Smart Gas Meters Market Size - By Technology, By Application, Analysis, Share, & Forecast, 2025 - 2034

Smart Gas Meters Market Size

The global smart gas meters market was valued at USD 7.3 billion in 2024 and is estimated to grow at a CAGR 17.3% from 2025 to 2034, driven by the increasing demand for energy-efficient solutions and growing adoption of advanced metering infrastructure (AMI) by utilities. Additionally, technological advancements including real-time data collection, remote monitoring, and integration with IoT are enhancing the functionality of smart gas meters.
 

Governments' initiatives to promote energy conservation and the shift toward smart grids are further boosting market growth. However, the high initial cost of installation and challenges related to data privacy and security may hinder market expansion.
 

Smart Gas Meters Market Trends

The smart gas meters industry is experiencing significant market trends, including integration of IoT technology for real-time data collection and remote monitoring, which enhances operational efficiency for utilities. Additionally, there is a rising emphasis on sustainable and energy-efficient solutions, with governments enforcing regulations that promote the adoption of smart meters for energy conservation. Furthermore, advancements in wireless communication technologies, including LoRaWAN and NB-IoT, are making smart gas meters more reliable and cost-effective.
 

Smart Gas Meters Market Analysis

The AMI technology is projected to surpass USD 31 billion by 2034, driven by increasing adoption of advanced communication technologies for seamless data transmission. Integration of IoT and AI-driven analytics is transforming the way data is processed and analyzed, enabling predictive maintenance and real-time monitoring. Moreover, the incorporation of advanced sensors and integrated software solutions is providing utilities with greater accuracy and more detailed insights, improving decision-making and energy management.
 

The residential application segment is expected to experience a robust growth rate of over 16% through 2034, led by increasing consumer demand for energy efficiency and real-time consumption data. The commercial sector is adopting smart meters for better resource management and cost reduction, while utilities integrate them into smart grids to optimize energy distribution and reduce losses. Additionally, the rise in regulatory mandates for energy conservation is driving the adoption of advanced metering solutions.
 

The U.S. smart gas meters market is likely to exceed USD 2.8 billion by 2034, driven by regulatory mandates, technological advancements, and a focus on energy efficiency. Also, there is a growing trend towards customer-centric services, with utilities offering consumers greater visibility into their energy usage and promoting demand-side management. Additionally, state and federal regulations promoting energy conservation and smart grid development are encouraging widespread deployment of smart meters.
 

In the Asia Pacific region, the smart gas meters market is expanding rapidly due to increasing urbanization, energy consumption, and government initiatives promoting energy efficiency. Countries like China and India are adopting smart metering technologies for better resource management and accurate billing. The integration of IoT and advanced communication technologies is driving growth, improving operational efficiency and cost reduction for utilities.
 

Smart Gas Meters Market Share

Itron holds a substantial market share in the smart gas meters industry due to its strong product portfolio, extensive global presence, and innovative technologies. The company is known for offering advanced metering solutions that enhance operational efficiency, reduce costs, and improve energy management for utility providers, making it a preferred choice for smart gas metering systems worldwide.
 

Smart Gas Meters Market Companies

Major players operating in the smart gas meters industry are:

• Aclara Technologies
• Apator
• Azbil Kimmon
• Chint Group
• Honeywell International
• Itron
• Landis+Gyr
• Neptune Technology Group
• Osaki Electric
• Raychem RPG
• Schneider Electric
• Sensus
• Wasion Group
• Zenner International
   

Smart Gas Meters Industry News

• In March 2024, Aclara collaborated with Utilidata to integrate advanced artificial intelligence (AI) into smart meters. By embedding Utilidata's Karman platform, which utilizes NVIDIA's Jetson hardware, Aclara aims to provide grid operators with enhanced capabilities, including real-time data analysis and better management of distributed energy resources. This innovation enables smarter, more adaptive grids. The first deployments are expected to include both embedded meters and add-on collars. This partnership reflects the growing trend toward leveraging AI for more efficient energy grid operations.
   
• In November 2023, Honeywell launched a 100% hydrogen-capable diaphragm smart gas meter, the Honeywell EI5, in Europe. Following successful pilot testing in the Netherlands, the meter supports both hydrogen and natural gas, aligning with the European Green Deal’s goals. Designed for long-term use, the EI5 eliminates the need for future replacements as networks shift to hydrogen, reducing costs and improving sustainability. Certified by Physikalisch-Technische Bundesanstalt (PTB), it ensures safety, accuracy, and readiness for the evolving energy landscape.
   

This smart gas meters market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million & ‘000 Units” from 2021 to 2034, for the following segments:

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Market, By Application

• Residential
• Commercial
• Utility

Market, By Technology

• AMI
• AMR

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Sweden
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Mexico
  • Argentina