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Smart Gas Meters Market Trends

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

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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.

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.