Smart Gas Meter Market Research Report  By Product (Diaphragm, Turbine, Rotary Piston and others), By Application (Residential, Commercial and Industrial) – Forecast to 2030

Smart Gas Meter Market Overview

Smart Gas Meter Market size is projected to be worth USD 3.55 Billion by 2027, registering a CAGR of 5.24% during the forecast period (2021 - 2027), The market was valued at USD 2.12 billion in 2020.

A smart gas meter share offers a clearer usage pattern and electric stockpile for client charging and system monitoring. Because of the rising popularity of electronics in many areas, the Global Smart Meters Market is expected to grow at a phenomenal rate. Because of their precision in displaying superior data, brilliant meters are fast displacing traditional meters. Market development is influenced by many factors, including monetary motivational pressures, appropriate public authority arrangements, and orders. Furthermore, the rise in public-sector initiatives to assist in the installation of smart meters in end-client domains such as modern, private, and commercial is accelerating the growth of the global smart meter market.

The smart gas meter has a major element driving the development of the keen meters market is the industry establishment of savvy meters, which comprises efforts made by the government to invigorate savvy meter executions in various areas. In addition, the volume of information available about the device's benefits and practical applications is accelerating market growth. Furthermore, with the increased use of energy around the world, concerns about environmental balance are directly increasing requests for a sustainable power age to eliminate pollution levels, which is another important explanation for Smart Gas Meter Market growth. Developing countries are expected to install a good amount of smart meters over the forecast period in the burgeoning smart meter market around the world, offering hitherto unimagined freedoms to smart meter customers.

In view of the most recent examination report, the smart gas meter Market Size esteem was USD 15,720 Million in the year 2017, and it is relied upon to be multiplied before the finish of 2023. Savvy meters are electronic gadgets that are utilized to record the data of electronic energy utilization, and alongside that, force factor, voltage level, and flows are likewise recorded. A smart gas meter Market Share gives more clear utilization conduct and electric stockpile for client charging and framework observing.

Worldwide Smart Meters Market is required to observe heavenly development because of the ascent popular for gadgets in each area. Brilliant meters are quickly supplanting customary meters because of their precision regarding demonstrating better data. There are various components affecting the development of the market, including monetary motivating forces, suitable arrangements of the public authority, and orders. Furthermost, the ascent in the ventures from the public authority to help the savvy meter establishment in the end-client areas like modern, private, and business are expanding the development of the worldwide keen meter market. The worldwide smart gas meter Market Revenue was $21.13 Billion in the year 2019; the high-level element in the savvy meters like programmed meter perusing and age of the bill is probably going to help the development of the market further.

This report contains all the data on the worldwide savvy meters statistical surveying and the market qualities. The smart gas meter Market Trends report likewise contains the perfection of elements, division, central participants, local investigation, and other significant variables. Furthermore, an itemized investigation of the worldwide keen meters market and figure to 2023 is additionally remembered for the report. The keen electric section represented the biggest piece of the pie in 2019, driven by the developing accentuation on unique valuing and mix of developing DER into the current force framework activities in locales like North America, Europe, and Asia Pacific. The future development of the portion can be credited to expanding interest for profoundly exact and exact estimation of utility utilization information for shoppers across end-clients like private, business, and mechanical areas.

Competitive Landscape

Key players of the smart gas meter Market Growth are:

• Siemens AG. (Germany)


• Schneider Electric (France)


• Landis+Gyr (Switzerland)


• Aclara Technologies LLC (U.S.)


• Xylem, Inc. (U.S.)


• Badger Meter, Inc. (U.S.)


• Itron Inc. (U.S.)


• Honeywell International Inc. (U.S.)


• EDMI (Singapore)


• DIEHL Metering (Germany)


• Apator Group (Poland)


• Kamstrup A/S (Denmark)


• Zenner (Germany)

Industry News

• Landis + Gyr introduced Revelo electric meters with ad-libbed lattice detection technology in January 2020. Also, Itron released a 4G LTE clever metering arrangement in January 2020 that offers low inactivity, intelligibility in the organization using 4G LTE innovations, and a broad area inclusion.


• Wasion Group and Guizhou Power Grid Corporation signed an agreement in March 2019 to develop communicational and terminal items with clever force arrangements and smart meters.

COVID-19 Analysis

The smart gas meter Market share was extraordinarily influenced by the flare-up of COVID-19. Toward the beginning of the episode, the greatest impact looked at by many keen meter makers was supply issues because of ended creation. Because of lockdown measures, superfluous organizations, and the interest for private, business, and modern utilization of brilliant gas meters have been decreased. Therefore, the yield and supply of shrewd gas meters are getting back to ordinary levels. A few producers have started to see income recuperation.

While the COVID-19 pandemic has constrained the hands-on work of many significant keen metering ventures to end incidentally, the market is as yet expected to stay versatile, with the all-out number of shipments of keen gas meters generally unaltered for more than three years. In spite of monetary log jams, interest in shrewd gas meters has expanded in an assortment of businesses.

Coronavirus has featured the weaknesses of the shrewd meter inventory network industry, as numerous associations depend on China as a worldwide assembling center for the brilliant meter industry and have likewise experienced disturbances in worldwide stockpile chains. While manufacturing plants and organizations in China are gradually resuming tasks, there is an effect on the brilliant gas meter industry because of COVID-19.

Market Dynamics:

• Drivers

• Opportunities

Developing nations are relied upon to set up 148 million shrewd meters over the course of the following five arising keen meters market across the globe and are anticipated to offer undiscovered freedoms for savvy meters clients. To create progressed meters, these non-industrial nations are likewise anticipated to put about USD 91 Billion in the improvement of the savvy network foundation for battery stockpiling and framework computerization.

Prime tasks have effectively started in 2021 in a large portion of the non-industrial nations of arising areas. The ascent in the utilization of energy limits alongside government activities to assemble understanding is anticipated to set out wonderful market development open doors.

• Restraints 

The upkeep and the high establishment cost are significant issues that can frustrate the development of the market. Alongside that similarity issue of the gadget is another significant reason for limitation, which is probably going to upset the development of the market.

The greater part of the smart gas meter Industry is viable with their own provider, which implies these sorts of savvy meters can't adjust to the association of some other or adversary providers association; it is another central explanation that can restrict the shrewd meter market development.

• Challenges

The shortfall of acknowledgment about the advantages of the gadget and assembly request is the significant difficulties influencing the brilliant meter market development. Furthermore, the necessity of the immense interest in the underlying stage and more than normal expense identified with the establishment of the gadget can likewise influence the market development. The difficulties for the central members are to make mindfulness programs in which there is an unmistakable exhibit about the high-level savvy meters to an enormous scope local area that trusted in conventional meters more.

• Cumulative Growth Analysis

The worldwide smart gas meter Market Outlook is projected to arrive at USD 34,635.7 Million by 2025 with a CAGR of 9.55% during the conjecture time frame. To handle the unsafe impacts of contamination, shrewd power meters are being embraced around the world by different nations to receive outflow control guidelines. The Asia pacific keen meters market is projected to enlist a 9.91% CAGR during the appraisal time frame because of the great speculations and expansion in the shrewd meter market size in this locale.

Value Chain Analysis

As indicated by the reports, the worldwide smart gas meter Market Outlook is sectioned based on type, innovation, application, and locales. Based on the sort, the market is sub-sectioned into electric meters, gas meters, and water meters. The electric meter sectioned has represented the biggest keen meters piece of the pie. The electric meter is anticipated to ascend at a 55.6% CAGR in the conjecture time frame, and the gas meter is relied upon to ascend at a 9.56% CAGR during the development time frame.

Based on the innovation, the market is sectioned into programmed meter perusing (AMR) and progressed metering foundation (AMI). The AMI innovation holds the biggest offer on the lookout, and it is relied upon to ascend at a 9.77% CAGR during the audit time frame.

Based on the end-client application, the market is divided into private, mechanical, and business. The private portion is relied upon to hold the biggest piece of the pie, and it is required to ascend at a 9.81% CAGR during the evaluation time frame as far as the keen meters market income.

Segment Overview

• By Division by Application

In view of the application, the smart gas meter Market Analysis is portioned into electric meters, gas meters, and water meters.

• By Division by End-Users

In view of the impetus types, the market is sectioned into three sorts private, modern, and business.

Regional Analysis

Based on the areas, the worldwide smart gas meter Market Growth pattern is divided into the Americas, Europe, Asia Pacific, and the remainder of the world. The Asia Pacific market is relied upon to hold the most extreme offers in the keen meters market during the survey time frame. The ascent in the interest for brilliant meters in financially incredible nations, for example, India and Thailand, is the significant reason for the development of the shrewd meters market in this locale. The Asia pacific shrewd meter market is anticipated to enlist a 9.91% CAGR during the evaluation time frame.

The European fragment is expected to hold the second-biggest offer in the worldwide savvy meters market. The ascent in the shrewd meters industry in this locale is probably going to help the market development. North America is another developing business sector in the worldwide brilliant meters market in this district. It is projected to help the shrewd meters market drifts in this district.

Recent Developments

• In January 2020, Landis + Gyr presented Revelo electric meters with ad-libbed lattice detecting innovation.


• In January 2020, Itron dispatched a 4G LTE savvy metering arrangement that gives low inactivity, intelligibility in the organization utilizing the 4G LTE advancements, and an expansive region inclusion


• In March 2019, Wasion Group won an agreement with Guizhou Power Grid Corporation to create communicational and terminal items with shrewd force arrangements and savvy meters.

Report Overview:

• Market overview highlights the global recognition of the smart gas meter Market Analysis


•  Analysis based upon COVID 19


• Explanation upon the Market Dynamics


• Value chain analysis for the smart gas meter Market Value Forecast Research Report.


• Market segmentation overview


• The regional analysis of the smart gas meter Market


• Competitive landscape analysis


• Recent Developments of smart gas meter Market Value

The report highlights smart gas meter Market Growth potential in terms of its revenue hike by the end of the forecast years in 2028.

The segmentation table is as follows:

By Application

• Electric meters


• Gas meters


• Water meters

By End-Users

• Private


• Modern