Gas Meter Market Size

Gas Meter Market size was valued at USD 3.91 billion in 2024 and is set to cross USD 7.1 billion by the end of 2037, expanding at more than 4.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of gas meter is estimated at USD 4.06 billion.

The growth of the market can be attributed to the several advancements in the technology of gas meters. In the last few years, the gas meter has undergone several innovations in the technology, this includes the integration of the Internet of Things (IoT) in the meters to make it even smarter. Several manufacturers in the market are investing heavily in the research and development of new innovative gas metering equipment.  For instance, Nicor Gas and Sensus, a Xylem brand has installed the two-way Sensus FlexNet communication network and SmartPoint and with this, they commence their journey of urbanization.

In addition to these, factors that are believed to fuel the growth of gas meter market include the rising need to reduce gas leak accidents and helps avert huge gas accidents. The need to avoid accidents and make the gas chambers a safe place to work and live around is increasing the demand for gas meters. Modern gas meters are built to detect any form of gas seeping from the piping. They accurately gauge consumption, pinpoint excess usage that may indicate leakage, and warn the supplier of unusual consumption trends. Petrol meters have a number of sensors that monitor changes in pressure, temperature, and flow rate. These sensors assess the amount of petrol consumed and compare it to the projected rate of consumption. A leak could be indicated by unusually high usage. The meter will then transmit an alert to the supplier, who will be able to further investigate.