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With an initial valuation of $3.98B in 2023, the global smart gas metering systems market is expected to reach $10.99B by 2031, expanding from $4.14B in 2024 at a CAGR of 12%.
An ever-increasing focus on energy efficiency and the incorporation of smart technologies into utility management are driving the smart gas metering systems market globally to phenomenal growth. In the midst of utilities' worldwide infrastructure modernization efforts, smart gas metering systems offer improved billing accuracy, remote tracking, and real-time data collection. In addition to driving demand for sophisticated gasoline metering technologies, the market is defined by a spike in investments in smart city projects.
The expansion of the market is aided by regulatory requirements pertaining to energy saving and the integration of Internet of Things (IoT) technologies. To improve device capabilities and deal with increasing organizational needs, key companies focus on innovation, which includes AMR/AMI technology. In response to the worldwide trend towards responsible and environmentally friendly software management solutions, the Asia-Pacific region is quickly becoming a major player in the market, thanks to its increasing urbanization and electricity demand.
There are a lot of benefits to using smart gas metering instead of older, more antiquated methods of measuring and tracking natural gas usage. Consumers and utility companies can now accurately monitor gas usage in real-time thanks to these smart meters that automate data collection. Utilities companies can manage meters more efficiently and resolve issues faster with remote access capabilities, since it eliminates the need for personal visits. A more conscientious use of natural gas can help consumers save money, reduce their impact on the environment, and improve the accuracy of their bills. In order to establish consumer confidence and system dependability, smart gas metering systems must take data security and privacy into account while still complying with regulations.
The global impact of COVID-19 was profound and life-altering. A big impact was felt in the smart gas metering industry. Different markets were affected differently by the virus. Several countries instituted lockdown procedures. All kinds of companies had their operations interrupted by this unpredictable outbreak. As the number of confirmed cases increased during the epidemic, restrictions were strengthened. It had an impact on a wide range of industries. But there was a surge in demand for smart gas meters.
New smart gas meters and regular maintenance became more difficult to implement due to the pandemic's effects on supply chains and physical access limitations to homes and businesses. In certain areas, this slowed down the rollout of upgrades and deployment plans. The implementation of social distancing measures and lockdowns created logistical hurdles for the remote monitoring and operation of smart gas metering devices. In order to keep these systems running, businesses have to change their operational methods.
The capability of gasoline metering systems is being enhanced by the growing incorporation of cutting-edge technology, such as the Internet of Things (IoT) and artificial intelligence. Utilities can optimize consumption styles and improve overall operational effectiveness with the use of real-time data collecting. Moreover, utilities are increasingly relying on cloud-based solutions and facts analytics to provide them with practical insights for decision-making.
Report Coverage
Global Smart Gas Metering Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smart Gas Metering Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smart Gas Metering Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smart Gas Metering Systems market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smart Gas Metering Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smart Gas Metering Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honeywell International Inc. (US), Itron, Inc. (US), Apator S.A. (Poland), Landis+Gyr (Switzerland), Elster Group GmbH (Germany), Sensus, a Xylem brand (US), Kamstrup A/S (Denmark), Diehl Metering GmbH (Germany), EDMI Group (Elster, Landis+Gyr) (France), Zenner International GmbH & Co. KG (Germany), Aidon Corporation (UK), Metronix AG (Switzerland), Gazprom Metering (Russia), Nantong Tongxu Electronics Co., Ltd. (China), Shanghai Meters Co., Ltd. (China), Wuhan Kaidi Electric Meter Co., Ltd. (China), Cecomp India Ltd. (India), Elcom Metering Pvt. Ltd. (India), Acromag, Inc. (US), Netadpo Technologies Pvt. Ltd. (India).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Smart Gas Metering Systems market based on the below-mentioned segments:
Global Smart Gas Metering Systems Market, By Technology Type
Automatic Meter Reading (AMR)
Advanced Metering Infrastructure (AMI)
Global Smart Gas Metering Systems market, By Component
Hardware
Meters
Communication Devices
Software
Services
Global Smart Gas Metering Systems Market, By End User
Residential
Commercial
Industrial
Global Smart Gas Metering Systems market, Regional Analysis
An ever-increasing focus on energy efficiency and the incorporation of smart technologies into utility management are driving the smart gas metering systems market globally to phenomenal growth. In the midst of utilities' worldwide infrastructure modernization efforts, smart gas metering systems offer improved billing accuracy, remote tracking, and real-time data collection. In addition to driving demand for sophisticated gasoline metering technologies, the market is defined by a spike in investments in smart city projects.
The expansion of the market is aided by regulatory requirements pertaining to energy saving and the integration of Internet of Things (IoT) technologies. To improve device capabilities and deal with increasing organizational needs, key companies focus on innovation, which includes AMR/AMI technology. In response to the worldwide trend towards responsible and environmentally friendly software management solutions, the Asia-Pacific region is quickly becoming a major player in the market, thanks to its increasing urbanization and electricity demand.
There are a lot of benefits to using smart gas metering instead of older, more antiquated methods of measuring and tracking natural gas usage. Consumers and utility companies can now accurately monitor gas usage in real-time thanks to these smart meters that automate data collection. Utilities companies can manage meters more efficiently and resolve issues faster with remote access capabilities, since it eliminates the need for personal visits. A more conscientious use of natural gas can help consumers save money, reduce their impact on the environment, and improve the accuracy of their bills. In order to establish consumer confidence and system dependability, smart gas metering systems must take data security and privacy into account while still complying with regulations.
The global impact of COVID-19 was profound and life-altering. A big impact was felt in the smart gas metering industry. Different markets were affected differently by the virus. Several countries instituted lockdown procedures. All kinds of companies had their operations interrupted by this unpredictable outbreak. As the number of confirmed cases increased during the epidemic, restrictions were strengthened. It had an impact on a wide range of industries. But there was a surge in demand for smart gas meters.
New smart gas meters and regular maintenance became more difficult to implement due to the pandemic's effects on supply chains and physical access limitations to homes and businesses. In certain areas, this slowed down the rollout of upgrades and deployment plans. The implementation of social distancing measures and lockdowns created logistical hurdles for the remote monitoring and operation of smart gas metering devices. In order to keep these systems running, businesses have to change their operational methods.
The capability of gasoline metering systems is being enhanced by the growing incorporation of cutting-edge technology, such as the Internet of Things (IoT) and artificial intelligence. Utilities can optimize consumption styles and improve overall operational effectiveness with the use of real-time data collecting. Moreover, utilities are increasingly relying on cloud-based solutions and facts analytics to provide them with practical insights for decision-making.
Report Coverage
Global Smart Gas Metering Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smart Gas Metering Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smart Gas Metering Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smart Gas Metering Systems market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Honeywell International Inc. (US), Itron, Inc. (US), Apator S.A. (Poland), Landis+Gyr (Switzerland), Elster Group GmbH (Germany), Sensus, a Xylem brand (US), Kamstrup A/S (Denmark), Diehl Metering GmbH (Germany), EDMI Group (Elster, Landis+Gyr) (France), Zenner International GmbH & Co. KG (Germany), Aidon Corporation (UK), Metronix AG (Switzerland), Gazprom Metering (Russia), Nantong Tongxu Electronics Co., Ltd. (China), Shanghai Meters Co., Ltd. (China), Wuhan Kaidi Electric Meter Co., Ltd. (China), Cecomp India Ltd. (India), Elcom Metering Pvt. Ltd. (India), Acromag, Inc. (US), Netadpo Technologies Pvt. Ltd. (India). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Smart Gas Metering Systems Market from 2021 to 2031.
- Market Forecast for Smart Gas Metering Systems Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Smart Gas Metering Systems competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Smart Gas Metering Systems
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smart Gas Metering Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smart Gas Metering Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honeywell International Inc. (US), Itron, Inc. (US), Apator S.A. (Poland), Landis+Gyr (Switzerland), Elster Group GmbH (Germany), Sensus, a Xylem brand (US), Kamstrup A/S (Denmark), Diehl Metering GmbH (Germany), EDMI Group (Elster, Landis+Gyr) (France), Zenner International GmbH & Co. KG (Germany), Aidon Corporation (UK), Metronix AG (Switzerland), Gazprom Metering (Russia), Nantong Tongxu Electronics Co., Ltd. (China), Shanghai Meters Co., Ltd. (China), Wuhan Kaidi Electric Meter Co., Ltd. (China), Cecomp India Ltd. (India), Elcom Metering Pvt. Ltd. (India), Acromag, Inc. (US), Netadpo Technologies Pvt. Ltd. (India).
Primary Target Market
- Market Players of Smart Gas Metering Systems
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Smart Gas Metering Systems market based on the below-mentioned segments:
Global Smart Gas Metering Systems Market, By Technology Type
Automatic Meter Reading (AMR)
Advanced Metering Infrastructure (AMI)
Global Smart Gas Metering Systems market, By Component
Hardware
Meters
Communication Devices
Software
Services
Global Smart Gas Metering Systems Market, By End User
Residential
Commercial
Industrial
Global Smart Gas Metering Systems market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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