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.
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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Further, North American smart gas meter market contributed a significant share, holding a second dominant position, in the global smart gas meter market in 2018. The market was valued at around $1.3 billion in 2018 and projected to reach nearly $2 billion in 2025 by witnessing a CAGR of 7.1% during the forecast period. North America’s smart gas meter market is segmented on the basis of countries; the US and Canada. The US held the largest market value in the North American smart gas meter due to government projects for smart cities and the high adoption of the smart gas meter coupled with aging infrastructure.
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North American Smart Gas Meter Market Segmentation
By Type
- Advanced Metering Infrastructure (AMI)
- Automatic Meter Reading (AMR)
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
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