Smart Gas Meter Market
The global smart gas meters market reached US$2.2 billion in 2023 and is expected to reach US$3.6 billion by 2031, growing at a CAGR of 6.5% during the forecast period 2024-2031, according to DataM Intelligence.
United States: Recent Industry Developments
✅ In October 2025, Itron Inc. deployed 2 million advanced metering infrastructure (AMI) gas meters across major U.S. utilities with real-time leak detection capabilities.
✅ In September 2025, the Department of Energy allocated USD 1.2 billion for smart gas meter upgrades in rural and underserved communities.
✅ In August 2025, Honeywell International launched a new ultrasonic smart gas meter with a 20-year battery life and wireless connectivity.
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Europe: Recent Industry Developments
✅ In October 2025, Landis+Gyr secured a €500 million contract to replace 8 million conventional gas meters with smart meters across Germany.
✅ In September 2025, the European Union mandated smart gas meter installation in all new buildings by 2027 as part of its Green Deal initiative.
✅ In August 2025, Diehl Metering introduced a hybrid communication smart gas meter supporting both RF mesh and cellular networks.
Asia-Pacific: Recent Industry Developments
✅ In October 2025, Panasonic Corporation developed a compact smart gas meter with integrated safety shut-off valves for earthquake-prone regions.
✅ In September 2025, China’s National Development and Reform Commission approved a nationwide smart gas meter rollout targeting 100 million installations by 2028.
✅ In August 2025, Siemens AG partnered with Indian gas utilities to deploy 5 million smart meters across major metropolitan areas.
Market Trends & Drivers
The Smart Gas Meters Market is experiencing robust growth driven by government regulations for energy efficiency, increasing smart city projects, and rising demand for accurate billing and consumption monitoring. Key trends include the integration of IoT connectivity, development of ultrasonic metering technology, and advancement in data analytics platforms. The growing focus on reducing gas theft, improving pipeline safety, and enhancing customer experience through digital platforms are significantly accelerating market expansion.
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Competitive Landscape
The market features intense competition among metering technology companies, utility solution providers, and industrial automation firms.
1. Landis+Gyr Group AG leads in advanced metering infrastructure with comprehensive smart gas solutions.
2. Itron Inc. dominates in utility-grade smart meters and data management systems.
3. Honeywell International Inc. provides integrated smart gas metering solutions with safety features.
4. Diehl Metering GmbH specialises in hybrid communication meters and network management.
5. Apator SA focuses on smart gas metering solutions for European and emerging markets.
6. Siemens AG offers end-to-end smart meter solutions, including communication infrastructure.
7. Zenner International GmbH provides ultrasonic smart gas meters with long-term reliability.
8. Badger Meter, Inc. develops advanced measurement technologies for gas utilities.
9. Aclara Technologies LLC (Hubbell Incorporated) specialises in two-way communication smart meters.
10. Xylem Inc. (through its Sensus brand) offers smart metering solutions with analytics capabilities.
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Segmentation
By Reading (Circular Reading, Direct Reading)
By Type (Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter)
By Component (Hardware, Software)
By End-User (Residential, Commercial, Industrial)
Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (Germany, U.K., France, Italy, Spain, Netherlands, Rest of Europe)
⇥ Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
⇥ South America (Brazil, Argentina, Chile, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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