Press release
Growing Global Gas Meter Market: A Deep Dive into its Market Size, Key Players, and Trends
Gas Meter Market Size
What Is The Projected Market Size Of The Global Gas Meter Market And Its Growth Rate?
• The global gas meter market grew from $5.06 billion in 2024 to $5.42 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%.
• This growth can be attributed to strong economic growth in emerging markets, increasing industrialization, safety concerns and aging infrastructure of gas distribution networks.
• The gas meter market size is expected to continue its growth, and is projected to reach $7.25 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%.
• The market growth in the forecasted period is fueled by rapid urbanization, government support, and growing consumption of natural gas.
What Is Driving The Growth In The Gas Meter Market?
The rise in rapid industrialization significantly contributes to the growth of the gas meter market. Transforming an economy toward mechanized manufacturing through industrialization drastically impacts energy demand and consequently, the consumption of oil and natural gas increases. With rapid urbanization and industrialization, especially in developing regions, combined with government initiatives promoting the same, the gas meter market is expected to see significant growth. For instance, in March 2023, the United Nations Industrial Development Organization reported a year-on-year increase in manufacturing production by 3-4% in Q4 2022. This rise in rapid industrialization is expected to be a driving force for the gas meter market.
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Who Are the Key Players Driving Gas Meter Market Growth?
• Honeywell International Inc
• Xylem Inc
• Siemens AG
• Emerson Electric Co.
• Endress + Hauser
• Apator SA
• Landis + GYR Group AG
• ABB Ltd
• Badger Meter Inc
• EDMI Limited
• Panasonic Holdings Corporation
• Smartmeters Technologies Pvt. Ltd
• Genesis Gas Solutions Private Limited
• Secure Meters Limited
• Schneider Electric India
• Rihtek Automation Pvt. Ltd
• Tokyo Gas Meter Co., Ltd
• Chugoku Gas Meter Co., Ltd
• Aichi Tokei Denki Co Ltd
• AES Smart Metering Ltd
• British Gas Metering Operations
• E.ON
• EDF Energy
• Energy Assets Ltd
• IMServ Europe Ltd
• Jersey Electricity
• Lowri Beck Services Ltd
• PROLA SA
• ENVEA
• KROHNE
• Furness Controls
• Mac Instruments
• Bopp and Reuther
• Kinequip Inc
• Intellimeter Canada Inc
• Norgas Controls
• Metercor
• Fgs Brasil Ind Com Ltda
• Itron Solucoes Para Energia E Agua Ltda
• Agilent Technologies Brasil Ltda
• Buzas Industria E Comercio Ltda
• Fluenta
• KopaGas Ltd
• MaasaraGazz Metro
What Are The Key Trends In The Gas Meter Market?
• Integration of IoT for better data analytics and predictive maintenance
• Introduction of new and innovative gas meters for gas distribution
• Introduction of prepayment gas meters to help consumers manage budgets more effectively
• Focus on partnerships and collaborations to develop smart metering solutions
What Are The Segments Of The Global Gas Meter Market?
• Type: Turbine Gas Meter, Ultrasonic Gas Meter, Diaphragm Gas Meter, Rotary Gas Meter, Other Types
• Technology: Smart And Automated, Conventional
• End User: Residential, Commercial, Industrial
Which Region Leads The Gas Meter Market?
Asia-Pacific was the largest region in the gas meter market in 2024. Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa are all regions covered in the gas meter market report.
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What Is Covered In The Gas Meter Market Global Market Report?
- Market Size Analysis: Analyze the Gas Meter Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gas Meter Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gas Meter Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gas Meter Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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