Smart Gas Meter Market Based on the technology (Automated Meter Reading (AMR), and Advanced Metering Infrastructure (AMI)), Based on the type (Smart Ultrasonic Gas Meter, and Smart Diaphragm Gas Meter), Based on the component (Hardware, and Software) By End User (Residential, Commercial, and Industrial) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and America – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Smart Gas Meter Market Overview

Gas metres make it simple to see how much energy is being used, avoiding unexpected usage and allowing for monthly reporting. Such advantages provided by smart gas metres are likely to appeal to the market, pushing the bright gas metering market patterns in the forecast year. As a result, smart gas metres monitor the critical parameters such as strain, volume, and temperature of the gas in transit. This is due to the growing need for energy for personal, modern, and commercial purposes. However, gas is a requirement in every family for many uses such as room heating, water heating, cooking, and so on.

The installation of smart gas metres in modern, business, and private areas is the next step in ensuring that everyone has access to gas. The smart gas metre market has been driven into the global GDP by legislative rules and agreements. In addition, the global smart gas metre market is growing by double in recent years due to an increase in health concerns and regulations.

Market Size

According to Business Intelligence Insights “Smart Gas Meter Market is expected to grow from USD 1,969.40 million in 2021 to USD 2800.68 million by 2030, at a CAGR of 4.50% during the forecast period 2022-2030

Covid -19 Impact Analysis

The primary effect seen by many smart metre manufacturers at the start of the flare-up was supply concerns due to stopped production. Lockdown measures, needless organisations, and a lack of interest in the private, business, and modern usage of smart gas metres have all contributed to the decline. As a result, the production and supply of smart gas metres has started to return. Deals have started to recover for a select manufacturers. Despite the fact that the COVID-19 epidemic has forced a few major smart metering enterprises to temporarily halt field activity, the market is likely to remain strong, with the total number of smart gas metre shipments being mostly unaffected north of three years. Regardless of the economic situation,

Market Dynamics

•    Drivers

o    Government rollouts
o    Growing investment in smart grid projects

•    Restraints
o    Concerns pertaining to data privacy & security and consumer health

Segmentation Insights

By End-User:

In the end-user category, the residential dominated the market with more than 37.50% of the market share

The residential segment held the biggest portion of the smart gas meter market, by end client in 2021. The market is expected to be driven by a growing focus on energy efficiency. Created domains, such as Europe and North America, are supplying smart gas metres to a large market, which is assisting the industry's growth.

By Technology:

In the technology category, the automated meter reading (AMR) dominated the market with more than 48% of the market share

The automated meter reading (AMR) portion is evaluated to lead the smart gas meter market during the measure time span. The requirement for robotized grouping of metre readings without actual examination drives the market for magnificent gas metres. Given the expanding foundation of brilliant gas metre in private, business, and current end client, Asia Pacific is expected to have the largest share of the smart gas metre market, followed by Europe.

Based on the technology:
•    Automated Meter Reading (AMR) 
•    Advanced Metering Infrastructure (AMI)

Based on the type:
•    Smart Ultrasonic Gas Meter 
•    Smart Diaphragm Gas Meter

Based on the component:
•    Hardware 
•    Software

By End-User
•    Residential 
•    Commercial 
•    Industrial

By Region
•    North America
o    U.S.
o    Canada
•    Europe
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe
•    Asia Pacific
o    China
o    India
o    Japan
o    Rest of Asia Pacific
•    Latin America
o    Brazil
o    Mexico
o    Rest of Latin America
•    Middle East and Africa
o    UAE
o    South Africa
o    Rest of Middle East and Africa (MEA)

Key Players

•    Landis+Gyr, 
•    Itron, 
•    Honeywell International, 
•    Apator Group, 
•    Diehl Metering, 
•    Sensus (Xylem), 
•    EDMI, 
•    Raychem RPG, 
•    CHINT, 
•    ZENNER, 
•    Master Meter, 
•    Aclara Technologies 
•    others

Regional Insights

China dominated the market with more than 47% of the market share

China is the biggest developing business sector in the region. The nation is currently driving new interest in smart network innovations. In light of the massive transformation occurring in the country's energy sector, China has figured out how to become a key buyer of smart lattice innovation. The country's planned sustainable energy strategy will necessitate significant smart framework developments. The demand for the brilliant framework market is also supported by China's focus on adopting energy efficiency, resulting in increased demand in the smart gas metre industry. With the popularity of China's electric metre market, the company is aiming to recreate something very similar by integrating digital gas metres across the country.