The Global Smart Gas Meter Market size is expected to be valued at around USD 6.5 billion in 2023 and is estimated to grow at a CAGR of about 6% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Smart Gas Meter Market Driver:
Shift Towards Clean Energy to Supplement Smart Gas Meter Deployment – The growing preference for cleaner energy sources has led to heightened natural gas demand across diverse end-user sectors. This increased demand, supported by governmental initiatives to bolster gas utilization, has been a driving force behind the Smart Gas Meter Market's expansion.
Moreover, as per a Smart Energy GB survey on energy consumption in the UK, 86% of households equipped with smart meters have significantly adjusted their energy-saving habits. These behavioral shifts in energy consumption play a pivotal role in reducing energy emissions, thereby fostering growth in the market. Consequently, numerous suppliers are now advocating smart meter installations, often coupled with tailored tariff plans for residential usage, instigating market growth.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Global Smart Gas Meter Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Technology
- Automated Meter Reading (AMR)
- Advanced Metering Infrastructure (AMI)
- Standard (non-AMR/AMI) Meters
- By Region
- North America
- South America
- Europe
- Middle East and Africa
- Asia Pacific
- By Component
- Hardware
- Software
- By End User
- Municipal
- Commercial
- Industrial
- Residential
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Itron, Elster, Pietro Fiorentini, Landis+Gyr, AEM, Meter Italia, Flonidan, Yazaki, Secure, Aichi Tokei Denki and Other and others are looking forward to strengthening their market positions.
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Global Smart Gas Meter Industry Recent Development:
2022: Itron Inc. declared a partnership with Sevier County Utility District (SCUD) to deploy Itron's AMI Essentials for Gas, which includes 15,000 Itron Cellular 500G Gas Modules and Temetra, the company's next-generation meter data collection and management solution.
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