Gas Meter Market Size & Share, by Type (Traditional Gas Meter, Smart Gas Meter); Component (Hardware, Software); End User (Residential, Commercial, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5417
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT
  1. An Introduction to the Research Study
    1. Preface
    2. Market Taxonomy
    3. Definition of the Market and the Segments
    4. Acronyms and Assumptions
  2. The Research Procedure
    1. Sources of Data
      1. Secondary
      2. Primary
        1. Manufacturer Front
        2. End User Front
        3. Supplier/Distributor Front
    2. Calculation and Derivation of Market Size
      1. Top-down approach
      2. Bottom-up approach
  3. Recommendation by Analyst for C-Level Executives
  4. An Abstract of the Report
  5. Evaluation of Market Fluctuations and Outlook
    1. Market Growth Drivers
    2. Market Growth Deflation
    3. Market Trends
      1. End User Based
      2. Product Based
  6. Fundamental Market Prospects
    1. Strategic Competitive Opportunities
    2. Geographic Opportunities
    3. Application Centric Opportunities
  7. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    2. Measures taken by Countries to Reduce Carbon Footprints
    3. Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
    4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    5. Demand Impact on the Companies Opting for Carbon Credits
  8. Regulatory & Standards Landscape
  9. Economic Outlook: Japan
    1. Limitations to Japan’s Economic Recovery
    2. Uplifting Policies to Foster the Growth of the Economy
    3. Future-Outlook and Strategic Move for Sustainable Economy
  10. Impact of Recession on Japan and the Global Economy
  11. Industry Value Chain Analysis
  12. Industry Risk Analysis
  13. Analysis on Ongoing Technology in the Global Gas Meter Market
  14. Pricing Analysis
  15. Industry Growth Outlook
  16. End-User Analysis
  17. Regional Demand Analysis
  18. Porter Five Forces Analysis
  19. Global Gas Meter Market Valuation, Business Viewpoint and Forecast, 2023-2036: Worldwide Factors Fostering the Industry Growth
    1. Market Summary
    2. Market Value (USD Million) Volume (Thousand Units) Current and Future Projections, 2023-2036
    3. Market Increment $ Opportunity Assessment, 2023-2036
    4. Year on Year Growth Forecast (%)
    5. Global Gas Meter Market Valuation, Business Viewpoint, and Forecast by Type, 2023-2036
    6. Traditional Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
    7. Sub-Segmented by Smart Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
      1. Smart Ultrasonic Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      2. Smart Diaphragm Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      3. Turbine Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      4. Orifice Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      5. Others, Market Value (USD Million), Current and Future Projections, 2023-2036
    8. Global Gas Meter Market Valuation, Business Viewpoint, and Forecast by Component, 2023-2036
      1. Hardware, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Software, Market Value (USD Million), Current and Future Projections, 2023-2036
    9. Global Gas Meter Market Valuation, Business Viewpoint, and Forecast by End-User, 2023-2036
      1. Residential, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Commercial, Market Value (USD Million), Current and Future Projections, 2023-2036
      3. Industrial, Market Value (USD Million), Current and Future Projections, 2023-2036
    10. Global Gas Meter Market Valuation, Business Viewpoint, and Forecast by Region, 2023-2036
      1. North America Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      2. Europe Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      3. Asia Pacific Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      4. Rest of the World Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
    11. Cross Analysis of Type w.r.t. End User (USD Million), 2023-2036
  20. North America Gas Meter Market Valuation, Business Viewpoint and Forecast by Region, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies in the region
    4. Recent trends in the market
    5. Technological trends
    6. EXIM Analysis
    7. Distributor outlook
    8. North America Gas Meter Market Valuation, Business Viewpoint, and Forecast by Type, 2023-2036
    9. Traditional Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
    10. Sub-Segmented by Smart Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
      1. Smart Ultrasonic Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      2. Smart Diaphragm Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      3. Turbine Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      4. Orifice Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      5. Others, Market Value (USD Million), Current and Future Projections, 2023-2036
    11. North America Gas Meter Market Valuation, Business Viewpoint, and Forecast by Component, 2023-2036
      1. Hardware, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Software, Market Value (USD Million), Current and Future Projections, 2023-2036
    12. North America Gas Meter Market Valuation, Business Viewpoint, and Forecast by End-User, 2023-2036
      1. Residential, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Commercial, Market Value (USD Million), Current and Future Projections, 2023-2036
      3. Industrial, Market Value (USD Million), Current and Future Projections, 2023-2036
    13. North America Gas Meter Market Valuation, Business Viewpoint, and Forecast by Country, 2023-2036
      1. US Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      2. Canada Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      3. Cross Analysis of Type w.r.t. End User (USD Million), 2023-2036
  21. Europe Gas Meter Market Valuation, Business Viewpoint and Forecast by Region, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies in the region
    4. Recent trends in the market
    5. Technological trends
    6. EXIM Analysis
    7. Distributor outlook
    8. Europe Gas Meter Market Valuation, Business Viewpoint, and Forecast by Type, 2023-2036
    9. Traditional Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
    10. Sub-Segmented by Smart Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
      1. Smart Ultrasonic Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      2. Smart Diaphragm Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      3. Turbine Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      4. Orifice Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      5. Others, Market Value (USD Million), Current and Future Projections, 2023-2036
    11. Europe Gas Meter Market Valuation, Business Viewpoint, and Forecast by Component, 2023-2036
      1. Hardware, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Software, Market Value (USD Million), Current and Future Projections, 2023-2036
    12. Europe Gas Meter Market Valuation, Business Viewpoint, and Forecast by End-User, 2023-2036
      1. Residential, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Commercial, Market Value (USD Million), Current and Future Projections, 2023-2036
      3. Industrial, Market Value (USD Million), Current and Future Projections, 2023-2036
    13. Europe Gas Meter Market Valuation, Business Viewpoint, and Forecast by Country, 2023-2036
      1. Current and Future Projections, 2023-2036
      2. UK, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      3. Italy, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      4. France, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      5. Spain, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      6. BENELUX, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      7. Russia, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      8. Poland, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      9. Rest of Europe, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
    14. Cross Analysis of Type w.r.t. End User (USD Million), 2023-2036
  22. Asia Pacific Gas Meter Market Valuation, Business Viewpoint and Forecast by Region, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies in the region
    4. Recent trends in the market
    5. Technological trends
    6. EXIM Analysis
    7. Distributor outlook
    8. Asia Pacific Gas Meter Market Valuation, Business Viewpoint, and Forecast by Type, 2023-2036
    9. Traditional Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
    10. Sub-Segmented by Smart Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
      1. Smart Ultrasonic Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      2. Smart Diaphragm Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      3. Turbine Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      4. Orifice Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      5. Others, Market Value (USD Million), Current and Future Projections, 2023-2036
    11. Asia Pacific Gas Meter Market Valuation, Business Viewpoint, and Forecast by Component, 2023-2036
      1. Hardware, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Software, Market Value (USD Million), Current and Future Projections, 2023-2036
    12. Asia Pacific Gas Meter Market Valuation, Business Viewpoint, and Forecast by End-User, 2023-2036
      1. Residential, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Commercial, Market Value (USD Million), Current and Future Projections, 2023-2036
      3. Industrial, Market Value (USD Million), Current and Future Projections, 2023-2036
    13. Asia Pacific Gas Meter Market Valuation, Business Viewpoint, and Forecast by Country, 2023-2036
      1. China, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      2. India, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      3. Indonesia, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      4. South Korea, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      5. Malaysia, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      6. Taiwan, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      7. Vietnam, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
      8. Vietnam, Market Value (USD Million) & Volume (Thousand Units) Current and Future Projections, 2023-2036
    14. Cross Analysis of Type w.r.t. End User (USD Million), 2023-2036
  23. Rest of the World Gas Meter Market Valuation, Business Viewpoint and Forecast by Region, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies in the region
    4. Recent trends in the market
    5. Technological trends
    6. EXIM Analysis
    7. Distributor outlook
    8. Rest of the World Gas Meter Market Valuation, Business Viewpoint, and Forecast by Type, 2023-2036
    9. Traditional Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
    10. Sub-Segmented by Smart Gas Meter, Market Value (USD Million), Current and Future Projections, 2023-2036
      1. Smart Ultrasonic Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      2. Smart Diaphragm Gas Meter Market Value (USD Million) Current and Future Projections, 2023-2036
      3. Turbine Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      4. Orifice Gas Meters Market Value (USD Million) Current and Future Projections, 2023-2036
      5. Others, Market Value (USD Million), Current and Future Projections, 2023-2036
    11. Rest of the World Gas Meter Market Valuation, Business Viewpoint, and Forecast by Component, 2023-2036
      1. Hardware, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Software, Market Value (USD Million), Current and Future Projections, 2023-2036
    12. Rest of the World Gas Meter Market Valuation, Business Viewpoint, and Forecast by End-User, 2023-2036
      1. Residential, Market Value (USD Million), Current and Future Projections, 2023-2036
      2. Commercial, Market Value (USD Million), Current and Future Projections, 2023-2036
      3. Industrial, Market Value (USD Million), Current and Future Projections, 2023-2036
    13. Cross Analysis of Type w.r.t. End User (USD Million), 2023-2036
  24. Competitive Landscape
    1. Market share of Key Competitors in the Market (%), 2023
    2. Profile of the Major Vendors
      1. ABB
        1. Business Overview
        2. Key Business Strategies for the Growth of Revenue
        3. Financial Performance and Revenue Representation
        4. Major Products Offered
        5. Mergers and Acquisitions
        6. Latest Trends
        7. Regional and Worldwide Presence
      2. Aclara Technologies LLC.
      3. Badger Meter, Inc
      4. Diehl Stiftung & Co. KG
      5. Honeywell International Inc.
      6. General Electric
      7. Landis+Gyr
      8. KROHNE Messtechnik GmbH
      9. Itron, Inc.
      10. Apator S.A
      11. Aichi Tokei Denki Co., Ltd.
      12. OSAKI ELECTRIC CO., LTD
      13. Azbil Kimmon Co., Ltd.
      14. TOYOKEIKI CO., LTD.
      15. Other Prominent Players

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Gas Meter Market size is estimated to reach USD 13.1 Billion by the end of 2036, growing at a CAGR of 6.19% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of gas meter was about USD 6 Billion. The growth of the market can be attributed to the several advancements in the technology of gas meters. In the last few years, the gas meter has undergone several innovations in the technology, this includes the integration of the Internet of Things (IoT) in the meters to make it even smarter. Several manufacturers in the market are investing heavily in the research and development of new innovative gas metering equipment.  For instance, Nicor Gas and Sensus, a Xylem brand has installed the two-way Sensus FlexNet communication network and SmartPoint and with this, they commence their journey of urbanization.

In addition to these, factors that are believed to fuel the growth of gas meter market include the rising need to reduce gas leak accidents and helps avert huge gas accidents. The need to avoid accidents and make the gas chambers a safe place to work and live around is increasing the demand for gas meters. Modern gas meters are built to detect any form of gas seeping from the piping. They accurately gauge consumption, pinpoint excess usage that may indicate leakage, and warn the supplier of unusual consumption trends. Petrol meters have a number of sensors that monitor changes in pressure, temperature, and flow rate. These sensors assess the amount of petrol consumed and compare it to the projected rate of consumption. A leak could be indicated by unusually high usage. The meter will then transmit an alert to the supplier, who will be able to further investigate.


Gas Meter Market
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Gas Meter Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

6.19%

Base Year Market Size (2023)

USD 6 Billion

Forecast Year Market Size (2036)

USD 13.1 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Gas Meter Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Government Initiatives Towards Energy Efficiency- Governments around the world are setting high energy efficiency goals in order to reduce waste and greenhouse gas emissions. Natural gas meters, notably smart meters, are critical to achieving these goals because they give accurate information in real-time that enables customers and utilities to measure and monitor gas usage. Furthermore, safety rules demand that gas distribution systems satisfy severe requirements, highlighting the importance of dependable and licensed gas meters. Government incentive programs and subsidies to encourage the use of digital petrol meters also help to drive industry expansion. Because of these incentives, utilities, and customers can afford to invest in sophisticated metering equipment.
  • Growing Popularity of Prepaid Gas Meters- The installation of pre-paid gas meters is expected to have many critical uses. It minimized system losses by lowering gas wastage and alerting consumers of the proper use of the gas. It also improves the financial health of gas distribution companies by generating pre-paid revenues and reducing billing, collection, and monitoring costs.
  • Growing Development of Smart Cities- With increased urbanization, numerous smart cities have sprouted up. Increased integration of smart petrol meters has accelerated market growth as smart grid network, smart gas,  smart homes, and towns with real-time monitoring, remote management, and data analysis become more popular. As urbanization rises, so will the development of many businesses such as construction, automotive, and healthcare, which will eventually provide growth chances for various uses of petrol meters in such industries. The World Bank recently released data. With cities accounting for more than 80% of global GDP, urbanization has a chance to drive long-term growth through increased productivity and innovation, if properly managed. Cities now house about half of the world's population which is 4.4 billion people, and this figure is anticipated to rise further. The urban population is predicted to more than double by 2050, with cities housing approximately 7 out of 10 people.

Challenges

  • Hesitancy Among People to Switch to Pre-Payment Meters- The disadvantage of smart prepayment meters is that they do not let customers simply switch suppliers. It restricts the payment of cutting off the energy supply if a prepayment customer with a first-generation SMETS1 smart meter switches to different providers. Smart prepayment requires credit to be loaded onto the customer's gas and electricity meters by the customer's provider, who must be able to connect with them electronically. If the consumer does so while using an SMETS1 meter, the meter may become dead and fail to communicate with any other provider, preventing the consumer from topping up. This means that until the smart meter is upgraded or transferred to the new data network, the consumer may be obliged to stay with his present supplier. Such a flaw could be an impediment to the proliferation of petrol meters in the next years.
  • Unavailability of smart gas meters in rural regions
  • Smart meters can be fairly expensive


Gas Meter Segmentation

Type (Traditional Gas Meter, Smart Gas Meter)

The smart gas meter segment in the gas meter market is estimated to cross USD 7.4 billion in the year 2036 by growing at a CAGR of 6.39% over the forecast period. Moreover, the revenue generation in 2022 was USD 3.3 Billion. The growth of the segment can be attributed to the rising use of smear meters by industries. industries are employing it efficiently carrying out the distribution and transmission of energy while reducing the cost and minimizing the energy consumption. Smart meters provide fantastic insights into how much energy is being used at any one time and how to reduce its usage. With narrow confidence intervals, smart meters save an average of 3.4% of power consumption and 3.0% of petrol used. Both estimations have a statistically significant level of significance.

End User (Residential, Commercial, Industrial)

Gas meter market from the residential segment is projected to expand at a CAGR of 6.59% during the forecast time frame and to garner a significant revenue of USD 7.6 billion in the year 2036. In 2022, the segment garnered a revenue of USD 3.3 billion. Growing consumption of gas from the residential sector is expected to boost the segment growth in the market. According to the Energy Information Administration, in 2015, around 58% of households used natural gas, in 2021, around 42% of households used natural gas. In addition to this, the rising need for reducing bill expenses is also expected to boost the growth of the segment. A smart meter saves a typical home 2% on their annual energy expenditures or 354kWh. That may not seem like much, but it's sufficient power to take 115 hot baths or listen to your favorite song on a tablet for the next 35 years.

Our in-depth analysis of the global gas meter market includes the following segments:

      Type

  • Traditional Gas Meter
  • Smart Gas Meter

      Component

  • Hardware
  • Software

      End User

  • Residential
  • Commercial
  • Industrial

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Gas Meter Industry - Regional Synopsis

APAC Market Forecast

The gas meter market in Asia Pacific is projected to grow at a CAGR of 6.52% during the forecast period to become the largest revenue generator of USD 6.1 billion by the end of 2036. Additionally, the market revenue of the region was USD 2.4 billion in 2022. The growth of the market can be attributed majorly to the growing government initiatives from China, India, and Japan to connect the entire nations, with gas meters. According to the Government of India's plans and objectives, around 230 cities will have gas infrastructure by 2025. Pipeline infrastructure is predicted to quadruple by 2025, while CNG stations are expected to triple by 2025 as new geographies are penetrated.

European Market Statistics

The European gas meter market is estimated to be the second largest, registering a revenue of USD 2.5 billion by the end of 2036. The market in the region is forecasted to grow at a CAGR of 6.34% over the given period. The growth of the market can be attributed majorly to the growing installation of smart meters. Smart meters have taken the place of traditional gas and electricity meters across the UK, making the energy system more efficient and adaptable, allowing the UK to use more renewable energy, and bringing the country closer to net zero. As of 30 March 2023, the United Kingdom had 32.4 million smart and advanced meters, accounting for 57% of all meters.

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Gas Meter Market Size
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Companies Dominating the Gas Meter Market

top-features-companies
    • ABB Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Aclara Technologies LLC.
    • Badger Meter, Inc.
    • Diehl Stiftung & Co. KG
    • Honeywell International, Inc.
    • General Electric
    • Landis+Gyr
    • KROHNE Messtechnik GmbH
    • Itron Inc.
    • Apator S.A
    • Aichi Tokei Denki Co., Ltd.
    • OSAKI ELECTRIC CO., LTD.
    • Azbil Kimmon Co., Ltd.
    • TOYOKEIKI CO., LTD.

In-the-news

In The News

  • Honeywell International, Inc. unveiled its Next Generation Cellular Module (NXCM), which allows for Advanced Metering Infrastructure (AMI). This revolutionary technique converts traditional gas and water meters into smart meters without requiring any additional infrastructure. This groundbreaking module improves monitoring, security, and analytics capabilities for utility companies and their consumers by allowing meters to connect wirelessly to pre-existing public cellular networks. AMI collector maintenance and crew operations, being free of proprietary technology can save utilities between USD 3 and 3.5 million in installation and maintenance expenditures.
  • Itron, Inc. has introduced the Itron Intelis gFlex prepaid petrol meter. The next-generation meter combines cutting-edge ultrasonic solid-state measurement technology with Itron's 30-year track record in prepayment metering solutions. Consumers prepay for petrol with the Intelis gFlex, ensuring upfront money for utility companies. According to the Prepay Energy Working Group, when paired with other payment programs, prepayment programs can assist in collecting more than 90% of unpaid bills.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5417
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for smart meters and proactive government initiatives to implement gas meters are the major factors driving the market growth.

The market size of gas meter is anticipated to attain a CAGR of 6.19% over the forecast period, i.e., 2024-2036.

The major players in the market are ABB Group, Aclara Technologies LLC., Badger Meter, Inc., Diehl Stiftung & Co. KG, Honeywell International, Inc., General Electric, Landis+Gyr, KROHNE Messtechnik GmbH, Itron Inc., Apator S.A, Aichi Tokei Denki Co., Ltd., OSAKI ELECTRIC CO., LTD., Azbil Kimmon Co., Ltd., and TOYOKEIKI CO., LTD.

The smart gas meter segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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