Gas Meter Market

Gas Meter Market Size, Share, Growth Analysis, By Product Type (Smart, Traditional), By Application (Utility Companies, Manufacturers), By End Use (Residential, Commercial), By Region -Industry Forecast 2024-2031

Report ID: SQMIG25G2014 | Region: Global | Published Date: October, 2024
Pages: 156 | Tables: 62 | Figures: 70

Gas Meter Market Competitive Landscape

Itron, Honeywell International Incorporation, Xylem Incorporation, Apator SA, Diehl Stiftung & Co.KG, and ABB Limited are some of the key players in the gas meter market. In the year 2023, these companies together have held around a 5–10% share in the market. The market consists of many industrial business companies from both domestic and foreign markets. Advanced Metering Infrastructure (AMI) is one of the key offerings of most of these companies, wherein remote data collection and analysis would be enabled. The market serves the needs of innovation for gas meters and provides satisfaction to various needs within the industry.

Top Player’s Company Profiles

  • Itron Inc.
  • Honeywell International Inc.
  • CGI
  • ABB
  • Apator SA
  • Aclara Technologies LLC
  • EDMI Limited
  • General Electric
  • Diehi Stiftung & Co. KG
  • Sensus Worldwide Holdings Limited
  • ZENNER
  • AKG Acoustics
  • Badger Meter
  • Schneider Electric SE
  • Xylem Inc.

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FAQs

Global Gas Meter Market size was valued at USD 3.79 Billion in 2023 and is poised to grow from USD 3.96 Billion in 2024 to USD 5.43 Billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).

Itron, Honeywell International Incorporation, Xylem Incorporation, Apator SA, Diehl Stiftung & Co.KG, and ABB Limited are some of the key players in the gas meter market. In the year 2023, these companies together have held around a 5–10% share in the market. The market consists of many industrial business companies from both domestic and foreign markets. Advanced Metering Infrastructure (AMI) is one of the key offerings of most of these companies, wherein remote data collection and analysis would be enabled. The market serves the needs of innovation for gas meters and provides satisfaction to various needs within the industry. 'Itron Inc.', 'Honeywell International Inc.', 'CGI', 'ABB', 'Apator SA', 'Aclara Technologies LLC', 'EDMI Limited', 'General Electric', 'Diehi Stiftung & Co. KG', 'Sensus Worldwide Holdings Limited', 'ZENNER', 'AKG Acoustics', 'Badger Meter', 'Schneider Electric SE', 'Xylem Inc.'

Increasing Adoption of Smart Gas Meters

Combination of Cloud and IoT Technologies

North America, with the largest share of about 35.39%, dominated the global gas meter market in 2023. The region's governments are involved in implementing plans and policies for the penetration of smart gas meters. The incentives, legislation, and energy efficiency goals at the national level are all part of it. For instance, the United States encourages utilities to develop plans for the wide diffusion of smart meters to reach ambitious environmental objectives along with improved grid management. In addition, the trend is encouraged by government programs for sustainability and efficiency in energy use; the advent of smart metering technologies enables real-time monitoring and optimization. These changes are driven by the necessity for minimizing losses upon transmission and distribution of gas.

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Gas Meter Market

Report ID: SQMIG25G2014

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