Gas Meter Market Regional Analysis:
APAC Market Insights
The gas meter market share in Asia Pacific is projected to surpass 46% by the end of 2035. The growth of the market can be attributed majorly to the growing government initiatives from China, India, and Japan to connect the entire nations, with gas meters. According to the Government of India's plans and objectives, around 230 cities will have gas infrastructure by 2025. Pipeline infrastructure is predicted to quadruple by 2025, while CNG stations are expected to triple by 2025 as new geographies are penetrated.
European Market Insights
The European gas meter market is estimated to register a revenue share of 19% by 2035. The growth of the market can be attributed majorly to the growing installation of smart meters. Smart meters have taken the place of traditional gas and electricity meters across the UK, making the energy system more efficient and adaptable, allowing the UK to use more renewable energy, and bringing the country closer to net zero. As of 30 March 2023, the United Kingdom had 32.4 million smart and advanced meters, accounting for 57% of all meters.
