Benefiting from the optimization of the global energy structure and the promotion of intelligent trends, the global smart gas meter market is undergoing rapid development and transformation. According to our research data, the global smart gas meter market size was $2953 million in 2023. In the coming years, with the deepening application of technologies such as the Internet of Things, big data, and artificial intelligence, traditional gas meters will gradually be replaced by smart gas meters, and the market will achieve further growth. It is expected that by 2028, the global market size of smart gas meters will increase to $4171 million. In addition, from the perspective of product performance, it is expected that smart gas meters will become more intelligent, and capable of remote monitoring, fault diagnosis, automatic meter reading, and other functions, improving the efficiency and safety of gas management.

From the perspective of market competition, the concentration of the global smart gas meter market is relatively low. According to our data, the total output value of smart gas meters by the top 3 companies was $877 million in 2023, with a total share of 29.71%. The top 3 companies were Elster (Honeywell), Ion, Inc., and Zenner. In 2023, these three companies accounted for 11.64%, 9.49%, and 8.58% of the global smart gas meter output value, respectively.

 

Source: www.globalmarketmonitor.com