USD 3.93 billion
Smart Gas Metering Systems Market Size, Share, Growth Analysis, By Technology Type(Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI)), By Component(Hardware, Meters, Communication Devices, Software), By End-User(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25G2012 |
Region:
Global |
Published Date: February, 2024
Pages:
223
|Tables:
91
|Figures:
76
Smart Gas Metering Systems Market Insights
Global Smart Gas Metering Systems Market size was valued at USD 3.93 billion in 2021 and is poised to grow from USD 4.4 billion in 2022 to USD 10.89 billion by 2030, growing at a CAGR of 12% in the forecast period (2023-2030).
The worldwide Smart Gas Metering Systems market is experiencing brilliant increase pushed by increasing emphasis on energy performance and the adoption of clever technology in utility management. As utilities global are searching for to modernize infrastructure, smart gas metering systems provide real-time data collection, far off tracking, and stepped forward accuracy in billing. The market is characterized through a surge in investments in smart metropolis tasks, in addition propelling the demand for advanced gasoline metering solutions.
Regulatory mandates for strength conservation and the mixing of IoT technology make contributions to the market's enlargement. Key players are that specialize in innovation, together with AMR/AMI technologies, to enhance device abilties and deal with evolving enterprise wishes. The Asia-Pacific area, with its developing urbanization and power call for, is rising as a large marketplace contributor, reflecting the global shift towards wise and sustainable software management answers.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Residential
Fastest Growth
Industrial
Growth Rate
12% CAGR
Global Smart Gas Metering Systems Market ($ Bn)
Country Share for Europe Region (%)
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Smart Gas Metering Systems Market Segmental Analysis
The global Smart Gas Metering Systems market is segmented into four major segments i.e. by Technology Type, Component, End-User, and region. Based on Type, it is divided into Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI). Based on Component, it is bifurcated as Hardware, Meters, Communication Devices, Software, Services. Based on End-User it is segregated into, Residential, Commercial, Industrial. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Component
The hardware element, which include meters and verbal exchange gadgets, is probably to dominate the marketplace. This is due to the fact the bodily infrastructure of smart gasoline metering systems, such as advanced meters and conversation gadgets, paperwork the backbone of the complete machine.
The services issue could be the fastest-growing section. As the adoption of clever fuel metering systems will increase, there is a growing want for installation, protection, and help offerings. Service providers play a essential position in making sure the seamless functioning of those structures, and their call for is expected to grow in tandem with the expanding marketplace.
Analysis by End User
The residential area is likely to dominate the marketplace. This is because residential consumers form a full-size portion of the gas utility client base, and the adoption of clever gas metering systems in residential regions is mostly a strategic attention for utilities aiming to improve billing accuracy and optimize carrier transport.
The industrial region can be the fastest-growing phase. As industries an increasing number of are seeking ways to decorate energy efficiency, screen consumption, and follow sustainability dreams, there may be a developing demand for advanced metering answers. The business zone's complicated electricity needs and high intake volumes may additionally pressure the adoption of clever fuel metering structures for particular tracking and control.
Global Smart Gas Metering Systems Market By End-Use
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Smart Gas Metering Systems Market Regional Insights
Europe is in all likelihood to dominate the marketplace. This is because European nations were early adopters of clever metering technologies, driven via regulatory projects, strength efficiency goals, and the need for modernizing application infrastructure. The location has seen huge investments in clever grid initiatives, inclusive of superior gas metering systems.
The Asia-Pacific place might be the quickest-developing market. This is because of the growing urbanization, growing electricity intake, and a growing awareness on clever city initiatives in countries like China and India. As those economies increase, there is a parallel want for advanced software management answers, inclusive of smart gasoline metering systems, to enhance efficiency and address the challenges of a burgeoning population.
Global Smart Gas Metering Systems Market By Region
- Largest
- Fastest
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Smart Gas Metering Systems Market Dynamics
Drivers
Increasing Focus On Energy Efficiency And Sustainability
- The increasing awareness on electricity efficiency and sustainability emerges as a number one motive force, with utilities international embracing smart technologies to optimize gasoline consumption and reduce environmental effect. Regulatory mandates mandating the adoption of smart metering answers further boost up marketplace growth, compelling utilities to modernize their infrastructure.
Restraints
High Upfront Costs Associated With The Installation
- One of the main market restraints is the high prematurely fees related to the set up and implementation of smart metering infrastructure. This monetary barrier can pose a large hurdle for utilities, in particular in areas with confined budgets or in developing economies. Privacy and statistics safety issues additionally represent a constraint, because the big data generated through smart gas meters raises apprehensions approximately unauthorized get entry to and potential misuse.
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Smart Gas Metering Systems Market Competitive Landscape
The aggressive environment of the Smart Gas Metering Systems market is dynamic and is characterised by using a dynamic interplay of established industry leaders and modern entrants striving for marketplace percentage. The key players leverage their technological expertise, sturdy economic talents, and established customer relationships to hold a aggressive aspect. The marketplace additionally functions the lively participation of regional and niche players, contributing to the variety of services.
Top Player’s Company Profiles
- Honeywell International Inc. (US)
- Itron, Inc. (US)
- Apator S.A. (Poland)
- Landis+Gyr (Switzerland)
- Elster Group GmbH (Germany)
- Sensus, a Xylem brand (US)
- Kamstrup A/S (Denmark)
- Diehl Metering GmbH (Germany)
- EDMI Group (Elster, Landis+Gyr) (France)
- Zenner International GmbH & Co. KG (Germany)
- Aidon Corporation (UK)
- Metronix AG (Switzerland)
- Gazprom Metering (Russia)
- Nantong Tongxu Electronics Co., Ltd. (China)
- Shanghai Meters Co., Ltd. (China)
- Wuhan Kaidi Electric Meter Co., Ltd. (China)
- Cecomp India Ltd. (India)
- Elcom Metering Pvt. Ltd. (India)
- Acromag, Inc. (US)
- Netadpo Technologies Pvt. Ltd. (India)
Recent Developments
- March 2023: Indraprastha Gas Limited (IGL) and Vikas Lifecare Limited have inked a joint task settlement (JVA) to establish a smart meter production facility. The subsidiary of Vikas Lifecare, Genesis Gas Solution, has undertaken the contract on its behalf.
- Rising Consumer Awareness and expanded use of smooth label products: March 2023: SmartGAS Germany, a top participant in business infrared gas sensors, and SIGAS China, boasting over 12 years of proficiency in gas analyzers and environmental tracking structures, have strategically merged.
Smart Gas Metering Systems Key Market Trends
- Rising Consumer Awareness and increased use of clean label products: The increasing integration of superior technologies, which includes Internet of Things (IoT) and artificial intelligence, to decorate the abilities of gasoline metering systems. This helps actual-time facts collection, allowing utilities to optimize consumption styles and enhance general operational performance. Another noteworthy trend is the growing emphasis on facts analytics and cloud-based solutions, empowering utilities with actionable insights for decision-making.
Smart Gas Metering Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Smart Gas Metering Systems market evaluation reveals a dynamic marketplace with some of standout trends and difficulties. The marketplace is driven by increasing energy performance demands and regulatory mandates for current software infrastructure. High prematurely expenses, records protection concerns, and interoperability demanding situations act as restraints. The product kind evaluation reveals a shift closer to advanced metering infrastructure (AMI) technology.
Europe dominates the marketplace due to regulatory guide, whilst the Asia-Pacific region is the fastest-growing, driven by urbanization and clever town projects. Key marketplace tendencies encompass the mixing of IoT and AI, a focal point on data analytics, and the pursuit of interoperability and standardization for seamless technology integration.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.93 billion |
| Market size value in 2031 | USD 10.89 billion |
| Growth Rate | 12% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Smart Gas Metering Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Smart Gas Metering Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Smart Gas Metering Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Gas Metering Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Gas Metering Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Gas Metering Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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