Europe is a significant contributor to the global smart gas meter market growing at a CAGR of 7.3% during the forecast period. In Europe, regional directives and national regulations are the key factors to drive the growth of the smart gas meter market. In particular, the Third Energy Package, and the 2009 Electricity and Gas Directives, which are aimed at liberalizing the electricity and gas markets to enable consumer participation and improve transparency, require suppliers to improve the frequency and accuracy of meter reading and billing and provide consumers with better access to consumption information. The 2009 Gas Directive require member states to carry out a cost-benefit analysis (CBA) for smart gas meters by September 2012.
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A number of factors affect both, the business case and possible social benefits of smart gas metering including the density of targeted gas customers, gas customer expenditure relative to electricity expenditure, the competitiveness of supply market and need for consumer engagement, meter location, and meter ownership. There exists considerable variability in the drivers of smart gas meter market at a national level and also, the pros and cons of smart gas metering vary widely in the region. Moreover, with the availability of next-generation technologies such as IoT-optimized 4G/5G mobile, it is expected that there will be a shift from legacy RF platforms to emerging standards like NB-IoT for gas metering which is further supporting the growth of smart metering solutions in Europe.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
European Smart Gas Meter Market by Type
- Advanced Metering Infrastructure (AMI)
- Automatic Meter Reading (AMR)
European Smart Gas Meter Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- Apator SA
- Diehl Stiftung & Co. KG
- Eaton Corp.
- Elster Group (Honeywell International Inc.)
- Itron Inc.
- Landis+Gyr AG
- Sensirion AG.
- Siemens AG
- Flonidan A/S
- Holley Technology UK Ltd.
The Report Covers
- Comprehensive research methodology of the European Smart Gas Meter market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European Smart Gas Meter market.
- Insights about market determinants which are stimulating the European Smart Gas Meter market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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