Smart Gas Meter Market Report 2026

The smart gas meter market size has grown strongly in recent years. It will grow from $4.64 billion in 2025 to $4.99 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to historic reliance on diaphragm gas meters, early adoption of amr technologies, increasing deployment in residential gas systems, growth in utility metering programs, rising need for accurate consumption measurement.

The smart gas meter market size is expected to see strong growth in the next few years. It will grow to $6.72 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing adoption of ultrasonic gas meters, expansion of ami-based gas infrastructure, rising emphasis on real-time leakage detection, growth in industrial gas consumption analytics, development of advanced sensor-integrated gas meters. Major trends in the forecast period include deployment of IoT-connected gas monitoring systems, expansion of cloud-integrated metering platforms, advancement of AI-based consumption forecasting, growth of sustainable automated gas distribution, development of intelligent metering and leakage detection solutions.

The rising demand for smart homes is expected to propel the growth of the smart gas meter market going forward. A smart home refers to a residence that incorporates various technologies and devices through a network, typically the Internet of Things (IoT), allowing homeowners to control and monitor various aspects of their home remotely or through centralized systems. Smart gas meters play a vital role in helping homeowners achieve energy efficiency, lower utility costs, and create safer and more environmentally conscious living environments within their smart homes. For instance, in August 2023, according to Ruby Home, a U.S.-based real estate company, 63.43 million homes in the U.S. use smart home devices, and around seven in ten homebuyers are willing to purchase a smart home. Therefore, the rising demand for smart homes is driving the growth of the smart gas meter market.

Major companies operating in the smart gas meter market are focusing on innovative products such as ultrasonic prepayment gas meters to drive revenues in their market. An ultrasonic prepayment gas meter is a specialized type of gas meter used for measuring and monitoring the consumption of natural gas in residential, commercial, or industrial settings. For instance, in May 2025, Landis+Gyr, a Switzerland-based provider of integrated energy management solutions, launched its G480 NB-IoT Ultrasonic Gas Metering Line at the AGA Operations Conference & Biennial Exhibition in the United States. The G480 platform features solid-state ultrasonic measurement technology that offers high precision, edge intelligence, and long-term reliability. It includes advanced functionalities such as remote and autonomous shut-off, built-in pressure sensing, hydrogen-blend compatibility, NB-IoT connectivity, and a 20-year battery life. This innovative ultrasonic gas metering solution enables utilities to enhance operational efficiency, improve safety, and optimize gas distribution management through real-time data insights and connectivity.

In September 2024, Kaynes Technologies India Ltd., an India-based electronics and communication products manufacturing company, acquired Iskraemeco India Pvt. Ltd. for an undisclosed amount. This acquisition aims to strengthen Kaynes’ smart metering and IoT-enabled electronics portfolio by integrating Iskraemeco’s expertise in smart meter installation, operation, and maintenance services, thereby expanding its presence in the energy and utilities electronics segment. Iskraemeco India Pvt. Ltd. is an India-based company engaged in the supply, installation, operation, and maintenance of smart metering solutions.

Major companies operating in the smart gas meter market are Aclara Technologies LLC, Itron Inc., Apator SA, Arad Group Ltd., B METERS S.r.l., Badger Meter Inc., Diehl Metering GmbH, Diehl Stiftung & Co. KG, EDMI Limited, Elster Group GmbH, GWF MessSysteme AG, Holley Technology Ltd., Honeywell International Inc., Iskraemeco d.d., Kamstrup A/S, Landis+Gyr AG, Maddalena S.p.A., Master Meter Inc., Sensus (Xylem Inc.), Hexing Electrical Co. Ltd.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the smart gas meter market by raising costs for imported sensors, communication chipsets, ultrasonic components, and electronic assemblies used in meter production. Residential, commercial, and industrial sectors in Europe, North America, and Asia-Pacific experience higher procurement costs and extended delivery timelines. Nevertheless, tariffs are accelerating local manufacturing investments, supplier diversification, and innovation in cost-effective connected metering and leakage detection technologies, enhancing long-term energy distribution efficiency.

The smart gas meter market research report is one of a series of new reports that provides smart gas meter market statistics, including global market size, regional shares, competitors with a smart gas meter market share, detailed smart gas meter market segments, market trends and opportunities, and any further data you may need to thrive in the smart gas meter industry. This smart gas meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A smart gas meter is an electronic device designed to record information such as electric energy consumption, voltage levels, current, power factor, and gas usage. This information provides consumers with a clearer understanding of their gas consumption and usage. Smart gas meters are utilized for measuring energy consumption, calculating costs, and enabling automatic meter readings.

The main types of smart gas meters include smart ultrasonic gas meters and smart diaphragm gas meters. Smart ultrasonic gas meters are compact static gas meters that employ ultrasonic measurement techniques for measuring energy in residential areas where gas is used as an energy source. These meters consist of various components, including hardware and software, employing techniques such as automated meter reading (AMR) and advanced metering infrastructure (AMI). Smart gas meters find applications in residential, commercial, and industrial settings.Europe was the largest region in the smart gas meter market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart gas meter market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart gas meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart gas meter market consists of sales of smart ultrasonic gas meter, smart diaphragm gas meter, steel-case diaphragm gas meter and aluminium-case diaphragm gas meter. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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