Home > Energy & Power > Electrical Equipment > Meters > Gas Meter Market

Gas Meter Market Trends

Report ID: GMI10120
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Gas Meter Market Trends

The industry is shifting towards smart meters with advanced capabilities such as two-way communication, remote reading, and data analytics. Utilities can improve energy distribution, manage peak demand, and spot possible problems more effectively. Consumers may get real-time data, allowing them to make informed choices regarding their energy usage. Furthermore, gas meters are gradually being linked to the Internet of Things (IoT) ecosystem, allowing them to communicate with other smart devices in the house or business. Gas meter manufacturers and utility companies can make sure their businesses are well-positioned to meet the changing market requirements and provide effective, secure, and data-driven gas metering solutions by keeping up with current developments and putting cutting-edge technology into practice.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of gas meter was reached USD 3.7 billion in 2023 and will grow at a 4.7% CAGR between 2024 and 2032, due to the expansion of gas pipeline networks.

The industrial segment held 60.2% share of the gas meter market in 2023, driven by the substantial energy requirements of manufacturing, chemical, and processing industries.

North America gas meter industry registered 1.2 billion in 2023, attributed to the region's focus on upgrading and modernizing utility networks.

Major companies operating in the gas meter industry are Apator SA, Badger Meter, Diehl Stiftung & Co. KG, Edmi Limited, Elster Group GmbH, Emerson Electrics Inc., Honeywell International Inc., Itron, Schneider Electric SE, Siemens Industry Inc, and Suntront, among others.