The sold production value of gas supply or production meters in France has seen significant fluctuations over the past years. From stable beginnings in 2016, there was a sharp rise in value starting in 2017, peaking in 2019 before a notable drop in 2020. The market quickly recovered in 2021, continuing an upward trajectory through 2022 and 2023, standing at 147.75 million Euros in 2023. The compound annual growth rate (CAGR) for the last five years was 10.6%, highlighting strong growth despite the pandemic disruption in 2020. Looking ahead, the CAGR for forecasted years until 2028 is projected at 7.68%, indicating a steady growth rate.
Trends to watch for future dynamics:
• Technological advancements in meter production • Evolving regulatory and environmental guidelines • Increased investment in infrastructure and smart grid technologies • Innovation in energy consumption monitoring and efficiency measures.
