Smart Gas Meter Global Market Report 2022 – By Type (Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter), By Component (Hardware, Software), By Technology (Automated Meter Reading (AMR), Advanced Metering Infrastructure (AMI)), By Application (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2022-2026

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The smart gas meter market consists of sales of smart gas meters by entities (organizations, sole traders, and partnerships) that are used to measure how much energy is used in the industry and what it costs. It also provides automatic meter readings. A smart gas meter refers to an electronic device that records information such as consumption of electricity, voltage levels, current, power factor, and gas usage. This helps in providing information to the consumer, which helps to get greater clarity on the consumption and usage of gas.

The main types of smart gas meters are smart ultrasonic gas meters and smart diaphragm gas meters. A Smart ultrasonic gas meter is a small static gas meter that uses ultrasonic measurement for the measurement of energy in residential areas where gas is used as a source of energy. The different components include hardware and software, which comprise various techniques such as automated meter reading (AMR), and advanced metering infrastructure (AMI). The several applications include residential, commercial, and industrial.

The smart gas meter market research report is one of a series of new reports from The Business Research Company that provides smart gas meter market statistics, including global market size, regional shares, competitors with a smart gas meter market share, detailed smart gas meter market segments, market trends and opportunities, and any further data you may need to thrive in the smart gas meter industry. This smart gas meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global smart gas meter market size is expected to grow from $3.38 billion in 2021 to $3.73 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The global smart gas meter market size is expected to grow to $4.87 billion in 2026 at a CAGR of 6.9%.

The supporting government policies are expected to propel the growth of the smart gas meter market going forward. Government policies are the initiatives or policies issued by the government of any country concerning the growth of a particular market. Many government policies are designed by different governments in support of smart gas meters. Through these policies, the government provides smart gas meters for customers at subsidy rates. For instance, according to the Department for Business, Energy, and Industrial Strategy, a UK-based government department, in the year 2019, the UK government started the Smart Meter Implementation Program. This program aims to replace more than 53 million conventional energy and gas meters in over 30 million residential properties by 2020. Therefore, rising demand for the smart gas meter by government initiatives drives the smart gas meter market.

Partnerships and collaborations between the companies are the latest trends gaining popularity in the smart gas meter. Major companies operating in the smart gas meter market are entering into partnerships and collaborations to sustain their business in the market. For instance, in April 2020, Landis+Gyr, a Germany-based company that manufactures smart gas meters, collaborated with Hongkong Electric Co., Ltd. This agreement aims to make Hong Kong into a smart city by installing gas meters in households. Hongkong Electric Co. is a government organization that deals with the supply of power and gas all over Hongkong. Moreover, in May 2020, Itron Inc., a US-based company that manufactures products related to the smart grid, smart gas meter, and smart water, collaborated with EDMI Limited to develop and launch a SMETS2-compliant gas meter in the United Kingdom. EDMI Limited is a Japan-based company that provides solutions for smart meters.

In August 2021, Adani Total, an India-based company that manufactures petroleum, gas-related products, and smart gas meters, acquired Smartmeters Technologies Pvt Ltd for a deal amount of US $128,700 (1 crore). The acquisition strengthens Adani Total's ability to produce smart gas meters, which helps to develop prepaid smart meters. Smartmeters Technologies Pvt Ltd is an India-based company that manufactures smart measuring instruments such as prepaid smart gas meters and allied goods with end-to-end solutions.

Major players in the smart gas meter market are Cisco Systems Inc., SmartSpace Software Plc, Eutech Cybernetic Pte. Ltd, Hitachi Vantara Corporation, Huawei Technologies Co. Ltd, International Business Machines Corporation (IBM), Schneider Electric SE, Siemens AG, Adappt, Spacewell, ABB, ICONICS, Ubisense, Smarten Space, Avnet Inc. (Softweb Solutions Inc.), ReelyActive, and Microsoft Corporation.

Europe was the largest region in the smart gas meter market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global smart gas meter market during the forecast period. The regions covered in the global smart gas meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the smart gas meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The global smart gas meter market is segmented -

1) By Type: Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter

2) By Component: Hardware, Software

3) By Technology: Automated Meter Reading (AMR), Advanced Metering Infrastructure (AMI)

4) By Application: Residential, Commercial, Industrial

    Table Of Contents

    1. Executive Summary

    2. Smart Gas Meter Market Characteristics

    3. Smart Gas Meter Market Trends And Strategies

    4. Impact Of COVID-19 On Smart Gas Meter

    5. Smart Gas Meter Market Size And Growth

    5.1. Global Smart Gas Meter Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Smart Gas Meter Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Smart Gas Meter Market Segmentation

    6.1. Global Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Smart Ultrasonic Gas Meter

    Smart Diaphragm Gas Meter

    6.2. Global Smart Gas Meter Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Hardware

    Software

    6.3. Global Smart Gas Meter Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Automated Meter Reading (AMR)

    Advanced Metering Infrastructure (AMI)

    6.4. Global Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Residential

    Commercial

    Industrial

    7. Smart Gas Meter Market Regional And Country Analysis

    7.1. Global Smart Gas Meter Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Smart Gas Meter Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Smart Gas Meter Market

    8.1. Asia-Pacific Smart Gas Meter Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Smart Gas Meter Market

    9.1. China Smart Gas Meter Market Overview

    9.2. China Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Smart Gas Meter Market

    10.1. India Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Smart Gas Meter Market

    11.1. Japan Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Smart Gas Meter Market

    12.1. Australia Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Smart Gas Meter Market

    13.1. Indonesia Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Smart Gas Meter Market

    14.1. South Korea Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Smart Gas Meter Market

    15.1. Western Europe Smart Gas Meter Market Overview

    15.2. Western Europe Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Smart Gas Meter Market

    16.1. UK Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Smart Gas Meter Market

    17.1. Germany Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Smart Gas Meter Market

    18.4. France Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Smart Gas Meter Market

    19.1. Eastern Europe Smart Gas Meter Market Overview

    19.2. Eastern Europe Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Smart Gas Meter Market

    20.1. Russia Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Smart Gas Meter Market

    21.1. North America Smart Gas Meter Market Overview

    21.2. North America Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Smart Gas Meter Market

    22.1. USA Smart Gas Meter Market Overview

    22.2. USA Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Smart Gas Meter Market

    23.1. South America Smart Gas Meter Market Overview

    23.2. South America Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Smart Gas Meter Market

    24.1. Brazil Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Smart Gas Meter Market

    25.1. Middle East Smart Gas Meter Market Overview

    25.2. Middle East Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Smart Gas Meter Market

    26.1. Africa Smart Gas Meter Market Overview

    26.2. Africa Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Smart Gas Meter Market Competitive Landscape And Company Profiles

    27.1. Smart Gas Meter Market Competitive Landscape

    27.2. Smart Gas Meter Market Company Profiles

    27.2.1. Cisco Systems Inc

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. SmartSpace Software Plc

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Eutech Cybernetic Pte. Ltd

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Hitachi Vantara Corporation

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Huawei Technologies Co. Ltd

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Smart Gas Meter Market

    29. Smart Gas Meter Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Smart Gas Meter Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Smart Gas Meter Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Smart Gas Meter Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Smart Gas Meter Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: Asia-Pacific, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: China, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: India, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Japan, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Australia, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Indonesia, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: South Korea, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Western Europe, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: UK, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: Germany, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: France, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Eastern Europe, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: Russia, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: North America, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: USA, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: South America, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Brazil, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Middle East, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Smart Gas Meter Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Africa, Smart Gas Meter Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 47: Cisco Systems Inc Financial Performance
  • Table 48: SmartSpace Software Plc Financial Performance
  • Table 49: Eutech Cybernetic Pte. Ltd Financial Performance
  • Table 50: Hitachi Vantara Corporation Financial Performance
  • Table 51: Huawei Technologies Co. Ltd Financial Performance

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