smart gas, electricity, and water meters, appealing to smart city developers and property managers alike. For utilities and commercial users, these meters enable precise energy audits, support decarbonization goals, and enhance system resilience through predictive diagnostics and demand forecasting.
Europe held the largest regional share in 2024, accounting for USD 3.35 billion, followed by North America and Asia Pacific. The European market is primarily driven by stringent energy regulations, digital infrastructure investments, and smart city initiatives, while Asia Pacific is seeing rapid growth due to urbanization and government-backed digitization programs. The Middle East & Africa region is expected to witness the highest CAGR of 26.8% during the forecast period, propelled by utility reforms and infrastructure modernization across Gulf nations.
Key industry players, including Honeywell International, Schneider Electric, Landis+Gyr, Itron, and Zenner International, are accelerating innovation through partnerships, edge computing integration, and enhanced cybersecurity measures. With growing momentum in smart city deployments and increasing awareness around efficient gas consumption, the global smart gas meters market is poised for robust growth over the next decade.
Technological advancements in Advanced Metering Infrastructure (AMI) are contributing substantially to the market growth. AMI meters enable near real-time data exchange and support features such as predictive maintenance, outage detection, and dynamic pricing. With a market value of USD 3.6 billion in 2024, the AMI segment leads due to its ability to support data-rich analytics platforms. The Automated Meter Reading (AMR) segment, although more cost-effective, is seeing increased adoption in rural and infrastructure-constrained areas and complements the transition strategy toward full-scale AMI.
In terms of application, residential smart gas meters dominated the market in 2024, generating USD 2.57 billion, as rising consumer demand for real-time insights, carbon tracking, and integration with home automation systems continues to grow. The adoption is also boosted by bundled solutions combining smart gas, electricity, and water meters, appealing to smart city developers and property managers alike. For utilities and commercial users, these meters enable precise energy audits, support decarbonization goals, and enhance system resilience through predictive diagnostics and demand forecasting.
Europe held the largest regional share in 2024, accounting for USD 3.35 billion, followed by North America and Asia Pacific. The European market is primarily driven by stringent energy regulations, digital infrastructure investments, and smart city initiatives, while Asia Pacific is seeing rapid growth due to urbanization and government-backed digitization programs. The Middle East & Africa region is expected to witness the highest CAGR of 26.8% during the forecast period, propelled by utility reforms and infrastructure modernization across Gulf nations.
Key industry players, including Honeywell International, Schneider Electric, Landis+Gyr, Itron, and Zenner International, are accelerating innovation through partnerships, edge computing integration, and enhanced cybersecurity measures. With growing momentum in smart city deployments and increasing awareness around efficient gas consumption, the global smart gas meters market is poised for robust growth over the next decade.
Table of Contents
122 Pages
- Chapter 1 Methodology
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.1.3 Base estimates and calculations
- 1.1.4 Base year calculation
- 1.1.5 Market estimates & forecast parameters
- 1.1.6 Key trends for market estimates
- 1.2 Market definitions
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.5 Some of the primary sources (but not limited to)
- 1.6 Data mining sources
- 1.6.1 Secondary
- 1.6.1.1 Paid sources
- 1.6.1.2 Source, by region
- Chapter 2 Executive Summary
- 2.1 Industry snapshot
- 2.2 Business trends
- 2.3 Technology trends
- 2.4 Application trends
- 2.5 Regional trends
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.2.1 North America
- 3.2.1.1 U.S.
- 3.2.1.1.1 American National Standards Institute (ANSI)
- 3.2.1.1.1.1 ANSI C
- 12.20
- 3.2.1.1.1.2 ANSI C
- 12.1
- 3.2.1.1.2 Underwriters Laboratories (UL)
- 3.2.1.1.2.1 UL 2735
- 3.2.1.2 Canada
- 3.2.1.2.1 Canada Standards Association (CSA)
- 3.2.1.2.1.1 CSA C
- 22.2 No. 61010
- 3.2.1.2.1.2 CSA Z662
- 3.2.2 Europe
- 3.2.2.1 European Union Policies
- 3.2.2.2 Metering for gas and electricity
- 3.2.2.3 UK
- 3.2.2.3.1 British Standards Institution (BSI) - BS 7967
- 3.2.2.3.2 Smart Metering Installation Code of Practice (SMICoP)
- 3.2.2.3.3 Energy Networks Association (ENA) - Smart Meter Technical Standards
- 3.2.2.3.4 The Data Communications Company (DCC) - Smart Metering Communication Standard (SMETS)
- 3.2.2.3.5 International Electrotechnical Commission (IEC) Standards
- 3.2.2.3.6 UK Gas Safety Regulations
- 3.2.2.3.7 General Data Protection Regulation (GDPR)
- 3.2.2.3.8 The Consumer Protection from Unfair Trading Regulations 2008
- 3.2.2.4 Germany
- 3.2.2.4.1 EU Regulation 2017/1485 - Electricity Network Code
- 3.2.2.4.2 VDE (Association for Electrical, Electronic & Information Technologies) Standards
- 3.2.2.4.3 DIN Standards
- 3.2.2.5 France
- 3.2.2.6 Ireland
- 3.2.2.6.1 Electricity Regulation Act 1999 (as amended)
- 3.2.2.7 Netherlands
- 3.2.2.7.1 Legal and Regulatory Status
- 3.2.2.7.2 Implementation Status
- 3.2.2.8 Luxembourg
- 3.2.2.8.1 Legal and Regulatory Status
- 3.2.2.8.2 Implementation Status
- 3.2.2.9 Italy
- 3.2.2.9.1 Legal and regulatory status
- 3.2.2.9.2 Regulatory and tariff framework
- 3.2.2.9.2.1 Regulation on tariffs for the gas distribution and metering service
- 3.2.2.9.2.2 Regulation on the quality of the gas smart metering service
- 3.2.2.9.3 Regulation on isolated LNG networks
- 3.2.2.9.4 Provisions enabling the regulation for gas distribution service tenders
- 3.2.2.9.5 Tariff framework
- 3.2.3 Asia Pacific
- 3.2.3.1 Japan
- 3.2.3.1.1 Gas Utility Law (Gas Business Act)
- 3.2.3.1.2 Ministry of Economy, Trade and Industry (METI) Guidelines
- 3.2.3.1.3 Japan Gas Association (JGA) Standards
- 3.2.3.1.4 Smart Metering System Standards (Smart Grid Standards)
- 3.2.3.1.5 Japan Industrial Standards (JIS)
- 3.2.3.1.6 Telecommunication and Data Security Regulations
- 3.2.3.1.7 Safety Standards by the Japan Gas Safety Institution (JGSI)
- 3.2.3.1.8 Energy Efficiency and Environmental Regulations
- 3.2.3.1.9 Metering Data Management Regulations
- 3.3 Industry impact forces
- 3.3.1 Market growth drivers
- 3.3.1.1 Favourable government regulations and directives
- 3.3.1.2 Energy conservation
- 3.3.1.3 Accuracy & optimization in billings
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 Privacy and cyber security concerns
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
- Chapter 4 Competitive Landscape, 2025
- 4.1 Competitive landscape
- 4.2 Strategic dashboard
- 4.2.1 Landis+Gyr
- 4.2.1.1 Business expansion
- 4.2.1.2 Partnership
- 4.2.2 Apator
- 4.2.2.1 Business expansion
- 4.2.3 Wasion Group
- 4.2.3.1 Business expansion
- 4.2.4 Itron
- 4.2.4.1 Licensing agreement
- 4.2.4.2 Business expansion
- 4.2.4.2.1 Other key strategies in the smart gas market include:
- 4.3 Innovation & technology landscape
- 4.3.1 Honeywell International
- 4.3.2 Apator
- 4.3.3 Landis+Gyr
- 4.3.4 Zenner International
- 4.3.5 Itron
- Chapter 5 Market Size and Forecast, By Technology, 2021 - 2034 ('000 Units & USD Million)
- 5.1 Key trends
- 5.2 AMI
- 5.3 AMR
- Chapter 6 Market Size and Forecast, By Application, 2021 - 2034 ('000 Units & USD Million)
- 6.1 Key trends
- 6.2 Residential
- 6.3 Commercial
- 6.4 Utility
- Chapter 7 Market Size and Forecast, By Region, 2021 - 2034 ('000 Units & USD Million)
- 7.1 Key trends
- 7.2 North America
- 7.3 Europe
- 7.4 Asia Pacific
- 7.5 Middle East & Africa
- 7.6 Latin America
- Chapter 8 Company Profiles
- 8.1 Aclara Technologies
- 8.1.1 Financial data
- 8.1.2 Product landscape
- 8.1.3 SWOT analysis
- 8.2 Apator
- 8.2.1 Financial data
- 8.2.2 Product landscape
- 8.2.3 Strategic outlook
- 8.2.4 SWOT analysis
- 8.3 Azbil Kimmon
- 8.3.1 Financial data
- 8.3.2 Product landscape
- 8.3.3 SWOT analysis
- 8.4 Chint Group
- 8.4.1 Financial data
- 8.4.2 Product landscape
- 8.4.3 SWOT analysis
- 8.5 Honeywell International
- 8.5.1 Financial data
- 8.5.2 Product landscape
- 8.5.3 Strategic outlook
- 8.5.4 SWOT analysis
- 8.6 Itron
- 8.6.1 Financial data
- 8.6.2 Product landscape
- 8.6.3 Strategic outlook
- 8.6.4 SWOT analysis
- 8.7 Landis+Gyr
- 8.7.1 Financial data
- 8.7.2 Product landscape
- 8.7.3 Strategic outlook
- 8.7.4 SWOT analysis
- 8.8 Neptune Technology Group
- 8.8.1 Financial data
- 8.8.2 Product landscape
- 8.8.3 SWOT analysis
- 8.9 Osaki Electric
- 8.9.1 Financial data
- 8.9.2 Product landscape
- 8.9.3 SWOT analysis
- 8.10 Raychem RPG
- 8.10.1 Financial data
- 8.10.2 Product landscape
- 8.10.3 SWOT analysis
- 8.11 Schneider Electric
- 8.11.1 Financial data
- 8.11.2 Product landscape
- 8.11.3 SWOT analysis
- 8.12 Sensus
- 8.12.1 Financial data
- 8.12.2 Product landscape
- 8.12.3 SWOT analysis
- 8.13 Wasion Group
- 8.13.1 Financial data
- 8.13.2 Product landscape
- 8.13.3 SWOT analysis
- 8.14 Zenner International
- 8.14.1 Financial data
- 8.14.2 Product landscape
- 8.14.3 Strategic outlook
- 8.14.4 SWOT analysis
- 8.14.5 Strategic outlook
- 8.14.6 SWOT analysis
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