Report Description Table of Contents The smart gas market was worth USD 10.2 billion in 2023 and will be worth USD 20.5 billion by 2030, growing at a CAGR of 10% during the forecast period. The smart gas market is driven by the growing demand for efficient gas distribution and monitoring systems, particularly as global gas consumption is projected to increase by over 30% by 2040. Smart gas meters, which enable real-time monitoring and remote reading, help utilities reduce losses due to leaks and theft, improving operational efficiency by as much as 20%. For example, the implementation of smart meters in Europe has led to significant reductions in gas theft and improved billing accuracy. Recent developments include integrating IoT technology into smart gas meters, allowing for predictive maintenance and enhanced data analytics, helping gas utilities optimize their infrastructure and reduce downtime. Furthermore, governments worldwide are pushing for smart infrastructure projects, including the rollout of smart meters, to improve energy management and ensure environmental sustainability, further driving the market. There is great potential for smart gas market growth in developing countries, where the application of smart gas meters is becoming more and more important due to the requirement for the optimization of energy use and the minimization of expenditures. For instance, India intends to add more than 300 million smart meters of different types, including gas meters, to build a more accurate and honest system of billing, as well as to reduce energy losses. It has also been observed that the Middle Eastern region is foraying into smart gas at a very fast pace as part of smart city development. More recent products include the smart gas meters under the IoT; these meters offer consumption rates in addition to helping to detect leakage points, thus reducing the amount of gas loss to between 5%-15%. The smart gas market receives a greater focus on efficiency in energy and smart grids from emerging markets, and the policies also support the same, leading to an international market for smart gas solutions. Market Segmentation By Component: Hardware Smart Gas Meters Sensors Communication Modules Software Meter Data Management (MDM) Software Billing and Customer Management Software Services Installation Services Maintenance Services Consulting Services By Meter Type: Automated Meter Reading (AMR) Advanced Metering Infrastructure (AMI) By Technology Cellular Radio Frequency (RF) Power Line Communication (PLC) Wi-Fi By End-User: Gas Utilities Government Agencies Residential Consumers Commercial Enterprises Industrial Facilities By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA North America has the largest demand for smart gas since it adopted smart metering technologies and progressive policies supporting energy management systems earlier than other regions worldwide. At the top of this list is the United States, where nearly 50% of gas utilities invest in smart meters with the aim of improving the efficiency of their operations as well as minimizing gas losses. For instance, smart gas meters currently installed in the United States have passed one hundred and twenty million, enabling a fluctuating and accurate assessment of consumption by consumers. Recent developments include the integration of complex IoT and data analysis in smart meters to perform predictive maintenance and address issues related to leakage or theft. Furthermore, other governments have played vital roles in promoting smart gas systems and solutions. The Department of Energy in the USA has been instrumental in smart grid systems, hence putting North America at the forefront in providing smart solutions in providing gas systems in the global market. Key Players Itron Inc. Landis+Gyr Siemens AG Schneider Electric Sensus (Xylem Inc.) Honeywell International Inc. ABB Ltd. Elster Group GmbH (Honeywell) Aclara Technologies LLC Diehl Metering CyanConnode Holdings Frequently Asked Question About This Report . Table of Contents 1. SMART GAS MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. SMART GAS MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – SMART GAS MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Component and End Use Outlook Analysis 4. HISTORIC TRENDS IN SMART GAS MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA SMART GAS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Smart Gas Historical Market ($MILLION), (2017 – 2023) 6.2. North America Smart Gas Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 6.3.1. Hardware 6.3.2. Software 6.3.3. Services 6.4. North America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Meter Type 6.4.1. Automated Meter Reading (AMR) 6.4.2. Advanced Metering Infrastructure (AMI) 6.5. North America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology 6.5.1. Cellular 6.5.2. Radio Frequency (RF) 6.5.3. Power Line Communication (PLC) 6.5.4. Wi-Fi 6.6. North America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 6.6.1. Gas Utilities 6.6.2. Government Agencies 6.6.3. Residential Consumers 6.6.4. Commercial Enterprises 6.6.5. Industrial Facilities 6.7. North America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA SMART GAS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE SMART GAS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Smart Gas Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Smart Gas Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 8.4. Europe Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Meter Type 8.5. Europe Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology 8.6. Europe Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 8.7. Europe Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC SMART GAS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Smart Gas Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Smart Gas Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 9.4. APAC Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Meter Type 9.5. APAC Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology 9.6. APAC Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 9.7. APAC Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA SMART GAS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Smart Gas Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Smart Gas Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Component 10.4. Latin America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Meter Type 10.5. Latin America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology 10.6. Latin America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 10.7. Latin America Smart Gas Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. ITRON INC. 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Landis+Gyr 11.3. Siemens AG 11.4. Schneider Electric 11.5. Sensus (Xylem Inc.) 11.6. Honeywell International Inc. 11.7. ABB Ltd. 11.8. OTHER MARKET PLAYERS