North America Gas Meter Market is Expected to grow at a robust CAGR of 4.93% through 2030F
The
North America Gas Meter Market is expected to be led by the United States,
driven by advancements in smart metering technology and the expansion of
natural gas infrastructure, during the forecast period 2026-2030F.
According
to TechSci Research report, “North
America Gas Meter Market – By Country, Competition, Forecast &
Opportunities, 2020-2030F", The North America Gas Meter Market was valued at
USD 2.33 Billion in 2024 and is expected to reach USD 3.11 Billion by 2030 with
a CAGR of 4.93% during the forecast period.
The
ongoing transformation in consumer expectations, driven by the increasing
adoption of smart home technologies, is playing a pivotal role in the expansion
of the gas meter market. Consumers are now more informed and expect greater
transparency in how their energy consumption is tracked and billed. Traditional
mechanical gas meters, which often require manual readings and may lead to
billing discrepancies, are gradually being replaced by advanced gas meters
capable of providing real-time, highly accurate usage data. These digital
meters allow consumers to track their energy consumption via mobile apps,
offering more precise billing cycles and enabling them to manage their gas
usage more effectively.
For
utility providers, this shift also translates to reduced operational costs, as
the need for manual meter readings and the occurrence of billing disputes are
significantly diminished. The increasing penetration of internet-connected
devices in residential homes, along with the rising trend of
sustainability-conscious consumers, is further fueling the demand for smart
meters that align with both environmental and financial interests. Consumers
are now more inclined to adopt devices that allow for better control over their
household energy use, directly impacting the demand for advanced metering
solutions across North America.
Sustainability
and the reduction of carbon emissions remain key priorities for both
governments and businesses across North America, and this focus is influencing
the growth of the gas meter market. Gas meters, especially smart ones,
contribute to the efficient monitoring and management of natural gas
consumption, helping to reduce waste and optimize energy use. Advanced metering
systems enable utilities to detect leaks quickly, monitor usage patterns, and
identify opportunities for demand-side management.
These
capabilities play an essential role in achieving carbon reduction goals set by
various national and regional initiatives, such as the United States
Environmental Protection Agency’s support for emissions reductions and Canada’s
commitment to achieving net-zero emissions by 2050. The data collected by smart
gas meters can be utilized to track energy usage trends and optimize gas
distribution networks, reducing energy loss and improving overall efficiency.
With increasing regulatory pressure to limit environmental impact and enhance
sustainability efforts, the demand for gas meters that facilitate these goals
is expected to rise, providing new opportunities for growth in the market.
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Based
on Type, Ultrasonic Flow Meters segment is expected to be the fastest-growing
segment in the North America Gas Meter Market during the forecast period.
Ultrasonic meters are gaining traction due to their advanced technology, which
offers high accuracy, reliability, and the ability to measure gas flow in a
variety of conditions without moving parts. This makes them particularly
suitable for industrial and commercial applications where precise measurement
and low maintenance are crucial. Ultrasonic meters provide real-time data and
offer benefits such as better leak detection and the ability to measure
multiple gases, which makes them more adaptable and efficient compared to
traditional meters. Their growing adoption is driven by the increasing demand
for smart gas metering systems, which enable remote monitoring and integration
with advanced analytics platforms.
The
push for sustainability and the need to optimize energy consumption are
encouraging the adoption of more sophisticated metering technologies. As
utilities and industries increasingly look for reliable, cost-effective, and
efficient gas metering solutions, ultrasonic flow meters are becoming a
preferred choice due to their superior performance and long-term benefits. This
trend, along with advancements in ultrasonic technology, is expected to propel
the segment’s growth during the forecast period.
Based
on country, Mexico is rapidly positioning itself as the fastest-growing country
in the North America Gas Meter Market due to its expanding natural gas
infrastructure and increasing adoption of advanced metering technologies. The
country is investing heavily in modernizing its energy sector, including the
construction of new pipelines and gas distribution networks, which are
enhancing gas access across residential, commercial, and industrial sectors.
This growth is further supported by government initiatives focused on energy
reform and sustainability, encouraging the use of smart gas meters that offer
improved accuracy, efficiency, and real-time data.
As
urbanization accelerates, there is a growing demand for advanced gas metering
solutions to manage consumption, improve billing accuracy, and enhance overall
utility operations. These factors, along with the push for cleaner energy
alternatives, are driving Mexico’s rapid growth in the gas meter market. With
these advancements, Mexico is expected to remain a key player in the North
American market throughout the forecast period.
Key
market players in the North America Gas Meter market are:
-
- Itron,
Inc.
- Honeywell
International Inc.
- Emerson
Electric Co.
- Diehl
Metering GmbH
- Landis+Gyr
AG
- Badger
Meter, Inc.
- General
Electric Company
- Toshiba
Corporation
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“The
North America Gas Meter Market is expected to experience steady growth driven
by the increasing adoption of smart gas meters, advancements in communication
technologies, and rising demand for energy efficiency. Government initiatives
promoting sustainability and smart grid infrastructure will further fuel the
market’s expansion. The growing focus on digitalization, coupled with
advancements in data analytics, will enhance operational efficiency and enable
better consumption management. The ongoing expansion of natural gas
infrastructure across residential, commercial, and industrial sectors will
drive demand for accurate and reliable metering solutions, ensuring continued
market growth in the coming years.Top
of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based Global management consulting firm.
“North America Gas Meter Market By Technology
(Standard Gas Meters, Smart Gas Meters), By Application (Residential,
Commercial, Industrial), By Type (Diaphragm Meters, Rotary Meters, Turbine
Meters, Ultrasonic Flow Meters), By Country, Competition, Forecast and
Opportunities, 2020-2030F,”
has evaluated the future growth potential of North America Gas Meter Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in North America Gas Meter Market.
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