UK Gas fell to 77.94 GBp/thm on August 15, 2025, down 1.11% from the previous day. Over the past month, UK Gas's price has fallen 6.85%, and is down 17.84% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on August of 2025.

The National Balancing Point (NBP), the UK's natural gas benchmark, amounted to 79.68 British pence per therm on July 28, 2025, for contracts with delivery in August. Prices are generally higher in the winter months due to greater gas heating demand, especially in weeks of colder weather. The UK NBP, along with the Dutch TTF, serve as benchmarks for natural gas prices in Europe. Impact on consumer prices and household expenditure post-2022 Fluctuations in wholesale natural gas prices often have immediate impacts on UK consumers. In 2023, the consumer price index for gas in the UK rose to 195 index points, using 2015 as the base year. This increase has translated into higher household expenditure on gas, which reached approximately 24.89 billion British pounds in 2023. This figure represents a 23 percent increase from the previous year and a staggering 91 percent rise compared to two years earlier, highlighting the growing financial burden on UK households. Consumption patterns and supply challenges The residential and commercial sector remain the largest consumers of natural gas in the UK, using an estimated 42 billion cubic meters in 2024. This was followed by the power sector, which consumed about 13 billion cubic meters. The UK's reliance on gas imports has grown due to declining domestic production. This shift has led to an increased dependence on liquefied natural gas imports and pipeline inflows to meet demand.

Natural gas rose to 2.92 USD/MMBtu on August 15, 2025, up 2.83% from the previous day. Over the past month, Natural gas's price has fallen 17.73%, but it is still 37.60% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on August of 2025.

TTF Gas fell to 30.95 EUR/MWh on August 15, 2025, down 4.30% from the previous day. Over the past month, TTF Gas's price has fallen 11.10%, and is down 21.52% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on August of 2025.

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

The average gas price in Great Britain in June 2025 was 86.28 British pence per therm. This was four pence higher than the same month the year prior and follows a trend of increasing gas prices. Energy prices in the UK Energy prices in the UK have been exceptionally volatile throughout the 2020s. Multiple factors, such as a lack of gas storage availability and the large share of gas in heating, have exacerbated the supply issue in the UK that followed the Russia-Ukraine war. This has also led to many smaller suppliers announcing bankruptcy, while an upped price cap threatened the energy security of numerous households. The United Kingdom has some of the highest household electricity prices worldwide. How is gas used in the UK? According to a 2023 survey conducted by the UK Department for Energy Security and Net Zero, 58 percent of respondents used gas as a heating method during the winter months. On average, household expenditure on energy from gas in the UK stood at some 24.9 billion British pounds in 2023, double the amount spent just two years prior.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in July 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

About the ProjectKAPSARC is analyzing the shifting dynamics of the global gas markets. Global gas markets have turned upside down during the past five years: North America has emerged as a large potential future LNG exporter while gas demand growth has been slowing down as natural gas gets squeezed between coal and renewables. While the coming years will witness the fastest LNG export capacity expansion ever seen, many questions are raised on the next generation of LNG supply, the impact of low oil and gas prices on supply and demand patterns and how pricing and contractual structure may be affected by both the arrival of U.S. LNG on global gas markets and the desire of Asian buyers for cheaper gas.Key PointsIn the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded. Prices at benchmark points such as the U.K. National Balancing Point (NBP), U.S. Henry Hub (HH) and Japan/Korea Marker (JKM) slumped due to lower oil prices, liquefied natural gas (LNG) oversupply and unseasonal weather. Yet, the prices of natural gas in local currencies have increased in a number of developing countries in Africa, the Middle East, Latin America, former Soviet Union (FSU) and Asia. North America experienced demand growth while gas in Europe and Asia faced rising competition from cheaper coal, renewables and, in some instances, nuclear. Gains to European demand were mostly weather related while increases in Africa and Latin America were not significant. For LNG, Europe became the market of last resort as Asian consumption declined. Moreover, an anticipated surge in LNG supply, brought on by several new projects, may lead to a confrontation with Russian or other pipeline gas suppliers to Europe. At the same time, Asian buyers are seeking concessions on pricing and flexibility in their long-term contracts. Looking ahead, natural gas has to prove itself a credible and affordable alternative to coal, notably in Asia, if the world is to reach its climate change targets. The future of the gas industry will also depend on oil prices, evolution of Chinese energy demand and impact of COP21 on national energy policies. Current low prices mean there is likely to be a pause in final investment decisions (FIDs) on LNG projects in the coming years.

The price of gas in the United Kingdom was *** British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to *** pence in the second quarter of 2025 before gradually falling to just under ** pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately ** percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of **** percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching **** percent, and food prices increasing by **** percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by *** percent in the third quarter of the year. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

Wholesale price for natural gas in the United Kingdom is projected to rise from 47 to 64 British pence per therm between 2020 and 2035, respectively. Figures are expected to remain at 64 British pence per therm in 2040.

Snapshot img

Oil And Gas Transportation Market Size 2025-2029

The oil and gas transportation market size is forecast to increase by USD 39.8 billion at a CAGR of 4.7% between 2024 and 2029.

The market is witnessing significant expansion due to substantial investments in infrastructure development. This trend is driven by the increasing demand for crude oil and natural gas, necessitating the need for advanced and efficient transportation systems. However, the market faces technical challenges that require careful consideration. The transportation of crude oil and natural gas involves complex logistical processes and requires specialized infrastructure to ensure safe and efficient transfer. Crude oil, in particular, presents unique challenges due to its viscosity and volatility.
Addressing these challenges will be crucial for market participants seeking to capitalize on opportunities in this dynamic industry. Effective solutions may include the adoption of advanced technologies, such as pipeline automation and the integration of renewable energy sources into transportation systems. Companies that can navigate these challenges and adapt to evolving market conditions will be well-positioned for success in the market.

What will be the Size of the Oil And Gas Transportation Market during the forecast period?

Request Free Sample

The market continues to evolve, driven by various dynamics and applications across multiple sectors. Tanker capacity expansion and optimization play a crucial role in accommodating changing supply demands. Electric vehicles and renewable energy are reshaping the energy landscape, necessitating adjustments in transportation methods. Environmental compliance and data analytics are increasingly important for reducing emissions and improving operational efficiency. Energy trading and risk management are essential tools for navigating market volatility. Logistics management, including railcar capacity and transportation costs, is a critical factor in ensuring timely delivery. Hydrogen energy and natural gas transportation are gaining traction as Alternative Fuels. Offshore transportation, pipeline construction, and pipeline networks are integral to midstream infrastructure development.
Contract management, artificial intelligence, and remote monitoring are streamlining operations and enhancing safety. Inventory management, pipeline maintenance, and tanker charter rates are key areas of focus for cost optimization. Transportation services, including truck transportation, pipeline safety, and truck Fleet Management, are vital components of the supply chain. Maritime transportation, railcar manufacturing, terminal operations, and transportation costs are continually evolving. Pipeline expansion and pipeline capacity are essential for meeting growing energy demands. The ongoing integration of alternative fuels, logistics services, and green transportation is transforming the market. LPG transportation, carbon capture, and infrastructure development are shaping the future of the oil and gas transportation industry.
Tanker vessels, pipeline integrity, safety regulations, and tanker shipbuilding are all areas of continuous innovation.

How is this Oil And Gas Transportation Industry segmented?

The oil and gas transportation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Transportation

  Pipelines
  Railroads
  Tankers and trucks


Type

  Crude Oil
  Natural Gas
  Refined Products


Geography

  North America

    US
    Canada


  Europe

    Norway
    Russia
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Transportation Insights

The pipelines segment is estimated to witness significant growth during the forecast period.

Request Free Sample

The Pipelines segment was valued at USD 90.00 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 42% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Request Free Sample

The market is witnessing significant developments in various regions, with the Asia-Pacific area experiencing the fastest growth. This region's substantial energy demand and continuous infrastructure development are driving this expansion. China, India, and Japan, as major consumers of oil and gas, necessitate extensive transportation networks to ensure a reliable supply. To address transportation bottlenecks, substantial investments in new pipeline infrastructure are being made. F

Snapshot img

Gas Turbine Market Size 2025-2029

The gas turbine market size is forecast to increase by USD 3.34 billion at a CAGR of 2.2% between 2024 and 2029. The market is driven by the enhanced efficiency and robustness of gas turbines, making them a preferred choice for power generation and industrial applications.

Major Market Trends & Insights

APAC dominated the market and accounted for a 48% share in 2023.
The market is expected to grow significantly in North America region as well over the forecast period.
Based on the Product, the heavy-duty gas turbine segment led the market and was valued at USD 20.30 billion of the global revenue in 2023.
Based on the Technology, the CCGT segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

2024 Market Size: USD 29.66 Billion
Future Opportunities: USD 3.34 Billion
CAGR (2024-2029): 2.2%
APAC: Largest market in 2023

The market continues to evolve, driven by the ongoing shift towards natural gas and liquefied natural gas (LNG) as primary fuels. This transition is influenced by various factors, including peak shaving and fuel flexibility requirements, power output demands, and emissions reduction targets. Gas turbines are increasingly being utilized in electricity production, with a focus on grid stability and efficiency. Advanced materials, such as ceramic matrix composites, are being integrated into turbine engines to enhance thermal efficiency and specific fuel consumption. Remote monitoring, predictive maintenance, and data analytics are revolutionizing gas turbine operations, reducing downtime and optimizing performance. The Internet of Things (IoT) and Artificial Intelligence (Ai) are playing a significant role in improving load balancing and grid stability.

What will be the Size of the Gas Turbine Market during the forecast period?

Request Free Sample

Cooling systems are also being upgraded to enhance efficiency and reduce emissions. Gas turbines are finding applications in diverse sectors, including oil and gas production, propulsion systems, and power generation. Operating costs are a critical consideration, with life cycle costs and emissions trading schemes influencing market dynamics. The market is witnessing continuous innovation, with ongoing research into advanced materials, emissions reduction technologies, and fuel flexibility solutions. The gas turbine engine remains at the heart of this dynamic industry, driving progress and shaping the future of energy production. The aeroderivative gas turbine segment of the product is the second largest segment and was valued at USD 8.76 billion in 2023.

Key factors include a shift toward cleaner energy sources as industries and governments prioritize sustainability, alongside innovations like combined-cycle technology that boost output while cutting emissions. Aeroderivative gas turbines, in particular, are witnessing increased adoption due to their ability to use alternative types of fuel, expanding their application scope beyond traditional natural gas. However, the market faces inherent challenges in handling natural gas, which can impact the reliability and performance of gas turbines. Natural gas's variable composition and impurities can lead to issues such as corrosion, fouling, and thermal shock, necessitating frequent maintenance and increasing operational costs.

Companies in the market must address these challenges through technological advancements and innovative solutions to ensure the reliable and efficient operation of gas turbines using natural gas. By focusing on improving fuel flexibility, reducing emissions, and enhancing durability, market players can capitalize on the growth opportunities presented by the expanding use of gas turbines in diverse industries.

How is this Gas Turbine Industry segmented?

The gas turbine industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Heavy-duty gas turbine
  Aeroderivative gas turbine


Technology

  CCGT
  OCGT


End-user

  Energy and utilities
  Oil and gas
  Aerospace and defense
  Manufacturing
  Marine


Capacity

  Above 300 MW
  40-120 MW
  120-300 MW
  1-40 MW


Application

  Power Generation
  Oil & Gas
  Aviation
  Industrial


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The heavy-duty gas turbine segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 20.30 billion in 2023. It continued to the largest segment at a CAGR of 1.99%.

The ma

Brent rose to 66.84 USD/Bbl on August 14, 2025, up 1.85% from the previous day. Over the past month, Brent's price has fallen 2.72%, and is down 17.52% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on August of 2025.

hydrogen_production_consumption_inputs: includes hydrogen assumptions for three scenarios (Electrification, Hydrogen, E-fuels) and three corner years (2030,2040,2050) on hydrogen production and consumption per country (EU27+NO+CH)

Gas_and_hydrogen_infrastructure_figures: inlcudes figures and tables from the article "Kotek - Selei - Tóth (2023): Designing a future-proof gas and hydrogen infrastructure for Europe – a modelling-based approach."

Figure 1: Gas (including biomethane and biogases and e-methane) and hydrogen demand (EU-27) Figure 2: Hydrogen consumption and production in the modelled countries for the Hydrogen 80 scenario in 2050, TWh/year Figure 3: Decision tree for hydrogen investment need estimation Figure 4: Annualised CAPEX, OPEX, and variable system costs Figure 5: Hydrogen transmission infrastructure by 2050, Elec_80 scenario Figure 6: Hydrogen transmission infrastructure by 2050, E-Fuel_80 scenario Figure 7: Hydrogen transmission infrastructure by 2050, H2_80 scenario Figure 8: Utilisation of gas transport network (flow/capacity %) (Source: REKK modelling. Red bars indicate capacity Table 1: Summary of studies on hydrogen infrastructure Table 2: Total investment need of the hydrogen network, bn EUR/yr (EU-27) Table 3: OPEX need for the hydrogen network, Bn EUR/yr (EU-27) Table 4: Variable system costs of the gas network (EU-27) Table 5: Variable system costs of the hydrogen network (EU-27) Table 6: CAPEX modelled for 2020 until 2050 (EU-27+CH+NO+UK), Bn EUR Table 7: Length and composition of hydrogen transmission pipelines (EU-27) Table 8: Total modelled hydrogen blending (TWh/year), (EU-27+CH+NO+UK) Table 9: Internal trade of gas and hydrogen in the European infrastructure by 2050, TWh/year, (EU-27+CH+NO+UK) Table 10: Utilization indicators for gas transmission pipelines (EU-27+UK+NO+CH) Table 11: Hydrogen transport costs assumed, EUR/MWh Table 12: Gas transport costs assumed, EUR/MWh

LME Index fell to 4,199.90 Index Points on August 14, 2025, down 0.09% from the previous day. Over the past month, LME Index's price has risen 1.36%, and is up 6.00% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on August of 2025.

In UK Gas Chromatography Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

Propane fell to 0.67 USD/Gal on August 15, 2025, down 1.69% from the previous day. Over the past month, Propane's price has fallen 6.94%, and is down 11.99% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane - values, historical data, forecasts and news - updated on August of 2025.

Snapshot img

Industrial Gas Regulator Market Size 2024-2028

The industrial gas regulator market size is forecast to increase by USD 2.25 billion at a CAGR of 3.27% between 2023 and 2028.

The market is experiencing significant growth due to the increasing adoption of natural gas in major markets such as North America, Europe, China, and Japan. This shift towards natural gas is driven by its environmental benefits and cost-effectiveness compared to traditional fuel sources. However, regulatory hurdles impact adoption in certain regions, necessitating compliance with stringent safety and emission norms. Additionally, supply chain inconsistencies temper growth potential due to the dependence on raw materials and logistics networks. Despite these challenges, the market presents substantial opportunities for companies offering advanced industrial gas regulators. These include valves with inbuilt pressure regulators, which provide enhanced safety features and improved efficiency.
The low penetration of natural gas in developing countries represents a significant untapped market, offering potential for expansion and innovation. Companies seeking to capitalize on these opportunities must navigate regulatory complexities and ensure a robust supply chain to remain competitive in the evolving industrial gas regulator landscape.

What will be the Size of the Industrial Gas Regulator Market during the forecast period?

Request Free Sample

The market encompasses various types of regulators, each designed to ensure precise control and consistent delivery of industrial gases. Gas regulator research continues to uncover innovations in design and technology, enhancing performance and safety. Gas regulator trends reflect the growing importance of reliability and ease of maintenance, driving development in this sector. Gas regulator manufacturers prioritize safety standards, integrating advanced features to prevent leaks and pressure surges. Gas regulator suppliers and distributors cater to diverse applications, offering customized solutions for different industries. Gas regulator calibration and troubleshooting are crucial aspects of maintenance, ensuring optimal performance and longevity. As the future of industrial gas control unfolds, gas regulator advancements are expected to address emerging challenges and deliver improved efficiency and flexibility.

How is this Industrial Gas Regulator Industry segmented?

The industrial gas regulator industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Technology

  Single-stage
  Dual-stage


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Rest of World (ROW)

By Technology Insights

The single-stage segment is estimated to witness significant growth during the forecast period.

Industrial gas regulators play a crucial role in maintaining consistent pressure and flow rate for various industrial applications, including gas transportation, storage, and distribution. Single-stage regulators are suitable for applications where the gas usage is intermittent and the pressure can be manually adjusted. These regulators, however, require frequent adjustments as discharge pressure decreases. In contrast, industrial facilities using large quantities of gases typically employ dual-stage regulators for the main pipeline. Downstream distribution pipelines may use single-stage regulators for flow rate control and pressure reduction. Digital control systems and remote monitoring enable operational efficiency and predictive maintenance, ensuring regulatory compliance and safety features.

Gas blending, calibration services, and gas filtration are essential for maintaining gas purity and compatibility with different industrial processes. Sustainability initiatives, such as energy efficiency and corrosion resistance, are driving innovation in gas regulator technology. Manufacturing industries, including food and beverage, pharmaceutical, and chemical processing, rely on gas regulators for temperature control, heat treating, and gas metering. Pressure relief valves, hydraulic valves, and pneumatic valves are integral components of gas regulation systems. Actuation systems, repair services, and installation services ensure optimal performance and longevity. Compliance with safety certifications and regulatory standards is essential for safe and efficient gas supply chains.

Research and development in sensor technology, pressure gauges, and gas chromatography contribute to advancements in gas analysis and process automation. Gas supply chains, pipeline applications, and welding and cutting processes also benefit from the use of industrial gas regulators.

Request Free Sample

The Single-stage segmen

Snapshot img

Smart Gas Meters Market Size 2024-2028

The smart gas meters market size is forecast to increase by USD 3.38 billion at a CAGR of 10.87% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for wireless, automated, and efficient gas management solutions. This trend is driven by rising energy costs, a growing focus on energy conservation, and the need for real-time gas consumption data for effective utility billing and leak detection. However, the high initial capital requirement for deploying these advanced metering infrastructure systems may pose a challenge for market expansion. Despite this, opportunities abound for companies that can offer cost-effective solutions and provide value-added services such as predictive maintenance, energy analytics, and customer engagement tools. As the market continues to evolve, players must stay abreast of technological advancements, regulatory requirements, and changing consumer preferences to remain competitive and capitalize on emerging opportunities.

What will be the Size of the Smart Gas Meters Market during the forecast period?

Request Free SampleThe market in the US is experiencing significant growth due to the economy's strength and the increasing prioritization of energy efficiency initiatives. The market's size is substantial, with millions of conventional meters being gradually replaced by advanced smart gas meters. The adoption of these meters is driven by factors such as automation of the electrical grid, emerging standards, and the ongoing pipeline monitoring. The integration of NB-IoT technology and communication capabilities enables real-time data collection and analysis, providing accuracy and dependability for both residential buildings and businesses. The market's direction is influenced by various trends, including the elimination of manual meter readings, operational security, and the need for safety in natural gas infrastructure. Energy consumption costs, climate targets, drilling activities, and the role of electrical utilities are also essential contextual factors shaping the market's dynamics. The SGM6200 series from leading manufacturers represents a significant investment in the future of smart gas metering technology. The market's growth is further fueled by the increasing focus on drill-down data, BCM, and the importance of natural gas in the energy mix.

How is this Smart Gas Meters Industry segmented?

The smart gas meters industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TechnologyAMRAMIComponentHardwareSoftwareGeographyEuropeGermanyUKNorth AmericaUSAPACChinaJapanSouth AmericaMiddle East and Africa

By Technology Insights

The amr segment is estimated to witness significant growth during the forecast period.Smart gas meters represent the next generation of automated meter reading (AMR) systems, offering enhanced capabilities and benefits for both residential buildings and businesses. These advanced meters establish two-way communication networks with gas utility providers, enabling real-time data exchange on gas consumption, operational security, and ongoing pipeline monitoring. The adoption of smart gas meters is gaining momentum due to population density, the slow economic recovery, and the increasing focus on energy efficiency initiatives. Companies like Sensirion and Picarro lead the market with technologically advanced solutions, offering functional benefits such as prioritized alarms, methane emission detection, and ultra-low current consumption. Gas companies are increasingly investing in smart meters to streamline their operations, reduce gas utility providers' costs, and improve safety. These meters provide accurate and dependable data for energy consumption costs, fuel management, and automated grid optimization. The implementation of smart meters involves the installation process of the U6 gas meter, manufacturing plants, and meter data collection systems. Developments in NB-IoT communication, SMS PLC, and start-ups are contributing to the growth of this market. The market dynamics are influenced by the economy's strength, drilling activities, and emerging standards. Smart grids and high connectivity are essential aspects of smart gas meters, offering real-time data and drill-down data for energy management and climate target achievements. The cost-benefit analysis of smart meters outweighs the initial investment, making them a valuable addition to the utility sector.

Get a glance at the market report of share of various segments Request Free Sample

The AMR segment was valued at USD 2.54 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 42% to

The decarburization of energy systems poses significant challenges to energy networks due to the introduction of new energy vectors and changes in the pattern of energy demand. However, this is currently an under-researched area. This paper addresses a gap in the literature by drawing on the socio-technological transitions and multi-system interactions literature to explore the views of experts from industry, academia and other sectors about the challenges facing UK energy networks and the possible solutions, including taking a more wholistic approach to the planning and operation of different networks. Using these frameworks, we have demonstrated that systems can be deliberately integrated to interact and solve particular system challenges, and have identified the nature of these interactions. The empirical results identify areas of consensus and disagreement about the future development of network infrastructure and regulation. They also highlight how government policy responds to the challenges and opportunities presented by the UK climate targets. The findings show widespread agreement that the UK energy system will become more electrified and decentralized as it incorporates more renewable energy. However, the role of gaseous fuels in the energy system is more uncertain, with some experts seeing a move from natural gas to hydrogen as being key to maintaining the security of supply, while others see little or no role for hydrogen. There is also widespread agreement that the regulatory structure should change to address the challenges facing energy networks with much less agreement on whether this could happen quickly enough. Recent developments indicate the UK Government recognizes the need for regulatory change, but it is premature to foresee their success in helping networks be a driver of, rather than a barrier to, a net-zero energy system.