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Smart Gas Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global smart gas meter market reached a value of US$ 1.83 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.8 Billion by 2027, exhibiting a CAGR of 7.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Smart gas meter refers to a digitized gas network that provides electronic gas consumption measurements. Automatic meter reading (AMR) and advanced meter infrastructure (AMI) are some of the commonly used smart gas meters. It consists of integrated sensors and computation hardware that measures the volume of the gas consumed in a more precise way. Smart gas meters are widely used to detect toxic and explosive gasses, measure gas concentration and provide greater clarity of consumption behavior. As a result, it is attached with an alarm circuit that gives real-time alerts about the concentration of harmful gasses in the atmosphere, prevents explosions and fire hazards, and aids in gas analysis.

Smart Gas Meter Market Trends:

The smart gas meter market is majorly being driven by the widespread product adoption in the residential sector due to the increasing cases of stealing the pipeline gas resulting in leakage, malfunctions, and other safety hazards. Additionally, the rising demand for AMR devices to collect or control time-of-use or rate-of-use statistics and assist in providing accurate meter readings and improved and transparent billing processes is favoring the market growth. Apart from this, various advancements in technologies, such as the integration of the Internet of Things (IoT) to support real-time monitoring of temperature, flow, pressure, gas usage and leakages, are providing an impetus to the market growth. Moreover, the increasing awareness amongst consumers regarding the benefits associated with smart gas meters, such as better gas distribution and usage insights, along with reduced natural gas wastage, are positively impacting the market growth. Other factors, including the rising expenditure capacities of consumers, the increasing number of smart city development projects, and the implementation of various government initiatives to encourage and regulate the adoption of energy-saving systems, such as smart gas meter, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart gas meter market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type and end use.

Breakup by Component:

  • Hardware
  • Software
     

Breakup by Type:

  • Automated Metering Infrastructure (AMI)
  • Automated Meter Reading (AMR)
     

Breakup by End Use:

  • Residential
  • Commercial
  • Industrial
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aclara Technologies LLC (Hubbell Incorporated), Aichi Tokei Denki Co. Ltd., Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Diehl Stiftung & Co. KG, EDMI Limited (Osaki Electric Co. Ltd.), Honeywell International Inc., Itron Inc, Landis+Gyr, Raychem RPG Private Limited, Schneider Electric SE, Siemens AG and Wasion Holdings Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Type, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aclara Technologies LLC (Hubbell Incorporated), Aichi Tokei Denki Co. Ltd., Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Diehl Stiftung & Co. KG, EDMI Limited (Osaki Electric Co. Ltd.), Honeywell International Inc., Itron Inc, Landis+Gyr, Raychem RPG Private Limited, Schneider Electric SE, Siemens AG and Wasion 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)

 

Key Questions Answered in This Report:

  • How has the global smart gas meter market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart gas meter market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the by type?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart gas meter market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Gas Meter Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Type
    7.1    Automated Metering Infrastructure (AMI)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Automated Meter Reading (AMR)
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End Use
    8.1    Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Industrial
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Aclara Technologies LLC (Hubbell Incorporated)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 SWOT Analysis
        14.3.2    Aichi Tokei Denki Co. Ltd.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    Apator SA
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Chongqing Shancheng Gas Equipment Co. Ltd.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Diehl Stiftung & Co. KG
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    EDMI Limited (Osaki Electric Co. Ltd.)
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Honeywell International Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Itron Inc
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Landis+Gyr
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Raychem RPG Private Limited
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Schneider Electric SE
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Siemens AG
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Wasion Holdings Limited
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio

List of Figures

Figure 1: Global: Smart Gas Meter Market: Major Drivers and Challenges
Figure 2: Global: Smart Gas Meter Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Gas Meter Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Gas Meter Market: Breakup by Component (in %), 2021
Figure 5: Global: Smart Gas Meter Market: Breakup by Type (in %), 2021
Figure 6: Global: Smart Gas Meter Market: Breakup by End Use (in %), 2021
Figure 7: Global: Smart Gas Meter Market: Breakup by Region (in %), 2021
Figure 8: Global: Smart Gas Meter (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Smart Gas Meter (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Smart Gas Meter (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Smart Gas Meter (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Smart Gas Meter (Automated Metering Infrastructure (AMI)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Smart Gas Meter (Automated Metering Infrastructure (AMI)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Smart Gas Meter (Automated Meter Reading (AMR)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Smart Gas Meter (Automated Meter Reading (AMR)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Smart Gas Meter (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Smart Gas Meter (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Smart Gas Meter (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Smart Gas Meter (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Smart Gas Meter (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Smart Gas Meter (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: North America: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: United States: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: United States: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Canada: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Canada: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Asia-Pacific: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Asia-Pacific: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: China: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: China: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Japan: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Japan: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: South Korea: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: South Korea: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Australia: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Australia: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Indonesia: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Indonesia: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Others: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Others: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Germany: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Germany: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: France: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: France: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United Kingdom: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United Kingdom: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Italy: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Italy: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Spain: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Spain: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Russia: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Russia: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Latin America: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Latin America: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Brazil: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Brazil: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Mexico: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Mexico: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Middle East and Africa: Smart Gas Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Middle East and Africa: Smart Gas Meter Market: Breakup by Country (in %), 2021
Figure 70: Middle East and Africa: Smart Gas Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Global: Smart Gas Meter Industry: SWOT Analysis
Figure 72: Global: Smart Gas Meter Industry: Value Chain Analysis
Figure 73: Global: Smart Gas Meter Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smart Gas Meter Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Gas Meter Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Smart Gas Meter Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Smart Gas Meter Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Smart Gas Meter Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Smart Gas Meter Market: Competitive Structure
Table 7: Global: Smart Gas Meter Market: Key Players

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