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Heat Meters Market 2020-2024; Growth Forecast & Industry Share Report

Author : Ronak Bora | Published Date : 2020-09-09 

Global heat meters market is set to garner significant proceeds in view of strengthening focus on energy efficiency on a global scale. Severe concerns related to global climate change has prompted regulatory bodies across the globe to lay down strict guidelines pertaining to energy efficiency, which is supporting heat meter business outlook.

Energy conscious communities are increasingly devising heat meters as a means to achieve conservation & cost control. Global heat meters market share has been expanding consistently over the past few years, in part, due to, rising demand from industrial and commercial establishments in emerging economies. Asia Pacific is set to emerge as a lucrative heat meter market growth avenue. Fast-track urbanization, brisk industrial activity, and rising government focus towards environmental protection is supporting large-scale deployment of sustainable heating systems in the region.

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Heat meters market is set to grow on account of rising need for effective power management systems coupled with requirement of individualized metering across residential apartments. Cost saving, accurate billing, multiple communication options and power consumption monitoring are key parameters responsible for product adoption. Furthermore, growing demand for accurate and reliable metering technologies along with integration of IoT devices will enhance the industry landscape.

Ongoing adoption building energy codes and standards coupled with technical advancement of combined heating & cooling systems will foster the commercial heat meters market. Ongoing expansion of service sector along with increasing government funds toward the development & construction of commercial infrastructure will stimulate the business growth. Digitalization of measuring devices for effective metering coupled with the deployment of energy management systems will positively impact the industry outlook.

Increasing installation of efficient heating systems coupled with rising concerns for secure energy supply will stimulate the Japan heat meters market demand. Introduction of innovative products and technologies on account of ongoing research and development activities by leading industry players will augment the business growth. In addition, stringent government regulations towards limiting carbon emissions along with rapidly growing economy will favor the product penetration.

The increasing deployment of heating and cooling systems across various commercial, industrial, and household buildings have been fueling heat meters market. The surging concerns among the policymakers and regional governments about energy efficiency has also been having a positive influence on the product demand pertaining to its capability to measure energy consumption within cooling and heating systems. In the cold climatic regions, governments are encouraging people to deploy district heating systems to maintain warmth in the winters. The growing importance of sustainability and energy efficiency across the globe will thus propel heat meters industry share.

On the grounds of garnering heat and electricity savings, most of the countries have been installing heat meters in industrial, commercial, and residential buildings. The large-scale deployment of energy consumption measuring equipment has generated lucrative opportunities for the giants in heat meters market. In addition, many financial organizations also have been supporting regulators to install heat meters by providing favorable funding. For instance, in 2017, the Europe Bank for Reconstruction and Development (EBRD) has sanctioned USD 27 million loan to deploy heat meters across the residential sector. Over the last few years, EBRD has been supporting many nations which are looking forward to harnessing sustainability and energy efficiency.

Low power consumption, high durability, stability and data accuracy are some of the key parameters that will accelerate the vortex heat meters market growth. In addition, easy installation and effective performance in extreme pressure and temperature conditions will encourage the product adoption. In addition, low maintenance cost on account of non-movable parts along with precise consumption measurement will enhance the industry outlook.

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Key players across the heat meters market include Landis+Gyr, Kamstrup, Danfoss, Diehl, Itron, Engelman, Wecan, Sontex, Huizhong, Techem, Siemens, Quandis, Ista, Zenner, MWA, Secure Meters, Apator, Axioma, Micronics, Sensus and Weihai Ploumeter.

Table of Contents (ToC) of the report:

Chapter 5. Heat Meters Market, By Technology

5.1. Heat meters industry share by technology, 2017 & 2024

5.2. Mechanical

5.2.1.   Market estimates and forecast, 2013-2024

5.3. Static

5.3.1.   Market estimates and forecast, 2013-2024

Chapter 6. Heat Meters Market, By Application

6.1. Heat meters industry share by application, 2017 & 2024

6.2. Residential

6.2.1.   Market estimates and forecast, 2013-2024

6.3. Commercial

6.3.1.   Market estimates and forecast, 2013-2024    College/University      Market estimates and forecast, 2013-2024    Office Buildings      Market estimates and forecast, 2013-2024    Government Buildings      Market estimates and forecast, 2013-2024    Others      Market estimates and forecast, 2013-2024

6.4. Industrial

6.4.1.   Market estimates and forecast, 2013-2024    Chemical      Market estimates and forecast, 2013-2024    Refinery      Market estimates and forecast, 2013-2024    Pulp & Paper      Market estimates and forecast, 2013-2024    Others      Market estimates and forecast, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/heat-meters-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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