North America Smart Gas Meter Market 2022-2032 by Component (Hardware, Software), Technology (AMR, AMI), Product Type (Diaphragm, Ultrasonic), Smart Card (CPU, RFID), End Use (Residential, Commercial, Industrial), and Country: Trend Forecast and Growth Opportunity
North America smart gas meter market is projected to grow by 6.7% annually in the forecast period and reach $1.13 billion by 2032, driven by the increasing safety needs, digitalization of distribution grids and optimization of network operations, asset management of advanced metering infrastructure (AMI), and increasing investment in smart meter technologies supported by government initiatives.
Highlighted with 81 tables and 38 figures, this 131-page report “North America Smart Gas Meter Market 2022-2032 by Component (Hardware, Software), Technology (AMR, AMI), Product Type (Diaphragm, Ultrasonic), Smart Card (CPU, RFID), End Use (Residential, Commercial, Industrial), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America smart gas meter market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America smart gas meter market in every aspect of the classification from perspectives of Component, Technology, Product Type, Smart Card, End Use, and Country.
Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
• Software & Service
Based on Technology, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
By Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Smart Diaphragm Gas Meter
• Smart Ultrasonic Gas Meter
By Smart Card, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• CPU Card-based Meters
• RFID Card-based Meters
• Other Card-based Meters
By End Use, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Residential Use
• Commercial Use
• Industrial Use
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Component, Technology, and End Use over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aclara Technologies
AEM
Aichi Tokei Denki Co. Ltd.
Apator SA
Azbil Kimmon Co. Ltd (Azbil Corporation)
Badger Meter, Inc.
Chongqing Shancheng Gas Equipment Co., Ltd.
Dandong Dongfa (Group) Co., Ltd.
Diehl Stiftung GmbH & Co. KG
EDMI Ltd.
Elster Group GmbH (Honeywell International Inc.)
Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.)
Itron Inc.
Landis + GYR Group AG
Pietro Fiorentini SpA
Sagemcom SAS
Schneider Electric SE
Sensus Usa Inc. (Xylem Inc.)
Siemens AG
Wasion Group Holdings
Yazaki Corporation
Zenner International GmbH & Co. KG
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of North America Market by Component 44
3.1 Market Overview by Component 44
3.2 Hardware 46
3.3 Software & Service 47
4 Segmentation of North America Market by Technology 48
4.1 Market Overview by Technology 48
4.2 Automatic Meter Reading (AMR) 50
4.3 Advanced Metering Infrastructure (AMI) 51
5 Segmentation of North America Market by Product Type 52
5.1 Market Overview by Product Type 52
5.2 Smart Diaphragm Gas Meter 54
5.3 Smart Ultrasonic Gas Meter 55
6 Segmentation of North America Market by Smart Card 56
6.1 Market Overview by Smart Card 56
6.2 CPU Card-based Meters 58
6.3 RFID Card-based Meters 59
6.4 Other Card-based Meters 60
7 Segmentation of North America Market by End Use 61
7.1 Market Overview by End Use 61
7.2 Residential Use 63
7.3 Commercial Use 64
7.4 Industrial Use 65
8 North America Market 2022-2032 by Country 66
8.1 Overview of North America Market 66
8.2 U.S. 69
8.3 Canada 72
8.4 Mexico 74
9 Competitive Landscape 76
9.1 Overview of Key Vendors 76
9.2 New Product Launch, Partnership, Investment, and M&A 79
9.3 Company Profiles 80
Aclara Technologies 80
AEM 82
Aichi Tokei Denki Co. Ltd. 84
Apator SA 86
Azbil Kimmon Co. Ltd (Azbil Corporation) 88
Badger Meter, Inc. 91
Chongqing Shancheng Gas Equipment Co., Ltd. 93
Dandong Dongfa (Group) Co., Ltd. 94
Diehl Stiftung GmbH & Co. KG 95
EDMI Ltd. 97
Elster Group GmbH (Honeywell International Inc.) 99
Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.) 101
Itron Inc. 104
Landis + GYR Group AG 107
Pietro Fiorentini SpA 109
Sagemcom SAS 112
Schneider Electric SE 115
Sensus Usa Inc. (Xylem Inc.) 118
Siemens AG 120
Wasion Group Holdings 124
Yazaki Corporation 127
Zenner International GmbH & Co. KG 129
Related Reports and Products 131
List of Tables:
Table 1. Snapshot of North America Smart Gas Meter Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in North America Smart Gas Meter Market 36
Table 6. North America Smart Gas Meter Market by Component, 2022-2032, $ mn 44
Table 7. North America Smart Gas Meter Market by Technology, 2022-2032, $ mn 48
Table 8. North America Smart Gas Meter Market by Product Type, 2022-2032, $ mn 52
Table 9. North America Smart Gas Meter Market by Smart Card, 2022-2032, $ mn 56
Table 10. North America Smart Gas Meter Market by End Use, 2022-2032, $ mn 61
Table 11. North America Smart Gas Meter Market by Country, 2022-2032, $ mn 67
Table 12. U.S. Smart Gas Meter Market by Component, 2022-2032, $ mn 71
Table 13. U.S. Smart Gas Meter Market by Technology, 2022-2032, $ mn 71
Table 14. U.S. Smart Gas Meter Market by End Use, 2022-2032, $ mn 71
Table 15. Canada Smart Gas Meter Market by Component, 2022-2032, $ mn 73
Table 16. Canada Smart Gas Meter Market by Technology, 2022-2032, $ mn 73
Table 17. Canada Smart Gas Meter Market by End Use, 2022-2032, $ mn 73
Table 18. Mexico Smart Gas Meter Market by Component, 2022-2032, $ mn 75
Table 19. Mexico Smart Gas Meter Market by Technology, 2022-2032, $ mn 75
Table 20. Mexico Smart Gas Meter Market by End Use, 2022-2032, $ mn 75
Table 21. Aclara Technologies: Company Snapshot 80
Table 22. Aclara Technologies: Business Segmentation 81
Table 23. Aclara Technologies: Product Portfolio 81
Table 24. AEM: Company Snapshot 82
Table 25. Aichi Tokei Denki Co. Ltd.: Company Snapshot 84
Table 26. Aichi Tokei Denki Co. Ltd.: Product Portfolio 85
Table 27. Apator SA: Company Snapshot 86
Table 28. Apator SA: Business Segmentation 87
Table 29. Apator SA: Revenue by Region 87
Table 30. Apator SA: Product Portfolio 87
Table 31. Azbil Kimmon Co. Ltd (Azbil Corporation): Company Snapshot 88
Table 32. Azbil Kimmon Co. Ltd (Azbil Corporation): Business Segmentation 89
Table 33. Azbil Kimmon Co. Ltd (Azbil Corporation): Revenue by Region 89
Table 34. Azbil Kimmon Co. Ltd (Azbil Corporation): Product Portfolio 90
Table 35. Badger Meter, Inc.: Company Snapshot 91
Table 36. Badger Meter, Inc.: Revenue by Region 91
Table 37. Badger Meter, Inc.: Product Portfolio 92
Table 38. Chongqing Shancheng Gas Equipment Co., Ltd.: Company Snapshot 93
Table 39. Dandong Dongfa (Group) Co., Ltd.: Company Snapshot 94
Table 40. Diehl Stiftung GmbH & Co. KG: Company Snapshot 95
Table 41. Diehl Stiftung GmbH & Co. KG: Business Segmentation 96
Table 42. Diehl Stiftung GmbH & Co. KG: Product Portfolio 96
Table 43. EDMI Ltd.: Company Snapshot 97
Table 44. EDMI Ltd.: Product Portfolio 97
Table 45. Elster Group GmbH (Honeywell International Inc.): Company Snapshot 99
Table 46. Elster Group GmbH (Honeywell International Inc.): Business Segmentation 100
Table 47. Elster Group GmbH (Honeywell International Inc.): Revenue by Region 100
Table 48. Elster Group GmbH (Honeywell International Inc.): Product Portfolio 100
Table 49. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Company Snapshot 101
Table 50. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Product Portfolio 102
Table 51. Itron Inc.: Company Snapshot 104
Table 52. Itron Inc.: Business Segmentation 105
Table 53. Itron Inc.: Revenue by Region 105
Table 54. Itron Inc.: Product Portfolio 105
Table 55. Landis + GYR Group AG: Company Snapshot 107
Table 56. Landis + GYR Group AG: Revenue by Region 107
Table 57. Landis + GYR Group AG: Product Portfolio 108
Table 58. Pietro Fiorentini SpA: Company Snapshot 109
Table 59. Pietro Fiorentini SpA: Product Portfolio 110
Table 60. Sagemcom SAS: Company Snapshot 112
Table 61. Sagemcom SAS: Business Segmentation 113
Table 62. Sagemcom SAS: Product Portfolio 113
Table 63. Schneider Electric SE: Company Snapshot 115
Table 64. Schneider Electric SE: Business Segmentation 115
Table 65. Schneider Electric SE: Revenue by Region 116
Table 66. Sensus Usa Inc. (Xylem Inc.): Company Snapshot 118
Table 67. Sensus Usa Inc. (Xylem Inc.): Business Segmentation 119
Table 68. Sensus Usa Inc. (Xylem Inc.): Revenue by Region 119
Table 69. Sensus Usa Inc. (Xylem Inc.): Product Portfolio 119
Table 70. Siemens AG: Company Snapshot 120
Table 71. Siemens AG: Business Segmentation 120
Table 72. Siemens AG: Revenue by Region 121
Table 73. Wasion Group Holdings: Company Snapshot 124
Table 74. Wasion Group Holdings: Business Segmentation 125
Table 75. Wasion Group Holdings: Revenue by Region 125
Table 76. Wasion Group Holdings: Product Portfolio 125
Table 77. Yazaki Corporation: Company Snapshot 127
Table 78. Yazaki Corporation: Revenue by Region 127
Table 79. Yazaki Corporation: Product Portfolio 128
Table 80. Zenner International GmbH & Co. KG: Company Snapshot 129
Table 81. Zenner International GmbH & Co. KG: Product Portfolio 130List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. North America Smart Gas Meter Market by Value, 2022-2032, $ mn 19
Figure 5. North America Smart Gas Meter Market by Volume, 2022-2032, million units 20
Figure 6. Impact of COVID-19 on Business 24
Figure 7. Primary Drivers and Impact Factors of North America Smart Gas Meter Market 30
Figure 8. Primary Restraints and Impact Factors of North America Smart Gas Meter Market 33
Figure 9. Investment Opportunity Analysis 37
Figure 10. Porter’s Fiver Forces Analysis of North America Smart Gas Meter Market 40
Figure 11. Breakdown of North America Smart Gas Meter Market by Component, 2022-2032, % of Revenue 44
Figure 12. Contribution to North America 2023-2032 Cumulative Revenue by Component, Value ($ mn) and Share (%) 45
Figure 13. North America Smart Gas Meter Market: Hardware, 2022-2032, $ mn 46
Figure 14. North America Smart Gas Meter Market: Software & Service, 2022-2032, $ mn 47
Figure 15. Breakdown of North America Smart Gas Meter Market by Technology, 2022-2032, % of Revenue 48
Figure 16. Contribution to North America 2023-2032 Cumulative Revenue by Technology, Value ($ mn) and Share (%) 49
Figure 17. North America Smart Gas Meter Market: Automatic Meter Reading (AMR), 2022-2032, $ mn 50
Figure 18. North America Smart Gas Meter Market: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 51
Figure 19. Breakdown of North America Smart Gas Meter Market by Product Type, 2022-2032, % of Revenue 52
Figure 20. Contribution to North America 2023-2032 Cumulative Revenue by Product Type, Value ($ mn) and Share (%) 53
Figure 21. North America Smart Gas Meter Market: Smart Diaphragm Gas Meter, 2022-2032, $ mn 54
Figure 22. North America Smart Gas Meter Market: Smart Ultrasonic Gas Meter, 2022-2032, $ mn 55
Figure 23. Breakdown of North America Smart Gas Meter Market by Smart Card, 2022-2032, % of Revenue 56
Figure 24. Contribution to North America 2023-2032 Cumulative Revenue by Smart Card, Value ($ mn) and Share (%) 57
Figure 25. North America Smart Gas Meter Market: CPU Card-based Meters, 2022-2032, $ mn 58
Figure 26. North America Smart Gas Meter Market: RFID Card-based Meters, 2022-2032, $ mn 59
Figure 27. North America Smart Gas Meter Market: Other Card-based Meters, 2022-2032, $ mn 60
Figure 28. Breakdown of North America Smart Gas Meter Market by End Use, 2022-2032, % of Revenue 61
Figure 29. Contribution to North America 2023-2032 Cumulative Revenue by End Use, Value ($ mn) and Share (%) 62
Figure 30. North America Smart Gas Meter Market: Residential Use, 2022-2032, $ mn 63
Figure 31. North America Smart Gas Meter Market: Commercial Use, 2022-2032, $ mn 64
Figure 32. North America Smart Gas Meter Market: Industrial Use, 2022-2032, $ mn 65
Figure 33. Breakdown of North America Smart Gas Meter Market by Country, 2022 and 2032, % of Revenue 67
Figure 34. Contribution to North America 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 68
Figure 35. U.S. Smart Gas Meter Market, 2022-2032, $ mn 70
Figure 36. Canada Smart Gas Meter Market, 2022-2032, $ mn 72
Figure 37. Smart Gas Meter Market in Mexico, 2022-2032, $ mn 74
Figure 38. Growth Stage of North America Smart Gas Meter Industry over the Forecast Period 76
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
| Historical Data (2015-2019) |
|
|
| Influencing Factors |
|
|
| Market Forecast (2021-2026) |
|
|
Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
| Market Size |
|
|
| Market Position of Top Company |
|
|
| Qualitative Analysis |
|
|
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
| Primary Sources | Parameters | Key Data |
| Market Segments(by Application, by Type) |
|
|
| Total Market |
|
|