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Gas Meter Market Estimated to Cross US$ 10 Bn by 2030

The global Gas Meter market size was reached at USD 5.7 billion in 2020 and is projected to surpass US$ 10 billion by 2030, expanding growth at a CAGR of 6.9% from 2021 to 2030.

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The global gas meter market is expected to be driven by growing gas consumption over the forecast period. These meters play a key role in measuring consumption across various application areas such as domestic, commercial, and industrial. Growing energy demand and environmental concerns have resulted in a shift towards natural gas consumption owing to its inherent characteristics.

Characteristics such as low emission, higher calorific value, and easier operability are presumed to play a key role in shaping the industry in the future. Such a shift in consumer trends is expected to aid the gas meter market over the next seven years. This results in low operating expenditures and easier data management across multiple departments.

Such advantages are expected to assist the global gas meter market over the forecast period. Meter data management systems provide a centralized data management system that incorporates consumption of various departments or utilities and makes it available for real-time decision-making. Such advantages are presumed to positively impact the market over the forecast period.

However, inability to manage large data volumes generated from smart gas meter is anticipated to hamper gas meter market growth and development. Transition from old to new intelligent ones results in added costs and integration difficulties for companies. Such hindrances are presumed to hamper industry growth and development.

Technological advances have resulted in the introduction of smart gas meter. R&D initiatives to develop superior innovative products in line with customer specifications and reduce manufacturing as well as operating costs offer many opportunities for the industry participants. Smart gas meters are not widely accepted across the end-use industries at present but are projected to witness rapid growth in the future. Such growth prospects offer abundant opportunities for gas meter market growth and development.

Report Highlights

The smart gas meter segment registered the significant gas meter market share in 2020. This is attributed to rise in demand for various gas meter in residential and commercial areas. Moreover, basic meter is cost-effective and suitable for wide range of applications.

Based on end user, the residential end user industry segment accounted for significant gas meter market size, owing to increase in residential power consumption. Due to economic developments and favorable government policies, the smart meters market witnessed a large demand in the residential sector; therefore, positively impacting the market growth.

Developed regions such as North America and Europe are projected to witness brisk growth owing to regulations that mandate companies to phase out old conventional meter and adopt new intelligent ones.

Asia-Pacific accounted for significant revenue share in 2020. Developing regions such as Asia Pacific, Middle East & Africa, and Central & South America are expected to witness brisk demand due to factors such as growing urbanization and government initiatives favoring industrialization. Rising energy demand and shift in customer preferences towards natural gas consumption are other key factors expected to positively impact the market over the forecast period.

Key Players

Major gas meter market participants include Elster Group SE, GE Energy Company, Sensus USA Inc., Itron Inc., ABB Ltd., Diehl Metering Group, Emerson Electric Co., Schneider Electric S.A., Badger Meter Inc., Endress+Hauser, Krohne Group, and Siemens A.G.

Report Coverage Details
Market Size US$ 10 Billion by 2030
Growth Rate CAGR of 6.9% from 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, End User
Regional Scope North America, Europe, Asia-Pacific, LAMEA
Companies Mentioned Elster Group SE, GE Energy Company, Sensus USA Inc., Itron Inc., ABB Ltd., Diehl Metering Group, Emerson Electric Co., Schneider Electric S.A., Badger Meter Inc., Endress+Hauser, Krohne Group, and Siemens A.G.

Market Segmentation

By Product Type 

  • Traditional Gas Meter
  • Smart Gas Meter

By End User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

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Research Methodology

The research methodology adopted by analysts for compiling the global gas meter market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global gas meter market.

Table of Contents

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Gas Meter Market, By Product

7.1. Gas Meter Market, by Product Type, 2021-2030

7.1.1. Traditional Gas Meter

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Smart Gas Meter

7.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Gas Meter Market, By Application

8.1. Gas Meter Market, by Application, 2021-2030

8.1.1. Residential

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Commercial

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Industrial

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Gas Meter Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

Chapter 10. Company Profiles

10.1. Elster Group SE

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. GE Energy Company

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Sensus USA Inc.

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Itron Inc.

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. ABB Ltd.

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Diehl Metering Group

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Emerson Electric Co.

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Schneider Electric S.A.

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Badger Meter Inc.

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. Endress+Hauser

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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