The global market for Gas Meters is estimated at US$3.9 Billion in 2023 and is projected to reach US$5.3 Billion by 2030, growing at a CAGR of 4.3% 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 gas meter market is driven by several factors, including technological advancements, regulatory policies, and shifts in consumer behavior. The increasing adoption of smart home technologies has led to higher demand for smart gas meters, which are compatible with home automation systems and offer consumers real-time insights into their energy consumption. Additionally, the global expansion of natural gas infrastructure in emerging economies creates a vast demand for new installations of gas meters, which are needed to ensure accurate billing and efficient gas distribution.
Regulatory frameworks across the world are also compelling utilities to upgrade their metering infrastructure to comply with new standards aimed at enhancing energy efficiency and reducing environmental impact. Moreover, the push from governments for improved air quality and reduced dependency on polluting energy sources encourages the adoption of gas over other fossil fuels, indirectly boosting the market for gas meters. These factors, combined with ongoing innovations in metering technology and data analytics, are setting a dynamic growth trajectory for the gas meter industry.
The growth in the gas meter market is driven by several factors, including technological advancements, regulatory policies, and shifts in consumer behavior. The increasing adoption of smart home technologies has led to higher demand for smart gas meters, which are compatible with home automation systems and offer consumers real-time insights into their energy consumption. Additionally, the global expansion of natural gas infrastructure in emerging economies creates a vast demand for new installations of gas meters, which are needed to ensure accurate billing and efficient gas distribution.
Regulatory frameworks across the world are also compelling utilities to upgrade their metering infrastructure to comply with new standards aimed at enhancing energy efficiency and reducing environmental impact. Moreover, the push from governments for improved air quality and reduced dependency on polluting energy sources encourages the adoption of gas over other fossil fuels, indirectly boosting the market for gas meters. These factors, combined with ongoing innovations in metering technology and data analytics, are setting a dynamic growth trajectory for the gas meter industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Basic Gas Meters segment, which is expected to reach US$4.0 Billion by 2030 with a CAGR of a 3.9%. The Smart Gas Meters segment is also set to grow at 5.8% CAGR over the analysis period.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Gas Meters Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Gas Meters Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Gas Meters Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ 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 CGI, Inc., Badger Meter, Inc., Apator SA (Apator Group), 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):
- CGI, Inc.
- Badger Meter, Inc.
- Apator SA (Apator Group)
- Diehl Metering GmbH
- Advanced Electronics Company
- Diehl Stiftung & Co. KG (Diehl Group)
- AddGroup
- Chongqing Shancheng Gas Equipment Co., Ltd.
- Dandong Dongfa (Group) Co., Ltd.
- British Gas
- China Minsen Meter Co., Ltd.
- EKM Metering Inc.
- AEM SA
- Aichi Tokei Denki Co., Ltd.
- Azbil Kimmon 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
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- CGI, Inc.
- Badger Meter, Inc.
- Apator SA (Apator Group)
- Diehl Metering GmbH
- Advanced Electronics Company
- Diehl Stiftung & Co. KG (Diehl Group)
- AddGroup
- Chongqing Shancheng Gas Equipment Co., Ltd.
- Dandong Dongfa (Group) Co., Ltd.
- British Gas
- China Minsen Meter Co., Ltd.
- EKM Metering Inc.
- AEM SA
- Aichi Tokei Denki Co., Ltd.
- Azbil Kimmon Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 273 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 3.9 Billion |
| Forecasted Market Value ( USD | $ 5.3 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
