Smart Gas Market Analysis

Technology Segment Analysis

The advanced metering infrastructure (AMI) segment, which is part of technology, is anticipated to garner the largest share of 52.8% in the smart gas market by the end of 2035. The segment’s growth is highly fueled by its ability to enable a two-way communication between utilities and consumers, allowing real-time monitoring, leak detection, and demand-response capabilities. This functionality is critical for modern gas distribution networks, where efficiency, safety, and sustainability are paramount. Furthermore, the growth of AMI is driven by government mandates for smart utility infrastructure, particularly in North America, Europe, and Asia-Pacific. In addition, regulators in these regions deliberately require utilities to adopt advanced metering systems to improve transparency and reduce emissions. Therefore, with these capabilities, there is a huge growth opportunity for the segment, which is uplifting the market’s exposure internationally.

Communication Segment Analysis

By the end of the forecast period, the radio frequency sub-segment, part of the communication segment, is projected to cater to the second-largest share in the smart gas market. The sub-segment’s growth is highly uplifted by its importance to enable wireless data transmission, facilitate remote monitoring, and eliminate manual readings. This, in turn, leads to rapid billing, lowered utility losses, and optimized consumer service through real-time consumption insights. According to an article published by Environment International in May 2024, the technological applications of radiofrequency electromagnetic fields usually range between 100 kHz to 300 GHz. Based on this, and as stated in the November 2024 NLM article, flexible sensors are readily able to withstand mechanical deformation, with more than 10 m−1 bending curvature or over 1% strain, without device failure.

Deployment Segment Analysis

Based on the deployment segment, the cloud-based sub-segment in the smart gas market is expected to account for the third-largest share during the stipulated duration. The sub-segment’s development is extremely fueled by its provision of essential accessibility, computational power, and scalability. These are necessary for managing massive datasets that are generated by smart devices, enabling operational efficiency, enhancing safety, and real-time analytics. As per an article published by the IBEF Organization in June 2023, the data center sector in India is worth USD 4.4 billion, which is projected to rise by USD 8.0 billion in the upcoming years. Besides, the domestic public cloud services industry is projected to reach USD 13.5 billion, along with a 24% growth rate. Therefore, this has resulted in a huge focus on implementing big data and IoT for data collection and storage thus denoting an optimistic outlook for the segment.

Our in-depth analysis of the global smart gas market includes the following segments: