2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Major Market Drivers Are Expected to Boost the Growth Potential of the Smart Gas Market?

The smart gas market is projected to grow due to the heightened use of natural gas. Natural gas, which is a combination of gases rich in hydrocarbons, is frequently used in residential and commercial settings for functions such as heating, cooking, refrigeration, drying clothing, and providing outdoor lighting. Smart gas is incorporated into natural gas infrastructure to garner critical data and analytics which aids in decision-making processes. It assists in detecting harmful gases, measuring oxygen levels, preventing fire hazards, protecting against pipe corrosion, and managing risks to improve the natural gas distribution network. As an example, a report from the US Energy Information Administration in November 2022 revealed that in 2021, the United States consumed an approximate 30.66 trillion cubic feet (Tcf) of natural gas, equivalent to around 31.73 quadrillion British thermal units (quads), making up 32% of total US energy consumption. Moreover, it’s predicted that in 2022, industrial use of natural gas will constitute approximately 26% of total US natural gas consumption. Industrial natural gas consumption in the United States will see an increase of 3% in 2022, having risen by 2% in 2021, exceeding 23 billion cubic feet per day, surpassing the previous year. Consequently, the growing use of natural gas is fuelling the expansion of the smart gas market.

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#What Long-Term Growth Rate is Expected for theSmart Gas Market Between 2025 and 2034?

In recent times, the smart gas market has expanded considerably. The market, which was worth $28.14 billion in 2024, is anticipated to increase to $32.5 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 15.5%. Factors such as regulatory policies, upgrading of infrastructure, pressures to reduce costs, environmental consciousness, and consumer demand for efficiency have contributed to this growth during the historic period.

In the forthcoming years, the size of the smart gas market is projected to expand significantly, reaching “$59.92 billion in 2029, with a compound annual growth rate (CAGR) of 16.5%. This surge through the forecasting period is due to factors such as IoT expansion, initiatives for smart cities, the integration of renewable energy, the worldwide energy shift, and solutions for energy management. The forecast period will see trends like advanced metering infrastructure (AMI), the use of data analytics and artificial intelligence, increased cybersecurity precautions, the incorporation of renewable gas, the application of blockchain technology, and smart city initiatives.

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What Are the Key Market Innovations in theSmart Gas Market Over the Coming Years?

The adoption of technological advancements is becoming a predominant trend in the smart gas industry. A majority of the entities in this market are integrating new technologies to maintain their competitiveness. An illustration of this in July 2022 would be Hestan Cue, an American smart cookware products manufacturer. They unveiled the Hestan Smart Gas burner, a pioneering smart gas solution that automatically adjusts to the precise temperature required for accurate gas cooking, facilitated by temperature monitoring. This technology comes with Bluetooth capabilities and distinctive culinary sensors built-in, enabling it to automatically modify cooking temperature once the AccuKnob on the stove is adjusted to the correct degree. It is equipped with a high-performing dual-flow gas system heatable in 25-degree increments, with a range of 100 to 500 degrees Fahrenheit.

Who Are the Top Companies Driving Innovation and Growth in theSmart Gas Market?

Major companies operating in the smart gas market include General Electric Company, Itron Inc, Schneider Electric SE, ABB Group, Landis+Gyr Inc, Oracle Corporation, Elster Group SE, Xylem Brand, Aclara Technologies LLC, Cap Gemini S.A, Diehl Stiftung and Co.KG, Silver Spring Networks Inc, Sensus USA Inc, Verizon Communications Inc., Badger Meter Inc., Consultants to Government and Industry Incorporated, Holley Technology Ltd., KROHNE Messtechnik GmbH, OSIsoft LLC, Capgemini SE, Siemens AG, Suez SA, Xylem Inc., Tieto Corporation, Yokogawa Electric Corporation, International Business Machines Corporation, Azbil Corporation, I2O Water Ltd.

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Which Key Market Segments Comprise the Smart Gas Market and Drive Its Revenue Growth?

The smart gas market covered in this report is segmented –

1) By Device: Automatic Meter Reading (AMR), Advanced Meter Infrastructure (AMI)

2) By Solution: Supervisory Control And Data Acquisition (SCADA), Geographical Information System (GIS), Enterprise Asset Management, Mobile Workforce Management (MWM), Meter Data Analytics, Gas Leak Detection, Meter Data Management (MDM)

3) By Service: System Integration, Program Management, Installation

4) By End-User: Commercial And Industrial, Residential

Subsegments:

1) By Automatic Meter Reading (AMR): Mobile AMR Systems, Fixed Network AMR Systems

2) By Advanced Meter Infrastructure (AMI): Smart Gas Meters, Communication Networks, Data Management Software, Analytics And Reporting Tools

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Which Regions Are Emerging as Leaders in the Smart Gas Market?

North America was the largest region in the smart gas market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global smart gas market report during the forecast period. The regions covered in the smart gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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