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Europe Smart Gas Meter Market Size - By Application (Residential, Commercial, Utility), By Technology (AMI, AMR), Regional Outlook & Forecast, 2024 - 2032

  • Report ID: GMI9231
  • Published Date: Apr 2024
  • Report Format: PDF

Europe Smart Gas Meter Market Size

Europe Smart Gas Meter Market was valued at USD 3.4 billion in 2023 and is anticipated to grow at a CAGR of 14.4% from 2024 to 2032. It demonstrates robust growth, characterized by a steady increase in adoption and deployment. This expansion is primarily fuelled by several factors, including government initiatives promoting energy efficiency, stringent regulations mandating the installation of smart meters, and the growing awareness among consumers regarding the benefits of smart gas meters. Additionally, advancements in technology, such as the integration of IoT and data analytics, enhance meter functionality, driving further market growth.

Europe Smart Gas Meter Market

Moreover, the demand for accurate and real-time monitoring of gas consumption, coupled with the need for optimizing utility operations, is contributing to the market's upward trajectory. As a result, both utility companies and consumers are increasingly embracing smart gas meters, indicating a promising outlook for continued growth in the European market. In the region, there are ongoing developments aimed at installing gas meters to accommodate larger gas supplies.

Europe Smart Gas Meter Market Trends

In Europe, the smart gas meter market is witnessing several notable trends. Firstly, there's a growing emphasis on sustainability and energy efficiency, prompting increased adoption of smart meters to monitor gas consumption accurately. Additionally, regulatory initiatives aimed at modernizing energy infrastructure are driving market growth, with mandates for smart meter installations in several European countries. Integration of advanced technologies such as IoT, AI, and cloud computing is enhancing the functionalities of smart gas meters, enabling remote monitoring, data analytics, and predictive maintenance.

There's a rising focus on interoperability and standardization to facilitate seamless integration with existing systems and promote market competition. Furthermore, the shift towards smart grids and the development of smart cities are fueling demand for smart gas meters, as they play a crucial role in optimizing energy distribution and promoting sustainability.

Europe Smart Gas Meter Market Analysis

Europe Smart Gas Meter Market Size, By Application, 2022-2032 (USD Billion)

Based on application, the residential segment is estimated to exceed USD 5.3 billion by 2032 due to the increasing adoption of smart home technologies and government initiatives promoting energy efficiency. Smart gas meters offer consumers real-time data on their gas consumption, allowing them to make more informed decisions about energy usage and potentially save on their utility bills.

Europe Smart Gas Meter Market Revenue Share, By Technology, 2023

Based on technology, the AMI segment is likely to register gains at nearly 19.8% up to 2032, owing to its ability to provide real-time data monitoring and analysis, facilitating efficient management of gas consumption. AMI allows for two-way communication between the gas meter and the utility company's central system, enabling remote reading, troubleshooting, and even remote shut-off if necessary.

Italy Smart Gas Meter Market Size, 2022-2032, (USD Million)

Italy smart gas meter market is projected to surpass USD 3 billion by 2032 due to its robust technological infrastructure, stringent energy efficiency regulations, and a strong focus on sustainability. As Europe's largest economy, Italy sets trends for energy innovation and policy. Its commitment to reducing carbon emissions drives the demand for smart metering solutions, enabling efficient gas usage monitoring and promoting renewable energy integration. Furthermore, Italy's influence extends beyond its borders, inspiring neighboring countries to follow suit, making it a key player in shaping the future of smart gas metering across the continent.

Europe Smart Gas Meter Market Share

Europe Smart Gas Meter Company Market Share Analysis, 2023

Itron, Landis+Gyr, and Honeywell lead the europe smart gas meter sector, leveraging their extensive expertise, technological advancements, and strong market foothold. They provide holistic solutions catering to various consumer requirements, such as energy conservation, data analysis, and remote supervision. Their demonstrated history of furnishing dependable, precise, and secure smart metering solutions fosters confidence among both utilities and customers.

Europe Smart Gas Meter Market Companies

Eminent players operating in the Europe smart gas meter industry include:

  • Aclara Technologies LLC
  • AEM
  • Apator SA
  • Azbil Kimmon Co., Ltd.
  • Chint Group
  • Honeywell International, Inc.
  • Itron, Inc.
  • Landis+Gyr
  • Neptune Technology Group, Inc.
  • Osaki Electric Co., Ltd.
  • Raychem RPG Private Limited
  • Schneider Electric SE
  • Sensus
  • Wasion Group
  • Zenner International GmbH & Co, .KG

Europe Smart Gas Meter Industry News

  • In August 2021, Landis+Gyr signed a five-year agreement with Louisville Gas and Electric Company and Kentucky, stipulating the supply of 300,000 gas modules and 930,000 advanced electric meters, along with related network equipment software. The goal of this contract was to enhance smart metering capabilities and modernize grid infrastructure.
  • In November 2022, the Itron Intelis gFlex prepayment gas meter was revealed by Itron Inc. This cutting-edge meter is designed to assist utilities in revenue protection and risk management. It seamlessly integrates with a Software as a Service (SaaS) platform and is managed through various vending channels and credit transfer options.

This Europe smart gas meter market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” & “USD Million” from 2019 to 2032, for the following segments:

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Market, By Application

  • Residential
  • Commercial
  • Utility

Market, By Technology

  • AMI
  • AMR

The above information has been provided for the following countries across the regions:

  • Germany
  • UK
  • France
  • Sweden
  • Italy
  • Portugal
  • Netherlands
  • Luxembourg
Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of Europe smart gas meter was reached USD 3.4 billion in 2023 and will grow at 14.4% CAGR from 2024-2032, driven by government initiatives for promoting energy efficiency.

The residential application segment in the Europe smart gas meter market held a decent share in 2023 and will exceed USD 5.3 billion by 2032, due to the increasing adoption of smart home technologies.

Italy smart gas meter market size will surpass USD 3 billion by 2032 due to its robust technological infrastructure.

Aclara Technologies LLC, AEM, Apator SA, Azbil Kimmon Co., Ltd., Chint Group, Honeywell International, Inc., and Itron, Inc. among others.

Europe Smart Gas Meter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 144
  • Countries covered: 8
  • Pages: 125
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