Smart Gas Meter Market Size, Share & Trends Analysis Report By Component, By Type (Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter), By Technology, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Smart Gas Meter Market Size, Share & Trends Analysis Report By Component, By Type (Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter), By Technology, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Smart Gas Meter Market Size & Trends

The global smart gas meter market size was valued at USD 3.24 billion in 2023 and is expected to grow at a CAGR of 6.9% from 2024 to 2030. Efforts to reduce greenhouse gas emissions have emphasized the importance of using natural gas in various applications. Additionally, emerging technologies that enable users to monitor their energy consumption are fueling the growth of the smart gas market. Although this technology is currently new and available only in a few countries, its operational advantages and economic feasibility are expected to facilitate widespread adoption across many countries during the forecast period. Gas pipelines are being installed in many countries to ensure natural gas is available in every home. Gas meters provide several benefits, including accurate readings, eliminating manual involvement, tracking usage data, preventing unaccounted consumption, and assessing monthly tariffs.

Operational advantages such as continuous pipeline monitoring, the elimination of manual monthly readings, real-time data availability, and operational precision drove the adoption of smart gas metering. Additionally, the cost savings and one-time investment in smart meters fueled market growth. Along with the benefits to gas companies, smart gas meters also offer customers advantages such as better control over monthly bills, detailed feedback on energy use, and reduced system failures.

Smart grids are vital technologies that have contemporized gas networks by providing consumers and utilities with the information necessary to manage gas usage efficiently. Energy utilities globally are investing in smart grid technologies, which facilitate the development of new business models, automatic monitoring and control of gas consumption, and a reduction in outages with quicker response spans during natural hazards. At the end-user level, smart grids enable consumer participation and demand flexibility in energy system operations through storage and distributed generation.

According to the U.S. Department of Energy (DOE), a modernized smart grid in the U.S. is expected to help consumers save approximately USD 20 billion on their utility bills by 2025. Smart meters are the fundamental building blocks of smart grid technologies. With a system of smart meters in place, utilities can deliver new efficient and reliable energy products based on customer demand.

Smart Gas Meter Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global smart gas meter market report based on component, technology, type, end-use, and region.

• Component Outlook (Revenue, USD Billion, 2017 - 2030)
• Hardware
• Software
• Services
• Type Outlook (Revenue, USD Billion, 2017 - 2030)
• Smart Ultrasonic Gas Meter
• Smart Diaphragm Gas Meter
• Technology Outlook (Revenue, USD Billion, 2017 - 2030)
• Advanced Metering Infrastructure (AMI)
• Auto Meter Reading (AMR)
• End Use Outlook (Revenue, USD Billion, 2017 - 2030)
• Residential
• Commercial
• Industrial
• Regional Outlook (Revenue, USD Billion, 2017 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Latin America
• Brazil
• MEA
• UAE
• South Africa
• KSA

Please note The report will be delivered in 4-8 business days upon order notification.