The global market for Smart Gas Meters is estimated at US$8.0 Billion in 2023 and is projected to reach US$12.6 Billion by 2030, growing at a CAGR of 6.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the smart gas meter market is driven by several factors. Technological advancements, such as improvements in communication protocols and sensor technologies, have made smart meters more reliable and cost-effective, encouraging widespread adoption. The increasing emphasis on energy efficiency and the reduction of greenhouse gas emissions has prompted governments and regulatory bodies to mandate the use of smart metering solutions, providing a significant boost to the market. Additionally, the rising awareness among consumers about the benefits of real-time monitoring and the desire for more control over their energy usage have further fueled demand. Utility companies are also motivated to adopt smart gas meters due to the operational efficiencies they offer, including reduced labor costs for meter readings and enhanced capabilities for detecting and responding to gas leaks. Furthermore, the global push towards smart cities, which rely on interconnected systems and data-driven decision-making, has created a favorable environment for the deployment of smart gas meters. These factors collectively contribute to the robust growth of the smart gas meter market, as stakeholders recognize the value of advanced metering infrastructure in achieving sustainability and operational excellence.
The growth in the smart gas meter market is driven by several factors. Technological advancements, such as improvements in communication protocols and sensor technologies, have made smart meters more reliable and cost-effective, encouraging widespread adoption. The increasing emphasis on energy efficiency and the reduction of greenhouse gas emissions has prompted governments and regulatory bodies to mandate the use of smart metering solutions, providing a significant boost to the market. Additionally, the rising awareness among consumers about the benefits of real-time monitoring and the desire for more control over their energy usage have further fueled demand. Utility companies are also motivated to adopt smart gas meters due to the operational efficiencies they offer, including reduced labor costs for meter readings and enhanced capabilities for detecting and responding to gas leaks. Furthermore, the global push towards smart cities, which rely on interconnected systems and data-driven decision-making, has created a favorable environment for the deployment of smart gas meters. These factors collectively contribute to the robust growth of the smart gas meter market, as stakeholders recognize the value of advanced metering infrastructure in achieving sustainability and operational excellence.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Advanced Meter Infrastructure (AMI) Technology segment, which is expected to reach US$4.0 Billion by 2030 with a CAGR of a 8.7%. The Automatic Meter Reading (AMR) Technology segment is also set to grow at 5.8% CAGR over the analysis period.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Gas Meters Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Gas Meters Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Gas Meters Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Accenture PLC, Atos SE, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 75 Featured):
- ABB Ltd.
- Accenture PLC
- Atos SE
- Capgemini SE
- CGI, Inc.
- Badger Meter, Inc.
- Arqiva Ltd.
- Aclara Technologies LLC
- Apator SA (Apator Group)
- Advanced Electronics Company
- AddGroup
- CAS Tecnologia
- Chongqing Shancheng Gas Equipment Co., Ltd.
- China Minsen Meter Co., Ltd.
- Aichi Tokei Denki Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- ABB Ltd.
- Accenture PLC
- Atos SE
- Capgemini SE
- CGI, Inc.
- Badger Meter, Inc.
- Arqiva Ltd.
- Aclara Technologies LLC
- Apator SA (Apator Group)
- Advanced Electronics Company
- AddGroup
- CAS Tecnologia
- Chongqing Shancheng Gas Equipment Co., Ltd.
- China Minsen Meter Co., Ltd.
- Aichi Tokei Denki Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 360 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 8 Billion |
| Forecasted Market Value ( USD | $ 12.6 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
