Asia Pacific Smart Gas Meter Market Outlook, 2029

The Asia Pacific Smart Gas Meter Market is projected to reach a value exceeding USD 22.8 billion by 2027, driven by improved meter reading accuracy.

According to publisher. The Asia-Pacific smart gas meter market is rapidly emerging as a significant force in the global energy landscape. Fueled by a growing population, rising energy consumption, and increasing environmental concerns, the region is witnessing a surge in smart gas meter adoption. This report delves into the key aspects of this market, exploring market insights, dynamics, segmentation, regional variations, recent developments, and the competitive landscape. Market Insights

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Market Size and Growth: The Asia-Pacific smart gas meter market is projected to reach a value exceeding USD 22.8 billion by 2027, with a staggering CAGR exceeding 15%. This phenomenal growth signifies the rapid pace of smart gas meter adoption across the region. Growth Drivers: Several factors are propelling the Asia-Pacific smart gas meter market forward: Rapid Urbanization and Rising Energy Demand: The booming urban population in Asia-Pacific is leading to a surge in energy demand, including natural gas. Smart gas meters enable efficient gas utilization and provide valuable data for infrastructure planning and grid management. Government Initiatives and Regulations: Governments across the region are introducing policies and regulations that incentivize or mandate smart gas meter deployment. For example, China has ambitious smart metering goals, aiming to equip millions of households with smart gas meters in the coming years. Focus on Energy Efficiency and Sustainability: Environmental concerns and rising energy costs are driving the need for energy efficiency solutions. Smart gas meters empower consumers with real-time insights into their consumption, enabling them to make informed choices and reduce their gas usage. Aging Infrastructure: A significant portion of the gas meter infrastructure in Asia-Pacific is aging and requires modernization. Smart gas meters offer a technologically advanced and future-proof solution. Technological Advancements: Advancements in communication technologies like cellular networks, radio frequency identification (RFID), and Low Power Wide Area Networks (LPWAN) are fostering the development of more advanced and cost-effective smart gas meters. Benefits of Smart Gas Meters: The adoption of smart gas meters offers a multitude of advantages:

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Manmayi Raval

Manmayi Raval

Research Consultant

Improved Meter Reading Accuracy: Smart meters eliminate manual meter reading errors, ensuring accurate billing. 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: 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, reducing strain on the grid. Improved Customer Service: Utilities can leverage meter data to provide improved customer service, such as personalized usage reports and targeted energy-saving tips. Market Dynamics The Asia-Pacific smart gas meter market is a dynamic environment shaped by several key forces: Cost Considerations: The upfront investment required for deploying smart meters, including technology, infrastructure, and installation costs, can be a barrier for some utilities, particularly in developing economies. Data Security and Privacy 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 for communication protocols and meter specifications. However, the lack of complete standardization across different countries can create compatibility issues. Evolving Regulatory Landscape: Regulatory frameworks regarding smart meter deployment are evolving across the region. This requires flexibility and adaptability from market players. Market Segments The Asia-Pacific 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 regions of Australia with limited alternative infrastructure, cellular networks might be the preferred choice for smart meter communication, 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 in Singapore could benefit from RFID technology due to its cost-effectiveness and suitability for short-range communication within the building complex. Low Power Wide Area Networks (LPWAN): LPWAN technologies like LoRaWAN and NB-IoT offer a balance between cost, coverage, and power consumption, making them attractive options for smart gas meter deployments in vast geographical regions. Example: China, with its vast territory and diverse landscapes, could leverage LPWAN technologies for their scalability and efficient data transmission across a wide network of smart gas meters in both urban and rural areas. Application:

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Manmayi Raval

Residential: The residential sector represents the largest and fastest-growing segment of the Asia-Pacific smart gas meter market, driven by government initiatives, growing urbanization, and increasing 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: India has launched a national smart metering mission, with a focus on installing smart gas meters in residential areas to improve energy efficiency and reduce gas distribution losses. 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 in South Korea might install smart gas meters to monitor energy consumption across different production lines, identifying areas for efficiency improvements and cost savings. Regional Analysis The Asia-Pacific smart gas meter market presents variations across the region: East Asia: China is the undisputed leader in the Asia-Pacific smart gas meter market, driven by ambitious government initiatives, a large population base, and a growing focus on energy efficiency. Other East Asian countries like Japan and South Korea also have established smart metering programs. Example: China's National Energy Administration has set ambitious targets for smart gas meter deployment, aiming to equip millions of households with smart meters in the coming years. Southeast Asia: Southeast Asian countries like Singapore, Thailand, and Vietnam are witnessing increasing adoption of smart gas meters. Government initiatives, rising energy demand, and investments in infrastructure development are driving market growth. Example: Singapore has a well-defined roadmap for smart metering deployment, aiming to create a future-proof energy grid and promote energy efficiency. South Asia: South Asian countries like India and Pakistan are at an earlier stage of smart gas meter adoption. However, these countries are experiencing significant growth, driven by government initiatives and a growing focus on energy security and affordability. Example: India's Smart Metering Mission aims to equip over 250 million households with smart meters by 2032, marking a significant step towards a more efficient and sustainable gas distribution network. Key Developments The Asia-Pacific 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, Honeywell's acquisition of Elster Group in 2016 strengthened its presence in the Asian smart metering market. 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. Example: A state-owned gas utility in Malaysia might conduct a pilot project in a specific city to test the effectiveness of different communication technologies for smart meter data transmission before a wider nationwide rollout. Competitive Landscape The Asia-Pacific smart gas meter market is a competitive landscape with a mix of established international players and domestic companies. Some of the key players include: Itron (US): A leading provider of smart metering solutions with a strong presence in Asia-Pacific. Honeywell (US): Offers a range of smart gas meters and related technologies catering to the Asian market. Example: Honeywell recently partnered with a leading Chinese gas distribution company to deploy smart gas meters in millions of households across China. Landis+Gyr (Switzerland): Has a significant presence in the Asia-Pacific smart gas meter market, with a focus on advanced metering solutions. Aclara Technologies (US): Provides advanced metering infrastructure (AMI) solutions for utilities across Asia-Pacific. Domestic players:** Several domestic companies in countries like China, India, and South Korea are also playing a significant role in the market

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 Asia Pacific Market by Component 45
  • 3.1 Market Overview by Component 45
  • 3.2 Hardware 47
  • 3.3 Software & Service 48
  • 4 Segmentation of Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia-Pacific Market 2022-2032 by Country 67
  • 8.1 Overview of Asia-Pacific Market 67
  • 8.2 Japan 70
  • 8.3 China 73
  • 8.4 Australia 75
  • 8.5 India 77
  • 8.6 South Korea 79
  • 8.7 Rest of APAC Region 81
  • 9 Competitive Landscape 83
  • 9.1 Overview of Key Vendors 83
  • 9.2 New Product Launch, Partnership, Investment, and M&A 86
  • 9.3 Company Profiles 87
  • Aclara Technologies 87
  • AEM 89
  • Aichi Tokei Denki Co. Ltd. 91
  • Apator SA 93
  • Azbil Kimmon Co. Ltd (Azbil Corporation) 95
  • Badger Meter, Inc. 98
  • Chongqing Shancheng Gas Equipment Co., Ltd. 100
  • Dandong Dongfa (Group) Co., Ltd. 101
  • Diehl Stiftung GmbH & Co. KG 102
  • EDMI Ltd. 104
  • Elster Group GmbH (Honeywell International Inc.) 106
  • Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.) 108
  • Itron Inc. 111
  • Landis + GYR Group AG 114
  • Pietro Fiorentini SpA 116
  • Sagemcom SAS 119
  • Schneider Electric SE 122
  • Sensus Usa Inc. (Xylem Inc.) 125
  • Siemens AG 127
  • Wasion Group Holdings 131
  • Yazaki Corporation 134
  • Zenner International GmbH & Co. KG 136
  • Related Reports and Products 138



Table 1. Snapshot of Asia Pacific 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 Asia Pacific Smart Gas Meter Market 37
Table 6. Asia Pacific Smart Gas Meter Market by Component, 2022-2032, $ mn 45
Table 7. Asia Pacific Smart Gas Meter Market by Technology, 2022-2032, $ mn 49
Table 8. Asia Pacific Smart Gas Meter Market by Product Type, 2022-2032, $ mn 53
Table 9. Asia Pacific Smart Gas Meter Market by Smart Card, 2022-2032, $ mn 57
Table 10. Asia Pacific Smart Gas Meter Market by End Use, 2022-2032, $ mn 62
Table 11. APAC Smart Gas Meter Market by Country, 2022-2032, $ mn 68
Table 12. Japan Smart Gas Meter Market by Component, 2022-2032, $ mn 72
Table 13. Japan Smart Gas Meter Market by Technology, 2022-2032, $ mn 72
Table 14. Japan Smart Gas Meter Market by End Use, 2022-2032, $ mn 72
Table 15. China Smart Gas Meter Market by Component, 2022-2032, $ mn 74
Table 16. China Smart Gas Meter Market by Technology, 2022-2032, $ mn 74
Table 17. China Smart Gas Meter Market by End Use, 2022-2032, $ mn 74
Table 18. Australia Smart Gas Meter Market by Component, 2022-2032, $ mn 76
Table 19. Australia Smart Gas Meter Market by Technology, 2022-2032, $ mn 76
Table 20. Australia Smart Gas Meter Market by End Use, 2022-2032, $ mn 76
Table 21. India Smart Gas Meter Market by Component, 2022-2032, $ mn 78
Table 22. India Smart Gas Meter Market by Technology, 2022-2032, $ mn 78
Table 23. India Smart Gas Meter Market by End Use, 2022-2032, $ mn 78
Table 24. South Korea Smart Gas Meter Market by Component, 2022-2032, $ mn 80
Table 25. South Korea Smart Gas Meter Market by Technology, 2022-2032, $ mn 80
Table 26. South Korea Smart Gas Meter Market by End Use, 2022-2032, $ mn 80
Table 27. Smart Gas Meter Market in Rest of APAC by Country/Region, 2022-2032, $ mn 82
Table 28. Aclara Technologies: Company Snapshot 87
Table 29. Aclara Technologies: Business Segmentation 88
Table 30. Aclara Technologies: Product Portfolio 88
Table 31. AEM: Company Snapshot 89
Table 32. Aichi Tokei Denki Co. Ltd.: Company Snapshot 91
Table 33. Aichi Tokei Denki Co. Ltd.: Product Portfolio 92
Table 34. Apator SA: Company Snapshot 93
Table 35. Apator SA: Business Segmentation 94
Table 36. Apator SA: Revenue by Region 94
Table 37. Apator SA: Product Portfolio 94
Table 38. Azbil Kimmon Co. Ltd (Azbil Corporation): Company Snapshot 95
Table 39. Azbil Kimmon Co. Ltd (Azbil Corporation): Business Segmentation 96
Table 40. Azbil Kimmon Co. Ltd (Azbil Corporation): Revenue by Region 96
Table 41. Azbil Kimmon Co. Ltd (Azbil Corporation): Product Portfolio 97
Table 42. Badger Meter, Inc.: Company Snapshot 98
Table 43. Badger Meter, Inc.: Revenue by Region 98
Table 44. Badger Meter, Inc.: Product Portfolio 99
Table 45. Chongqing Shancheng Gas Equipment Co., Ltd.: Company Snapshot 100
Table 46. Dandong Dongfa (Group) Co., Ltd.: Company Snapshot 101
Table 47. Diehl Stiftung GmbH & Co. KG: Company Snapshot 102
Table 48. Diehl Stiftung GmbH & Co. KG: Business Segmentation 103
Table 49. Diehl Stiftung GmbH & Co. KG: Product Portfolio 103
Table 50. EDMI Ltd.: Company Snapshot 104
Table 51. EDMI Ltd.: Product Portfolio 104
Table 52. Elster Group GmbH (Honeywell International Inc.): Company Snapshot 106
Table 53. Elster Group GmbH (Honeywell International Inc.): Business Segmentation 107
Table 54. Elster Group GmbH (Honeywell International Inc.): Revenue by Region 107
Table 55. Elster Group GmbH (Honeywell International Inc.): Product Portfolio 107
Table 56. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Company Snapshot 108
Table 57. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Product Portfolio 109
Table 58. Itron Inc.: Company Snapshot 111
Table 59. Itron Inc.: Business Segmentation 112
Table 60. Itron Inc.: Revenue by Region 112
Table 61. Itron Inc.: Product Portfolio 112
Table 62. Landis + GYR Group AG: Company Snapshot 114
Table 63. Landis + GYR Group AG: Revenue by Region 114
Table 64. Landis + GYR Group AG: Product Portfolio 115
Table 65. Pietro Fiorentini SpA: Company Snapshot 116
Table 66. Pietro Fiorentini SpA: Product Portfolio 117
Table 67. Sagemcom SAS: Company Snapshot 119
Table 68. Sagemcom SAS: Business Segmentation 120
Table 69. Sagemcom SAS: Product Portfolio 120
Table 70. Schneider Electric SE: Company Snapshot 122
Table 71. Schneider Electric SE: Business Segmentation 122
Table 72. Schneider Electric SE: Revenue by Region 123
Table 73. Sensus Usa Inc. (Xylem Inc.): Company Snapshot 125
Table 74. Sensus Usa Inc. (Xylem Inc.): Business Segmentation 126
Table 75. Sensus Usa Inc. (Xylem Inc.): Revenue by Region 126
Table 76. Sensus Usa Inc. (Xylem Inc.): Product Portfolio 126
Table 77. Siemens AG: Company Snapshot 127
Table 78. Siemens AG: Business Segmentation 127
Table 79. Siemens AG: Revenue by Region 128
Table 80. Wasion Group Holdings: Company Snapshot 131
Table 81. Wasion Group Holdings: Business Segmentation 132
Table 82. Wasion Group Holdings: Revenue by Region 132
Table 83. Wasion Group Holdings: Product Portfolio 132
Table 84. Yazaki Corporation: Company Snapshot 134
Table 85. Yazaki Corporation: Revenue by Region 134
Table 86. Yazaki Corporation: Product Portfolio 135
Table 87. Zenner International GmbH & Co. KG: Company Snapshot 136
Table 88. Zenner International GmbH & Co. KG: Product Portfolio 137



Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 17
Figure 4. Asia Pacific Smart Gas Meter Market by Value, 2022-2032, $ mn 20
Figure 5. Asia Pacific 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 Asia Pacific Smart Gas Meter Market 31
Figure 8. Primary Restraints and Impact Factors of Asia Pacific Smart Gas Meter Market 34
Figure 9. Investment Opportunity Analysis 38
Figure 10. Porter’s Fiver Forces Analysis of Asia Pacific Smart Gas Meter Market 41
Figure 11. Breakdown of Asia Pacific Smart Gas Meter Market by Component, 2022-2032, % of Revenue 45
Figure 12. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by Component, Value ($ mn) and Share (%) 46
Figure 13. Asia Pacific Smart Gas Meter Market: Hardware, 2022-2032, $ mn 47
Figure 14. Asia Pacific Smart Gas Meter Market: Software & Service, 2022-2032, $ mn 48
Figure 15. Breakdown of Asia Pacific Smart Gas Meter Market by Technology, 2022-2032, % of Revenue 49
Figure 16. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by Technology, Value ($ mn) and Share (%) 50
Figure 17. Asia Pacific Smart Gas Meter Market: Automatic Meter Reading (AMR), 2022-2032, $ mn 51
Figure 18. Asia Pacific Smart Gas Meter Market: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 52
Figure 19. Breakdown of Asia Pacific Smart Gas Meter Market by Product Type, 2022-2032, % of Revenue 53
Figure 20. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by Product Type, Value ($ mn) and Share (%) 54
Figure 21. Asia Pacific Smart Gas Meter Market: Smart Diaphragm Gas Meter, 2022-2032, $ mn 55
Figure 22. Asia Pacific Smart Gas Meter Market: Smart Ultrasonic Gas Meter, 2022-2032, $ mn 56
Figure 23. Breakdown of Asia Pacific Smart Gas Meter Market by Smart Card, 2022-2032, % of Revenue 57
Figure 24. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by Smart Card, Value ($ mn) and Share (%) 58
Figure 25. Asia Pacific Smart Gas Meter Market: CPU Card-based Meters, 2022-2032, $ mn 59
Figure 26. Asia Pacific Smart Gas Meter Market: RFID Card-based Meters, 2022-2032, $ mn 60
Figure 27. Asia Pacific Smart Gas Meter Market: Other Card-based Meters, 2022-2032, $ mn 61
Figure 28. Breakdown of Asia Pacific Smart Gas Meter Market by End Use, 2022-2032, % of Revenue 62
Figure 29. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by End Use, Value ($ mn) and Share (%) 63
Figure 30. Asia Pacific Smart Gas Meter Market: Residential Use, 2022-2032, $ mn 64
Figure 31. Asia Pacific Smart Gas Meter Market: Commercial Use, 2022-2032, $ mn 65
Figure 32. Asia Pacific Smart Gas Meter Market: Industrial Use, 2022-2032, $ mn 66
Figure 33. Breakdown of APAC Smart Gas Meter Market by Country, 2022 and 2032, % of Revenue 68
Figure 34. Contribution to APAC 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 69
Figure 35. Smart Gas Meter Market in Japan, 2022-2032, $ mn 71
Figure 36. Smart Gas Meter Market in China, 2022-2032, $ mn 73
Figure 37. Smart Gas Meter Market in Australia, 2022-2032, $ mn 75
Figure 38. Smart Gas Meter Market in India, 2022-2032, $ mn 77
Figure 39. Smart Gas Meter Market in South Korea, 2022-2032, $ mn 79
Figure 40. Smart Gas Meter Market in Rest of APAC, 2022-2032, $ mn 81
Figure 41. Growth Stage of Asia Pacific Smart Gas Meter Industry over the Forecast Period 83
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Asia Pacific Smart Gas Meter Market Outlook, 2029

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