Gas Meters Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Technology (Standard Gas Meters and Smart Gas Meters), By Application (Residential, Commercial, Industrial), By Type (Diaphragm Meters, Rotary Meters, Turbine Meters and Ultrasonic Flow Meters), By Region, Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 5.61 Billion
CAGR (2026-2031)	6.03%
Fastest Growing Segment	Rotary Meters
Largest Market	North America
Market Size (2031)	USD 7.97 Billion

Market Overview

The Global Gas Meters Market will grow from USD 5.61 Billion in 2025 to USD 7.97 Billion by 2031 at a 6.03% CAGR. The Global Gas Meters Market encompasses the manufacturing and supply of devices designed to measure the volume of fuel gases, such as natural gas and liquefied petroleum gas, consumed by residential, commercial, and industrial users. The primary drivers supporting market growth include the rapid expansion of city gas distribution networks and the critical need for utilities to minimize non-revenue gas through accurate billing and leak detection. Furthermore, government mandates emphasizing safety standards and energy efficiency are compelling utility providers to modernize aging infrastructure, thereby generating consistent demand for reliable measurement technologies distinct from technological trends.

A significant challenge that could impede market expansion is the high capital expenditure required for deploying advanced metering infrastructure, which often delays projects in cost-sensitive regions. This financial barrier is frequently compounded by regulatory complexities regarding data privacy and interoperability standards. Despite these hurdles, the sector continues to expand due to the fundamental necessity of energy access. According to the American Gas Association, in 2025, more than one new residential customer initiated natural gas service every minute in the United States, underscoring the enduring requirement for new metering installations.

Key Market Drivers

Government mandates and regulatory support for smart meter rollouts are fundamentally reshaping the global landscape, compelling utilities to transition from mechanical units to advanced digital systems. This regulatory pressure is primarily driven by decarbonization goals and the necessity for grid modernization to handle renewable gas integration. By enforcing strict deployment timelines, national authorities ensure a steady replacement rate, thereby insulating the market from purely cyclical economic downturns. For instance, the United Kingdom continues to aggressively push its implementation program to enhance energy security and consumer data visibility. According to the Department for Energy Security and Net Zero, in November 2025, large energy suppliers in Great Britain installed 680,000 smart meters during the third quarter of 2025 alone, bringing the total market penetration to roughly 70 percent. Such consistent state-backed initiatives guarantee high-volume orders for manufacturers, cementing regulatory compliance as a primary revenue catalyst.

Rapid urbanization and the concurrent expansion of city gas distribution networks serve as the second critical engine for market growth, particularly in developing economies where energy infrastructure is being built from the ground up. As cities densify, governments are prioritizing piped natural gas over cylinder-based delivery to ensure safer, more reliable fuel access for residential and commercial sectors. This structural shift necessitates the installation of millions of new metering points annually, distinct from replacement demand. Validating this trend, the Petroleum and Natural Gas Regulatory Board reported in August 2025 that India added approximately 2.1 million new piped natural gas connections during the fiscal year 2024-25, leading to an 11 percent surge in gas sales. The sheer scale of these infrastructure projects ensures long-term visibility for equipment suppliers. According to Landis+Gyr, in 2025, the company reported a record order backlog of USD 4.6 billion, reflecting the enduring global requirement for expanded metering capabilities.

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Key Market Challenges

The high capital expenditure associated with deploying advanced metering infrastructure acts as a significant restraint on the Global Gas Meters Market. Utility providers often face immense financial pressure when attempting to modernize networks, as smart metering projects require substantial upfront investment in hardware, software, and communication networks. This economic burden is frequently compounded by regulatory complexities regarding data privacy and interoperability, which can extend project timelines and inflate implementation costs. Consequently, many utilities in cost-sensitive regions are forced to delay or scale back their modernization initiatives, directly slowing the adoption rate of newer metering technologies.

This financial strain is evident when observing the massive capital already allocated to maintaining basic infrastructure integrity, which competes with modernization budgets. According to the American Gas Association, in 2025, natural gas utilities in the United States invest $37 billion annually to enhance the safety of distribution and transmission systems. Such high operational baseline costs limit the available capital for discretionary upgrades like advanced metering, thereby hampering the overall growth momentum of the market as utilities must prioritize essential safety maintenance over technological enhancements.

Key Market Trends

The development of hydrogen-compatible gas meters is accelerating as utilities pursue decarbonization through hydrogen blending and pure hydrogen injection. Traditional diaphragm units struggle with hydrogen's lower density and permeation risks, necessitating the engineering of static measurement technologies and materials resistant to embrittlement. This shift is supported by expanded testing capabilities to ensure infrastructure readiness for blended streams. According to Southwest Research Institute, November 2025, in the 'Metering Research Facility capabilities' press release, the organization upgraded its facility to evaluate flow measurement technologies with natural gas blends containing 5 to 25 percent hydrogen. This evolution ensures measurement accuracy remains compliant with custody transfer standards during the energy transition.

The integration of Narrowband IoT (NB-IoT) connectivity is rapidly replacing legacy radio frequency systems, offering superior signal penetration for underground assets and extended battery longevity. Unlike proprietary mesh networks, NB-IoT leverages existing cellular infrastructure to provide carrier-grade security and deep coverage, resolving communication gaps in dense urban environments. This architectural transition is exemplified by major utility programs adopting cellular standards for reliable data transmission. According to Landis+Gyr, November 2025, in the 'Future Gas Prepayment' press release, the company deployed a metering solution utilizing NB-IoT technology to connect approximately 217,000 households and businesses across Northern Ireland. Such deployments highlight the pivot towards standardized low-power networks for advanced grid management.

Segmental Insights

The Rotary Meters segment represents the fastest growing category within the global gas meters market due to rising demand from commercial and industrial sectors. This growth is driven by the requirement for high accuracy when measuring large volumes of gas under varying pressure conditions. Utility operators increasingly prefer rotary meters over conventional diaphragm models because they offer durable performance in a smaller design. Furthermore, the ongoing development of industrial gas distribution networks necessitates these reliable metering solutions to ensure efficient billing and resource management for high consumption users.

Regional Insights

North America holds a dominant position in the global gas meters market, driven primarily by the widespread modernization of existing energy infrastructure. Utility providers are actively transitioning from traditional units to advanced metering infrastructure to enhance operational efficiency and billing accuracy. This shift is heavily supported by government initiatives regarding energy conservation and safety standards advocated by entities such as the U.S. Department of Energy. Furthermore, the extensive natural gas distribution network and high residential consumption throughout the region necessitate continuous investments in reliable metering solutions to monitor usage effectively.

Recent Developments

• In April 2025, Landis+Gyr finalized a three-year contract extension with Centrica Smart Meter Assets to provide smart electricity and gas meters across the United Kingdom. This agreement continued a long-term collaboration intended to support the national rollout of smart metering infrastructure and the digitization of the energy grid. Under the terms of the deal, the company committed to supplying technology that assists households and businesses in managing energy consumption more effectively. The partnership aimed to facilitate the integration of renewable energy sources and contribute to the country's carbon reduction targets through improved network visibility and data management.
• In March 2025, Honeywell released the NXU Residential Smart Gas Meter, a device developed to improve safety and management for North American utilities. The meter utilized ultrasonic technology to measure gas flow and composition, designed to ensure accuracy and long-term performance. Key features included built-in pressure sensors and a remote shut-off valve, which allowed operators to respond quickly to potential leaks or safety incidents. The unit was also compatible with a proprietary performance platform, enabling utilities to access near real-time data for analyzing operational inefficiencies and optimizing network distribution without requiring on-site intervention.
• In June 2024, Apator Metrix announced the delivery of over 150,000 smart gas meters to a consortium of Belgian distribution network operators, including Fluvius and ORES. This shipment was part of a broader agreement to supply approximately one million units between 2024 and 2026. The provided devices, known as iSMART2, utilized the Phoenix-RTOS operating system and integrated electronic indexing with traditional diaphragm measurement technology. This development marked a significant phase in the modernization of the region's gas network, demonstrating the company's capability to execute large-scale manufacturing and deployment commitments within the European market.
• In February 2024, Sagemcom introduced its ANSI Advanced Meter platform as part of the SICONIA product line during an industry event in Orlando, Florida. This release was intended to broaden the company's automated metering infrastructure offerings for residential and commercial markets in North America. The system was engineered to incorporate edge intelligence and artificial intelligence, allowing utilities to process granular data into operational insights. Additionally, the meters supported home energy management functions for distributed energy resources. The platform featured interoperable communication modules, including radio frequency and cellular options, to maintain connectivity across diverse operational environments.

Key Market Players

• Honeywell International Inc.
• Itron Inc.
• Apator SA
• Diehl Stiftung & Co. KG
• Xylem Inc.
• Landis+Gyr Group AG
• Badger Meter, Inc.
• General Electric
• Aclara Technologies LLC
• EDMI Limited

By Technology	By Application	By Type	By Region
Standard Gas Meters and Smart Gas Meters	Residential Commercial Industrial	Diaphragm Meters Rotary Meters Turbine Meters and Ultrasonic Flow Meters	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Gas Meters Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Gas Meters Market, By Technology:

• Standard Gas Meters and Smart Gas Meters

• Gas Meters Market, By Application:

• Residential
• Commercial
• Industrial

• Gas Meters Market, By Type:

• Diaphragm Meters
• Rotary Meters
• Turbine Meters and Ultrasonic Flow Meters

• Gas Meters Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE