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Steady Expansion Forecast for Rotary Gas Meter Market, Projected to Reach $1.36 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Rotary Gas Meter Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, a consistent growth has been observed in the rotary gas meter industry. Its size is projected to elevate from $1.07 billion in 2024 to $1.11 billion in 2025, boasting a compound annual growth rate (CAGR) of 3.2%. Various factors such as the influence of the industrial revolution, expansion of urban areas and gas utilities, regulatory norms and precision, development of utility infrastructure, market rivalry, and diversification are attributed to the growth experienced in the historical period.
Rotary Gas Meter Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for the robust expansion of the rotary gas meter market in the coming years, with predictions of its growth reaching $1.36 billion in 2029, maintaining a compound annual growth rate (CAGR) of 5.3%. This anticipated growth during the forecast period stems from factors such as increased industrial usage, a rising demand for energy efficiency, the transition towards natural gas, environmental rules and regulations, and integration with smart metering. The significant trends projected within this period consist of digital transformation and connectivity, energy management solutions, the Internet of Things and intelligent infrastructures, sustainable practices, and user-friendly interfaces.
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What Are the Drivers Transforming the Rotary Gas Meter Market?
The growth of the rotary gas meter market is projected to be driven by the escalating demand for natural gas. A commonly occurring blend of gaseous hydrocarbons, primarily comprising methane with traces of other higher alkanes, natural gas is predominantly gauged using rotary gas meters in the natural gas industry. These meters are useful in tracking gas turndown and capacity measurements, beneficial for technological quantification applications or prisoner transfers, thus leading to increased growth in the rotary gas meter market. As per a report released by the Energy Information Administration (EIA), a government agency based in the US, in March 2023, the average consumption of natural gas in the USA hit a record 88.5 billion cubic feet per day in 2022, a 5 percent improvement from 2021, amounting to a rise of 4.5 billion cubic feet per day (Bcf/d). Natural gas consumed by end-user sectors in the US accounted for 38 percent of total consumption in 2022. Furthermore, the demand for natural gas is expected to surge by 350 billion cubic meters (BCM) from 2020 to 2024, hence driving the growth of the rotary gas meter market.
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What Long-Term Trends Will Define the Future of the Rotary Gas Meter Market?
Product innovation is a key trend gaining popularity in the rotary gas meter market. Major companies operating in the rotary gas meter market are developing innovative products to sustain their position in the market. For instance, in April 2022, Honeywell International Inc., a US-based engineering and technology company, launched its Elster RABO meters, which are a new size of rotary meters. It works based on a positive displacement rotary type principle. By displaying a predetermined volume of gas, the meter calculates volume. It combines the proven characteristics of the Elster and Instromet rotary meter lines. They have unique main features, such as high rangeability, low pressure drops, flexibility in station design, and differential pressure test ports. Additionally, it comes in a non-lubricated and non-resettable index and a high-impact-resistant, ultraviolet-stabilized index, providing better gas measurements.
Which Segments in the Rotary Gas Meter Market Offer the Most Profit Potential?
The rotary gas metermarket covered in this report is segmented -
1) By Type: Displacement Type, High Pressure Type, Other Types
2) By Technology: Standard Gas Meters, Smart Gas Meters
3) By Application: Natural Gas Industry, Industrial Gas Industry, Other Applications
Subsegments:
1) By Displacement Type: Positive Displacement Meters, Multi-Jet Displacement Meters
2) By High Pressure Type: High Pressure Rotary Meters, Compact High Pressure Meters
3) By Other Types: Electronic Rotary Meters, Smart Rotary Meters
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Which Firms Dominate the Rotary Gas Meter Market by Market Share and Revenue in 2025?
Major companies operating in the rotary gas meter market include Honeywell International Inc., Flow Meter Group BV, General Electric Company, Tormene Group SPA, Pietro Fiorentini SPA, Dresser Utility Solutions, vemm tec Messtechnik GmbH, Romet Limited, Metreg Technologies Inc., Energoflow AG, Zenner International GmbH & Co., Sensus USA Inc., Emerson Electric Co., Itron Inc., Badger Meter Inc., ABB Ltd., Yokogawa Electric Corporation, Siemens AG, KROHNE Messtechnik GmbH, Azbil Corporation, AEM Co. Ltd., Dandong Dongfang Measurement & Control Technology Co. Ltd., Diehl Metering GmbH, GWF MessSysteme AG, Hunan Yanheng Instrument Equipment Co. Ltd., Landis+Gyr Group AG, Nikkiso Co. Ltd.
Which Regions Offer the Highest Growth Potential in the Rotary Gas Meter Market?
Asia-Pacific was the largest region in the rotary gas meter market in 2024. The regions covered in the rotary gas meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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