The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global gas meter market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.82% during 2023-2028.
A gas meter refers to a specialized flow meter that measures and records the volume of gas produced and consumed. It helps record the distribution of numerous fuel gases, such as natural gas and liquified petroleum gas (LPG). It also keeps track of the usage of gas, ensures adequate gas pressure from the main supply, and provides accurate bills to consumers. It is available in various types and designs that offer unique benefits based on several operational principles, including thermal, acoustic, tracer, velocity, and displacement. At present, the gas meter finds extensive applications in the residential and commercial sectors across the globe.
The growing global population and rapid industrialization are among the key factors positively influencing the demand for natural gas worldwide. This, coupled with the ongoing reconstruction of gas distribution networks and rising investments in developing natural gas pipeline infrastructure, represents one of the key factors contributing to the market growth. Apart from this, the increasing awareness among individuals about the advantages of gas meters in reducing the overall gas wastage during transportation and distribution is strengthening the market growth. Along with this, numerous government initiatives to encourage the adoption of energy-saving systems, such as smart gas meters, are acting as another growth-inducing factor. Furthermore, technological advancements that facilitate remote monitoring and gas leakage detection, along with the integration of cybersecurity systems in gas meters to ensure reliable and safe consumer data consumption, are propelling the market growth. Moreover, increasing investments by leading market players in research and development (R&D) activities to manufacture innovative gas meters with the latest technology, such as an in-home display (IHD), are anticipated to drive the market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global gas meter market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and application.
Breakup by Type:
Basic gas meters currently represent the most popular gas meter type as they are used in the majority of commercial and residential installations.
Breakup by Application:
The residential sector presently holds the majority of the global gas meter market share due to the growing global population, rapid urbanization, and the rising need for residential gas connections
North America exhibits a clear dominance in the market on account of low fuel prices and the uptake of new pipeline projects in the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Honeywell International Inc., Itron Inc., Apator SA, Diehl Stiftung & Co. KG, and Sensus Worldwide Holdings Limited.
|Base Year of the Analysis||2022|
|Segment Coverage||Type, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Honeywell International Inc., Itron Inc., Apator SA, Diehl Stiftung & Co. KG, and Sensus Worldwide Holdings Limited|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global gas meter market was valued at US$ 4.1 Billion in 2022.
We expect the global gas meter market to exhibit a CAGR of 5.82% during 2023-2028.
The growing adoption of energy-saving systems, such as smart gas meters, owing to their various benefits, such as reducing the wastage of gas during transmission and distribution, is primarily driving the global gas meter market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for gas meters.
Based on the type, the global gas meter market has been segmented into basic and smart. Currently, basic gas meters hold the majority of the total market share.
Based on the application, the global gas meter market can be divided into residential, commercial, and industrial. Among these, the residential sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global gas meter market include Honeywell International Inc., Itron Inc., Apator SA, Diehl Stiftung & Co. KG, and Sensus Worldwide Holdings Limited.
Insect Repellent Market by Insect Type (Mosquito Repellent, Bugs Repellent, Fly Repellent, and Others), Product Type (Vaporizers, Spray, Cream, and Others), Distribution Channel (Supermarkets/Hypermarkets, Online Stores), and Region 2023-2028
One-off Chopsticks Market by Product Type (Bamboo, Plastic, Aspen Wood, Stainless Steel), Application (Household, Restaurant, Commercial), Distribution Channel (Supermarkets and Hypermarkets, Departmental Stores, E-Commerce, and Others), and Region 2023-2028
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at