Gas Meter Market Report 2026

The gas meter market size has grown strongly in recent years. It will grow from $5.34 billion in 2025 to $5.7 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to expansion of urban gas distribution networks, regulatory focus on accurate billing, increased residential gas connections, deployment in commercial facilities, replacement of legacy metering systems.

The gas meter market size is expected to see strong growth in the next few years. It will grow to $7.6 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing rollout of smart city projects, growing demand for real-time consumption data, expansion of IoT-enabled utility infrastructure, rising focus on energy efficiency monitoring, integration with digital billing platforms. Major trends in the forecast period include increasing adoption of smart gas meters, expansion of advanced metering infrastructure, rising demand for accurate energy monitoring, integration of remote meter reading technologies, enhanced data security in metering systems.

The rising consumption of natural gas is expected to drive growth in the gas meter market. Natural gas, a clean-burning fossil fuel, is widely used for residential, commercial, and industrial energy needs. Increasing reliance on gas-based energy systems for electricity generation and industrial operations is boosting demand for accurate metering solutions to monitor supply and manage revenue efficiently. For example, in May 2025, Eurostat reported that inland demand for natural gas in the EU increased by 0.6% in 2024 compared with 2023, reaching 12,802,111 terajoules, with Greece experiencing the largest rise at 31.3%. Therefore, the growing consumption of natural gas is propelling the gas meter market.

Key companies in the gas meter market are focusing on hydrogen-capable metering to enhance sustainability, fuel transition flexibility, and cost efficiency. Hydrogen-capable meters can accurately measure hydrogen or hydrogen-natural gas blends, enabling utilities to transition fuels without replacing existing infrastructure. For instance, in November 2023, Honeywell International Inc., a U.S.-based industrial technology company, launched the EI5 smart gas meter, a hydrogen-capable diaphragm meter designed for dual-fuel measurement (natural gas and 100% hydrogen). The EI5 meter supports safety and accuracy under hydrogen conditions, reduces the need for future replacements, and ensures operational sustainability for utility gas networks.

In July 2023, QIC Infrastructure, an Australia-based investment company, acquired a 50% stake in Vector Metering for AU$1.6 billion (US$1.1 billion), solidifying its position in the smart metering market. This acquisition reflects the increasing demand for smart meters as households seek more efficient energy consumption management. Vector Metering, an Australia-based provider of smart gas and electricity meters, is expected to play a pivotal role in QIC Infrastructure's strategic endeavors in the evolving gas meter market.

Major companies operating in the gas meter market are Honeywell International Inc, Siemens AG, Emerson Electric Co., Endress + Hauser, Apator SA, Landis + GYR Group AG, ABB Ltd, Badger Meter Inc, EDMI Limited, Smartmeters Technologies Pvt. Ltd, Genesis Gas Solutions Private Limited, Secure Meters Limited, Tokyo Gas Meter Co., Ltd, Chugoku Gas Meter Co., Ltd, Aichi Tokei Denki Co. Ltd, AES Smart Metering Ltd, PROLA SA, KROHNE, Mac Instruments, Bopp & Reuther, Kinequip Inc, Intellimeter Canada Inc, Norgas Controls, Metercor, FGS Brasil Ind Com Ltda, Itron Solucoes Para Energia E Agua Ltda, Fluenta, KopaGas Ltd.

Asia-Pacific was the largest region in the gas meter market in 2025. The regions covered in the gas meter market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gas meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The gas meter market consists of sales of gas meters differentiated by operating principles such as displacement, velocity, head, thermal, acoustic, and tracer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.