United Arab Emirates (UAE) Gas Meters Market Research Report: Forecast (2024-2030)
UAE Gas Meters Market Report - By Type (Traditional Gas Meters), Smart Gas Meters)), By End User (Residential), Commercial), Industrial)), Others... Read more
- Energy
- May 2024
- 134
- PDF, Excel, PPT
Market Definition
Gas meters are referred to as the devices or systems used in residential, commercial, and industrial settings for measuring the volume of natural gas or other gases consumed. These meters are also used for monitoring consumption trends and ensuring the efficient management of gas resources.
Market Insights & Analysis: The UAE Gas Meters Market (2024-30):
The UAE Gas Meters Market size is estimated to grow at a CAGR of around 6.32% during the forecast period, i.e., 2024-30. The rising construction of residential & commercial projects, increasing investments to establish industrial units, and surging implementation of regulations & safety standards are the factors responsible for the growth in the demand for gas meters in the UAE.
In recent years, the population in the UAE has increased significantly due to the rising arrivals of expatriates in the country. According to the government of the UAE, as of December 2023, the population of the UAE was approximately 10.17 million, an increase of about 0.89% compared to 2022. In addition, according to the Ministry of Health & Prevention, of the total population, around 88.5% of individuals are expatriates. The increasing population is resulting in a surging requirement for accommodation facilities. As a result, there is a surge in the construction of new residential units in the country. For instance,
- In 2024, Q Properties awarded a construction contract worth around USD 17 million to build Reem Hills Projects, which comprises luxurious residential apartments.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2019-22 |
Base Year: 2023 | |
Forecast Period: 2024-30 | |
CAGR (2024-2030) | 6.32% |
Region Covered | Dubai, Abu Dhabi & Al Ain, Sharjah & Northern Emirates |
Key Companies Profiled | Elster Group (Honeywell), Itron Inc., Sitex Polska sp. z o.o., Diehl Metering FZE, Prism Gas Detection Private Limited, RMGS Rombach Metering Gas Solutions GmbH, AK Infos LLC, Flowline Instruments LLC, Badger Meter Inc., Daesung Measuring, and others |
Unit Denominations | USD Million/Billion |
These residential units are equipped with different amenities to cater to consumers’ demand for utility services, including gas supply. These gas meters monitor and measure gas consumption accurately within residential properties. Therefore, the rising construction of new residential units is amplifying the installation of gas meters to track gas usage, driving the UAE Gas Meters Market.
Moreover, the government of the UAE is focusing on promoting sustainable development. As a result, the government of the UAE is encouraging the adoption of gas meters within residential, commercial, and industrial units to conserve gas & energy. The gas meter provides real-time data on gas consumption trends, peak usage periods, and demand patterns, allowing utility providers to better plan and manage gas supply. Consequently, the installation of gas meters supports effective resource management. Therefore, to promote energy conservation and efficient use of resources, the government of the UAE is encouraging the installation of gas meters, driving the UAE Gas Meters Market.
Furthermore, the government of the UAE is also implementing regulations to maintain safety standards in gas supply systems. As a result, different end-users would continue to install gas meters to detect abnormal consumption patterns, potential leaks, or safety hazards in gas pipelines or equipment. Therefore, increasing compliance with government standards would augment the size & volume of the UAE Gas Meters Market during the forecast period.
The UAE Gas Meters Market Driver:
Rising Construction of Hotels & Resorts Driving Market Growth – In recent years, tourism in the UAE registered growth owing to the dominance of tourist leisure attractions & rising live events. This surge in tourism is facilitating the demand for accommodation facilities. As a result, several hotel groups, like Marriott, ITC Hotel Group, etc., are expanding & constructing new hotels & resorts in the UAE. For instance,
- In 2024, Almal Real Estate Development unveiled its plans to launch luxury hotels in the UAE, which would comprise around 422 rooms to cater to the growing demand for accommodation.
These accommodation facilities depend on gas for various operations, including cooking, which requires systems to measure gas consumption. Therefore, they are increasingly installing gas meters for accurately measuring gas consumption, ensuring efficient usage and precise billing based on actual gas usage.
Furthermore, tourism adds significantly to the overall GDP of the country. According to the Ministry of Economy, in 2023, the travel & tourism sector in the UAE added to around 9% of the overall GDP of the nation. Therefore, the government of the UAE is increasingly launching various initiatives to boost tourism & economy. These initiatives & tourism plans would enhance the construction of several hotels in the country, boosting the demand for gas meters in the UAE during the forecast period.
The UAE Gas Meters Market Opportunity:
Rising Establishment of the Industrial Units to Amplify Market Growth – The government of the UAE is encouraging the setup of new industrial units in the country to diversify its economy. The official authorities are easing corporate law & taxes. As a result, several foreign companies are planning to enter the UAE by establishing manufacturing units. For instance,
- In 2024, Khalifa Economic Zones Abu Dhabi (KEZAD Group) made an announcement to build a new automotive aluminum component manufacturing plant in the UAE.
These industrial units use gas-fired turbines & boilers that require a consistent gas flow. Therefore, there would be a requirement for the gas meters to measure & record gas consumption for billing purposes. Hence, the rising establishment of industries in the UAE would pose an opportunity for key market players to offer their gas meters. Thus, ultimately, it is augmenting the growth & expansion of the UAE Gas Meters Market.
The UAE Gas Meters Market Challenge:
High Cost & Compatibility Issues Hindering Market Growth – Installing gas meters involves physical infrastructure considerations, such as meter placement & piping configurations. These components add to the additional costs. As a result, end-users restrain themselves from opting for these meters. According to the ITRON company website, the cost of diaphragm gas meters is around USD 2,762. In addition, the amalgamation of gas meters into buildings, like industrial facilities, commercial buildings, residential units, etc., requires careful planning, coordination with construction teams, and adherence to regulatory guidelines. This installation is a complex & time-consuming procedure. As a result, consumers restrict themselves from buying gas meters, slowing down market growth.
Further, the gas meters accumulate dust and undergo wear & tear over time. Therefore, regular maintenance to ensure their proper functioning and accuracy is required, ramping up the operational costs for the end users. Hence, to avoid the additional expenses, end-users refrain from opting for these gas meters, hampering market growth & development.
The UAE Gas Meters Market Trend:
Growing Inclination Towards Smart Gas Meters to Augment Market Growth– There have been rising concerns about climate change, carbon emissions, and environmental degradation. According to the World Bank, in 2022, the total carbon emissions reached around 25.8 million tons, an increase of about 0.5 million tons of carbon dioxide compared to 2021. These rising environmental concerns are shifting towards energy-efficient technologies and practices. Energy utility companies are adopting smart gas meters since they enable real-time gas consumption monitoring, allowing users to track their usage patterns, identify energy-saving opportunities, and optimize their energy consumption.
In addition, the smart gas meters also allow detailed data on gas usage, peak demand periods, and consumption trends. These insights provided by smart & digital gas meters are helping organizations understand energy consumption patterns and plan infrastructure investments. Therefore, end-users are installing smart meters to optimize distribution networks & develop targeted energy conservation strategies, amplifying the size & volume of the UAE Gas Meters Market.
The UAE Gas Meters Market (2024-30): Segmentation Analysis
The UAE Gas Meters Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024-2030 at the national level. According to the analysis, the market has been further classified as:
Based on Type:
- Traditional Gas Meters
- Smart Gas Meters
Of them all, smart gas meters hold a prominent share of the UAE Gas Meters Market. Smart gas meters offer accurate and precise measurements of gas consumption that eliminate the requirement for estimated manual meter readings. This results in more accurate billing, reduced billing disputes, and improved revenue collection for utility providers. Moreover, smart gas meters enhance transparency in energy costs for consumers. As a result, end-users are installing gas meters within their units, boosting market growth.
Furthermore, smart gas meters enable energy & utility companies to detect anomalies, identify leaks, and respond promptly to service disruptions or emergencies. This remote monitoring capability enhances operational efficiency, reduces maintenance costs, and improves customer service responsiveness, making it a highly preferable choice among end users and uplifting the share of smart gas meters in the UAE Gas Meters Market.
Moreover, the government of the UAE is laying out regulatory frameworks & initiatives that support the deployment of smart meters and encourage energy efficiency measures. The increasing implementation of policies, standards, and incentives will continue to promote the adoption of smart & digital technologies, including smart meters, driving the demand for smart gas meters during the forecast period.
Based on End User:
- Residential
- Commercial
- Industrial
The residential segment held the dominant share in the UAE Gas Meters Market. The UAE is emerging as a global business hub, with companies expanding their operations within the UAE. This expansion of business & economy is leading to a surge in the influx of visitors, professionals, and investors seeking temporary or permanent residence. As a result, there is a rise in the development of residential properties, including apartments, villas, townhouses, and serviced residences, catering to diverse housing preferences and lifestyle needs.
In addition, the government of the UAE is also implementing strategic plans, regulatory reforms, and infrastructure development projects to support the real estate sector, enhance living standards, and promote sustainable urban development. Rising initiatives such as affordable housing schemes, flexible visa regulations, foreign ownership rights, and infrastructure investments are creating a conducive environment for residential construction. As a result, several real estate developers are building residential units in the country. These residential units incorporate gas meters as part of their infrastructure. Therefore, the rising construction of residential units would continue to amplify the demand for gas meters, supporting market growth & expansion.
The UAE Gas Meters Industry Recent Development:
- 2023: Itron Inc. unveiled a new Itron Fiber Mini Access Point (Fiber MiniAP™) that would help in managing the infrastructure for next-generation smart metering systems.
Gain a Competitive Edge with Our The UAE Gas Meters Market Report
- The UAE Gas Meters Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- The UAE Gas Meters Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.
Frequently Asked Questions
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- The UAE Gas Meters Market Trends & Insights
- The UAE Gas Meters Market Dynamics
- Drivers
- Challenges
- The UAE Gas Meters Market Supply Chain Analysis
- The UAE Gas Meters Market Regulations & Policies
- The UAE Gas Meters Market Hotspot & Opportunities
- The UAE Gas Meters Market Analysis, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Units Sold (Thousand)
- Market Share & Analysis
- By Type
- Traditional Gas Meters- Market Size & Forecast 2019-2030, (Thousand)
- Smart Gas Meters- Market Size & Forecast 2019-2030, (Thousand)
- By End User
- Residential- Market Size & Forecast 2019-2030, (Thousand)
- Commercial- Market Size & Forecast 2019-2030, (Thousand)
- Industrial- Market Size & Forecast 2019-2030, (Thousand)
- By Region
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
- By Competition
- Market Share of Top Companies
- Competition Characteristics
- By Type
- Market Size & Analysis
- The UAE Traditional Gas Meters Market Analysis, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Units Sold (Thousand)
- Market Share & Analysis
- By End User- Market Size & Forecast 2019-2030, (Thousand)
- Market Size & Analysis
- The UAE Smart Gas Meters Market Analysis, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Units Sold (Thousand)
- Market Share & Analysis
- By Type
- Smart Ultrasonic Gas Meter- Market Size & Forecast 2019-2030, (Thousand)
- Smart Diaphragm Gas Meter- Market Size & Forecast 2019-2030, (Thousand)
- By Technology
- Automated Meter Reading (AMR) - Market Size & Forecast 2019-2030, (Thousand)
- Advanced Metering Infrastructure (AMI) - Market Size & Forecast 2019-2030, (Thousand)
- By Component
- Hardware- Market Size & Forecast 2019-2030, (Thousand)
- Software- Market Size & Forecast 2019-2030, (Thousand)
- By End User- Market Size & Forecast 2019-2030, (Thousand)
- By Type
- Market Size & Analysis
- The UAE Gas Meters Market Key Strategic Imperatives for Growth & Success
- Competition Outlook
- Company Profiles
- Elster Group (Honeywell)
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Itron Inc
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Sitex Polska sp. z o.o.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Diehl Metering FZE
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Prism Gas Detection Private Limited
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- RMGS Rombach Metering Gas Solutions GmbH
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- AK Infos LLC
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Flowline Instruments LLC
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Badger Meter Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Daesung Measuring
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- Elster Group (Honeywell)
- Company Profiles
- Disclaimer