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Smart Gas Market Size & Share, by Device (Automatic Meter Reading (AMR) Meters, Advanced Metering Infrastructure (AMI) Meters, Gas Meter Communication Modules); Solution (GIS, SCADA, MDM, Outage Management & Remote Monitoring, Asset Condition Monitoring, Performance Management); Service (Consulting, Deployment, Managed); End-user (Residential, Commercial, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 3391
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Smart Gas Market size was over USD 1.77 billion in 2024 and is poised to exceed USD 2.7 billion by 2037, witnessing over 3.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart gas is evaluated at USD 1.82 billion.

The growth of the market can be attributed to the rising concerns associated with emissions of greenhouse gases, growing consumption of natural gas, and increasing need for reducing carbon footprint. As of 2017, the world consumes 132,290,211 million cubic feet (MMcf) of natural gas every year, whereas the per capita consumption of the same gas is more than 17,000 cubic feet in that year. Along with these, escalating demand to reduce energy losses, several government initiatives to mandate the use of smart gas, and increase energy security around the world are also expected to drive market growth in the forthcoming years. Furthermore, rise in emergence of smart grids, rapid growth of urbanization, and growing collaboration among major stakeholders globally are crucial factors projected to offer ample opportunities for market growth in the near future.

Smart-Gas-Market
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Growth Drivers

  • Growing Concerns Associated with Greenhouse Emissions
  • Increase in Natural Gas Consumption Globally

Challenges

  • High Cost of Installation of Smart Gas Systems

Smart Gas Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

3.3%

Base Year Market Size (2024)

USD 1.77 billion

Forecast Year Market Size (2037)

USD 2.7 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Smart Gas Segmentation

The smart gas market is segmented based on solution into GIS, SCADA, MDM, outage management & remote monitoring, and asset condition monitoring and performance management, out of which, the outage management & remote monitoring segment is anticipated to hold the largest share in the global market on account of the rising demand for the functionalities offered by this solution such as asset performance tracking and providing real-time data during gas operations. Additionally, on the basis of device, the segment for automatic meter reading (AMR) meters is predicted to garner the largest share during the forecast period, which can be credited to the high cost-effectiveness, enhanced billing processes and ability to offer accurate meter readings.

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

          By Device

 
  • Automatic Meter Reading (AMR) Meters
  • Advanced Metering Infrastructure (AMI) Meters
  • Gas Meter Communication Modules

           By Solution
  • GIS
  • SCADA
  • MDM
  • Outage Management & Remote Monitoring
  • Asset Condition Monitoring and Performance Management

          By Service

 
  • Consulting
  • Deployment
  • Managed

           By End User

 
  • Residential
  • Commercial
  • Industrial
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Smart Gas Industry - Regional Synopsis

On the basis of geographical analysis, the global smart gas market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is likely to dominate majority revenue share by 2037, on the back of increasing number of smart gas metering projects in countries, namely Japan and China, and high encouragement from government to deploy smart gas meters in the region. Moreover, the market in Europe is assessed to grab the largest share over the forecast period owing to the deployment of several regulatory policies leading to the growing adoption of smart gas, and increasing roll-out of smart energy meters supported by the current infrastructure. Apart from these, growing investments to finance low-carbon projects is also predicted to boost the growth of this region’s market in the future.

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Companies Dominating the Smart Gas Landscape

    • Itron Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ABB Ltd.
    • Schneider Electric
    • Elster Group GmbH
    • General Electric Company
    • EnerNOC Inc.
    • Sensus Metering Systems, Inc.
    • Aclara Technologies
    • Badger Meter, Inc.
    • IBM Corporation
  • Report ID: 3391
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of smart gas is evaluated at USD 1.82 billion.

Smart Gas Market size was over USD 1.77 billion in 2024 and is poised to exceed USD 2.7 billion by 2037, witnessing over 3.3% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is likely to dominate majority revenue share by 2037, on the back of increasing number of smart gas metering projects in countries, namely Japan and China, and high encouragement from government to deploy smart gas meters in the region.

The major players in the market are Itron Inc., ABB Ltd., Schneider Electric, Elster Group GmbH, General Electric Company, and others.

Smart Gas Market Report Scope

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