Gas meters market
                     
Introduction
Gas meters are essential for ensuring adequate gas supply of natural or liquefied 
petroleum gas to keep a track on the usage of gas. Gas meters are widely used in 
industrial, commercial, and large residential areas to maintain total usage of 
petroleum gas supplied by utility companies. Moreover, gas billing systems based on 
automated meter reading in smart meter makes the billing procedure easier than that 
of conventional gas meters.
Growth in adoption of smart meters in commercial and large residential areas is 
expected to drive the market growth during the forecast timeframe. The mandatory 
installation of smart meters in households and commercial areas is anticipated to 
influence the gas meter market growth. In addition, increase in demand for efficient 
energy technologies such as implementation of IOT (Internet of Things) will further 
drive the demand for various smart gas meters. 
Report Overview
On the basis of product type, smart gas meter emerged as the market leader in 
2020. This is attributed to rise in demand for various gas meters in residential and 
commercial areas. 
On the basis of end user, the residential end-user industry segment accounted for 
considerable market share, owing to increase in residential power consumption. 
Due to economic developments and favorable government policies, the smart 
meters market witnessed a large demand in the residential sector; therefore, 
positively impacting the market growth. 
Region wise, Asia-Pacific accounted for the highest revenue share in 2020. This is 
attributed to emerging application of smart gas meters in China, India, and Japan. 
Furthermore, favorable government policies in these countries regarding subsidies 
and rebates, and mandatory installation of smart meters positively impact the 
market growth.
Report Overview
Key findings of the study
• The smart gas meters segment was the highest contributor to the 
market, and is estimated to grow at a CAGR of 7.0% during the forecast 
period.
• The residential segment was the highest contributor to the market and is 
estimated to grow at a CAGR of 6.5% during the forecast period
• The industrial segments is expected to witness significant CAGRs of 7.2% 
and respectively, during the forecast period
Report Overview
Key Market Players:
• Badger Meter
• Krohne
• Landis+gyr
• Aclara
• Abb
• Diehl Metering
• Itron
• Elster
• General Electric
• Actaris
Report Overview
Thank You!
For More Details 
 Visit us at
 
https://www.alliedmarketresearch.co
m