Smart Gas Meter Market to Reach USD 4.68 Billion by 2031 at 10.12% CAGR | North America Leads with 34% Share | Key Players Itron, Honeywell, Diehl Metering

The global Smart Gas Meter Market reached approximately USD 3.25 billion in 2025 and is projected to reach about USD 4.68 billion by 2031, growing at a CAGR of 10.12% during the forecast period 2026-2031. Market expansion is primarily driven by increasing regulatory mandates for smart metering adoption, rising investments in advanced metering infrastructure (AMI), and the growing need for accurate, real-time gas consumption monitoring. Utilities are increasingly deploying IoT-enabled smart gas meters to enhance billing transparency, reduce operational costs, and improve network safety through early leak detection and remote monitoring capabilities.

Smart gas meters play a critical role in the digital transformation of gas distribution networks across residential, commercial, and industrial sectors. Advancements in communication technologies such as NB-IoT and LTE-M, along with the emergence of hydrogen-ready and ultrasonic metering solutions, are strengthening long-term deployment potential. Additionally, government initiatives promoting energy efficiency, smart grid integration, and infrastructure modernization are expected to support sustained global market growth throughout the forecast period.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/smart-gas-meters-market?sai-v

The Smart Gas Meter Market refers to the global industry focused on the development, production, and deployment of digitally connected gas meters that enable real-time monitoring, remote data transmission, accurate billing, and improved energy management for residential, commercial, and industrial gas consumption.

Key Developments
✅ January 2026: In Japan, nationwide smart gas meter upgrades accelerated as utilities expanded deployment of advanced metering infrastructure (AMI) to improve real-time consumption monitoring, leak detection, and automated billing accuracy while supporting energy efficiency initiatives.

✅ January 2026: Across the United States and Canada, utilities increased adoption of IoT-enabled smart gas meters integrated with cloud-based analytics platforms to enhance grid safety, predictive maintenance, and remote shutoff capabilities amid growing regulatory focus on pipeline safety and emissions reduction.

✅ January 2026: In Europe, stricter energy efficiency regulations and decarbonization goals encouraged large-scale rollout of smart gas metering systems with remote reading, demand forecasting, and integration into broader smart city energy management networks.

✅ December 2025: Across Asia-Pacific markets outside Japan, urbanization and expanding natural gas distribution networks drove deployment of cost-effective smart gas meters featuring wireless communication modules and prepaid metering options to improve billing transparency and reduce energy theft.

✅ December 2025: Globally, integration of AI-based consumption analytics and digital utility platforms enhanced operational efficiency, enabling utilities to optimize gas distribution, detect anomalies in real time, and provide consumers with detailed usage insights through mobile applications.

✅ November 2025: In Latin America, modernization of aging gas infrastructure and government-supported smart utility programs increased installation of remotely monitored gas meters aimed at improving safety compliance, operational visibility, and customer service efficiency.

✅ October 2025: Worldwide, growing emphasis on sustainability and methane emission monitoring accelerated innovation in smart gas metering technologies, including advanced sensors, edge computing capabilities, and interoperability with renewable gas and hydrogen blending initiatives.

Mergers & Acquisitions
✅ January 2026: A global smart metering solutions provider acquired an IoT connectivity and gas sensor technology firm to strengthen its advanced safety monitoring capabilities and expand its intelligent gas metering portfolio.

✅ December 2025: A multinational energy technology company acquired a regional smart gas meter manufacturer to enhance production capacity, broaden geographic reach, and accelerate deployment of AMI-compatible gas metering solutions.

✅ November 2025: A digital utility analytics company acquired a software developer specializing in gas consumption data management and predictive maintenance platforms to expand end-to-end smart gas infrastructure optimization services.

Key Players
Itron | Honeywell International Inc. | EDMI Limited | Diehl Metering | ZENNER International GmbH & Co. KG | Xylem Inc. | Apator Group | Raychem RPG Pvt. Ltd. | CHINT Group | Master Meter Inc. | Others

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=smart-gas-meters-market?sai-v
(Single User Report: USD 4350 & One Year Database Subscription: USD 12K)

Market Drivers
Rising global focus on energy efficiency, emission reduction, and real-time consumption monitoring is accelerating the deployment of smart gas metering infrastructure across residential, commercial, and industrial sectors.

Government mandates for advanced metering infrastructure (AMI), smart grid modernization programs, and stricter regulatory compliance for accurate billing and leak detection are supporting sustained market expansion.

Increasing urbanization and growth in connected utility networks are encouraging utilities to adopt automated meter reading, remote monitoring, and data-driven energy management solutions.

Integration of Internet of Things (IoT), cloud analytics, and wireless communication technologies is enhancing operational efficiency, reducing manual intervention, and improving customer engagement for gas distribution companies.

Industry Developments
Launch of advanced smart gas meters featuring remote shut-off capability, tamper detection, and real-time data transmission to improve safety, billing accuracy, and operational transparency.

Adoption of low-power wide-area network (LPWAN), NB-IoT, and other secure communication technologies enabling scalable and cost-efficient connectivity for large-scale smart metering deployments.

Strategic partnerships among utility providers, technology vendors, and semiconductor manufacturers to accelerate digital metering rollouts and strengthen smart city infrastructure.

Expansion of data analytics platforms and AI-driven monitoring systems to support predictive maintenance, consumption forecasting, and early leak identification.

Growing investment in cybersecurity frameworks and encrypted communication protocols to protect utility data and ensure safe remote meter management.

Regional Insights
North America - Holds 34% share: Driven by established smart grid initiatives, regulatory support for advanced metering infrastructure, and high investment in utility digitalization.

Europe - Holds 29% share: Supported by stringent energy efficiency regulations, decarbonization targets, and widespread modernization of gas distribution networks.

Asia Pacific - Holds 26% share: Fueled by urban population growth, infrastructure development, and increasing government focus on smart city and digital utility programs.

Latin America - Holds 6% share: Adoption encouraged by modernization of utility services, reduction of energy losses, and improving regulatory frameworks.

Middle East & Africa - Holds ~5% share: Growth supported by investments in utility infrastructure, smart city initiatives, and the need for efficient resource management in urbanizing regions.

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/smart-gas-meters-market?sai-v

Key Segments

By Reading Type
Direct reading gas meters hold a dominant share due to their real-time monitoring capability, improved billing accuracy, and ease of integration with smart grid infrastructure. Circular reading meters also represent a notable segment, particularly in legacy systems and regions transitioning toward advanced metering technologies, where gradual upgrades and cost considerations influence adoption.

By Type
Smart diaphragm gas meters account for a significant share, supported by their widespread residential usage, reliability, and cost-effectiveness in measuring low to moderate gas flow. Smart ultrasonic gas meters are witnessing rapid growth owing to their high precision, advanced digital communication features, and suitability for commercial and industrial applications requiring accurate and maintenance-free measurement.

By Component
Hardware components dominate the market, driven by demand for metering devices, communication modules, sensors, and integrated electronic systems essential for smart gas measurement. Software solutions are gaining strong momentum as utilities increasingly adopt data analytics, remote monitoring, predictive maintenance, and cloud-based meter management platforms to enhance operational efficiency.

By End-User
The residential sector holds the largest share due to large-scale smart meter deployment programs, urbanization, and the need for accurate household gas consumption monitoring. Commercial applications represent a substantial segment supported by energy management requirements in offices, retail spaces, and public infrastructure. The industrial sector is expanding steadily as industries adopt smart gas metering to improve safety, regulatory compliance, and energy optimization.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

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.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.