Vertical: EnPBase Year: 201310 Sections
Market Size (2013)
$1.56B
Projected (2024)
$3.07B
CAGR (2012–2024)
6.3%
Key Players
12+
The global smart gas meters market is expected to grow at about 6.60% CAGR during the forecast and reach USD 3,072.0 million by 2024. The smart gas meters market is expected to grow at a rapid pace primarily due to government roll-outs, and implementations of mandates & policies, in developed economies. Advantages of smart gas meters such as accurate billing, enhanced customer experience, and improved customer service are expected to be the driving factors for smart gas meters market in developing countries.
On the basis of product, the smart gas meters market has been segmented as Diaphragm gas meters, Turbine gas meters, Rotary gas meters and others. With the advent of technology manufactures have been investing heavily in order to broaden their product portfolios to expand their market share. The diaphragm gas meters dominate the market on the basis of product type segment and are expected to continue to do so in the forecast period.
On the basis of application, the smart gas meters market has been segmented as Residential, Commercial, and Industrial. Residential accounted for the largest market share of 56.97% in 2017, with a market value of USD 1,118.9 million and is projected to grow at the highest CAGR of 7.02% during the forecast period. Commercial was the second-largest market in 2017, valued at USD 585.9 million in 2017; it is projected to grow at a CAGR of 6.11%.
· Market Size
· 2017: USD 1,964.0 Million
· 2024: USD 3,072.0 Million
· CAGR
· 6.60%
· Key Geographies
· North America: 37.0%
· Europe: 31.3%
· Asia Pacific: 26.7%
· Rest of the World: 5.0%
· Key Leading Regions
· U.S.
· U.K
· China
· France
· Key Market Drivers
· Government Roll Outs
· Increasing Investment in Smart Grid Projects
· Key Market Opportunities
· Needs for efficient energy usage
· Key Vendors
· Ladnis+Gyr
· Itron Inc.
· Honeywell International Inc. (Elster Group)
· Aclara Technologies LLC
· Xylem Inc.
The Smart Gas Meter Market market is projected to grow at a CAGR of 6.3% from 2012 to 2024.
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View Subscription PlansSmart gas meters have increasingly substituted existing meters. Smart gas meters are helpful tools for the end users as provide energy efficiency, monitoring and enables the end users to keep on top of the gas bills. Smart meters provide a two way communication between the meter and the central system. With numerous advantages over traditional gas meters such as energy efficiency and conservation, smart gas meters market has witnessed a significant growth in recent times.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2013
Historical Period
2012 – 2012
Forecast Period
2014 – 2024
Primary Interviews
150+
Historical data (2012–2013) and forecast period (2013–2024)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansIn competitive landscape, the report studies the growth strategies adopted by the companies between 2014 and 2017. The key players adopted various strategies to retain and/or expand their market share. The key strategy followed by most companies within the global smart gas meters market was that of expansion followed by mergers & acquisitions.
The major players operating in this market, who have adopted these strategies, are Schneider Electric (France), Landis+Gyr (Switzerland), Xylem, Inc. (U.S.), Aclara Technologies LLC (U.S.), Honeywell International Inc. (U.S.), Itron Inc. (U.S.), EDMI (Singapore), Apator Group (Poland), DIEHL Metering (Germany), Zenner (Germany), MeteRSit (Italy), Flonidan A/S (Denmark) and others.
Extensive research in this market has brought to light that expansion activities are adopted by the major players in the global smart meters market, key, as strategy. These activities are widely adopted to increase their geographical presence and achive the operational efficiency. For instance, Sensus, a part of Xylem Inc., opened a new meter manufacturing and assembly facility in Fujian Province, the People’s Republic of China. The facility, with a capacity to produce 150,000 meters annually, meets the growing demand for advanced meters in China, Southeast Asia, and other regions
In addition to this, mergers & acquisitions are also adopted, extensively, by the players with a share of 27.8%. This strategy is widely adopted to increase their presence and the customer base. For instance, Sensus, a part of Xylem Inc., has reached an agreement to acquire Sentec, an award-winning research organization that develops electronics and sensor technologies for utilities, meter and appliance manufacturers, and infrastructure providers.
The global smart gas meters market is primarily dominated by five companies, namely, Landis+Gyr (Switzerland), Xylem, Inc. (U.S.), Aclara Technologies LLC (U.S.), Honeywell International Inc. (U.S.), and Itron Inc. (U.S.). In 2016, Landis+Gyr and Itron Inc. holds the major market share of 32% among the top five market players, followed by Honeywell International Inc. with a market share of 18%. Xylem Inc. had a comparatively low market share of 5% in the global smart gas meters market.
Market estimates by geography (2024)
InsightNorth America leads with $1.14B by 2024, while Rest of the World is projected to grow fastest at a 6.8% CAGR.
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View Subscription Plans| REGION | 2012 | 2013 | 2024 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $394.10M | $556.90M | $821.00M | 6.3% | 27% |
| Europe | $467.40M | $653.60M | $955.00M | 6.1% | 31% |
| Rest of the World | $71.20M | $104.20M | $157.00M | 6.8% | 5% |
| North America | $544.90M | $771.40M | $1.14B | 6.3% | 37% |
| Total | $1.48B | $2.09B | $3.07B | 6.3% | 100% |
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View Subscription PlansTotal Market Size
$3.07B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Diaphragm Gas Meters | $1.42B | 7.6% | 46% |
| Turbine Gas Meters | $672.10M | 5.3% | 22% |
| Rotary Gas Meters | $575.84M | 5.1% | 19% |
| Others | $399.59M | 5.6% | 13% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Smart Gas Meter Market covering market dynamics, competitive landscape, and strategic outlook.
The Smart Gas Meter Market market is projected to reach $3.07B by 2024, growing at 6.3% CAGR. The Diaphragm Gas Meters segment holds the largest share.
A significant increase in government roll out of smart gas meters in households and commercial application (relatively controlled) in recent times has been a key growth factor for the smart gas meters market. Recently, numerous countries have endorsed legislation mandating adoption of smart meters as part of broader clean energy initiatives. For example, in the European Union (EU), around 200 million smart meters for electricity and 45 million for gas will be rolled out by 2020. It includes a potential investment of euro 45 billion. Additionally, the EU is expected that nearly 72% of European consumers will have a smart meter for electricity and about 40% will have one for gas by 2020. According to Smart energy outlook, at the end of March 2018, almost 8.6 million smart meters have been installed across Great Britain. This has attracted the interest of numerous multinational smart meter manufacturers. Also in China, severe government mandates, pushed the bulk deployment of smart meters in the recent years, completing the rollout of electric & gas meters in 2016. Hence, such supportive initiatives by various governments upsurge the growth of the market.
A smart meter is the next generation of gas and electricity meter. It measures the total energy used by the consumer in the same way as a traditional meter does. They are used for reading the power consumption in real time, provide accurate billing, and to identify electricity theft. Smart meters consist of digital displays for displaying detailed energy usage, and the cost related to the energy usage. With the detailed energy usage and cost displayed on the digital display, the consumers can understand and act accordingly to conserve the energy. The consumers adjust their consumption patterns when they discover the amount of power used and the cost of operation of the several appliances.
Hence, need for efficient energy usage, and conservation of energy has induced a significant demand in the smart gas meters which enables the customers to be on top of their energy consumption and production.
Major promotion of smart gas meters by the government has resulted in a successful conclusion of the first phase of smart gas meters implementation in many countries. One of the major problem associated with these meters is adaptability or interoperability issues. Most of the smart gas meters are effectively trapped with their energy supplier. The gadgets are supposed to record household energy use every 30 minutes and send this information directly to energy companies, meaning customers pay only for the energy they use. The smart meters installed in the households are not adaptable to the rival supplier’s connections. Switching suppliers would result in the meter being no longer “Smart”, there has been the loss of smart functionality for e.g. remote meter reads, and would revert back to a dumb mode which is no different from the traditional meters we have been using for decades. Lack of significant infrastructure has been a key reason for this problem. This kind of problem may hamper the growth of the market.
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Profiles of 108 companies operating in the Smart Gas Meter Market market, including revenue, employee count, and market positioning where available.
Showing 108 of 108 companies
Company Headquarters: US Founded: 2011 Workforce: ~16,200 Company Working: Xylem is an American water technology company that offers engineered solutions to meet water, wastewater and energy needs for applications such as building services, commercial, public utility, and industrial purposes. It operates in three business segments, which include water infrastructure, applied water and measurement & control solutions. Water & wastewater pumps and filtration, disinfection & biological treatment are the major products of water infrastructure segment. Pumps, valves, heat exchangers & controls, dispensing equipment systems are some of the major products of applied water segment. Measurement & control solutions segment offers various solutions such as smart meters, networked communication devices, data analytics, test equipment & controls, sensor devices, and software & managed services. The company operates in North America, Europe, and Asia-Pacific.
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Company Headquarter: Saarbrucken, Germany Founded: 1903 Workforce: 1500 Company Working: Founded in the year 1903, Zenner is setting benchmarks in innovation, quality, and precision in the field of measuring techniques. Headquartered in Saarbrucken, Germany, Zenner specializes in water meters, heat meters, heat cost allocators, gas meters, systems technology, and smart metering. The firm has been developing, producing, and marketing innovative measuring equipment for global markets for over 100 years. Each year, the firm manufactures, markets, and deliver nearly three million water and 140,000 heat meters to customers across the globe. Over time the firm has established its name in the smart meter market and has managed to establish a presence across the globe, specifically in Europe, the United States, South America, and Asia Pacific. The firm boasts of a healthy workforce of more than 1500 employees.
Company Headquarter: Ansbach, Germany Founded: 1862 Workforce: - Company Working: DIEHL metering GmbH was founded in 1862 and is based in Ansbach, Germany. The company operates as a subsidiary of Diehl Stiftung & Co. KG. Diehl Metering GmbH develops, produces, and sells high-precision metering equipment for metering and reading water, thermal energy, gas, and electricity consumption. DIEHL offers its customers the highest quality of service and convenience through cutting down time, work, and cost. It enables its end-users to handle resources in a very sustainable manner through its intelligent metering technology.
Company Headquarter: Poland Founded: 1897 Workforce: - Company Working: Situated in Poland, Apator S.A. is a dynamic capital group that incorporated 15 subsidiaries. The company primarily focuses on innovation and technical solutions to boost its sales annually. Taking pride in its technological development, The Apator Group boasts of delivering high-quality products to its consumers. Apator Group mainly focuses on its two main segments of the electromechanical industry, inlcuding metering and switchgear. Incorporated in 1897, the company has a rich history of satisfied customers and high-quality product delivery. Apator Powogaz S.A., Apator Control Sp. Z O. O., Apator Rector Sp. z o.o., and Elkomtech S.A. are the subsidiaries of the company. Some of the major competitors of the company are EDMI (Singapore), Aclara Technologies, LLC. (U.S.), Xylem Inc. (U.S.), and Siemens AG (Germany).
Company Headquarter: St. Louis, Missouri, U.S Founded: 1972 Workforce: 900 Company Working: Aclara Technologies LLC, is the subsidiary of Meter Readings Holding, LLC and provides Smart Infrastructure Solutions (SIS) to water, gas, and electric utilities worldwide. The company offers a comprehensive suite of solutions comprised of meters and edge devices, Advanced Metering Infrastructure (AMI), , installation services and provision of labor with a single point of accountability to utilities. Aclara Technologies LLC have their offices in the U.S., the U. K, Taiwan, Philippines, and Taiwan. More than 900 people are working with more than 800 gas, water, and electric utilities, worldwide. Aclara Software Inc., Smart Grid Solutions, LLC, and Metrum Technologies, LLC are the subsidiaries of the company.
10 interactive charts drawn from the Smart Gas Meter Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Smart Gas Meter Market United States and Canada Of North America By Country
Global Smart Gas Meter Market Middle East And Africa and Latin-America Of Rest Of The World
Global Smart Gas Meter Market Germany, France, United Kingdom, Italy and Rest Of Europe By Country
Global Smart Gas Meter Market Australia, China, India, Japan and Rest Of Asia Pacific By Country
Global Smart Gas Meter Market By Region
Smart Gas Meter Market North America By Country
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
