Global Smart Gas Meters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smart Gas Meters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Smart Gas Meters market finds that the global Smart Gas Meters market reached a value of USD 2764.31 million in 2022. It’s expected that the market will achieve USD 4105.63 million by 2028, exhibiting a CAGR of 6.81% during the forecast period.

Limitations

In the smart gas meter industry, the main competitors are mainly private enterprises that entered the early stage of the industry development, and the scale is generally small. In many countries, the gas meter industry is highly marketized and the industry competition is fierce.
In some countries where the economy and technology are relatively backward, the technology for making smart gas meters and the corresponding supply equipment cannot meet the market requirements. On the other hand, in some areas where natural gas demand is small, the demand for smart gas meters will be relatively small.
Since the composition of a smart gas meter includes many parts, as well as some precision instruments, fluctuations in the price of raw materials will have a certain impact on the smart gas meter market.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Elster (Honeywell), Itron, Inc, Zenner with the revenue market share of 11.73%, 9.53% and 8.55% in 2018.

Elster Group SE develops gas, electricity, and water meters; and related communications, networking, and software solution for residential, commercial, and industrial customers worldwide. The company’s Gas segment offers mechanical and solid state meters, and related components; automated meter reading, advanced metering infrastructure, remote flow control, consumption regulation, measurement, and meter data management software solutions; gas utilization products comprising process-heating equipment, such as burner-control and heat-control systems; and polyethylene piping and mechanical pipe joining products, and pre-fabricated meter for natural and propane gas distribution systems. It also provides repair, calibration, commissioning, and maintenance services, as well as project engineering services; and gas pressure regulation and communication products, including low and middle pressure regulators, valves, volume converters, data loggers, flow computers, gas quality measurement, and metering and regulation stations, as well as monitoring systems primarily used in upstream and mid-stream applications. This segment offers its products under the Elster American Meter, Elster Kromschröder, Elster Perfection, and Elster Instromet brands. Its Electricity segment offers electromechanical and solid state single-phase and poly phase meters under the Elster name; and technologies, such as security functions, plug and play capabilities, and IP-based protocols, as well as radio frequency mesh, power line communication, cellular, and satellite communication technologies.

Itron, Inc., a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers software implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or non-customary warranties.

Segmentation Overview:

Among different product types, Card Type segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Smart Gas Meters market covered in Chapter 3:

Goldcard Smart Group
Pietro Fiorentini
LAO Industria
Diehl Metering
Zhejiang Sapphire Meter Technology
Neptune Technology Group
Zenner
Aclara
RMG Messtechnik GmbH
Xintian Technology
Dandong Dongfa Group
Aerospace Power
Itron, Inc.
AEM
Sichuan Haili Intelligent Technology
Zhejiang Songchuan Instrument Technology
Badger Meter
KROHNE Group
Viewshine
Landis+Gyr
Sagemcom
Hangzhou Beta Meter
Hangzhou Innover Technology
Sensus
Elster (Honeywell)
PowerCom Ltd.
OSAKI Group
Apator Group
Aichi Tokei Denki Co., Ltd.
Flonidan

In Chapter 4 and Chapter 14.2, on the basis of types, the Smart Gas Meters market from 2018 to 2029 is primarily split into:

Card Type
Wired Remote Transmission
Wireless Remote Transmission
Internet of Things

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smart Gas Meters market from 2018 to 2029 covers:

Residential
Commercial
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)