Press release
Leading Growth Driver in the Gas Meter Market in 2025: Rapid Industrialization Sparks Growth Surge In The Gas Meter Market Driver's Influence
Gas Meter Market Size
The surge in swift industrial advancement is predicted to boost the expansion of the gas meter market in the future. Industrialization signifies the sweeping shift of a country's or region's economy towards mechanized manufacturing. The energy demand is notably influenced by industrial revolutions, much as the consumption of natural gas and oil keeps surging. Simultaneous urbanization and industrial advancements, especially with government support, particularly in evolving regions, are likely to offer advantages to regional as well as global gas meter market sectors. For instance, as cited in a report released by the United Nations Industrial Development Organization (UNIDO), a UN-affiliated agency located in Austria which aids countries with economic and industrial growth, there was a 3-4% increase in global manufacturing production in the last quarter of 2022, released in March 2023. Therefore, the surge in swift industrialization is expected to drive the expansion of the gas meter market.
Get Your Gas Meter Market Report Here:
https://www.thebusinessresearchcompany.com/report/gas-meter-global-market-report
What is the future CAGR of the gas meter market, and how will it impact industry expansion?
In the past few years, the gas meter market has witnessed substantial growth. The size of the market, which was valued at $5.06 billion in 2024, is expected to increase to approximately $5.42 billion in 2025. This represents a compound annual growth rate (CAGR) of 7.0%. The growth experienced in the historical period can be traced back to the robust economic surge in emerging markets, escalated levels of industrialization, amplified safety apprehensions, and the aging infrastructure of the gas distribution frameworks.
The gas meter industry is projected to experience significant expansion in the upcoming years, reaching a market value of $7.25 billion by 2029, with a compound annual growth rate (CAGR) of 7.6%. This predicted surge during the forecast period is due to factors such as accelerated urbanization, increased government backing, and a rise in the consumption of natural gas. Key market trends projected during this period involve the implementation of IoT for enhanced data analysis and forward-looking maintenance, introducing new gas meters designed for effective gas distribution, the advent of prepay gas meters to aid consumers in effectively managing their budgets, and a concentrated effort on partnerships and collaborations to devise intelligent metering solutions.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9947&type=smp
What are the most significant trends transforming the gas meter market today?
The rise of technological advancements is an emerging trend in the gas meter market, with major industry players creating cutting-edge products to solidify their presence in the market. For example, in November 2022, Itron Inc., a US tech company that specializes in energy and water resource management, launched the Itron Intelis gFlex prepayment gas meter. This contemporary meter merges ultrasonic solid-state measuring technology with Itron's extensive 30-year experience in prepaid metering. This new product, incorporated into a user-friendly SaaS system and managed through different combinations of dispensing channels and money transfer options, helps utility providers secure their revenue and reduce fiscal risks. Beyond accelerating cash flow for utilities, the prepayment meter also helps to improve customer satisfaction and decrease call center traffic via a user site and mobile application for refill and tracking.
Which key market segments comprise the gas meter market and drive its revenue growth?
The gas meter market covered in this report is segmented -
1) By Type: Turbine Gas Meter, Ultrasonic Gas Meter, Diaphragm Gas Meter, Rotary Gas Meter, Other Types
2) By Technology: Smart And Automated, Conventional
3) By End User: Residential, Commercial, Industrial
Subsegments:
1) By Turbine Gas Meter: Industrial Turbine Gas Meters, Commercial Turbine Gas Meters
2) By Ultrasonic Gas Meter: Compact Ultrasonic Gas Meters, Multi-Path Ultrasonic Gas Meters
3) By Diaphragm Gas Meter: Residential Diaphragm Gas Meters, Industrial Diaphragm Gas Meters
4) By Rotary Gas Meter: Positive Displacement Rotary Gas Meters, Multi-Jet Rotary Gas Meters
5) By Other Types: Coriolis Gas Meters, Vortex Gas Meters
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9947
What regions are at the forefront of gas meter market expansion?
Asia-Pacific was the largest region in the gas meter market in 2024. The regions covered in the gas meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the gas meter market?
Major companies operating in the gas meter market include 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
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9947&type=smp
What Is Covered In The Gas Meter Global Market Report?
• Market Size Forecast: Examine the gas meter market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the gas meter market for a structured understanding.
• Key Players Overview: Analyze major players in the gas meter market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gas meter market.
• Segment Contributions: Evaluate how different segments drive overall growth in the gas meter market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gas meter market.
• Industry Challenges: Identify potential risks and obstacles affecting the gas meter market.
• Competitive Landscape: Review strategic developments in the gas meter market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Leading Growth Driver in the Gas Meter Market in 2025: Rapid Industrialization Sparks Growth Surge In The Gas Meter Market Driver's Influence here
News-ID: 3900859 • Views: …
More Releases from The Business Research Company
Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Diamond Market Through 2025?
In the past few years, there has been a stable expansion in the diamond market size. The prediction is it will increase from $1.33 billion in 2024 to $1.39 billion in 2025, boasting a compound annual growth rate…
2025-2034 Nonmetallic Minerals Mining Support Activities Market Outlook: Key Dri …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Nonmetallic Minerals Mining Support Activities Industry Market Size Be by 2025?
In the past few years, there has been a robust expansion in the size of the nonmetallic minerals mining support activities market. It is projected to escalate from $34.04 billion in 2024 to $36.55 billion…
Professional Street Sweeper Industry Outlook 2025-2029: Market Set to Cross $3.1 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Professional Street Sweeper Market Size By 2025?
The market size of professional street sweepers has seen significant expansion in the past few years. The market, predicted to rise from $2.37 billion in 2024 to $2.5 billion in 2025, boasts a compound annual growth rate (CAGR)…
Key Trends Reshaping the Industrial Wet Dust Collector Market: Advanced Filtrati …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Industrial Wet Dust Collector Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a robust growth in the size of the industrial wet dust collector market. It is expected to swell from $1.89 billion in 2024 to $2 billion by 2025, showing a…
More Releases for Meter
Smart Meter Market Set for Explosive Growth| Secure Meter, Kamsturp, Itron
Market Research Forecast published a new research publication on "Smart Meter Market" with 230+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Smart Meter market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in the study…
Flow Meter Market Looks Ready For Takeoff: ABB, Badger Meter, Flexim
The Latest Released Global Flow Meter market study has evaluated the future growth potential of Global Flow Meter market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential…
Ultrasonic Water Meter Market Ultrasonic Water Meter Market
The proposed Ultrasonic Water Meter Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.
The Ultrasonic Water Meter Market sample report…
Water Meter Market 2021 Growing Demand, Size and Business Outlook- Ningbo Water …
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Water Meter market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.
The Water Meter Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and…
Smart Gas Meter Market Outlook 2017- Trilliant, Sensus, Billion, Wasion, Meter I …
A market study ” Global Smart Gas Meter Market ” examines the performance of the Smart Gas Meter market 2017. It encloses an in-depth Research of the Smart Gas Meter market state and the competitive landscape globally. This report analyzes the potential of Smart Gas Meter market in the present and the future prospects from various angles in detail.
The Global Smart Gas Meter Market 2017 report includes Smart Gas Meter…
Global Smart Meter Market (Electricity, Gas, Water): By Type - Smart Electricity …
MarketResearchReports.Biz adds “Global Smart Meter Market 2011 Share, Size, Trends and Forecast to 2022 Market Research Report” reports to its database. This report provides a strategic analysis of the Smart Meter market and the growth estimates for the forecasted period.
Global rise in energy demand along with the emerging trends in smart grid technologies, integration, and advanced infrastructure along with IoT (Internet of Things) has led to the growth of Smart…
