Global Smart Gas Meter Market Size & Outlook, 2023-2030
The smart gas meter industry worldwide is expected to reach a projected revenue of US$ 5,116.4 million by 2030. A compound annual growth rate of 6.7% is expected of the worldwide smart gas meter industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,240.7
Forecast, 2030 (US$M)
$5,116.4
CAGR, 2024 - 2030
6.7%
Report Coverage
Worldwide
Global smart gas meter market, 2018-2030 (US$M)
Global smart gas meter market highlights
- The global smart gas meter market generated a revenue of USD 3,240.7 million in 2023 and is expected to reach USD 5,116.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 3,240.7 million in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 3,240.7 million |
| Market revenue in 2030 | USD 5,116.4 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, the North America accounted for 27.0% of the global smart gas meter market in 2023.
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Smart Gas Meter Market Scope
Smart gas meter market segmentation & scope
Technology
Advanced Metering Infrastructure (AMI)
Auto Meter Reading (AMR)
Type
Smart Ultrasonic Gas Meter
Smart Diaphragm Gas Meter
Vertical
Residential
Industrial
Commercial
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Smart Gas Meter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart gas meter market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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