Gas Meters Market Synopsis

Gas Meters Market Size Was Valued at USD  4.70 Billion in 2023, and is Projected to Reach USD  7.61 Billion by 2032, Growing at a CAGR of 5.50% From 2024-2032.

Gas meters are equipments which are used to determine either the delivered volume of natural gas or propane to a home or a commercial establishment or used volume of same by the home or the establishment. These are meters that are usually mounted by utilities to enhance gas measurement to their customers to enable them have a foundation on billing. There are different types of gas meters that are commonly used, that is; diaphragm meters, turbine meters, and rotary meters that has specialized in different flows and uses. They can be said to perform duties of assessing and regulating charges for the fair utilization of the gas resources.

  • The gas meters market is growing at a significant rate for many reasons as described below. First of all, there has been innovations in the smart metering solution which has shift the market map. The advantages it has over the traditional meters are Real-time consumption Single-jar reading and better accuracy due to smart gas meters. These aspects help utilitiy companies to run their business effectively, improve their billing system and increase users’ awareness of their consumption habits.
  • It can also be noted the government programs, focused on saving energy and decreasing carbon dioxide emissions, also influence the demand for gas meters greatly. Growing Mandatory Rules of Smart Meters in Residential and Other Commercial Buildings Located in Different Areas have encouraged market growth. They are sometimes undertaken within programs of infrastructure development and best and sustainable practices in the use of energy.
  •  In addition, use of the internet in the control of management of utilities has also boosted the market higher through incorporation of Internet of Things (IoT). Smart gas meters through IoT helps to effectively collect data from the gas meters to the companies and the consumers. This also increases the operational efficiency as well as supports demand response programs and also allows for the performance of predictive maintenance and thus cutting costs and improving service delivery.
  •  Regarding the regional markets, an immense fluctuation in the dynamics of the gas meters market on a worldwide basis is observed. Thus, the great and developed countries from North America and Europe are the key consumers of smart metering solutions due to existing regulation and concern about energy efficiency. Hence while Europe and North America can be seen as matures markets that have peaked, and transitioning to growth figures more representative of developed nations with a increasingly aging population, Asia-Pacific and Latin American markets are still relatively urbanizing and industrializing the need reliable efficient and accurate metering of gas.
  • Most competitive forces that exist within the gas meters market include technological forces as well as strategic forces. Stakeholders are also focusing on research and development to produce sophisticated technologies that would be responsive to emerging customers’ and regulatory needs. Deals with technology vendors and utilities are also on the rise, as these smart metering solutions can be integrated into existing networks and boost the market growth.
  • Growing trends like internet of things, automation and smart organizations and government policies for improvisation of instruments are the reasons for gas meters market to grow rapidly in the future. The demand for change in using sustainable energy and for operational needs is also expected to drive the market growth globally which opens up opportunities for investment in the gas metering technology.

Gas Meters Market Trend Analysis

Adoption of Smart Gas Meters

  • New smart gas meters have been progressively gaining more and more acceptance with respect to the conventional gas meters in the market for several reasons. Benefits include, getting real time data, flexible meter readings and better monitoring of the gase usage. They also help the utilities in the continuous monitoring of customers’ consumption patterns, rapid identification of leakage points, and enhanced management of distribution systems. The evolution to smart meters also stems from regulation to create efficiency and greenhouse gas emission reduction.
  • In addition, consumers stand to have a proper billing that reflects the use made of the energy and possible cost reduction since usage is more efficiently controlled. Thus, with an expansion of technology the integration of smart meters as part of the smart grid will not only advance the energy sector in terms of allowing demand response programs, but also bring positive changes towards the improvement of sustainable energy practices in general.

Adoption of IoT-enabled Prepaid Gas Metering

  • A online prepaid gas meter enabled through IoT is proving to be a big game changer to the gas meters market. It points out that these systems combine IoT with the bill payment solutions, which makes it possible for utilities to control the usage of gas and payment online. Meters include IoT sensors that measure the usage of gas from the facilities and transmit the data in real-time to a central system. This helps utilities to make prepaid billing solutions in which consumers of the gas can see their usage in real-time via smartphone applications or web interfaces.
  •   Advantages are including accurate billing, the operational cost of manual meter reading, and customers’ convenience in managing energy consumption. The market growth is as a result of demands for efficient solutions for energy management, legal requirement in billing, and others, as well as demand for the adoption of digital platforms for customer interactions. Hence, key players in the market are using the latest IoT technology to create a more innovative, reliable and secure prepaid gas metering system enabling the market to grow more in energy management systems.

Gas Meters Market Segment Analysis:

Gas Meters Market Segmented based on Type Gas Meter,  Technology , and Application.

By  Type Gas Meter, Ultrasonic Gas Meters segment is expected to dominate the market during the forecast period

  • Different types of gas meters in the Gas Meters Market are indispensable as they are used to estimate and control demand for various gases in the industries. Hence diaphragms gas meters which offer accuracy and reliability have high market share in the residential applications because they offer efficiency when it comes to metering low to medium flow rates of gases. Industrial applications require accurate measurement and turbine gas meters with their ability to measure high flow rates and a very robust construction are ideal for such applications.
  • The features of ultrasonic gas meters, which operate on the principles of sound waves to determine gas flow, are becoming more popular due to non-contact operation and the possibilities for household and industrial use when remote metering is necessary. The rotary gas meters, which work on the positive displacement principle, enjoy high popularity in applications, where the applied flow rates are low to medium, however, they are also used in home and industrial usage. Thus, each type of gas meter provides some unique benefits based on the circumstances of the application, which enrich the existing tapestry of the gas meters market as the industries and consumers continue seeking the most effective, precise, and dependable gas measurement technologies.

By Technology  , Smart Gas Meters segment held the largest share in 2023

  • In the context of the Gas Meters Market, based on the technology, there are only two major kinds of divisions, those are Smart Gas Meters and Traditional Gas Meters. Smart Gas Meters combine device level applications such as IoT sensors, wireless modules (like LPWAN or cellular) and data analytics features for the purpose of controlling the gas usage in real time. These meters are useful in usage management, leakage identification and precise billing through the automation of the reading process for both the utilities as well as the consumers.
  •   On the other hand, Traditional Gas Meters involve the use of mechanical mechanisms for the measurement of quantity consumed and usually involve reading by a technician, and do not give real-time consumption as with the smart meters. Traditional meters are less complicated and in many cases cheaper to install compared to the smart meters but they do not have the features that are built in the smart meters, including self-monitoring abilities. The decision between these technologies depends on sometimes on regulatory mandates, preparedness of infrastructures, and costs as well as the utility’s aim towards enhancing operations and relations with customers under the changing environment in the new complex management systems of energy.

Gas Meters Market Regional Insights:

Asia Pacific  is Expected to Dominate the Market Over the Forecast period

  • The Asia Pacific region is expected to lead the gas meters market till the end of the forecast period, owing to several factors. The need for efficiency in metering, specifically in the development of natural gas requires fast solutions, of course, with the background of the urbanization and industrialization in countries such as China, India and Southeast Asia. Fostering of the government activities done towards laying down of gas pipelines for meeting the increasing energy demand is also advantageous for the market. Furthermore, emerging technologies like the smart gas meters, which provides and increase in metering accuracy, decrease operational expenses, remote functions and much more has received adoption in the region. New economy for gas and digitalization of infrastructure, smart city projects are other factors that contribute to the usage of enhanced gas metering systems in Asia Pacific’s city centers.
  •  Further, the favourable policy environment stemming from the importance given to efficiency and conservation of energy, has rallied the utilities and industrial sectors into investing in upgraded metering systems, and this is a good sign for the market’s growth. Asia Pacific stands out as another promising region owing to stable economic development and continuous constructions of new infrastructures; it is expected that this region will retain its leading status in the market of gas meters and its innovations in the forecast period.

Active Key Players in the Gas Meters Market

  • Elster (Germany)
  • Landis+Gyr (Switzerland)
  • Aclara (United States)
  • Badger Meter (United States)
  • Krohne (Germany)
  • Diehl Metering (Germany)
  • ABB (Switzerland)
  • Actaris (France)
  • Itron (United States)
  • General Electric (United States), Other Key Players

 

Global Gas Meters Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2024:

USD 4.70 Bn.

Forecast Period 2024-32 CAGR:

5.50%

Market Size in 2032:

USD 7.61 Bn.

Segments Covered:

 By Type of Gas Meters

  • Diaphragm Gas Meters
  •  Turbine Gas Meters
  •  Ultrasonic Gas Meters
  •  Rotary Gas Meters

By Technology

  • Smart Gas Meters
  •  Traditional Gas Meters

By Application

  • Residential
  • Commercial
  • Industrial

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Technological Advancements

Key Market Restraints:

  • Infrastructure Limitations

Key Opportunities:

  • Adoption of IoT-enabled Prepaid Gas Metering

Companies Covered in the report:

  • Elster (Germany),Landis+Gyr (Switzerland),Aclara (United States),Badger Meter (United States),Krohne (Germany),Diehl Metering (Germany),and Other Major Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Gas Meters Market by Type of Gas Meters
 4.1 Gas Meters Market Snapshot and Growth Engine
 4.2 Gas Meters Market Overview
 4.3 Diaphragm Gas Meters
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Diaphragm Gas Meters: Geographic Segmentation Analysis
 4.4 Turbine Gas Meters
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Turbine Gas Meters: Geographic Segmentation Analysis
 4.5 Ultrasonic Gas Meters
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Ultrasonic Gas Meters: Geographic Segmentation Analysis
 4.6 Rotary Gas Meters
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Rotary Gas Meters: Geographic Segmentation Analysis

Chapter 5: Gas Meters Market by Technology
 5.1 Gas Meters Market Snapshot and Growth Engine
 5.2 Gas Meters Market Overview
 5.3 Smart Gas Meters
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Smart Gas Meters: Geographic Segmentation Analysis
 5.4 Traditional Gas Meters
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Traditional Gas Meters: Geographic Segmentation Analysis

Chapter 6: Gas Meters Market by Application
 6.1 Gas Meters Market Snapshot and Growth Engine
 6.2 Gas Meters Market Overview
 6.3 Residential
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Residential: Geographic Segmentation Analysis
 6.4 Commercial
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Commercial: Geographic Segmentation Analysis
 6.5 Industrial
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Industrial: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Gas Meters Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 ELSTER (GERMANY)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 LANDIS+GYR (SWITZERLAND)
 7.4 ACLARA (UNITED STATES)
 7.5 BADGER METER (UNITED STATES)
 7.6 KROHNE (GERMANY)
 7.7 DIEHL METERING (GERMANY)
 7.8 ABB (SWITZERLAND)
 7.9 ACTARIS (FRANCE)
 7.10 ITRON (UNITED STATES)
 7.11 GENERAL ELECTRIC (UNITED STATES)

Chapter 8: Global Gas Meters Market By Region
 8.1 Overview
8.2. North America Gas Meters Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Type of Gas Meters
   8.2.4.1 Diaphragm Gas Meters
   8.2.4.2 Turbine Gas Meters
   8.2.4.3 Ultrasonic Gas Meters
   8.2.4.4 Rotary Gas Meters
  8.2.5 Historic and Forecasted Market Size By Technology
   8.2.5.1 Smart Gas Meters
   8.2.5.2 Traditional Gas Meters
  8.2.6 Historic and Forecasted Market Size By Application
   8.2.6.1 Residential
   8.2.6.2 Commercial
   8.2.6.3 Industrial
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
8.3. Eastern Europe Gas Meters Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Type of Gas Meters
   8.3.4.1 Diaphragm Gas Meters
   8.3.4.2 Turbine Gas Meters
   8.3.4.3 Ultrasonic Gas Meters
   8.3.4.4 Rotary Gas Meters
  8.3.5 Historic and Forecasted Market Size By Technology
   8.3.5.1 Smart Gas Meters
   8.3.5.2 Traditional Gas Meters
  8.3.6 Historic and Forecasted Market Size By Application
   8.3.6.1 Residential
   8.3.6.2 Commercial
   8.3.6.3 Industrial
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
8.4. Western Europe Gas Meters Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Type of Gas Meters
   8.4.4.1 Diaphragm Gas Meters
   8.4.4.2 Turbine Gas Meters
   8.4.4.3 Ultrasonic Gas Meters
   8.4.4.4 Rotary Gas Meters
  8.4.5 Historic and Forecasted Market Size By Technology
   8.4.5.1 Smart Gas Meters
   8.4.5.2 Traditional Gas Meters
  8.4.6 Historic and Forecasted Market Size By Application
   8.4.6.1 Residential
   8.4.6.2 Commercial
   8.4.6.3 Industrial
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
8.5. Asia Pacific Gas Meters Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Type of Gas Meters
   8.5.4.1 Diaphragm Gas Meters
   8.5.4.2 Turbine Gas Meters
   8.5.4.3 Ultrasonic Gas Meters
   8.5.4.4 Rotary Gas Meters
  8.5.5 Historic and Forecasted Market Size By Technology
   8.5.5.1 Smart Gas Meters
   8.5.5.2 Traditional Gas Meters
  8.5.6 Historic and Forecasted Market Size By Application
   8.5.6.1 Residential
   8.5.6.2 Commercial
   8.5.6.3 Industrial
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
8.6. Middle East & Africa Gas Meters Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Type of Gas Meters
   8.6.4.1 Diaphragm Gas Meters
   8.6.4.2 Turbine Gas Meters
   8.6.4.3 Ultrasonic Gas Meters
   8.6.4.4 Rotary Gas Meters
  8.6.5 Historic and Forecasted Market Size By Technology
   8.6.5.1 Smart Gas Meters
   8.6.5.2 Traditional Gas Meters
  8.6.6 Historic and Forecasted Market Size By Application
   8.6.6.1 Residential
   8.6.6.2 Commercial
   8.6.6.3 Industrial
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
8.7. South America Gas Meters Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Type of Gas Meters
   8.7.4.1 Diaphragm Gas Meters
   8.7.4.2 Turbine Gas Meters
   8.7.4.3 Ultrasonic Gas Meters
   8.7.4.4 Rotary Gas Meters
  8.7.5 Historic and Forecasted Market Size By Technology
   8.7.5.1 Smart Gas Meters
   8.7.5.2 Traditional Gas Meters
  8.7.6 Historic and Forecasted Market Size By Application
   8.7.6.1 Residential
   8.7.6.2 Commercial
   8.7.6.3 Industrial
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
 

 

Global Gas Meters Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2024:

USD 4.70 Bn.

Forecast Period 2024-32 CAGR:

5.50%

Market Size in 2032:

USD 7.61 Bn.

Segments Covered:

 By Type of Gas Meters

  • Diaphragm Gas Meters
  •  Turbine Gas Meters
  •  Ultrasonic Gas Meters
  •  Rotary Gas Meters

By Technology

  • Smart Gas Meters
  •  Traditional Gas Meters

By Application

  • Residential
  • Commercial
  • Industrial

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Technological Advancements

Key Market Restraints:

  • Infrastructure Limitations

Key Opportunities:

  • Adoption of IoT-enabled Prepaid Gas Metering

Companies Covered in the report:

  • Elster (Germany),Landis+Gyr (Switzerland),Aclara (United States),Badger Meter (United States),Krohne (Germany),Diehl Metering (Germany),and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Gas Meters Market research report?

The forecast period in the Gas Meters Market research report is 2024-2032.

Who are the key players in the Gas Meters Market?

Elster (Germany),Landis+Gyr (Switzerland),Aclara (United States),Badger Meter (United States),Krohne (Germany),Diehl Metering (Germany),and Other Major Players.

What are the segments of the Gas Meters Market?

The Gas Meters Market is segmented into Type of Gas Meters,  Technology,  Application and Region. By Type of Gas Meters, the market is categorized into Diaphragm Gas Meters, Turbine Gas Meters, Ultrasonic Gas Meters, Rotary Gas Meters. By Technology, the market is categorized into Smart Gas Meters, Traditional Gas Meters. By Application, the market is categorized into Residential, Commercial, Industrial. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Gas Meters Market?

A data broker is an organization or firm in the market that gathers and sells personal information about people and firms. This data is usually compiled from the web activity, spending patterns, social networking sites, records, and other such legal sources. The information is then compiled and analyzed by the data brokers and turned into detailed profiles that these data brokers sell to other third parties such as marketers or advertisers and other organizations.

How big is the Gas Meters Market?

Gas Meters Market Size Was Valued at USD  4.70 Billion in 2023, and is Projected to Reach USD  7.61 Billion by 2032, Growing at a CAGR of 5.50% From 2024-2032.