Smart Gas Meter Market: Current Analysis and Forecast (2021-2027)

Governments around the world are implementing policies to promote renewable energy sources and smart metering solutions to decrease and keep a track on overall energy consumption. Owing to increased government spending and digitalization of energy sector market for smart metering solutions including smart gas meter is expected to grow at a rapid pace in the coming few years. Data collected by smart gas meter is used to monitor the behavior of residential consumers. According to US EIA and European Union, continuous tracking of utility consumption by smart gas meters can expose other information about residential consumers, such as the use of household appliances and house-work activities. Furthermore, Smart gas meters can also be used as an infrastructure for mass surveillance. In August 2020, Apator SA’s subsidiary Apator Metrix SA and George Wilson Industries Ltd. Partnered with Flonidan A/S (Denmark) to supply gas meters for the UK market for the period 2020-2025. Further, in the same year, Landis+Gyr partnered with Hongkong Electric Co., Ltd. (HK Electric) to offer AMI to support Hong Kong’s transformation into a smart city. Under the contract the company would deploy Landis+Gyr’s Gridstream solution platform comprising Landis+Gyr smart meters, communications infrastructure, head-end system, and meter data management system.
Insights Presented in the Report
“Amongst technology, Automated Meter Reading (AMR) segment dominated the market in 2020.”
Based on technology the global smart meter market is bifurcated into Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). Currently, Automated Meter Reading (AMR) segment dominate the market and is expected to maintain its dominance during the forecast period.
“Amongst type, Smart Diaphragm Gas Meter segment dominated the market in 2020.”
Based on type the global smart meter market is segmented into Smart Ultrasonic Gas Meter and Smart Diaphragm Gas Meter. In 2020, Smart Diaphragm Gas Meter segment dominated the market. Demand for Smart Diaphragm Gas Meter is expected to increase to cater to the increasing demand for gas among residential and commercial sector and to provide gas supply with high reliability.
“Amongst Component, Hardware segment generated highest revenue in 2020.”
Based on component, the market is bifurcated into Hardware and software component. Hardware segment dominated the market in 2020. Increasing demand for precise gas meter is expected to drive the market. Furthermore, smart gas meter manufactures are focusing more on reducing the hardware component with high level of system integration and simplifying design, this would further accelerate the market growth.
“Amongst End-user, residential sector deployed maximum number of Smart Gas meter in 2020.”
Based on end-user the market is bifurcated into residential, commercial, and industrial end-users. Currently residential segment dominates the market and is expected to maintain its dominance during the analyzed period. Developing countries in the North America and European region are deploying smart gas meter on large scale in the households, this would further drive the market for residential smart gas meter.
“Asia-Pacific represents as the largest markets in the Global Smart Gas Meter Market.”
For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, France, Netherlands, Spain, United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. North America dominated the market in 2020, owing to large scale adoption and deployment of smart metering solutions in countries such as US and Canada. Some of the major players operating in the market include Landis+Gyr, Itron, Honeywell International, Apator Group, Diehl Metering, Elster Group, Southern California, DTE Energy, American Gas Association, Badger Meter.
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• Deep dive country level analysis of the industry
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