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Smart Gas Meter Market to Reach USD 3.6 Bn by 2031, Driven by IoT and Smart City Projects | Itron, Honeywell International, EDMI, Diehl Metering, ZENNER, Xylem Inc, Apator Group
Smart Gas Meter Market - DataM Intelligence
The Smart Gas Meter Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.
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Product Launches & Major Deals in 2025
✅ Polaris Smart Metering - India
In February 2025, Polaris Smart Metering secured a USD 59.6 million contract to supply one million NB-IoT-enabled smart gas meters to Think Gas in India. The deal includes AI-driven consumption insights and real-time dashboards. This positions Polaris as capturing around 50% of the domestic market.
✅ Honeywell - Global
In November 2023, Honeywell launched the EI5, the world's first 100% hydrogen-ready diaphragm smart gas meter, offering compatibility with both natural gas and pure hydrogen without changing existing infrastructure. While this predates 2025, it remains a significant recent innovation influencing current development trajectories.
✅ Apator Metrix - Europe
In 2024, Apator Metrix delivered over 150,000 iSMART2 smart gas meters equipped with Phoenix-RTOS firmware to several Belgian network operators under a USD 68.25 million project.
Smart Gas Meter Market Drivers:
Several key factors are fueling the growth of the smart gas meter market globally:
✅ Government Regulations & Policies
Regulatory mandates and energy efficiency directives are accelerating the shift from traditional to smart gas metering solutions.
✅ Energy Efficiency and Conservation Goals
Rising focus on optimizing energy use, reducing wastage, and enabling real-time monitoring is pushing utilities to adopt smart gas meters.
✅ Integration with Smart Grids & IoT
The expansion of smart grid infrastructure and IoT-enabled devices is enhancing demand for connected gas metering systems that support data analytics and predictive maintenance.
✅ Rising Urbanization & Smart City Initiatives
Rapid urban development and investments in smart city projects across Asia-Pacific, the Middle East, and Europe are driving large-scale installations.
✅ Consumer Demand for Transparency
Growing consumer awareness of energy usage patterns and the need for accurate, transparent billing is boosting adoption rates.
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Smart Gas Meter Market - Geographical Share
The adoption of smart gas meters is expanding worldwide, with notable differences across regions:
✅ Europe holds a dominant share, driven by stringent energy efficiency regulations, nationwide rollouts, and government-backed programs supporting smart grid infrastructure. Countries such as the UK, Italy, and France have already made significant progress in large-scale installations.
✅ North America is witnessing steady growth, supported by modernization of gas distribution networks, integration of advanced metering infrastructure (AMI), and growing focus on energy conservation. The United States is leading in deployments, while Canada is gradually scaling adoption.
✅ Asia-Pacific is emerging as the fastest-growing region due to rapid urbanization, government-led smart city projects, and rising energy demand. China, Japan, South Korea, and India are investing heavily in gas distribution modernization, offering vast growth potential.
✅ Latin America and Middle East & Africa are at early adoption stages but present significant opportunities. Infrastructure upgrades, growing gas consumption, and digital transformation initiatives are likely to boost smart gas meter penetration in the coming years.
Strategic Players Driving the Smart Gas Meter Market: Itron, Honeywell International, EDMI, Diehl Metering, ZENNER, Xylem Inc, Apator Group, Raychem RPG, CHINT, Master Meter.
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Research Methodology:
The global Smart Gas Meter Market research report employs a comprehensive dual-source approach, integrating both primary and secondary data collection methods to ensure robust market analysis. Our research framework systematically evaluates multiple industry-influencing variables, including regulatory frameworks and government policies, prevailing market conditions, competitive intensity levels, historical performance data, current market positioning, technological innovations and disruptions, emerging industry developments, cross-sector business impacts, market volatility patterns, growth prospects, potential market barriers, and strategic challenges facing industry participants.
Segment Covered in the Smart Gas Meter Market:
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)
By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa)
Regional Analysis for Smart Gas Meter Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Most Frequently Asked Questions in the Smart Gas Meter Market Research Industry:
➠ Who leads the Smart Gas Meter industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Smart Gas Meter market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Smart Gas Meter market growth?
➠ What are the dominant sales and distribution strategies in the Smart Gas Meter industry?
Contact Us -
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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