Global Gas Meter Market Size, Drivers, Trends, Opportunities And Strategies – Includes Gas Meter Market Share
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Rapid industrialization is likely to boost innovation in gas metre production, propelling the market during the forecast period.
The global gas meter market is expected to grow from $4.43 billion in 2022 to $4.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The global gas meter market size is expected to reach $6.23 billion in 2027 at a CAGR of 7.0%.
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Global Gas Meter Market Segments Include:
- By Type: Turbine Gas Meter, Ultrasonic Gas Meter, Diaphragm Gas Meter, Rotary Gas Meter, Other Types
- By Technology: Smart And Automated, Conventional
- By End User: Residential, Commercial, Industrial
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global gas meter market in 2021.
Major Market Players in the gas meter market include Itron Inc., Landis+Gyr Corporation, ABB Ltd., Aclara Technologies LLC, Badger Meter Inc., Honeywell International Inc., Apator SA, General Electric Company, Elster Group SE.
Technological developments are a major trend that is gaining traction in the gas metre industry. To expand their market position, major players in the gas metre market are focusing on producing advanced products. For example, Itron Inc., a US-based technology company that provides solutions and services for energy and water resource management, unveiled the Itron Intelis gFlex prepaid gas metre in November 2022. It is a next-generation metre that combines modern ultrasonic solid-state measuring technology with Itron’s 30 years of experience in prepaid metering. Intelis gFlex, when incorporated into a simple-to-deploy SaaS system and managed through various combinations of vending channels and credit transfer options, supports utilities in ensuring income and decreasing financial susceptibility. In addition to increasing cash conversion for utilities, the prepayment metre will improve customer satisfaction and reduce call centre congestion through a consumer site and mobile app for refilling and monitoring.
The Gas Meter Global Market Report 2023 provides a gas meter market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The gas meter market forecast analyzes gas meter market size, gas meter market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A gas metre is a device that measures the amount or rate of passage of a gas through a specific channel. They are necessary for accurate billing and energy usage monitoring.
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