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North America Gas Meter Market Size

  • Report ID: GMI11205
  • Published Date: Sep 2024
  • Report Format: PDF

North America Gas Meter Market Size

North America Gas Meter Market was valued at USD 3.7 billion in 2023 and is anticipated to register a CAGR of 5.1% between 2024 and 2032, fuelled by rising demand for smart metering solutions and the growth of natural gas infrastructure. According to the American Gas Association (AGA), the increasing emphasis on energy efficiency and conservation has led utilities to adopt smart gas meters. These meters offer real-time data and improved accuracy, facilitating better energy consumption management and billing. Furthermore, government initiatives and regulations championing smart grid technology are hastening this transition, prompting utilities to modernize their metering systems.

 

The market's growth is also bolstered by the rising adoption of natural gas as a cleaner, cost-effective energy source across residential, commercial, and industrial sectors. The AGA reports that as North American cities and states broaden their natural gas distribution networks, the demand for gas meters to oversee and control gas flow intensifies. Ongoing infrastructure upgrades, paired with technological advancements in gas metering systems, are poised to keep the market on its growth path in the region.
 

One of the primary challenges in the market is the high cost of transitioning to smart meter technology. Upgrading from traditional mechanical meters to advanced smart gas meters requires significant capital investment from utility companies, including infrastructure improvements and integration of digital systems. This can be a barrier for smaller utility companies or regions with limited budgets, slowing the overall adoption rate of smart meters across the market.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of North America gas meter was worth over USD 3.7 billion in 2023 and is anticipated to register 5.1% CAGR between 2024 to 2032, fuelled by rising demand for smart metering solutions and the growth of natural gas infrastructure.

North America gas meter industry from the diaphragm segment will record USD 2.6 billion by 2032, due to their established reliability, accuracy, and cost-effectiveness especially in residential and small commercial settings.

U.S. gas meter industry size may reach USD 4.4 billion by 2032, due to its extensive natural gas infrastructure and high demand in residential, commercial, and industrial sectors.

Aclara Tech, Itron Inc., Badger Meter, Diehl, Schneider, Honeywell, Siemens, Xyllem, Zenner, Master Meter, Mueller Meter, Kamstrup, and Neptune Technology Group, among others.

North America Gas Meter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 49
  • Countries covered: 3
  • Pages: 210
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