Market Overview:
The global smart gas meter market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and automated solutions across different applications, rising concerns over energy security, and growing investments in smart grid infrastructure worldwide. Based on type, the global smart gas meter market can be segmented into automatic meter reading (AMR) and advanced metering infrastructure (AMI). AMR is expected to account for a larger share of the market than AMI during the forecast period. This can be attributed to its lower installation costs as compared to AMI and its ability to provide real-time data about gas usage patterns. Based on application, the global smart gas meter market can be segmented into residential, commercial, and industrial applications. Residential applications are expected to account for a larger share of the market than commercial and industrial applications during the forecast period.
Product Definition:
A Smart Gas Meter is a gas meter that can send and receive data. This data can be used to help customers track their gas usage, as well as provide utilities with information on how much gas is being used in different areas of the city. Smart Gas Meters are important because they can help utilities better manage the flow of natural gas and prevent shortages or overages.
Automatic Meter Reading (AMR):
Automatic Meter Reading (AMR) is a technology that enables utilities to automatically read the electricity or gas consumption of an individual consumer. It also provides real-time information about the energy usage pattern of consumers. The data obtained from this system helps in identifying areas for cost reduction and optimization, thereby increasing customer satisfaction level.
The global Smart Gas Meter market size was valued at USD 6,500 million in 2016.
Advanced Metering Infrastructure (AMI):
Advanced Metering Infrastructure (AMI) is a set of standards and protocols that facilitate communication between smart gas meters and the utility. AMI helps in real-time meter reading, data analytics, automated meter reading (AMR), customer information system interoperability, intelligent network management systems integration along with other benefits. It also provides an opportunity for utilities to offer new services such as time-based electricity pricing or demand response based on consumer behavior.
Application Insights:
The commercial segment accounted for the largest share of over 60.0% in 2017 and is anticipated to witness significant growth over the forecast period. The growing adoption of smart gas meters across various commercial sectors, such as power generation, oil & gas, and transportation are expected to drive the global market growth over the forecast period.
Residential application is projected to be one of the fastest-growing segments owing to increasing number of residential consumers adopting advanced energy management solutions that include solar PV systems along with smart meters. Moreover, government initiatives coupled with rising awareness regarding AMI are likely to propel demand for these devices among residential consumers globally.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing number of commercial buildings, industrial plants, and residential houses in India and China. In addition, rising investments in AMI projects are anticipated to drive the regional demand for smart gas meters over the forecast period.
The North America region accounted for a significant share of revenue owing to early adoption of advanced metering infrastructure (AMI) technologies across various sectors including electricity & gas distribution companies; oil & gas pipeline operators; power producers; and other large industrial consumers. Moreover, presence of key market players such as General Electric (GE); Honeywell International Inc.; Johnson Controls Inc.; Siemens AG; Bosch Ltd.; and Schneider Electric is also likely to contribute toward industry growth in this region.
Growth Factors:
- Increasing demand for smart gas meters from residential and commercial sectors
- Favorable government policies and regulations for the adoption of smart gas meters
- Rising awareness about the benefits of using smart gas meters among consumers
- Growing investments in research and development activities for the advancement of smart gas meter technology
- Proliferation of digital technologies that are enabling new applications for smart gas meters
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Gas Meter Market Research Report
By Type
Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI)
By Application
Residential, Commercial, Industrial
By Companies
Elster Group GmbH, Itron, Flonidan, Landis+Gyr, Xylem Inc, Apator Group, ZENNER, Diehl Metering, Yazaki Corporation, Schneider Electric, EDMI, MeterSit, Goldcard, Innover, Viewshine, Shaanxi Aerospace Power, Suntront Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Smart Gas Meter Market Report Segments:
The global Smart Gas Meter market is segmented on the basis of:
Types
Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Elster Group GmbH
- Itron
- Flonidan
- Landis+Gyr
- Xylem Inc
- Apator Group
- ZENNER
- Diehl Metering
- Yazaki Corporation
- Schneider Electric
- EDMI
- MeterSit
- Goldcard
- Innover
- Viewshine
- Shaanxi Aerospace Power
- Suntront Tech
Highlights of The Smart Gas Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automatic Meter Reading (AMR)
- Advanced Metering Infrastructure (AMI)
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Gas Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A smart gas meter is a type of meter that can be connected to the internet and used to monitor and manage energy consumption. This type of meter can also provide real-time information about energy usage, so you can make informed decisions about how to use your energy resources more efficiently.
Some of the major players in the smart gas meter market are Elster Group GmbH, Itron, Flonidan, Landis+Gyr, Xylem Inc, Apator Group, ZENNER, Diehl Metering, Yazaki Corporation, Schneider Electric, EDMI, MeterSit, Goldcard, Innover, Viewshine, Shaanxi Aerospace Power, Suntront Tech.
The smart gas meter market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Gas Meter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Gas Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Gas Meter Market - Supply Chain
4.5. Global Smart Gas Meter Market Forecast
4.5.1. Smart Gas Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Gas Meter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Gas Meter Market Absolute $ Opportunity
5. Global Smart Gas Meter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Gas Meter Market Size and Volume Forecast by Type
5.3.1. Automatic Meter Reading (AMR)
5.3.2. Advanced Metering Infrastructure (AMI)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Gas Meter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Gas Meter Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Gas Meter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Gas Meter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Gas Meter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Gas Meter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Gas Meter Demand Share Forecast, 2019-2026
9. North America Smart Gas Meter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Gas Meter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Gas Meter Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Gas Meter Market Size and Volume Forecast by Type
9.7.1. Automatic Meter Reading (AMR)
9.7.2. Advanced Metering Infrastructure (AMI)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Gas Meter Demand Share Forecast, 2019-2026
10. Latin America Smart Gas Meter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Gas Meter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Gas Meter Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Gas Meter Market Size and Volume Forecast by Type
10.7.1. Automatic Meter Reading (AMR)
10.7.2. Advanced Metering Infrastructure (AMI)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Gas Meter Demand Share Forecast, 2019-2026
11. Europe Smart Gas Meter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Gas Meter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Gas Meter Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Gas Meter Market Size and Volume Forecast by Type
11.7.1. Automatic Meter Reading (AMR)
11.7.2. Advanced Metering Infrastructure (AMI)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Marke Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Gas Meter Demand Share, 2019-2026
12. Asia Pacific Smart Gas Meter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Gas Meter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Gas Meter Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Gas Meter Market Size and Volume Forecast by Type
12.7.1. Automatic Meter Reading (AMR)
12.7.2. Advanced Metering Infrastructure (AMI)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Gas Meter Demand Share, 2019-2026
13. Middle East & Africa Smart Gas Meter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Gas Meter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Gas Meter Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Gas Meter Market Size and Volume Forecast by Type
13.7.1. Automatic Meter Reading (AMR)
13.7.2. Advanced Metering Infrastructure (AMI)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Gas Meter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Gas Meter Market: Market Share Analysis
14.2. Smart Gas Meter Distributors and Customers
14.3. Smart Gas Meter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Elster Group GmbH
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Itron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Flonidan
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Landis+Gyr
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Xylem Inc
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Apator Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ZENNER
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Diehl Metering
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yazaki Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Schneider Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. EDMI
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MeterSit
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Goldcard
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Innover
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Viewshine
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shaanxi Aerospace Power
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Suntront Tech
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
