Gas Meters Market

Gas Meters Market Size

According to a recent study by Global Market Insights Inc., the gas meters market was estimated at USD 9.6 billion in 2025. The market is expected to grow from USD 11 billion in 2026 to USD 37 billion by 2035, at a CAGR of 14.5%.

• Energy security–driven investments are reviving metering demand as utilities require granular, accurate data to balance tighter global supply. For instance, the IEA’s Global Gas Security Review 2024 reports global gas demand is set to reach new all-time highs in 2024 and 2025 amid fragile market balances, pressing producers and consumers to strengthen supply-security architecture, elevating metering and measurement needs across distribution networks and end-use. It also flags integration of low-emissions gases, further increasing metering requirements.
  
• Emissions measurement and leak-detection mandates are accelerating the shift to smart, precise gas metering for reporting and compliance. For example, the EU Methane Regulation adopted in May 2024 requires measurement, monitoring, reporting and verification (MRV) at source-level, mandatory LDAR, and restrictions on venting/flaring, including transparency mechanisms for imports, making accurate metering essential across value chains and influencing global practice.
  
• Low-emissions gases integration (biomethane, hydrogen blends, e-methane) is pushing utilities to upgrade meters and data platforms for calorific value tracking and compatibility. For instance, the IEA’s Global Gas Security Review 2024 includes a special section on system integration of low emissions gases, highlighting operational changes needed in transport and distribution, implications that extend to metering, custody transfer, and consumer billing accuracy. These transitions create additional replacement and retrofit cycles for advanced gas meters.
  
• Network safety modernization is a major driver, prompting metering upgrades that enable better leak monitoring and billing integrity during pipe replacements. For instance, the U.S. PHMSA NGDISM grant program, created by the IIJA, awarded nearly USD 200 million in FY2024 to municipalities for replacing aging gas distribution pipes to cut incidents and methane, projects that typically incorporate modern metering and telemetry.
  
• Regulatory compliance in Europe is catalyzing advanced metering rollouts to meet MRV and leak repair obligations. For example, the EU Methane Regulation 2024/1787, entering into force in August 2024, sets timelines where importers report emissions from 2025 and new import contracts require MRV equivalence from 2027, making accurate metering and verified data capture indispensable for operators and traders.
  
• City Gas Distribution (CGD) expansion in India is scaling residential PNG connections, driving large meter deployments. For instance, India’s PNGRB has authorized 307 Geographical Areas, with a minimum work program target of approximately 12.63 crore PNG connections by 2032; by May 2024, 1.31 crore PNG connections had been provided, evidence of sustained metering demand across networks and households.
  
• Standardization in China is accelerating adoption of advanced metering systems by clarifying technical requirements. For example, China issued GB/T 18603  2023 “Technical requirements for natural gas metering systems,” effective March 1, 2024, specifying performance and system criteria for metering, supporting nationwide upgrades, interoperability, and custody transfer accuracy across city gas operators and industrial users. These standards underpin procurement of modern meters at scale.
  
• National rollout programs in the UK continue to expand smart gas (and electricity) metering, sustaining market volumes and replacement cycles. For instance, the UK government’s Q4 2024 Smart Meters Statistics report shows 38 million smart/advanced meters in operation, with 66% of all meters now smart or advanced and 3.0 million installations in 2024, evidencing ongoing regulatory momentum and consumer facing modernization.
  

Gas Meters Market Trends

• Convergence of multi-utility digital platforms is shaping gas meter trends as utilities leverage advanced metering infrastructure for cross-service visibility, automation, and customer engagement. For instance, Australia’s AEMC issued a final rule (Nov 2024) to achieve universal smart meters by 2030, enhancing data access, consumer safeguards, and network operations, capabilities that enable integration with adjacent metering programs and services over time. The federal energy portal confirmed rollout commencement in December 2025, underscoring implementation momentum.
  
• Regulatory enforcement and rollout targets are sustaining smart meter penetration and data quality, influencing gas metering programs linked to the same supply chains. For example, Ofgem’s 2022–2024 installation target regime enforced binding obligations across suppliers, with compliance actions where gas/electric targets fell short; concurrently, the UK DESNZ Q3 2024 statistics show steady installations and rising operational smart meters, keeping infrastructure programs on schedule and analytics pipelines robust.
  
• Second generation AMI ecosystems are driving advanced functions (cybersecurity, granular interval data, remote operations), informing joint metering concepts and device standards. For instance, Japan’s METI Next-Generation Smart Meter System deliberations (2020–2022) and Enecho guidance confirm Gen 2 deployment from FY2025 toward early 2030s, expanding data services and customer options, setting technical precedents that equipment vendors and city-gas operators can align with.
  
• Interoperability, privacy and EU market directives continue to shape meter specifications and ecosystems supporting multi service measurement. For example, the European Commission’s JRC analyses emphasize the evolution of smart metering under Directive (EU) 2019/944 and related policy packages, highlighting interoperability testing and data-protection principles, frameworks that influence suppliers’ technology choices and facilitate integration of gas metering alongside electricity in unified customer platforms.
  
• Demand-side expansion in city gas networks remains a trend, with national policy signals backing distribution build-out and household connections, driving meter procurement cycles. For example, India’s Press Information Bureau (Dec 14, 2023) reiterated the target to lift natural-gas share to 15% by 2030 and detailed Unified Tariff reforms effective April 1, 2023 to support “One Nation, One Gas Grid,” catalyzing CGD growth and downstream metering requirements across residential and commercial users.
  
• Data-driven grid modernization is accelerating analytics and edge capabilities that spill over to gas metering operations via shared IT/OT stacks. For instance, the U.S. FERC’s 2024 Assessment of Advanced Metering documents rising smart-meter saturation, procedural updates, and collaborative efforts, reinforcing investment in interval data, cybersecurity, and customer programs that utilities increasingly replicate across multi-utility portfolios, including gas billing accuracy and remote service workflows.
  
• Reporting and data governance upgrades upstream are tightening measurement fidelity, affecting metering technology choices and audit trails. For example, Brazil’s ANP has mandated monthly data submissions and is migrating SIMP reporting to the DPP web platform (2025); official manuals outline obligations for gas-processing poles and related agents, underscoring standardized movement records and measurement integrity, pressure that cascades to custody transfer and downstream metering practices.
  

Gas Meters Market Analysis

• Based on technology, the industry is segmented into smart and conventional. The gas meter market was valued at USD 7.6 billion, USD 8.4 billion and USD 9.6 billion in 2023, 2024 and 2025 respectively. The smart gas meter holds a substantial share in the industry and is projected to grow at a growth rate of over 15.5% through 2035.
  
• Smart gas meters represent the technological frontier of the industry. They incorporate microcontrollers, advanced sensors, and communication modules that enable automated data collection and genuine two-way communication with utility systems. These sophisticated devices support multiple meter reading methods including drive-by, fixed network, and cellular connectivity approaches, effectively eliminating manual reading requirements while enabling near-real-time consumption visibility for both utilities and end customers.
  
• The most advanced smart meters feature ultrasonic or thermal mass flow measurement technologies that deliver superior accuracy (±0.5% to ±1%) compared to mechanical counterparts (±1.5% to ±2%). This enhanced accuracy directly reduces commercial losses and significantly improves revenue assurance for utilities.
  
• Key growth drivers for smart meters span multiple dimensions. Regulatory mandates in European Union countries, where directives require 80% smart meter penetration by 2030, create substantial guaranteed demand. Utility digitalization initiatives across North America, where over 120 gas distribution companies have launched AMI projects since 2020, represent another major driver.
  
• Smart city programs in Asia Pacific, encompassing more than 500 urban centers across China, India, Japan, and South Korea, are creating massive new markets. From a financial perspective, comprehensive cost-benefit analyses consistently demonstrate that smart meters achieve positive ROI within 5-8 years through operational savings that average USD 18-28 per meter annually. These savings come from eliminated manual meter reads, reduced customer service calls, faster leak detection, and effective theft prevention.
  
• Technological innovation continues enhancing smart meter value propositions in meaningful ways. Battery-powered smart meters with 15-20 year operational lifespans eliminate the need for external power sources, which significantly simplifies installation, particularly valuable for residential applications.
  
• Edge computing capabilities enable meters to perform sophisticated local data processing, filtering, and anomaly detection, which reduces demands on cloud infrastructure and minimizes latency. Integration with consumer home energy management systems and popular smart home platforms like Amazon Alexa and Google Home creates new engagement opportunities and effectively supports utility demand response programs.
  
• Conventional gas meters retain meaningful market presence for several practical reasons. Their lower acquisition costs (USD 30-60 per unit versus USD 80-150 for smart meters) make them attractive in price-sensitive markets, and they benefit from well-established manufacturing ecosystems. Diaphragm meters dominate the conventional segment, favored particularly for residential applications due to their simplicity, proven reliability, and minimal maintenance requirements. Rotary meters effectively serve small commercial applications, while turbine meters address large industrial installations that require high-capacity measurement capabilities.
  
• Conventional meter applications tend to concentrate in specific geographic and market contexts. Rural areas with sparse population densities often find that smart meter business cases weaken considerably due to prohibitively high communication infrastructure costs per meter. Developing markets across Sub-Saharan Africa, parts of Latin America, and Southeast Asia frequently prioritize achieving universal metering coverage over technological sophistication, which creates sustained demand for affordable conventional meters.
  
• Additionally, even utilities in mature markets maintain some level of conventional meter procurement to handle replacements in locations with AMI communication gaps or where legacy system compatibility requirements make smart meters impractical
  

• Based on end use, the industry is bifurcated into industrial, commercial and residential. The industrial gas meters market holds a share of 46.7 % in 2025 and is set to reach over USD 17 billion by 2035.
  
• Residential gas meters serve single-family homes, multi-family dwellings, and apartment complexes where natural gas powers heating systems, cooking appliances, and water heaters. Typical residential meters measure relatively modest flow rates of 0.5 to 2.5 cubic meters per hour. Diaphragm meters dominate this segment due to their cost effectiveness and proven accuracy at these lower flow rates.
  
• Several factors are driving residential segment growth. Expanding natural gas distribution networks in emerging economies create substantial new demand, India alone added 15 million household connections between 2020-2025 under its ambitious City Gas Distribution expansion program.
  
• In developed markets, aging meter replacement cycles create ongoing demand as installations from the 1990s and 2000s reach the end of their operational lives and require replacement. Growing consumer awareness of energy efficiency issues, coupled with innovative time-of-use pricing pilot programs, is creating increased demand for smart meters that enable detailed consumption monitoring via user-friendly mobile applications.
  
• Commercial gas meters segment encompasses an incredibly diverse range of establishment types, from small retail stores and restaurants to large hospitals, hotels, universities, and sprawling office complexes. Commercial applications typically require meters ranging from 2.5 to 100 cubic meters per hour capacity, depending on building size and usage patterns.
  
• Commercial gas consumption serves diverse applications including heating, ventilation, and air conditioning (HVAC) systems, food preparation equipment in restaurants and cafeterias, and process heat applications in various industries. Multi-tenant buildings frequently deploy sophisticated sub-metering systems where a master meter measures total building consumption while individual tenant meters enable proportional allocation of costs. This drives higher meters-per-building ratios compared to single-tenant structures.
  
• Smart meters have gained particularly strong traction in the commercial segment. The higher adoption rate reflects business customers' generally greater technological sophistication and their active participation in utility demand response programs that incentivize real-time consumption management.
  
• Industrial gas consumption spans an enormous range of applications including manufacturing processes (steel, glass, ceramics production), chemical manufacturing, petroleum refining, power generation, and food processing. Industrial meters encompass various sophisticated technologies optimized for different applications. Turbine meters handle high-volume applications measuring anywhere from 500 to over 10,000 cubic meters per hour.
  
• Rotary meters serve medium flow requirements. Ultrasonic meters are increasingly adopted for custody transfer applications where maximum accuracy and full traceability are absolutely essential. Large industrial facilities commonly install 10-50 meters throughout their operations, monitoring different process lines, separate buildings, or enabling precise cost allocation to individual cost centers.
  
• Growth prospects for the industrial segment remain strong despite relatively mature industrial bases in developed economies. Growth is being supported by emerging market industrialization, particularly in Southeast Asia and India where substantial manufacturing capacity is being added, reshoring initiatives in North America and Europe that are driving domestic industrial expansion, and increasingly stringent sustainability mandates requiring precise emissions monitoring.
  

• The U.S. gas meters market was valued at USD 2 billion, USD 2.2 billion and USD 2.4 billion in 2023, 2024 and 2025 respectively. reflecting consistent modernization, replacement cycles, and utility digitalisation. A prominent growth driver is emissions-compliance pressure, pushing adoption of accurate, networked metering and leak-monitoring solutions; for instance, the EPA’s 2023 final methane rule sets stringent standards and guidelines for monitoring and reducing emissions across new and existing oil and natural gas sources, accelerating demand for advanced metering and measurement.
  
• Emissions compliance and leak-detection across U.S. are catalyzing investment in advanced metering with analytics and telemetry. For instance, the EPA’s 2023 final rule under Clean Air Act Sections 111(b)/(d) introduces standards and Emissions Guidelines for existing sources, phasing out routine flaring and leveraging advanced detection (satellites, aerial, continuous monitors) and a Super Emitter program, heightening the need for precise measurement data and field ready meters to document compliance.
  
• Strengthened methane regulations across Canada are spurring accurate measurement and reporting technologies, supporting metering upgrades across midstream and distribution. For example, ECCC’s December 2023 draft amendments aim to cut oil and gas methane by 75% below 2012 by 2030, expanding coverage, intensifying inspection, and improving reporting, driving utilities and operators to deploy higher-fidelity metering and data systems to verify reductions and support regulatory filings.
  
• EU digitalisation and data sharing frameworks (Europe) are accelerating interoperable metering and customer data access, underpinning multi-utility platforms. For instance, the European Commission’s Digitalising the Energy System Action Plan (adopted October 2022, updated with key actions through 2024) advances interoperability rules for access to metering and consumption data, expert groups, and energy data spaces, encouraging DSOs and suppliers to scale smart metering, including gas, within integrated service architectures.
  
• Independent audit and accountability in UK are supporting sustained rollout and performance improvements that ripple into gas metering programs tied to dual-fuel portfolios. For instance, the National Audit Office’s June 2023 update highlights binding supplier targets through 2025 and ongoing oversight, keeping smart meter installations (electric and gas) on track, improving data quality, and reinforcing customer facing modernization that benefits gas billing accuracy and remote service capabilities.
  
• Japan’s Joint metering standards and interoperability are enabling integration of gas meters via electricity smart meter systems, reducing deployment costs and improving data capture. For example, the Wi-SUN Enhanced HAN standard, adopted by the METI Next-Generation Smart Meter System Study Group and formalized via TTC JJ 300.10 (June 2024), supports multi-hop, low-power devices and joint meter reading for gas, water, EV chargers, and batteries, accelerating multi-utility metering adoption.
  
• Regulatory modernization and data governance in India are strengthening measurement culture and emissions reporting across the oil and gas value chain, boosting demand for robust metering. For instance, the PIB’s July 9, 2025 announcement on Draft Petroleum & Natural Gas Rules, 2025 introduces requirements for GHG monitoring/reporting and clarifies operational data ownership, encouraging distributors and operators to invest in advanced metering and telemetry that improve accuracy, compliance, and audit readiness.
  
• Grid-twin and digital infrastructure initiatives in Europe are expanding analytics and operational visibility that utilities can extend to gas-metering ecosystems. For example, the European Commission welcomed ENTSO E and EU DSO Entity cooperation to create a digital twin of the European electricity grid (December 2022), a flagship of the EU digitalisation plan, supporting coordinated investments and data exchange frameworks that favor integrated metering and customer platforms across utilities.
  

Gas Meters Market Share

• The top five companies, Itron, Honeywell International, Diehl Stiftung, Xylem and Apator SA, collectively accounting for approximately 40% of the global gas meter market share in 2025, reflecting strong technological capabilities, diversified product portfolios, and long-standing relationships with gas utilities. These players offer a wide range of solutions spanning conventional and smart gas meters, advanced metering infrastructure (AMI), communication technologies, and data analytics platforms. Their ability to support large-scale meter rollouts, meet stringent regulatory and certification requirements, and provide end-to-end lifecycle services positions them as preferred suppliers for national and regional gas distribution programs worldwide.
  
• In addition, these companies benefit from extensive global footprints, localized manufacturing or partnerships, and strong after-sales support networks, enabling them to serve both mature and emerging markets effectively. Continuous investments in innovation, such as smart metering, cybersecurity, hydrogen-ready meters, and interoperability with digital utility systems, allow them to align with evolving energy transition goals. Their financial strength and operational scale further enable competitive pricing, long-term contracts, and participation in large public tenders, collectively reinforcing their ability to retain approximately 40% of the global gas meter market share in 2025.
  

Gas Meters Market Companies

Major players operating in the gas meters industry are:

• ABB
• Aclara
• AKG Acoustics
• Apator SA
• Badger Meter
• Diehl Stiftung
• Edmi Limited
• Elster Group
• Emerson Electrics
• Honeywell International
• Itron
• Pietro Fiorentini
• Schneider Electric
• Siemens
• Suntront
• Raychem RPG
• RMG
• Romet
• Xylem
• ZENNER
  
• Itron ,  A leading U.S. gas metering player, Itron’s Intelis solid state ultrasonic smart gas meters add edge intelligence, integrated shut off, and advanced alarms, boosting safety and AMI readiness. Itron surpassed 1 million Intelis shipments in 2023 and hit 3 million by May 2025, evidencing rapid adoption. Financially, momentum continued: Q3 2024 revenue rose 10% to USD 615 Million with stronger gross margin and EBITDA. Its widening portfolio (diaphragm meters, modules, AMI/MDM software) underpins projects upgrading gas networks and transitioning AMR to AMI.
  
• Through Elster, Honeywell supplies diaphragm, rotary, turbine, ultrasonic meters, volume correctors, and flow computers for distribution and custody-transfer, including hydrogen ready RABO rotary gas meters. Honeywell’s 2024 sales reached USD 38.6 to USD 38.8 billion with strong segment margins and cash flow, positioning the portfolio for continued investment. Ongoing segment realignment and spin activities in 2025–2026 sharpen focus on automation/process solutions that anchor gas metering, stations, and energy measurement systems.
  
• A major European gas-meter supplier, Apator Metrix delivers diaphragm and iSMART2 smart meters with NB IoT/W M Bus communications, shut off, and temperature compensation, serving residential to industrial loads. Group financials strengthened: 2024 sales rose to USD 340 million and net profit to USD 20 million, following improved margins and EBITDA. Its gas catalogue and retrofit uniSMART2 modules enable scalable remote reading and control, supporting EU digitalisation mandates and utility AMI migration.
  
• Emerson’s Rosemount gas ultrasonic meters (e.g., 3414, 3416/3417) target custody transfer accuracy with multi-path designs, diagnostics (MeterLink), and hydrogen blend readiness, widely deployed at city gates and transmission pipelines.  Financially robust, Emerson reported FY 2024 sales of USD 17.5 billion, expanding adjusted segment EBITA to 26% and strong free cash flow, supporting metering systems growth.
  

Gas Meters Industry News

• In September 2025, the Minol ZENNER Group announced a milestone with 10 million sensors integrated into its LoRaWAN network, now operating across 15 countries, making it the world’s largest LoRaWAN network. The expansion underpins remote meter reading, sub-metering, and smart-city applications, strengthening digital infrastructure for utilities and municipalities. The achievement, first highlighted at LoRaWAN Live 2024, signals scaled, secure connectivity for multi-utility metering, including gas, using long-range, low-power networking. It also adds new gateways and B.One solutions to simplify deployments and data integration globally.
  
• In May 2025, Itron announced shipment of its 3,000,000th Intelis ultrasonic smart gas meter, with Peoples Natural Gas receiving the milestone device. The solid-state meter’s integrated shut-off valve, high-flow and high-temperature alarms, and AMI/AMR compatibility illustrate why U.S. utilities are accelerating network upgrades. The milestone reflects broad adoption since Intelis crossed one million shipments in 2023, strengthening Itron’s position in safety-centric, edge-intelligent metering for gas distribution. Utilities gain remote shut off and visible safety alarms for real-time response via AMI platforms.
  
• In March 2024, Aclara partnered with Utilidata to incorporate advanced artificial intelligence capabilities into smart metering solutions. The collaboration leverages Utilidata’s Karman platform, powered by NVIDIA Jetson hardware, to enable real-time data processing and improved management of distributed energy resources. This integration enhances grid adaptability and operational intelligence for utilities. Initial deployments are planned across both embedded smart meters and add on collar devices, highlighting the growing adoption of AI-driven solutions to support smarter, more responsive energy grids.
  
• In November 2023, Honeywell introduced the EI5, a fully hydrogen compatible diaphragm smart gas meter, targeting the European market. Following successful pilot programs in the Netherlands, the meter is designed to operate seamlessly with both natural gas and hydrogen, supporting Europe’s transition toward low-carbon energy systems under the European Green Deal. Certified by the Physikalisch Technische Bundesanstalt (PTB), the EI5 ensures long-term safety, accuracy, and sustainability by eliminating the need for meter replacements as hydrogen adoption increases.
  

The gas meters market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (‘000 Units) from 2022 to 2035, for the following segments:

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Market, By Technology

• Smart
• Conventional

Market, By Product

• Diaphragm meters
• Rotary meters
• Turbine meters
• Ultrasonic meters
• Coriolis meters

Market, By End Use

• Commercial
• Industrial
• Residential

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

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Mexico
  • Argentina