Europe Smart Gas Meter Market Outlook, 2029

The Europe Smart Gas Meter Market was valued at over USD 6.71 Billion in 2024, driven by aging Infrastructure

According to publisher, The European smart gas meter market is flourishing, driven by a confluence of environmental concerns, technological advancements, and government initiatives. Market Insights Market Size and Growth: The European smart gas meter market is projected to reach a value of USD 6.71 billion by 2024 and USD 13.29 billion by 2029, with a CAGR exceeding 12%. This growth signifies a significant shift towards smart gas metering solutions across the continent. Growth Drivers: Several factors are propelling the European smart gas meter market forward: EU's Energy Efficiency Goals: The European Union (EU) has set ambitious targets for energy efficiency, and smart gas meters play a crucial role in achieving these goals. The EU mandates member states to equip 80% of their consumers with smart meters by 2026, driving widespread adoption. Environmental Concerns: Growing concerns about climate change and air pollution are pushing European nations towards cleaner energy solutions. Smart gas meters enable efficient gas usage, leading to reduced greenhouse gas emissions. Digitalization of Grids: The transformation of traditional power grids into smart grids necessitates real-time data collection and communication. Smart gas meters are integral components of smart grids, facilitating data exchange and grid optimization. Aging Infrastructure: A significant portion of Europe's gas meter infrastructure is aging and requires replacement. Smart meters offer a technologically advanced and future-proof solution. Cost Savings and Consumer Benefits: Smart gas meters empower consumers with real-time insights into their gas consumption, enabling them to identify areas for potential savings and make informed energy usage decisions. Additionally, they can detect leaks promptly, minimizing safety risks and financial losses. Benefits of Smart Gas Meters: The adoption of smart gas meters offers a multitude of benefits for both consumers and utilities: Improved Meter Reading Accuracy: Smart meters eliminate manual meter reading errors, ensuring accurate billing. Real-Time Monitoring: Consumers can gain real-time insights into their gas consumption, enabling them to identify areas for efficiency improvements and make informed energy-saving decisions. Leak Detection: Prompt leak detection minimizes safety risks and financial losses for both consumers and utilities. Demand Response Programs: Utilities can leverage smart meter data to implement demand response programs, incentivizing consumers to adjust their gas usage during peak periods. Improved Customer Service: Utilities can leverage meter data to provide improved customer service, such as personalized usage reports and targeted energy-saving tips.

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Market Dynamics The European smart gas meter market is a dynamic environment shaped by several key forces: Technological Advancements: Continuous evolution of communication technologies like cellular networks, radio frequency identification (RFID), and Narrowband-Internet of Things (NB-IoT) 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: Europe is making significant strides towards standardization of communication protocols for smart meters, ensuring compatibility and interoperability. Regulatory Framework: The EU's 2019 Metering Package sets out regulations for smart meter deployment, providing a clear roadmap for market growth. However, local regulations in different member states can create some variation. Market Segments The European 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. 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. Communication Technology: Cellular networks: Cellular networks offer reliable and secure two-way communication but can be more expensive compared to other options. Example: In sparsely populated rural areas of Europe, cellular networks might be the preferred choice for smart meters due to 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. Example: Densely populated apartment buildings could benefit from RFID technology due to its cost-effectiveness and suitability for short-range communication within the building complex. Narrowband-Internet of Things (NB-IoT): NB-IoT is a low-power wide-area networking technology specifically designed for the Internet of Things (IoT) applications. It offers a balance between cost, coverage, and power consumption, making it an attractive option for smart gas meters. Example: A large metropolitan area with established smart city infrastructure might utilize NB-IoT for its scalability and efficient data transmission across a wide network of smart gas meters. Application: Residential: The residential sector represents the largest segment of the European smart gas meter market, driven by EU mandates and growing consumer awareness about energy efficiency. Utilities are focusing on residential deployments due to the sheer volume of potential customers and the potential for significant energy savings. Example: Germany has implemented a nationwide smart meter rollout program, with a focus on residential installations to achieve its energy efficiency goals. 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 food production facility in France might install smart gas meters to monitor energy consumption across different production lines, identifying areas for efficiency improvements and cost savings. Regional Analysis The European smart gas meter market presents variations across the region: Western Europe: Western European countries like Germany, France, the United Kingdom, and Italy are the frontrunners in smart gas meter adoption. These nations have established smart grid infrastructure, strong government support, and a focus on energy efficiency. Example: The UK has a well-defined national rollout program for smart meters, aiming to equip all households with smart meters by 2050. Central and Eastern Europe: Central and Eastern European (CEE) countries are witnessing steady growth in smart gas meter adoption. Government initiatives, EU directives, and increasing investments in infrastructure development are driving market expansion. Example: Poland has launched ambitious smart metering programs with a focus on both residential and commercial sectors, aiming to achieve significant energy savings. Southern Europe: Southern European countries like Spain, Italy, and Portugal are experiencing an increase in smart gas meter deployments. However, the pace of adoption can vary due to factors like economic conditions and existing infrastructure. Example: Spain has implemented smart metering regulations and is witnessing a rise in smart gas meter installations, particularly in newly constructed buildings.

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Manmayi Raval

Manmayi Raval

Research Consultant

Key Developments The European 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, Landis+Gyr's acquisition of Landis+Gyr in 2019 strengthened its presence in the European 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, enhanced leak detection capabilities, and prepayment functionalities. Focus on Data Analytics: Utilities are increasingly leveraging smart meter data for advanced analytics. This allows them to gain insights into consumer behavior, optimize grid operations, identify potential issues, and develop targeted energy efficiency 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 refining implementation strategies and addressing potential challenges. Competitive Landscape The European 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 with a strong presence in Europe. Honeywell (US): Offers a range of smart gas meters and related technologies catering to the European market. Landis+Gyr (Switzerland): A major player in the European smart gas meter market, with a focus on advanced metering solutions. Aclara Technologies (US): Provides advanced metering infrastructure (AMI) solutions for utilities across Europe. Other notable players include Diehl Metering (Germany), Apator Group (Poland), Sensus (US) [acquired by Xylem in 2014], and Elster Group (US) [acquired by Honeywell in 2016]. 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 8
  • 1.1 Industry Definition and Research Scope 8
  • 1.1.1 Industry Definition 8
  • 1.1.2 Research Scope 9
  • 1.2 Research Methodology 12
  • 1.2.1 Overview of Market Research Methodology 12
  • 1.2.2 Market Assumption 13
  • 1.2.3 Secondary Data 13
  • 1.2.4 Primary Data 13
  • 1.2.5 Data Filtration and Model Design 14
  • 1.2.6 Market Size/Share Estimation 15
  • 1.2.7 Research Limitations 16
  • 1.3 Executive Summary 17
  • 2 Market Overview and Dynamics 20
  • 2.1 Market Size and Forecast 20
  • 2.1.1 Impact of COVID-19 on World Economy 22
  • 2.1.2 Impact of COVID-19 on the Market 25
  • 2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 27
  • 2.2 Major Growth Drivers 31
  • 2.3 Market Restraints and Challenges 34
  • 2.4 Emerging Opportunities and Market Trends 37
  • 2.5 Porter’s Fiver Forces Analysis 41
  • 3 Segmentation of Europe Market by Component 45
  • 3.1 Market Overview by Component 45
  • 3.2 Hardware 47
  • 3.3 Software & Service 48
  • 4 Segmentation of Europe Market by Technology 49
  • 4.1 Market Overview by Technology 49
  • 4.2 Automatic Meter Reading (AMR) 51
  • 4.3 Advanced Metering Infrastructure (AMI) 52
  • 5 Segmentation of Europe Market by Product Type 53
  • 5.1 Market Overview by Product Type 53
  • 5.2 Smart Diaphragm Gas Meter 55
  • 5.3 Smart Ultrasonic Gas Meter 56
  • 6 Segmentation of Europe Market by Smart Card 57
  • 6.1 Market Overview by Smart Card 57
  • 6.2 CPU Card-based Meters 59
  • 6.3 RFID Card-based Meters 60
  • 6.4 Other Card-based Meters 61
  • 7 Segmentation of Europe Market by End Use 62
  • 7.1 Market Overview by End Use 62
  • 7.2 Residential Use 64
  • 7.3 Commercial Use 65
  • 7.4 Industrial Use 66
  • 8 European Market 2022-2032 by Country 67
  • 8.1 Overview of European Market 67
  • 8.2 Germany 70
  • 8.3 UK 72
  • 8.4 France 74
  • 8.5 Spain 77
  • 8.6 Italy 79
  • 8.7 Russia 81
  • 8.8 Rest of European Market 83
  • 9 Competitive Landscape 85
  • 9.1 Overview of Key Vendors 85
  • 9.2 New Product Launch, Partnership, Investment, and M&A 88
  • 9.3 Company Profiles 89
  • Aclara Technologies 89
  • AEM 91
  • Aichi Tokei Denki Co. Ltd. 93
  • Apator SA 95
  • Azbil Kimmon Co. Ltd (Azbil Corporation) 97
  • Badger Meter, Inc. 100
  • Chongqing Shancheng Gas Equipment Co., Ltd. 102
  • Dandong Dongfa (Group) Co., Ltd. 103
  • Diehl Stiftung GmbH & Co. KG 104
  • EDMI Ltd. 106
  • Elster Group GmbH (Honeywell International Inc.) 108
  • Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.) 110
  • Itron Inc. 113
  • Landis + GYR Group AG 116
  • Pietro Fiorentini SpA 118
  • Sagemcom SAS 121
  • Schneider Electric SE 124
  • Sensus Usa Inc. (Xylem Inc.) 127
  • Siemens AG 129
  • Wasion Group Holdings 133
  • Yazaki Corporation 136
  • Zenner International GmbH & Co. KG 138
  • Related Reports and Products 140



Table 1. Snapshot of Europe Smart Gas Meter Market in Balanced Perspective, 2022-2032 18
Table 2. World Economic Outlook, 2021-2031 23
Table 3. World Economic Outlook, 2021-2023 24
Table 4. Scenarios for Economic Impact of Ukraine Crisis 28
Table 5. Main Product Trends and Market Opportunities in Europe Smart Gas Meter Market 37
Table 6. Europe Smart Gas Meter Market by Component, 2022-2032, $ mn 45
Table 7. Europe Smart Gas Meter Market by Technology, 2022-2032, $ mn 49
Table 8. Europe Smart Gas Meter Market by Product Type, 2022-2032, $ mn 53
Table 9. Europe Smart Gas Meter Market by Smart Card, 2022-2032, $ mn 57
Table 10. Europe Smart Gas Meter Market by End Use, 2022-2032, $ mn 62
Table 11. Europe Smart Gas Meter Market by Country, 2022-2032, $ mn 69
Table 12. Germany Smart Gas Meter Market by Component, 2022-2032, $ mn 71
Table 13. Germany Smart Gas Meter Market by Technology, 2022-2032, $ mn 71
Table 14. Germany Smart Gas Meter Market by End Use, 2022-2032, $ mn 71
Table 15. UK Smart Gas Meter Market by Component, 2022-2032, $ mn 73
Table 16. UK Smart Gas Meter Market by Technology, 2022-2032, $ mn 73
Table 17. UK Smart Gas Meter Market by End Use, 2022-2032, $ mn 73
Table 18. France Smart Gas Meter Market by Component, 2022-2032, $ mn 75
Table 19. France Smart Gas Meter Market by Technology, 2022-2032, $ mn 75
Table 20. France Smart Gas Meter Market by End Use, 2022-2032, $ mn 75
Table 21. Spain Smart Gas Meter Market by Component, 2022-2032, $ mn 78
Table 22. Spain Smart Gas Meter Market by Technology, 2022-2032, $ mn 78
Table 23. Spain Smart Gas Meter Market by End Use, 2022-2032, $ mn 78
Table 24. Italy Smart Gas Meter Market by Component, 2022-2032, $ mn 80
Table 25. Italy Smart Gas Meter Market by Technology, 2022-2032, $ mn 80
Table 26. Italy Smart Gas Meter Market by End Use, 2022-2032, $ mn 80
Table 27. Russia Smart Gas Meter Market by Component, 2022-2032, $ mn 82
Table 28. Russia Smart Gas Meter Market by Technology, 2022-2032, $ mn 82
Table 29. Russia Smart Gas Meter Market by End Use, 2022-2032, $ mn 82
Table 30. Smart Gas Meter Market in Rest of Europe by Country, 2022-2032, $ mn 84
Table 31. Aclara Technologies: Company Snapshot 89
Table 32. Aclara Technologies: Business Segmentation 90
Table 33. Aclara Technologies: Product Portfolio 90
Table 34. AEM: Company Snapshot 91
Table 35. Aichi Tokei Denki Co. Ltd.: Company Snapshot 93
Table 36. Aichi Tokei Denki Co. Ltd.: Product Portfolio 94
Table 37. Apator SA: Company Snapshot 95
Table 38. Apator SA: Business Segmentation 96
Table 39. Apator SA: Revenue by Region 96
Table 40. Apator SA: Product Portfolio 96
Table 41. Azbil Kimmon Co. Ltd (Azbil Corporation): Company Snapshot 97
Table 42. Azbil Kimmon Co. Ltd (Azbil Corporation): Business Segmentation 98
Table 43. Azbil Kimmon Co. Ltd (Azbil Corporation): Revenue by Region 98
Table 44. Azbil Kimmon Co. Ltd (Azbil Corporation): Product Portfolio 99
Table 45. Badger Meter, Inc.: Company Snapshot 100
Table 46. Badger Meter, Inc.: Revenue by Region 100
Table 47. Badger Meter, Inc.: Product Portfolio 101
Table 48. Chongqing Shancheng Gas Equipment Co., Ltd.: Company Snapshot 102
Table 49. Dandong Dongfa (Group) Co., Ltd.: Company Snapshot 103
Table 50. Diehl Stiftung GmbH & Co. KG: Company Snapshot 104
Table 51. Diehl Stiftung GmbH & Co. KG: Business Segmentation 105
Table 52. Diehl Stiftung GmbH & Co. KG: Product Portfolio 105
Table 53. EDMI Ltd.: Company Snapshot 106
Table 54. EDMI Ltd.: Product Portfolio 106
Table 55. Elster Group GmbH (Honeywell International Inc.): Company Snapshot 108
Table 56. Elster Group GmbH (Honeywell International Inc.): Business Segmentation 109
Table 57. Elster Group GmbH (Honeywell International Inc.): Revenue by Region 109
Table 58. Elster Group GmbH (Honeywell International Inc.): Product Portfolio 109
Table 59. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Company Snapshot 110
Table 60. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Product Portfolio 111
Table 61. Itron Inc.: Company Snapshot 113
Table 62. Itron Inc.: Business Segmentation 114
Table 63. Itron Inc.: Revenue by Region 114
Table 64. Itron Inc.: Product Portfolio 114
Table 65. Landis + GYR Group AG: Company Snapshot 116
Table 66. Landis + GYR Group AG: Revenue by Region 116
Table 67. Landis + GYR Group AG: Product Portfolio 117
Table 68. Pietro Fiorentini SpA: Company Snapshot 118
Table 69. Pietro Fiorentini SpA: Product Portfolio 119
Table 70. Sagemcom SAS: Company Snapshot 121
Table 71. Sagemcom SAS: Business Segmentation 122
Table 72. Sagemcom SAS: Product Portfolio 122
Table 73. Schneider Electric SE: Company Snapshot 124
Table 74. Schneider Electric SE: Business Segmentation 124
Table 75. Schneider Electric SE: Revenue by Region 125
Table 76. Sensus Usa Inc. (Xylem Inc.): Company Snapshot 127
Table 77. Sensus Usa Inc. (Xylem Inc.): Business Segmentation 128
Table 78. Sensus Usa Inc. (Xylem Inc.): Revenue by Region 128
Table 79. Sensus Usa Inc. (Xylem Inc.): Product Portfolio 128
Table 80. Siemens AG: Company Snapshot 129
Table 81. Siemens AG: Business Segmentation 129
Table 82. Siemens AG: Revenue by Region 130
Table 83. Wasion Group Holdings: Company Snapshot 133
Table 84. Wasion Group Holdings: Business Segmentation 134
Table 85. Wasion Group Holdings: Revenue by Region 134
Table 86. Wasion Group Holdings: Product Portfolio 134
Table 87. Yazaki Corporation: Company Snapshot 136
Table 88. Yazaki Corporation: Revenue by Region 136
Table 89. Yazaki Corporation: Product Portfolio 137
Table 90. Zenner International GmbH & Co. KG: Company Snapshot 138
Table 91. Zenner International GmbH & Co. KG: Product Portfolio 139



Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 17
Figure 4. Europe Smart Gas Meter Market by Value, 2022-2032, $ mn 20
Figure 5. Europe Smart Gas Meter Market by Volume, 2022-2032, million units 21
Figure 6. Impact of COVID-19 on Business 25
Figure 7. Primary Drivers and Impact Factors of Europe Smart Gas Meter Market 31
Figure 8. Primary Restraints and Impact Factors of Europe Smart Gas Meter Market 34
Figure 9. Investment Opportunity Analysis 38
Figure 10. Porter’s Fiver Forces Analysis of Europe Smart Gas Meter Market 41
Figure 11. Breakdown of Europe Smart Gas Meter Market by Component, 2022-2032, % of Revenue 45
Figure 12. Contribution to Europe 2023-2032 Cumulative Revenue by Component, Value ($ mn) and Share (%) 46
Figure 13. Europe Smart Gas Meter Market: Hardware, 2022-2032, $ mn 47
Figure 14. Europe Smart Gas Meter Market: Software & Service, 2022-2032, $ mn 48
Figure 15. Breakdown of Europe Smart Gas Meter Market by Technology, 2022-2032, % of Revenue 49
Figure 16. Contribution to Europe 2023-2032 Cumulative Revenue by Technology, Value ($ mn) and Share (%) 50
Figure 17. Europe Smart Gas Meter Market: Automatic Meter Reading (AMR), 2022-2032, $ mn 51
Figure 18. Europe Smart Gas Meter Market: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 52
Figure 19. Breakdown of Europe Smart Gas Meter Market by Product Type, 2022-2032, % of Revenue 53
Figure 20. Contribution to Europe 2023-2032 Cumulative Revenue by Product Type, Value ($ mn) and Share (%) 54
Figure 21. Europe Smart Gas Meter Market: Smart Diaphragm Gas Meter, 2022-2032, $ mn 55
Figure 22. Europe Smart Gas Meter Market: Smart Ultrasonic Gas Meter, 2022-2032, $ mn 56
Figure 23. Breakdown of Europe Smart Gas Meter Market by Smart Card, 2022-2032, % of Revenue 57
Figure 24. Contribution to Europe 2023-2032 Cumulative Revenue by Smart Card, Value ($ mn) and Share (%) 58
Figure 25. Europe Smart Gas Meter Market: CPU Card-based Meters, 2022-2032, $ mn 59
Figure 26. Europe Smart Gas Meter Market: RFID Card-based Meters, 2022-2032, $ mn 60
Figure 27. Europe Smart Gas Meter Market: Other Card-based Meters, 2022-2032, $ mn 61
Figure 28. Breakdown of Europe Smart Gas Meter Market by End Use, 2022-2032, % of Revenue 62
Figure 29. Contribution to Europe 2023-2032 Cumulative Revenue by End Use, Value ($ mn) and Share (%) 63
Figure 30. Europe Smart Gas Meter Market: Residential Use, 2022-2032, $ mn 64
Figure 31. Europe Smart Gas Meter Market: Commercial Use, 2022-2032, $ mn 65
Figure 32. Europe Smart Gas Meter Market: Industrial Use, 2022-2032, $ mn 66
Figure 33. Breakdown of European Smart Gas Meter Market by Country, 2022 and 2032, % of Revenue 68
Figure 34. Contribution to Europe 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 69
Figure 35. Smart Gas Meter Market in Germany, 2022-2032, $ mn 70
Figure 36. Smart Gas Meter Market in UK, 2022-2032, $ mn 72
Figure 37. Smart Gas Meter Market in France, 2022-2032, $ mn 74
Figure 38. Smart Gas Meter Market in Spain, 2022-2032, $ mn 77
Figure 39. Smart Gas Meter Market in Italy, 2022-2032, $ mn 79
Figure 40. Smart Gas Meter Market in Russia, 2022-2032, $ mn 81
Figure 41. Smart Gas Meter Market in Rest of Europe, 2022-2032, $ mn 83
Figure 42. Growth Stage of Europe Smart Gas Meter Industry over the Forecast Period 85
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Europe Smart Gas Meter Market Outlook, 2029

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