Global Smart Gas Meter Market Size & Outlook, 2025-2030
The global smart gas meter market size was estimated at USD 3,425.4 million in 2024 and is projected to reach USD 5,116.4 million by 2030, growing at a CAGR of 7.1% from 2025 to 2030.
Revenue, 2024 (US$M)
$3,425.4
Forecast, 2030 (US$M)
$5,116.4
CAGR, 2025 - 2030
7.1%
Report Coverage
Worldwide
Global smart gas meter market, 2018-2030 (US$M)
Related Markets
Global smart gas meter market highlights
- The global smart gas meter market generated a revenue of USD 3,425.4 million in 2024 and is expected to reach USD 5,116.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 7.1% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 2,046.1 million in 2024.
- Software is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 3,425.4 million |
| Market revenue in 2030 | USD 5,116.4 million |
| Growth rate | 7.1% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 26.9% of the global smart gas meter market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 265.8 million by 2030.
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Smart Gas Meter Market Scope
Smart gas meter market segmentation & scope
Smart Gas Meter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Apator | View profile | 1001-5000 | Torun, Mazowieckie, Poland, Europe | https://www.apator.com/ |
| Wasion Holdings Ltd | View profile | 4929 | 168-200 Connaught Road Central, Unit 2605, 26th Floor, West Tower, Shun Tak Centre, Hong Kong, Hong Kong | https://www.wasion.com |
| Landis+Gyr Group AG | View profile | 7750 | Alte Steinhauserstrasse 18, Cham, Switzerland, CH-6330 | https://www.landisgyr.com |
| Itron Inc | View profile | 5859 | 2111 North Molter Road, Liberty Lake, WA, United States, 99019 | https://www.itron.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| HansenGroup | View profile | 501-1000 | Lem, Midtjylland, Denmark, Europe | http://www.hansengroup.biz |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Global smart gas meter market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart gas meter market size, 2024 (US$M)
Global smart gas meter market share, by end use, 2024 & 2030 (%, US$M)
Smart gas meter market: Opportunity assessment by country
Global smart gas meter market, by region, 2024 (US$M)
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