This report summarises the Transforma Insights view on the Gas Smart Meter IoT market found in the Transforma Insights Connected Things TAM forecast.
The report covers in detail, the evolution of traditional gas meters to smart gas meters that are equipped with connectivity to report gas consumption without manual reading, as well as other metrics such as pressure measurement and leak detection. The total number of Gas Smart Meters will grow from 306.8 million in 2025 to 586.7 million by the end of 2035.
North America, Europe, and China have witnessed a significant number of gas smart meter installations due to their large, long standing gas grids. Deployment of smart gas meters is typically triggered by the government or local utility provider. New areas of growth are starting to appear in non-traditional markets. India & South Asia and SubSaharan Africa are witnessing rapid urbanisation and have begun to transition to piped natural gas from gas cylinders and will represent a more positive market for the deployment of gas smart meters in the near future.
The report also describes the barriers to growth, such as the increasing cost of natural gas, a focus on renewable energy sources (including hydrogen gas and biogas), an overview of alternative sources of natural gas supply in Europe with reduced imports from Russia, and the shifting focus from gas usage to electricity in countries like Australia to reduce
gas consumption in the near future.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used and revenue. A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
The report examines key factors that are influencing the development of the market, including:
This section of the report begins with a basic definition and features of traditional gas meters (such as requiring manual reading for billing) and gas smart meters (such as being connected to indoor smart devices for communicating real-time gas consumption data to their users).
It then discusses how a combination of smart metering technology and upstream smart grid deployments can effectively deal with the two major causes of gas-related accidents: gas pipeline pressure and faulty sensor operations.
This section primarily focuses on the limitations of gas smart meters; for instance, they can only be installed in countries that use gas pipes to supply gas to both residential and commercial users. It then charts the benefits of switching to piped gas from cylinders, like reduced accidents and getting rid of the routine task of checking LPG refill cylinders for any suspected leakage or being underweight at the time of delivery. However, it also lists some of the challenges of piped gas, including the prohibitive cost associated with the establishment of these pipelines.
It then talks about the governments of various countries that are driving the deployment of gas smart meters and the benefits of such deployments. For instance, the deployment of these meters in Europe and North America has significantly improved revenue collection for various utilities, thereby improving billing efficiency. In a tabular format, it then describes gas smart meter deployment status across major geographies, including Australia, Azerbaijan, Belgium, China, France, Greece, India, Iran, Ireland, Italy, Japan, Kazakhstan, Luxembourg, Netherlands, Romania, South-East Asia, South Korea, Spain, the UK, the US, and Uzbekistan. Case in point, in the US, the deployment of smart gas meters is triggered by local utility providers and is voluntary for end users. As per local regulations, US consumers across every state can upgrade their traditional meters with smart gas meters or continue to use their old ones. The smart gas meter rollout across residential areas in the country was launched in 2011 and is yet to be completed.
This section discusses the impact of the ongoing war between Ukraine and Russia on gas smart meters. It reveals that Russia’s share of EU imports of pipeline gas has dropped from 40% in 2021 to about 13% (35 billion cubic metres) in the first half of 2025, while volumes of LNG imports from Norway (33.4%) and seaborne cargoes from the US (16.5%) and Algeria (14.4%) have increased significantly.
It then discusses various steps taken by the European Union to reduce its dependence on Russian gas. For instance, in December 2025, the EU member states entered into an agreement to phase out LNG imports from Russia by 31 December 2026 and pipeline gas by 30 September 2027. Moreover, one scheme encouraged UK homeowners to adopt heat pumps to reduce gas consumption. The scheme, which ran from 2022 to 2025, offered homeowners grants of up to GBP6,000 (USD7,986) for installing heat pumps or biomass boilers. Then it claims that governments will increasingly promote alternative heating and discourage gas use to cut emissions, accelerating the shift from gas to electric heating. As new homes adopt all-electric systems, demand for gas smart meters is likely to decline. For instance, the State Government of Victoria has introduced gas security measures to prevent shortages and prioritise supply for local industry, encouraging households to switch to efficient electric appliances and requiring new homes to be fully electric. It also explains how the Great East Japan Earthquake of 2011 and the resulting nuclear disaster at Fukushima contributed to the need for smart gas meters to improve energy security.
This section considers the increasing dependence on renewable and low-carbon gases in the future, such as biogas, biomethane, and hydrogen (primarily owing to the aim of reducing carbon emissions) and discusses how this shift will impact the deployment of gas smart meters.
It also discusses some of the ongoing partnerships between the European Union and various international agencies, which aim at increasing the usage of low-carbon hydrogen and synthetic fuels.
This section focuses on the CBAs (cost-benefit analyses) that have been conducted in Europe for gas smart metering and their results. It talks about the countries that have reported positive results (like the Netherlands, the UK, Ireland, and others) as well as those that have reported negative outcomes (such as Belgium, Portugal, Spain, and others) and how this situation may change in future with rising gas prices and a fall in the system costs.
This section of the report discusses the connectivity technologies these meters use (like LPWA technologies). In a tabular format, it then charts the technologies used across major geographies like Belgium, Bulgaria, China, France, India, Iran, Ireland, Italy, Japan, Latin America, Netherlands, New Zealand, North America, Portugal, Russia & Central Asia, South Korea, Spain, and the UK. For example, the UK has Zigbee as a prominent technology for smart gas meters. Additionally, in the southern and central areas of Great Britain, hubs use cellular and wireless mesh technologies to communicate with the central network Data Communications Company (DCC), further diverting the information to the supplier. Further north, some long-range radio communication technologies are used. Some examples of relevant IoT deployments in the industry have also been included in the report, like Spire Energy installing Intelis smart gas meters from Itron in North America.
The key vendors section lists some of the main providers of products and services related to the market, such as Landis+Gyr, Itron, Honeywell Elster Group, Apator Group, Diehl Metering, EDMI, Sensus, Zenner, and Aclara. The report provides profiles of the various vendors, including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of devices, which will grow from 306.8 million
in 2025 to 586.7 million by the end of 2035.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the gas smart meters application group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Gas Smart Meters Application Group will grow at a CAGR of 9%.
