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Smart Gas Meters Market Size

Report ID: GMI1234
Published Date: Dec 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2024
Smart Gas Meters Market Size in 2024:	USD 7.3 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	17.3%
2034 Value Projection:	USD 36.3 Billion
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Technology, Application
Growth Drivers:	Favourable government regulations and directives Energy conservation Accuracy & optimization in billings Effective monitoring and enhanced operational efficiency
Pitfalls & Challenges:	Privacy and cyber security concerns

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for smart gas meters was reached USD 7.3 billion in 2024 and is projected to grow at a 17.3% CAGR from 2025 to 2034, driven by increasing demand for energy-efficient solutions and adoption of advanced metering infrastructure (AMI).

AMI technology is expected to surpass USD 31 billion by 2034, as advanced communication technologies enable seamless data transmission, predictive maintenance, and real-time monitoring.

The residential application segment is forecasted to grow at over 16% CAGR through 2034, fueled by rising consumer demand for energy efficiency and real-time consumption data.

The U.S. smart gas meters market is anticipated to exceed USD 2.8 billion by 2034, led by regulatory mandates, technological advancements, and a focus on energy efficiency.

Key players in the market include Aclara Technologies, Apator, Azbil Kimmon, Chint Group, Honeywell International, Itron, Landis+Gyr, Neptune Technology Group, Osaki Electric, Raychem RPG, Schneider Electric, Sensus, Wasion Group, and Zenner International.