Press release
Top Players and Market Competition in the Smart Gas Meter Industry
Smart Gas Meter Market
Significant Growth Expected in the Smart Gas Meter Market by 2030
The smart gas meter market is anticipated to experience robust growth over the coming years, reaching a valuation of $6.72 billion by 2030. This expansion is projected at a compound annual growth rate (CAGR) of 7.7%. The growth drivers include the increasing adoption of ultrasonic gas meters, the broadening of AMI-based (Advanced Metering Infrastructure) gas networks, and a growing focus on real-time gas leakage detection. Additionally, the rising demand for analytics in industrial gas consumption, along with the development of sensor-integrated advanced gas meters, contribute significantly to market momentum. Key trends shaping this market encompass the deployment of IoT-enabled gas monitoring systems, the rise of cloud-connected metering platforms, advancements in AI-driven consumption forecasting, the push toward sustainable automated gas distribution, and the ongoing evolution of intelligent metering and leakage detection technologies.
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Top Companies Leading the Smart Gas Meter Market
The smart gas meter industry includes several prominent companies that dominate market operations. Leading players are Aclara Technologies LLC, Itron Inc., Apator SA, Arad Group Ltd., B METERS S.r.l., Badger Meter Inc., Diehl Metering GmbH, Diehl Stiftung & Co. KG, EDMI Limited, Elster Group GmbH, GWF MessSysteme AG, Holley Technology Ltd., Honeywell International Inc., Iskraemeco d.d., Kamstrup A/S, Landis+Gyr AG, Maddalena S.p.A., Master Meter Inc., Sensus (Xylem Inc.), and Hexing Electrical Co. Ltd.
In a recent development from September 2024, Kaynes Technologies India Ltd., a manufacturer specializing in electronics and communications, completed the acquisition of Iskraemeco India Pvt. Ltd. for an undisclosed sum. This strategic move aims to reinforce Kaynes' portfolio in smart metering and IoT-enabled electronics by integrating Iskraemeco's expertise in smart meter deployment, operations, and maintenance. This acquisition also expands Kaynes' footprint within the energy and utilities electronics market.
Emerging Trends Highlight Future Directions in Smart Gas Meter Technologies
Industry leaders are increasingly focusing on innovative products like ultrasonic prepayment gas meters to boost market growth. These meters are designed to precisely measure and monitor natural gas consumption across residential, commercial, and industrial applications.
A case in point is Landis+Gyr, a Swiss company known for energy management solutions, which launched its G480 NB-IoT Ultrasonic Gas Metering Line in May 2025 during the AGA Operations Conference & Biennial Exhibition in the U.S. This G480 platform employs solid-state ultrasonic measurement technology to deliver high accuracy, intelligent edge computing, and long-lasting reliability. Its advanced features include remote and autonomous shut-off capabilities, built-in pressure sensors, compatibility with hydrogen blends, NB-IoT connectivity, and a battery life spanning 20 years. This state-of-the-art ultrasonic meter empowers utility providers to improve operational efficiency, enhance safety measures, and optimize gas distribution through real-time data and connectivity.
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Detailed Segmentation of the Global Smart Gas Meter Market
The global smart gas meter market is classified into several segments to provide a comprehensive outlook:
1) By Type: Smart Ultrasonic Gas Meter and Smart Diaphragm Gas Meter
2) By Component: Hardware and Software
3) By Technology: Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI)
4) By Application: Residential, Commercial, and Industrial
Further subcategories include:
- For Smart Ultrasonic Gas Meters: Fixed Ultrasonic Gas Meters, Portable Ultrasonic Gas Meters, and Multi-jet Ultrasonic Gas Meters
- For Smart Diaphragm Gas Meters: Single-Stage Diaphragm Gas Meters, Multi-Stage Diaphragm Gas Meters, and Electronic Diaphragm Gas Meters
This segmentation helps in understanding the various facets of the market and tailoring solutions to specific customer needs and applications.
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