Energy & Power

Smart Gas Meter Market

By Segment, By Region, And Segment Forecasts, 2012 – 2024

Vertical: EnPBase Year: 201310 Sections

Executive Summary

Smart Gas Meter Market — Snapshot

  • Market Size (2012)

    2012

    $1.48B

  • Projected (2024)

    2024

    $3.07B

  • CAGR (2012–2024)

    6.3%

    6.3%
  • Key Players

    111+

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.

Key Insight

The Smart Gas Meter Market market is projected to grow at a CAGR of 6.3% from 2012 to 2024.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 4 regions: Asia Pacific, Europe, Rest of the World, North America.
  • Market Segmentation: The market is analyzed across 4 segments: Diaphragm Gas Meters, Turbine Gas Meters, Rotary Gas Meters, Others. Forecasts are provided for each segment from 2012 to 2024.
  • Competitive Landscape: 111 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Mn)

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Market Overview

Smart Gas Meter Market — Growth Trajectory

Smart 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.

Smart Gas Meter Market — Growth Trajectory

Diaphragm Gas Meters
Turbine Gas Meters

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Market Size Trend (USD Mn)

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Market Dimensions

How this market is segmented

  • Product Product is broken down into: Diaphragm Gas Meters, Turbine Gas Meters, Rotary Gas Meters, Others.
  • Application Application is broken down into: Residential, Commercial, Industrial.

Geographic Analysis

Regional market breakdown

  • Asia Pacific Asia Pacific market size reached $394.10M in 2012 and is projected to reach $821.00M by 2024, growing at a CAGR of 6.3%.
  • Europe Europe market size reached $467.40M in 2012 and is projected to reach $955.00M by 2024, growing at a CAGR of 6.1%.
  • Rest of the World Rest of the World market size reached $71.20M in 2012 and is projected to reach $157.00M by 2024, growing at a CAGR of 6.8%.
  • North America North America market size reached $544.90M in 2012 and is projected to reach $1.14B by 2024, growing at a CAGR of 6.3%.

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Research Methodology

Smart Gas Meter Market — How We Researched This Market

This 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 – 2013

  • Forecast Period

    2013 – 2024

  • Primary Interviews

    150+

Research Process

Historical data (2012–2013) and forecast period (2013–2024)

1

Problem Definition

  • Market scoping
  • Objective setting
  • Framework design
2

Secondary Research

  • Literature review
  • Data mining
  • Trend analysis
3

Primary Research

  • Expert interviews
  • Field visits
  • Surveys
4

Data Analysis

  • Quantitative modeling
  • Statistical testing
  • Validation
5

Insights & Reporting

  • Synthesis
  • Recommendations
  • Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)
Forecast (modelled)

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Quantitative Analysis

Regional Breakdown

Regional market breakdown for Smart Gas Meter Market.

Regional Market Size (USD Mn)

Market estimates by geography (2024)

USD Mn

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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Regional Market Data

REGION201220132024CAGRSHARE
Asia Pacific$394.10M$556.90M$821.00M6.3%27%
Europe$467.40M$653.60M$955.00M6.1%31%
Rest of the World$71.20M$104.20M$157.00M6.8%5%
North America$544.90M$771.40M$1.14B6.3%37%
Total$1.48B$2.09B$3.07B6.3%100%

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Segment Revenue (2024)

Diaphragm Gas Meters
Turbine Gas Meters
Rotary Gas Meters
Others
039278411751567

Segment Market Share

  • Diaphragm Gas Meters46%
  • Turbine Gas Meters22%
  • Rotary Gas Meters19%
  • Others13%

Total Market Size

$3.07B

Market by Segment (2024)

APPLICATIONREVENUE ($B)GROWTH RATEMARKET PENETRATION
Diaphragm Gas Meters$1.42B6.3%
85%
Turbine Gas Meters$672.10M6.3%
77%
Rotary Gas Meters$575.84M6.3%
88%
Others$399.59M6.3%
53%

* 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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Analytics

Smart Gas Meter Market — Key Findings

Analytical insights on Smart Gas Meter Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

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.

Market Drivers

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.

Market Opportunities

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.

Market Restraints

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.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Market Value by Segment (2024)

Value (USD Mn)
Diaphragm Gas Meters
Turbine Gas Meters
Rotary Gas Meters
Others

Companies

Key companies profiled in Smart Gas Meter Market

Profiles of 111 companies operating in the Smart Gas Meter Market market, including revenue, employee count, and market positioning where available.

Showing 111 of 111 companies

MeteRsit

MeteRsit

Energy & Power

Company Headquarter: Milan, Italy Founded: 2009 Company Working: Founded in the year 2009, MeteRSit is an established firm that provides gas utility companies with remotely controlled gas meters, along with the necessary infrastructure. Headquartered in Milan, Italy, the firm heavily invests in the development of their product range and its industrial development. MeteRSit has managed to achieve a significant market share in the Italian smart gas meters market, as a result of which the firm has started indulging in the project at an international level. With a workforce of more than 50 individuals, MeteRSit is poised to create a global footprint in the smart gas meters market.

RevenueN/A
EmployeesN/A
Market CapN/A
Founded2008
United States, North America
Zenner

Zenner

Energy & Power

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.

RevenueN/A
Employees1,500
Market CapN/A
Founded1902
United States, North America
Flonidan A

Flonidan A/S

Energy & Power

Company Headquarter: Horsens, Denmark Founded: 1982 Company Working: Founded in the year 1982, Flonidan A/S develops and manufactures innovative gas metering solutions. Headquartered in Horsens, Denmark, the firm specializes in smart gas meters, communication modules, ultrasonic gas meters, and water meters. The firm’s solutions are employed by professionals in public and private energy companies to ensure accurate metering and billing. With a healthy workforce of more than 200 individuals, the firm’s nearly 40% of employees are engaged in research and development to enhance their existing products and develop new ones. Since the firms inception, Flonidan has delivered smart gas meters to high volume projects in European countries, which include 1.4 million to the Dutch consortiums Liander, DELTA Netwerkbedrijf, Westland Infra, and Stedin.

RevenueN/A
EmployeesN/A
Market CapN/A
Founded1981
United States, North America
DIEHL METE

DIEHL METERING GMBH

Energy & Power

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.

Revenue$4.1B
EmployeesN/A
Market CapN/A
Founded1861
United States, North America
Apator S.A

Apator S.A.

Energy & Power

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).

Revenue$0.2B
EmployeesN/A
Market CapN/A
Founded1896
United States, North America
Aclara Tec

Aclara Technologies LLC

Energy & Power

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.

RevenueN/A
Employees900
Market CapN/A
Founded1971
United States, North America
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About the Author

Energy & Power Research Team

Energy & Power

This report comes from Wantstats' energy team — analysts who spend their days tracking utility filings, generation capacity, and grid investment plans across markets most research glosses over. Every number here has been checked against our own databases and validated through conversations with people actually running these projects.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

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