North America Smart Gas Meter Market Outlook, 2029

The North America Smart Gas Meter Market is estimated to reach a value of USD 5.2 billion by 2027, driven by rise in technological advancements.

According to publisher, The North American smart gas meter market is experiencing significant growth, driven by a confluence of factors. Market Insights Market Size and Growth: The North American smart gas meter market is estimated to reach a value of USD 5.2 billion by 2027, with a projected CAGR ranging from 4.5% to 11.2% . The United States holds the dominant share due to its larger population and a more established smart metering infrastructure. Growth Drivers: Several factors are propelling the market forward: Aging Infrastructure: A significant portion of North America's gas meter infrastructure is nearing the end of its lifespan. Replacing it with smart meters offers improved efficiency, reliability, and data collection capabilities. Focus on Energy Efficiency: Growing concerns about climate change and energy security are driving initiatives to promote energy conservation. Smart gas meters empower consumers with real-time insights into their consumption, enabling them to identify areas for potential savings. Government Support: Governments across North America are providing financial incentives and regulatory frameworks to encourage smart meter deployment. For instance, the US Department of Energy's Smart Grid Investment Grant (SGIG) program has funded numerous smart meter projects. Advancement of Smart Grids: The development of smart grids necessitates two-way communication between various components. Smart gas meters play a crucial role in enabling real-time data exchange and improving grid management. Demand Response Programs: Utilities can leverage smart meter data to implement demand response programs. These programs incentivize consumers to shift their gas usage patterns to off-peak hours, reducing strain on the grid during peak demand periods. Benefits of Smart Gas Meters: The adoption of smart gas meters offers a multitude of advantages: Improved Meter Reading Accuracy: Smart meters eliminate the need for manual meter reading, which can be prone to errors and inconsistencies. Real-Time Monitoring: Consumers gain real-time insights into their gas consumption, allowing them to identify areas for efficiency improvements and make informed energy-saving decisions. Leak Detection: Smart meters can detect gas leaks promptly, minimizing safety risks and potential financial losses for both consumers and utilities. Enhanced Customer Service: Utilities can leverage meter data to provide improved customer service, such as personalized usage reports and targeted energy-saving tips. Reduced Operational Costs: Automated meter reading reduces labor costs associated with manual meter reading, leading to operational cost savings for utilities.

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Market Dynamics The North American smart gas meter market is a complex ecosystem shaped by several key forces: Technological Advancements: The continuous evolution of communication technologies like cellular networks and radio frequency identification (RFID) is fostering the development of more advanced and cost-effective smart meters. Data Security Concerns: The collection and transmission of consumer energy data raise concerns about data privacy and security. Robust cybersecurity measures are essential to build trust and encourage widespread adoption. Standardization: Efforts are underway to establish uniform standards, but the lack of complete standardization across communication protocols can create compatibility issues between different smart meter models. Cost Considerations: The upfront investment required for deploying smart meters, including technology, infrastructure, and installation costs, can be a barrier for some utilities, particularly smaller ones. Market Segments The North American smart gas meter market can be segmented based on various criteria: Technology: Automatic Meter Reading (AMR): AMR meters collect consumption data periodically and transmit it to utilities for billing purposes. However, AMR meters lack the real-time communication capabilities of AMI meters. Example: A utility company might deploy AMR meters in a remote area with limited cellular network coverage, as AMR can function with satellite communication. Advanced Metering Infrastructure (AMI): AMI meters offer two-way communication, enabling real-time data exchange and advanced functionalities such as leak detection and remote meter control. Example: A large metropolitan area with a well-developed smart grid infrastructure might opt for AMI meters to leverage their advanced features for grid management and consumer engagement. Communication Technology: Cellular networks: Cellular networks offer reliable and secure two-way communication but can be more expensive compared to other options. Example: A utility company operating in a sparsely populated region with limited infrastructure might choose cellular networks for their wider coverage, despite the higher cost. Radio frequency identification (RFID): RFID is a cost-effective option for short-range communication but may have limitations in terms of network coverage. Power Line Communication (PLC): PLC leverages existing power lines for data transmission, offering a cost-effective solution for established neighborhoods. However, it can be susceptible to interference from electrical appliances. Example: A well-established suburban neighborhood with existing power line infrastructure might choose PLC for its cost-effectiveness and ease of deployment. Application: Residential: The residential sector represents the largest segment of the North American smart gas meter market, driven by government initiatives and growing consumer awareness about energy conservation. Utilities are focusing on residential deployments due to the sheer volume of potential customers and the potential for significant energy savings. Example: A state government might offer rebates or tax credits to incentivize homeowners to upgrade to smart gas meters, promoting wider adoption in the residential sector. Commercial & Industrial: The commercial and industrial (C&I) sector is experiencing increasing adoption of smart gas meters. Businesses benefit from real-time monitoring to optimize their energy usage and reduce costs. Additionally, smart meters can facilitate automated billing and improve operational efficiency. Example: A large manufacturing facility might install smart gas meters to monitor energy consumption across different production lines, identifying areas for efficiency improvements and cost savings. Regional Analysis The North American smart gas meter market presents variations across the region: United States: The US is the undisputed leader in the North American smart gas meter market. Factors contributing to this dominance include: Strong government support through financial incentives and regulatory frameworks. Established smart grid infrastructure in some regions. Growing consumer demand for energy efficiency and cost savings. Large and diverse utility landscape with a mix of investor-owned and public utilities. Example: California has a strong focus on energy efficiency and environmental sustainability, driving smart meter deployment initiatives across the state. Canada: The Canadian smart gas meter market is experiencing steady growth, driven by:

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Manmayi Raval

Manmayi Raval

Research Consultant

Government initiatives at both federal and provincial levels. Focus on energy conservation and environmental sustainability. Increasing investments in smart grid infrastructure development. Example: The Province of Ontario has implemented regulations mandating smart meter deployment for a specific percentage of residential customers by a certain timeframe. Mexico: The Mexican smart gas meter market is at a nascent stage compared to the US and Canada. However, there are signs of potential growth, including: Growing awareness about energy efficiency. Government initiatives promoting smart meter deployment. Increasing investments in modernizing the gas distribution infrastructure. Example: The Mexican government has launched pilot projects to assess the feasibility and benefits of smart meter deployment in specific regions before wider rollouts. Key Developments The North American smart gas meter market is witnessing continuous innovation and strategic developments: Mergers and Acquisitions: Leading players are consolidating their positions through mergers and acquisitions. For example, Itron's acquisition of Sension in 2020 strengthened its presence in the smart metering solutions space. Technological Advancements: Manufacturers are constantly developing new features and functionalities for smart gas meters. These include integration with smart home systems, leak detection with enhanced accuracy, and prepayment functionalities. Focus on Data Analytics: Utilities are increasingly leveraging smart meter data for advanced analytics to gain insights into consumer behavior, optimize grid operations, and identify potential issues. For instance, utilities can use data analytics to predict peak demand periods and implement targeted demand response programs. Pilot Projects and Rollouts: Utilities are conducting pilot projects to assess the feasibility and benefits of smart meter deployments before large-scale rollouts. This allows for identifying challenges and refining implementation strategies. Example: A utility company might conduct a pilot project in a specific neighborhood to test the effectiveness of different communication technologies for smart meter data transmission before a wider city-wide rollout. Competitive Landscape The North American smart gas meter market is a competitive landscape with a mix of established players and emerging companies. Some of the key players include: Itron (US): A leading provider of smart metering solutions across North America. Honeywell (US): Offers a range of smart gas meters and related technologies. Landis+Gyr (Switzerland): Has a strong presence in the North American smart meter market. Aclara Technologies (US): Focuses on providing advanced metering infrastructure (AMI) solutions. Other notable players include Elster Group (acquired by Honeywell in 2016), Sensus (acquired by Xylem in 2014), Diehl Metering (Germany), and Apator Group (Poland). These companies are actively involved in research & development, product innovation, strategic partnerships, and geographical expansion to solidify their positions in the market.

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Manmayi Raval

Table of Contents

  • 1 Introduction 7
  • 1.1 Industry Definition and Research Scope 7
  • 1.1.1 Industry Definition 7
  • 1.1.2 Research Scope 8
  • 1.2 Research Methodology 11
  • 1.2.1 Overview of Market Research Methodology 11
  • 1.2.2 Market Assumption 12
  • 1.2.3 Secondary Data 12
  • 1.2.4 Primary Data 12
  • 1.2.5 Data Filtration and Model Design 13
  • 1.2.6 Market Size/Share Estimation 14
  • 1.2.7 Research Limitations 15
  • 1.3 Executive Summary 16
  • 2 Market Overview and Dynamics 19
  • 2.1 Market Size and Forecast 19
  • 2.1.1 Impact of COVID-19 on World Economy 21
  • 2.1.2 Impact of COVID-19 on the Market 24
  • 2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
  • 2.2 Major Growth Drivers 30
  • 2.3 Market Restraints and Challenges 33
  • 2.4 Emerging Opportunities and Market Trends 36
  • 2.5 Porter’s Fiver Forces Analysis 40
  • 3 Segmentation of North America Market by Component 44
  • 3.1 Market Overview by Component 44
  • 3.2 Hardware 46
  • 3.3 Software & Service 47
  • 4 Segmentation of North America Market by Technology 48
  • 4.1 Market Overview by Technology 48
  • 4.2 Automatic Meter Reading (AMR) 50
  • 4.3 Advanced Metering Infrastructure (AMI) 51
  • 5 Segmentation of North America Market by Product Type 52
  • 5.1 Market Overview by Product Type 52
  • 5.2 Smart Diaphragm Gas Meter 54
  • 5.3 Smart Ultrasonic Gas Meter 55
  • 6 Segmentation of North America Market by Smart Card 56
  • 6.1 Market Overview by Smart Card 56
  • 6.2 CPU Card-based Meters 58
  • 6.3 RFID Card-based Meters 59
  • 6.4 Other Card-based Meters 60
  • 7 Segmentation of North America Market by End Use 61
  • 7.1 Market Overview by End Use 61
  • 7.2 Residential Use 63
  • 7.3 Commercial Use 64
  • 7.4 Industrial Use 65
  • 8 North America Market 2022-2032 by Country 66
  • 8.1 Overview of North America Market 66
  • 8.2 U.S. 69
  • 8.3 Canada 72
  • 8.4 Mexico 74
  • 9 Competitive Landscape 76
  • 9.1 Overview of Key Vendors 76
  • 9.2 New Product Launch, Partnership, Investment, and M&A 79
  • 9.3 Company Profiles 80
  • Aclara Technologies 80
  • AEM 82
  • Aichi Tokei Denki Co. Ltd. 84
  • Apator SA 86
  • Azbil Kimmon Co. Ltd (Azbil Corporation) 88
  • Badger Meter, Inc. 91
  • Chongqing Shancheng Gas Equipment Co., Ltd. 93
  • Dandong Dongfa (Group) Co., Ltd. 94
  • Diehl Stiftung GmbH & Co. KG 95
  • EDMI Ltd. 97
  • Elster Group GmbH (Honeywell International Inc.) 99
  • Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.) 101
  • Itron Inc. 104
  • Landis + GYR Group AG 107
  • Pietro Fiorentini SpA 109
  • Sagemcom SAS 112
  • Schneider Electric SE 115
  • Sensus Usa Inc. (Xylem Inc.) 118
  • Siemens AG 120
  • Wasion Group Holdings 124
  • Yazaki Corporation 127
  • Zenner International GmbH & Co. KG 129
  • Related Reports and Products 131



Table 1. Snapshot of North America Smart Gas Meter Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in North America Smart Gas Meter Market 36
Table 6. North America Smart Gas Meter Market by Component, 2022-2032, $ mn 44
Table 7. North America Smart Gas Meter Market by Technology, 2022-2032, $ mn 48
Table 8. North America Smart Gas Meter Market by Product Type, 2022-2032, $ mn 52
Table 9. North America Smart Gas Meter Market by Smart Card, 2022-2032, $ mn 56
Table 10. North America Smart Gas Meter Market by End Use, 2022-2032, $ mn 61
Table 11. North America Smart Gas Meter Market by Country, 2022-2032, $ mn 67
Table 12. U.S. Smart Gas Meter Market by Component, 2022-2032, $ mn 71
Table 13. U.S. Smart Gas Meter Market by Technology, 2022-2032, $ mn 71
Table 14. U.S. Smart Gas Meter Market by End Use, 2022-2032, $ mn 71
Table 15. Canada Smart Gas Meter Market by Component, 2022-2032, $ mn 73
Table 16. Canada Smart Gas Meter Market by Technology, 2022-2032, $ mn 73
Table 17. Canada Smart Gas Meter Market by End Use, 2022-2032, $ mn 73
Table 18. Mexico Smart Gas Meter Market by Component, 2022-2032, $ mn 75
Table 19. Mexico Smart Gas Meter Market by Technology, 2022-2032, $ mn 75
Table 20. Mexico Smart Gas Meter Market by End Use, 2022-2032, $ mn 75
Table 21. Aclara Technologies: Company Snapshot 80
Table 22. Aclara Technologies: Business Segmentation 81
Table 23. Aclara Technologies: Product Portfolio 81
Table 24. AEM: Company Snapshot 82
Table 25. Aichi Tokei Denki Co. Ltd.: Company Snapshot 84
Table 26. Aichi Tokei Denki Co. Ltd.: Product Portfolio 85
Table 27. Apator SA: Company Snapshot 86
Table 28. Apator SA: Business Segmentation 87
Table 29. Apator SA: Revenue by Region 87
Table 30. Apator SA: Product Portfolio 87
Table 31. Azbil Kimmon Co. Ltd (Azbil Corporation): Company Snapshot 88
Table 32. Azbil Kimmon Co. Ltd (Azbil Corporation): Business Segmentation 89
Table 33. Azbil Kimmon Co. Ltd (Azbil Corporation): Revenue by Region 89
Table 34. Azbil Kimmon Co. Ltd (Azbil Corporation): Product Portfolio 90
Table 35. Badger Meter, Inc.: Company Snapshot 91
Table 36. Badger Meter, Inc.: Revenue by Region 91
Table 37. Badger Meter, Inc.: Product Portfolio 92
Table 38. Chongqing Shancheng Gas Equipment Co., Ltd.: Company Snapshot 93
Table 39. Dandong Dongfa (Group) Co., Ltd.: Company Snapshot 94
Table 40. Diehl Stiftung GmbH & Co. KG: Company Snapshot 95
Table 41. Diehl Stiftung GmbH & Co. KG: Business Segmentation 96
Table 42. Diehl Stiftung GmbH & Co. KG: Product Portfolio 96
Table 43. EDMI Ltd.: Company Snapshot 97
Table 44. EDMI Ltd.: Product Portfolio 97
Table 45. Elster Group GmbH (Honeywell International Inc.): Company Snapshot 99
Table 46. Elster Group GmbH (Honeywell International Inc.): Business Segmentation 100
Table 47. Elster Group GmbH (Honeywell International Inc.): Revenue by Region 100
Table 48. Elster Group GmbH (Honeywell International Inc.): Product Portfolio 100
Table 49. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Company Snapshot 101
Table 50. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Product Portfolio 102
Table 51. Itron Inc.: Company Snapshot 104
Table 52. Itron Inc.: Business Segmentation 105
Table 53. Itron Inc.: Revenue by Region 105
Table 54. Itron Inc.: Product Portfolio 105
Table 55. Landis + GYR Group AG: Company Snapshot 107
Table 56. Landis + GYR Group AG: Revenue by Region 107
Table 57. Landis + GYR Group AG: Product Portfolio 108
Table 58. Pietro Fiorentini SpA: Company Snapshot 109
Table 59. Pietro Fiorentini SpA: Product Portfolio 110
Table 60. Sagemcom SAS: Company Snapshot 112
Table 61. Sagemcom SAS: Business Segmentation 113
Table 62. Sagemcom SAS: Product Portfolio 113
Table 63. Schneider Electric SE: Company Snapshot 115
Table 64. Schneider Electric SE: Business Segmentation 115
Table 65. Schneider Electric SE: Revenue by Region 116
Table 66. Sensus Usa Inc. (Xylem Inc.): Company Snapshot 118
Table 67. Sensus Usa Inc. (Xylem Inc.): Business Segmentation 119
Table 68. Sensus Usa Inc. (Xylem Inc.): Revenue by Region 119
Table 69. Sensus Usa Inc. (Xylem Inc.): Product Portfolio 119
Table 70. Siemens AG: Company Snapshot 120
Table 71. Siemens AG: Business Segmentation 120
Table 72. Siemens AG: Revenue by Region 121
Table 73. Wasion Group Holdings: Company Snapshot 124
Table 74. Wasion Group Holdings: Business Segmentation 125
Table 75. Wasion Group Holdings: Revenue by Region 125
Table 76. Wasion Group Holdings: Product Portfolio 125
Table 77. Yazaki Corporation: Company Snapshot 127
Table 78. Yazaki Corporation: Revenue by Region 127
Table 79. Yazaki Corporation: Product Portfolio 128
Table 80. Zenner International GmbH & Co. KG: Company Snapshot 129
Table 81. Zenner International GmbH & Co. KG: Product Portfolio 130



Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. North America Smart Gas Meter Market by Value, 2022-2032, $ mn 19
Figure 5. North America Smart Gas Meter Market by Volume, 2022-2032, million units 20
Figure 6. Impact of COVID-19 on Business 24
Figure 7. Primary Drivers and Impact Factors of North America Smart Gas Meter Market 30
Figure 8. Primary Restraints and Impact Factors of North America Smart Gas Meter Market 33
Figure 9. Investment Opportunity Analysis 37
Figure 10. Porter’s Fiver Forces Analysis of North America Smart Gas Meter Market 40
Figure 11. Breakdown of North America Smart Gas Meter Market by Component, 2022-2032, % of Revenue 44
Figure 12. Contribution to North America 2023-2032 Cumulative Revenue by Component, Value ($ mn) and Share (%) 45
Figure 13. North America Smart Gas Meter Market: Hardware, 2022-2032, $ mn 46
Figure 14. North America Smart Gas Meter Market: Software & Service, 2022-2032, $ mn 47
Figure 15. Breakdown of North America Smart Gas Meter Market by Technology, 2022-2032, % of Revenue 48
Figure 16. Contribution to North America 2023-2032 Cumulative Revenue by Technology, Value ($ mn) and Share (%) 49
Figure 17. North America Smart Gas Meter Market: Automatic Meter Reading (AMR), 2022-2032, $ mn 50
Figure 18. North America Smart Gas Meter Market: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 51
Figure 19. Breakdown of North America Smart Gas Meter Market by Product Type, 2022-2032, % of Revenue 52
Figure 20. Contribution to North America 2023-2032 Cumulative Revenue by Product Type, Value ($ mn) and Share (%) 53
Figure 21. North America Smart Gas Meter Market: Smart Diaphragm Gas Meter, 2022-2032, $ mn 54
Figure 22. North America Smart Gas Meter Market: Smart Ultrasonic Gas Meter, 2022-2032, $ mn 55
Figure 23. Breakdown of North America Smart Gas Meter Market by Smart Card, 2022-2032, % of Revenue 56
Figure 24. Contribution to North America 2023-2032 Cumulative Revenue by Smart Card, Value ($ mn) and Share (%) 57
Figure 25. North America Smart Gas Meter Market: CPU Card-based Meters, 2022-2032, $ mn 58
Figure 26. North America Smart Gas Meter Market: RFID Card-based Meters, 2022-2032, $ mn 59
Figure 27. North America Smart Gas Meter Market: Other Card-based Meters, 2022-2032, $ mn 60
Figure 28. Breakdown of North America Smart Gas Meter Market by End Use, 2022-2032, % of Revenue 61
Figure 29. Contribution to North America 2023-2032 Cumulative Revenue by End Use, Value ($ mn) and Share (%) 62
Figure 30. North America Smart Gas Meter Market: Residential Use, 2022-2032, $ mn 63
Figure 31. North America Smart Gas Meter Market: Commercial Use, 2022-2032, $ mn 64
Figure 32. North America Smart Gas Meter Market: Industrial Use, 2022-2032, $ mn 65
Figure 33. Breakdown of North America Smart Gas Meter Market by Country, 2022 and 2032, % of Revenue 67
Figure 34. Contribution to North America 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 68
Figure 35. U.S. Smart Gas Meter Market, 2022-2032, $ mn 70
Figure 36. Canada Smart Gas Meter Market, 2022-2032, $ mn 72
Figure 37. Smart Gas Meter Market in Mexico, 2022-2032, $ mn 74
Figure 38. Growth Stage of North America Smart Gas Meter Industry over the Forecast Period 76
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North America Smart Gas Meter Market Outlook, 2029

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