The forecasted sold production of gas supply or production meters in the UK shows a consistent upward trend from 2024 to 2028. With a value of 2.7209 million items in 2024, the data predicts a steady annual increase, reaching 3.011 million items by 2028. Compared to 2023, where production was at 2.65 million items, the year-on-year growth for 2024 is approximately 2.68%. Similar incremental growth in subsequent years points towards an average CAGR over five years indicative of robust growth in this sector.

Future trends to watch for include:

The potential impact of advancements in smart meter technology and increased adoption rates.
Regulatory changes influencing production, such as government targets for reduced carbon emissions.
Market pressures from alternative energy sources and how they might affect gas meter demand.