DELRAY BEACH, Fla., Oct. 2, 2026 /PRNewswire/ -- According to MarketsandMarkets™, the global Smart Gas Meter Market size is projected to grow from USD 2.55 billion in 2026 to USD 3.74 billion by 2031 at a compound annual growth rate (CAGR) of 8.0% during the forecast period.

Browse over 150 market data tables and 44 figures spread across 220 pages, and an in-depth TOC of the "Smart Gas Meter Market —Global Forecast to 2031."

The global Smart Gas Meter Market is continuing to grow as gas utilities modernize distribution networks, expand automated meter reading (AMR) and advanced metering infrastructure (AMI), and move from conventional mechanical meters toward connected and digitally managed systems. Smart gas meters are increasingly adopted to improve billing accuracy, reduce the need for manual meter reading, enhance network safety, and give utilities better visibility into consumption and network conditions. Market development is also supported by advances in ultrasonic and solid-state metering, two-way communication, remote shutoff, leak detection, and IoT-enabled monitoring. Itron and Landis+Gyr are expanding ultrasonic smart gas meter platforms that combine advanced measurement with AMI connectivity and safety features, while Apator offers smart gas meters supporting NB-IoT and Wireless M-Bus communication.

The Smart Gas Meter Market is moving beyond basic remote meter reading toward integrated digital gas-network management, creating opportunities across communication modules, meter-data platforms, remote monitoring, and analytics. Retrofit solutions allow utilities to add two-way AMI capabilities to existing diaphragm meters without replacing the entire metering infrastructure, while multi-utility platforms enable gas, electricity, water, and thermal meters to operate through shared communication networks. Diehl Metering, for example, provides AMR/AMI solutions that connect meters with communication networks and software for data management and analysis, while Landis+Gyr combines smart gas meters, retrofit modules, IoT connectivity, and remote operational capabilities. As utilities continue to invest in network modernization, the market is increasingly moving toward connected gas-metering ecosystems in which metering hardware, communications, safety functions, and software work together to improve the efficiency, visibility, and responsiveness of gas distribution networks.

Smart Gas Meter Market Size & Forecast:

- Market Size Available for Years: 2022–2031

- 2025 Market Size: USD 2.36 billion

- 2031 Projected Market Size: USD 3.74 billion

- CAGR (2026–2031): 8.0%

Smart Gas Meter Market Trends & Insights:

- By region, North America is expected to register a CAGR of 5.2% in the Smart Gas Meter Market during the forecast period.

- By type, the smart diaphragm gas meters segment accounted for a 79.7% market share in 2025.

- By technology, the advanced metering infrastructure (AMI) segment held a 71.7% share of the Smart Gas Meter Market in 2025.

- By application, the hardware segment is expected to register the highest growth rate from 2026 to 2031.

- By end user, the residential segment is projected to be the fastest-growing during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256341634

Residential segment to be the largest contributor to market growth from 2026 to 2031

By end user, the residential segment is anticipated to dominate the Smart Gas Meter Market during the forecasted period due to the increasing focus on energy efficiency. Asia Pacific held the largest share of the market for the residential segment in 2025. Furthermore, specific government mandates are accelerating adoption — for example, China's nationwide AMI rollout targets, Japan's smart meter deployment programs, and regulations in the UK, France, and Italy requiring the installation of smart gas meters in residential buildings. These country-level initiatives, along with similar programs in Australia, continue to drive strong demand in the residential segment.

Ultrasonic gas meters segment is expected to witness strong growth between 2026 and 2031

By type, the ultrasonic gas meters segment is likely to record a high CAGR in the Smart Gas Meter Market during the forecast period, as utilities are looking for advanced measurement technologies that combine accurate gas measurement with digital communication and safety features. Ultrasonic gas meters are highly advantageous as they do not rely on traditional moving parts. This design allows manufacturers to incorporate electronic sensing, communication, and monitoring functions into compact platforms. For instance, Itron's Intelis platform combines ultrasonic metrology with built-in safety features. Similarly, Landis+Gyr's Surent G480 integrates solid-state ultrasonic measurement with two-way cellular communication and automatic safety shutoff capabilities. These advanced features make ultrasonic meters ideal for AMI-enabled gas networks, where meters can function as connected endpoints, transmitting consumption and operational data. This development presents opportunities for manufacturers to create ultrasonic platforms that include integrated communication, remote diagnostics, safety monitoring, and data management capabilities. As utilities increasingly adopt advanced metering technologies and modernize their gas infrastructure, the demand for ultrasonic smart gas meters is expected to rise.

Asia Pacific dominated the Smart Gas Meter Market in 2025

By region, Asia Pacific accounted for the largest share of the Smart Gas Meter Market in 2025. driven by utility digitalization, rapid urbanization, expanding city-gas distribution, and government-backed smart-city initiatives. China remained the largest market, supported by extensive gas-network expansion and smart-utility investments, while India's accelerating piped-gas connections created significant deployment potential. Utilities increasingly prioritized remote meter reading, accurate billing, leakage detection, operational efficiency, and real-time consumption visibility. Replacement cycles in mature markets such as China and Japan further supported demand, while emerging Southeast Asian markets opened incremental opportunities. Collectively, these factors strengthened the business case for connected AMI/IoT-enabled gas metering solutions across the region.

Top Companies in Smart Gas Meter Industry:

The Smart Gas Meter Industry include Badger Meter, Inc. (US), Kamstrup (Denmark), Diehl Stiftung & Co. KG (Germany), Landis+Gyr (Switzerland), Aclara Technologies (US), Xylem (US), Itron, Inc. (US), Bmeters Srl (Italy), Honeywell International Inc. (US), MOM Co. Ltd. (South Korea), WaterTech (Arad Group) (Israel), Zenner International GmbH & Co. KG (Germany), Neptune Technology Group Inc. (US), Iskraemeco Group (Slovenia), and Sagemcom (France). These companies are strengthening their market positions through smart water meter portfolio expansion, energy-efficiency improvements, product innovation, geographic expansion, strategic acquisitions, and investments in water utilities and industrial applications.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=256341634

Smart Gas Meter Market - Investment & funding + Merger & Acquisition

Investment Funding Context

The Smart Gas Meter Market is witnessing increased investment from metering manufacturers, utility technology providers, and gas distribution companies as utilities accelerate network digitalization, remote meter reading, and AMI deployment. Investment is increasingly focused on ultrasonic and solid-state metering, communication modules, AMI platforms, meter-data management, remote safety functions, and software-enabled utility services. Itron has expanded beyond traditional metering hardware through investments in software and utility infrastructure capabilities, including its acquisition of Urbint for USD 325 million in 2025 and Locusview for approximately USD 525 million, completed in January 2026. These acquisitions strengthen Itron's capabilities in AI-powered operational resilience and digital infrastructure management. Apator is also expanding its smart metering portfolio, with its gas business benefiting from the growing adoption of remotely readable gas meters and increasing customer interest in ultrasonic metering technologies.

Revenue Shift Context

The Smart Gas Meter Market is gradually moving beyond conventional meter sales toward connected metering, communication infrastructure, data-management platforms, remote monitoring, and utility software. Revenue opportunities are increasingly emerging from the digitalization of existing gas-metering infrastructure, including retrofit communication modules that enable remote meter reading without requiring a complete meter replacement. Landis+Gyr's 2026 agreement with Origin Energy highlights this shift, with intelligent IoT modules, communication technology, and a data-management platform being deployed across existing gas-metering assets in Australia. Apator is also involved in large-scale meter replacement programs, including a project with Polska Spółka Gazownictwa to replace traditional diaphragm meters with remotely readable smart meters. This reflects the market's broader shift toward integrated solutions that combine metering hardware, connectivity, software, analytics, and long-term utility services.

Mergers and Acquisitions

M&A activity in the Smart Gas Meter Market and the broader utility-technology ecosystem is increasingly focused on strengthening software, analytics, connectivity, predictive maintenance, and digital utility infrastructure rather than simply expanding physical meter portfolios. Itron's acquisitions of Urbint and Locusview reflect this shift toward AI-enabled operational resilience and digital infrastructure management.