Smart Gas Meter Market Surpasses USD 6.5 billion in 2023, Propelling Towards 6% CAGR through 2030

How big is the Global Smart Gas Meter market?

According to MarkNtel Advisors study, The Global Smart Gas Meter Market size was valued at around USD 6.5 billion in 2023 and is estimated to grow at a CAGR of about 6% during the forecast period, i.e., 2024-30.

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Global Smart Gas Meter Market Driver:

Shift Towards Clean Energy to Supplement Smart Gas Meter Deployment – The growing preference for cleaner energy sources has led to heightened natural gas demand across diverse end-user sectors. This increased demand, supported by governmental initiatives to bolster gas utilization, has been a driving force behind the Smart Gas Meter Market’s expansion.

Moreover, as per a Smart Energy GB survey on energy consumption in the UK, 86% of households equipped with smart meters have significantly adjusted their energy-saving habits. These behavioral shifts in energy consumption play a pivotal role in reducing energy emissions, thereby fostering growth in the market. Consequently, numerous suppliers are now advocating smart meter installations, often coupled with tailored tariff plans for residential usage, instigating market growth.

Leading Companies in the Global Smart Gas Meter market:

• Itron
• Elster
• Pietro Fiorentini
• Landis+Gyr
• AEM
• Meter Italia
• Flonidan
• Yazaki
• Secure
• Aichi Tokei Denki

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Global Smart Gas Meter Market Segmentation:

By Technology

• Automated Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
• Standard (non-AMR/AMI) Meters

During the forecast period, the Automated Metering Infrastructure (AMI) segment is expected to be the fastest-growing sector within the Smart Gas Meter Market.

Regional/ Countries Insight:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Europe dominates the Smart Gas Meter Market, with the UK leading among European nations due to robust government initiatives supporting widespread energy meter deployment.

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