North America’s smart gas meter market has considerable market growth at a CAGR of 7.1% during the forecast period. This market is mainly driven by the well-developed automatic meter reading infrastructure and ICT industry. As per the World Bank, the cumulative GDP of North America was $22.2 trillion in 2018. The economic strength and well-established technology infrastructure of North America provides a solid platform for the growth of the smart gas meter market.
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North America is the home of the largest companies in terms of revenue which include Landis+Gyr AG, Diehl Stiftung& Co. KG, Honeywell International Inc., Itron Inc., Suntront Tech Co., Ltd., Aclara Technologies LLC, and Apator SA among others. These companies are the key players contributing to the smart gas meters market and their presence is estimated to fuel the growth of the market. Additionally, the growth of the smart gas meters market in the region is driven by increasing awareness towards the implementation of smart gas meters to reduce theft and to safeguard utility. The government-driven initiatives to offer smart solutions in gas supply are further fueling the market growth in the region. Synching of these smart gas meters with smartphones to perform easy remote monitoring of gas supply in North America is again making a remarkable contribution to the market growth in the region. The US and Canada from the region have made a considerable contribution to the market growth owing to the rising investment for gas pipeline and smart grid systems by the residential, commercial and industrial sectors.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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
North American Smart Gas Meter Market by Type
- Advanced Metering Infrastructure (AMI)
- Automatic Meter Reading (AMR)
North American Smart Gas Meter Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- United States
- Canada
Company Profiles
- Aclara Technologies LLC
- Badger Meter, Inc.
- Diehl Stiftung & Co. KG
- Eaton Corp.
- Elster Group (Honeywell International Inc.)
- Itron Inc.
- Jabil Inc.
- Landis+Gyr AG
- Sensirion AG
- Siemens AG
The Report Covers
- Comprehensive research methodology of the North American 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 North American Smart Gas Meter market.
- Insights about market determinants which are stimulating the North American 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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