Gas Meter Global Market Report 2026

A gas meter is a device designed to measure the quantity or rate of flow of a gas through a specified path. Gas meters play a crucial role in accurate billing and monitoring of energy usage.

The main types of gas meters include turbine gas meters, ultrasonic gas meters, diaphragm gas meters, rotary gas meters, and others. A turbine gas meter employs a small helix or turbine to regulate the speed at which gas flows through it, deducing the gas flow on a volumetric basis. Gas meters are available in two different technologies such as smart and automated, as well as conventional. These devices 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 are influencing the gas meter market by increasing the cost of imported electronic components, sensors, communication modules, and precision measurement parts. Utility providers in North America and Europe are most affected as smart meter rollouts rely heavily on imported technologies. Asia-Pacific manufacturers face higher export-related pricing pressures. Despite these challenges, tariffs are promoting domestic meter production, local electronics sourcing, and innovation in cost-optimized smart metering solutions.

The gas meters market research report is one of a series of new reports from The Business Research Company that provides gas meters market statistics, including gas meters industry global market size, regional shares, competitors with a gas meters market share, detailed gas meters market segments, market trends and opportunities, and any further data you may need to thrive in the gas meters industry. This gas meters 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 gas meter market size has grown strongly in recent years. It will grow from $5.34 billion in 2025 to $5.7 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to expansion of urban gas distribution networks, regulatory focus on accurate billing, increased residential gas connections, deployment in commercial facilities, replacement of legacy metering systems.

The gas meter market size is expected to see strong growth in the next few years. It will grow to $7.6 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing rollout of smart city projects, growing demand for real-time consumption data, expansion of IoT-enabled utility infrastructure, rising focus on energy efficiency monitoring, integration with digital billing platforms. Major trends in the forecast period include increasing adoption of smart gas meters, expansion of advanced metering infrastructure, rising demand for accurate energy monitoring, integration of remote meter reading technologies, enhanced data security in metering systems.

The rising consumption of natural gas is expected to drive growth in the gas meter market. Natural gas, a clean-burning fossil fuel, is widely used for residential, commercial, and industrial energy needs. Increasing reliance on gas-based energy systems for electricity generation and industrial operations is boosting demand for accurate metering solutions to monitor supply and manage revenue efficiently. For example, in May 2025, Eurostat reported that inland demand for natural gas in the EU increased by 0.6% in 2024 compared with 2023, reaching 12,802,111 terajoules, with Greece experiencing the largest rise at 31.3%. Therefore, the growing consumption of natural gas is propelling the gas meter market.

Key companies in the gas meter market are focusing on hydrogen-capable metering to enhance sustainability, fuel transition flexibility, and cost efficiency. Hydrogen-capable meters can accurately measure hydrogen or hydrogen-natural gas blends, enabling utilities to transition fuels without replacing existing infrastructure. For instance, in November 2023, Honeywell International Inc., a U.S.-based industrial technology company, launched the EI5 smart gas meter, a hydrogen-capable diaphragm meter designed for dual-fuel measurement (natural gas and 100% hydrogen). The EI5 meter supports safety and accuracy under hydrogen conditions, reduces the need for future replacements, and ensures operational sustainability for utility gas networks.

In July 2023, QIC Infrastructure, an Australia-based investment company, acquired a 50% stake in Vector Metering for AU$1.6 billion (US$1.1 billion), solidifying its position in the smart metering market. This acquisition reflects the increasing demand for smart meters as households seek more efficient energy consumption management. Vector Metering, an Australia-based provider of smart gas and electricity meters, is expected to play a pivotal role in QIC Infrastructure's strategic endeavors in the evolving gas meter market.

Major companies operating in the gas meter market are Honeywell International Inc, Siemens AG, Emerson Electric Co., Endress + Hauser, Apator SA, Landis + GYR Group AG, ABB Ltd, Badger Meter Inc, EDMI Limited, Smartmeters Technologies Pvt. Ltd, Genesis Gas Solutions Private Limited, Secure Meters Limited, Tokyo Gas Meter Co., Ltd, Chugoku Gas Meter Co., Ltd, Aichi Tokei Denki Co. Ltd, AES Smart Metering Ltd, PROLA SA, KROHNE, Mac Instruments, Bopp & Reuther, Kinequip Inc, Intellimeter Canada Inc, Norgas Controls, Metercor, FGS Brasil Ind Com Ltda, Itron Solucoes Para Energia E Agua Ltda, Fluenta, KopaGas Ltd

Asia-Pacific was the largest region in the gas meter market in 2025. The regions covered in the 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 gas meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The gas meter market consists of sales of gas meters differentiated by operating principles such as displacement, velocity, head, thermal, acoustic, and tracer. 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.

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 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 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 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: Turbine Gas Meter; Ultrasonic Gas Meter; Diaphragm Gas Meter; Rotary Gas Meter; Other Types
• 2) By Technology: Smart And Automated; Conventional
• 3) By End User: Residential; Commercial; Industrial
• Subsegments:
• 1) By Turbine Gas Meter: Industrial Turbine Gas Meters; Commercial Turbine Gas Meters
• 2) By Ultrasonic Gas Meter: Compact Ultrasonic Gas Meters; Multi-Path Ultrasonic Gas Meters
• 3) By Diaphragm Gas Meter: Residential Diaphragm Gas Meters; Industrial Diaphragm Gas Meters
• 4) By Rotary Gas Meter: Positive Displacement Rotary Gas Meters; Multi-Jet Rotary Gas Meters
• 5) By Other Types: Coriolis Gas Meters; Vortex Gas Meters
• Companies Mentioned: Honeywell International Inc; Siemens AG; Emerson Electric Co.; Endress + Hauser; Apator SA; Landis + GYR Group AG; ABB Ltd; Badger Meter Inc; EDMI Limited; Smartmeters Technologies Pvt. Ltd; Genesis Gas Solutions Private Limited; Secure Meters Limited; Tokyo Gas Meter Co., Ltd; Chugoku Gas Meter Co., Ltd; Aichi Tokei Denki Co. Ltd; AES Smart Metering Ltd; PROLA SA; KROHNE; Mac Instruments; Bopp & Reuther; Kinequip Inc; Intellimeter Canada Inc; Norgas Controls; Metercor; FGS Brasil Ind Com Ltda; Itron Solucoes Para Energia E Agua Ltda; Fluenta; KopaGas 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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