Smart Gas Meter Global Market Report 2026

A smart gas meter is an electronic device designed to record information such as electric energy consumption, voltage levels, current, power factor, and gas usage. This information provides consumers with a clearer understanding of their gas consumption and usage. Smart gas meters are utilized for measuring energy consumption, calculating costs, and enabling automatic meter readings.

The main types of smart gas meters include smart ultrasonic gas meters and smart diaphragm gas meters. Smart ultrasonic gas meters are compact static gas meters that employ ultrasonic measurement techniques for measuring energy in residential areas where gas is used as an energy source. These meters consist of various components, including hardware and software, employing techniques such as automated meter reading (AMR) and advanced metering infrastructure (AMI). Smart gas meters find applications in residential, commercial, and industrial settings.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the smart gas meter market by raising costs for imported sensors, communication chipsets, ultrasonic components, and electronic assemblies used in meter production. Residential, commercial, and industrial sectors in Europe, North America, and Asia-Pacific experience higher procurement costs and extended delivery timelines. Nevertheless, tariffs are accelerating local manufacturing investments, supplier diversification, and innovation in cost-effective connected metering and leakage detection technologies, enhancing long-term energy distribution efficiency.

The smart gas meter market research report is one of a series of new reports from The Business Research Company that provides smart gas meter market statistics, including global market size, regional shares, competitors with a smart gas meter market share, detailed smart gas meter market segments, market trends and opportunities, and any further data you may need to thrive in the smart gas meter industry. This smart gas meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smart gas meter market size has grown strongly in recent years. It will grow from $4.64 billion in 2025 to $4.99 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to historic reliance on diaphragm gas meters, early adoption of amr technologies, increasing deployment in residential gas systems, growth in utility metering programs, rising need for accurate consumption measurement.

The smart gas meter market size is expected to see strong growth in the next few years. It will grow to $6.72 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing adoption of ultrasonic gas meters, expansion of ami-based gas infrastructure, rising emphasis on real-time leakage detection, growth in industrial gas consumption analytics, development of advanced sensor-integrated gas meters. Major trends in the forecast period include deployment of IoT-connected gas monitoring systems, expansion of cloud-integrated metering platforms, advancement of AI-based consumption forecasting, growth of sustainable automated gas distribution, development of intelligent metering and leakage detection solutions.

The rising demand for smart homes is expected to propel the growth of the smart gas meter market going forward. A smart home refers to a residence that incorporates various technologies and devices through a network, typically the Internet of Things (IoT), allowing homeowners to control and monitor various aspects of their home remotely or through centralized systems. Smart gas meters play a vital role in helping homeowners achieve energy efficiency, lower utility costs, and create safer and more environmentally conscious living environments within their smart homes. For instance, in August 2023, according to Ruby Home, a U.S.-based real estate company, 63.43 million homes in the U.S. use smart home devices, and around seven in ten homebuyers are willing to purchase a smart home. Therefore, the rising demand for smart homes is driving the growth of the smart gas meter market.

Major companies operating in the smart gas meter market are focusing on innovative products such as ultrasonic prepayment gas meters to drive revenues in their market. An ultrasonic prepayment gas meter is a specialized type of gas meter used for measuring and monitoring the consumption of natural gas in residential, commercial, or industrial settings. For instance, in May 2025, Landis+Gyr, a Switzerland-based provider of integrated energy management solutions, launched its G480 NB-IoT Ultrasonic Gas Metering Line at the AGA Operations Conference & Biennial Exhibition in the United States. The G480 platform features solid-state ultrasonic measurement technology that offers high precision, edge intelligence, and long-term reliability. It includes advanced functionalities such as remote and autonomous shut-off, built-in pressure sensing, hydrogen-blend compatibility, NB-IoT connectivity, and a 20-year battery life. This innovative ultrasonic gas metering solution enables utilities to enhance operational efficiency, improve safety, and optimize gas distribution management through real-time data insights and connectivity.

In September 2024, Kaynes Technologies India Ltd., an India-based electronics and communication products manufacturing company, acquired Iskraemeco India Pvt. Ltd. for an undisclosed amount. This acquisition aims to strengthen Kaynes' smart metering and IoT-enabled electronics portfolio by integrating Iskraemeco's expertise in smart meter installation, operation, and maintenance services, thereby expanding its presence in the energy and utilities electronics segment. Iskraemeco India Pvt. Ltd. is an India-based company engaged in the supply, installation, operation, and maintenance of smart metering solutions.

Major companies operating in the smart gas meter market 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.), Hexing Electrical Co. Ltd.

Europe was the largest region in the smart gas meter market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart gas meter market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the smart gas meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart gas meter market consists of sales of smart ultrasonic gas meter, smart diaphragm gas meter, steel-case diaphragm gas meter and aluminium-case diaphragm gas meter. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Smart Gas Meter Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses smart gas meter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for smart gas meter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The smart gas meter market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Smart Ultrasonic Gas Meter; Smart Diaphragm Gas Meter
• 2) By Component: Hardware; Software
• 3) By Technology: Automated Meter Reading (AMR); Advanced Metering Infrastructure (AMI)
• 4) By Application: Residential; Commercial; Industrial
• Subsegments:
• 1) By Smart Ultrasonic Gas Meter: Fixed Ultrasonic Gas Meters; Portable Ultrasonic Gas Meters; Multi-jet Ultrasonic Gas Meters
• 2) By Smart Diaphragm Gas Meter: Single-Stage Diaphragm Gas Meters; Multi-Stage Diaphragm Gas Meters; Electronic Diaphragm Gas Meters
• Companies Mentioned: 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.); Hexing Electrical Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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