North America Smart Gas Meter Market Size & Outlook
The smart gas meter market in North America is expected to reach a projected revenue of US$ 1,320.0 million by 2030. A compound annual growth rate of 6% is expected of North America smart gas meter market from 2024 to 2030.
Revenue, 2023 (US$M)
$876.2
Forecast, 2030 (US$M)
$1,320.0
CAGR, 2024 - 2030
6%
Report Coverage
North America
North America smart gas meter market, 2018-2030 (US$M)
North America smart gas meter market highlights
- The North America smart gas meter market generated a revenue of USD 876.2 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 876.2 million |
| Market revenue in 2030 | USD 1,320.0 million |
| Growth rate | 6% (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 |
| Key market players worldwide | ABB Ltd, Eaton Corp PLC, HansenGroup, Honeywell International Inc, Itron Inc, Landis+Gyr Group AG, Schneider Electric SE, Siemens AG, Wasion Holdings Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 27.0% of the global smart gas meter market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,092.6 million by 2030.
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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 |
|---|
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Related regional statistics
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