Smart Gas Meter Market Regional Outlook, Competitive Analysis, Application and Forecasts To 2028

A combination of smart meter technology with sensors for smart valves, gas leak detectors, and gas pressure represents an opportunity for gas utilities to boost safety and efficiency. The smart gas meter technology will likely gain remarkable traction, as it provides data for energy suppliers and homeowners to better understand energy consumption habits.

The establishment of strict standards to encourage electric and natural gas utilities to curb the gas usage of their consumers by targeted amounts is one of the prominent factors contributing to smart gas meter market development.

Likewise, there has been a strong focus on the use of natural gas to reduce environmental impacts, influencing gas utility service providers to expand their business footprint. Also, governments are modernizing the overall utility sector to improve operational and financial efficiencies.

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Delivery of gas utility services for smart meters to meet climate targets

Member states of the EU have been promoting smart gas meter installations based on the European directives issued after the launch of the 20-20-20 climate targets. With the escalating adoption of smart devices, Panasonic Corporation, for example, unveiled its plan to start offering gas utility services in Europe in the autumn of 2021.

These services, developed as a one-stop solution, included data analysis, monitoring, and collection, as well as devices for smart gas meters. The objective behind this move was to bolster its footprint in the market where the consumption of smart natural gas meters is growing considerably to improve energy efficiency and mitigate environmental impact.

Proliferation of smart meters production for residential customers

Over the years, developing nations have been making significant efforts to modernize the energy distribution sector, improve efficiencies and reduce losses. To that end, the Indian government doubled down on its drive to increase smart meters for all residential customers by 2025. Several energy companies across the country are also witnessing heightened demand for such meters.

IntelliSmart and EESL, for instance, received orders of nearly 8 million meters in 2021, of which, 1.7 million have already been installed. Along similar lines, the government was planning to install 250 million smart meters over the next 3 to 4 years, which could help the smart gas meter market to thrive in the country.

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Regulatory approval of ultrasonic gas meters in North America
Leading energy management services providers are focusing on transforming the way gas is delivered efficiently and safely in North America. To cite an instance, in January 2022, Itron, Inc. received Measurement Canada’s type approval for its Intelis residential ultrasonic smart gas meter, which has an internal shutoff valve.

With the use of the product, utilities and cities can extend the intelligence of the gas communications network to the edge, thus enhancing employee and customer safety and improving operational savings.

Global Smart Gas Meter Market growth will be positively affected by the notable presence of reputed organizations, such as Honeywell International, Inc., Osaki Electric Co., Ltd., Itron, Inc., Landis+Gyr, Sensus, Aclara Technologies LLC, Schneider Electric SE, Apator SA

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