Heat Meter Market Revenue to Exceed $4 Billion by 2030: Global Market Insights Inc.
Major players in heat meter market are BMETERS, Diehl, Kamstrup, Siemens, Sontex, ista Energy Solutions, Apator, Secure Meters, Micronics, Zenner International, Landis+Gyr and others.
SELBYVILLE, Del., August 22, 2022 /PRNewswire/ — The global heat meter market is expected to see a valuation of $4 billion by 2030, according to the most recent study by Global Market Insights Inc.. Rising concerns over climate change and adoption of sustainable heating technologies are expected to drive market trends.
In the commercial and industrial sectors, strict regulatory mandates, policies and standards have been introduced, leading to the refurbishment of traditional heating systems. Rapid technological innovation has also led to the development of advanced products to provide real-time energy monitoring. Smart meters are seen as one of the desirable technologies for utilities, with many targeting large-scale implementation. This factor, coupled with the high demand for sustainable energy systems to increase efficiency and reduce emissions, further indicates growth opportunities for the heat meter market.
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Attractive Product Benefits to Drive the Demand for Vortex Heat Meters
Based on product, the report segments the market into ultrasonic and vortex categories. The design with no moving parts of the vortex meters ensures reliable, maintenance-free operation and long life for users, even in contaminated media applications. Several vortex heat flow meters are also designed with state-of-the-art technologies to offer system-wide diagnostics and maintenance.
Growing need to replace traditional heating systems
The industrial sector heat meter market is estimated to make substantial gains during the forecast period, credited with the replacement of conventional heating systems also gaining prominence. Such situations, coupled with the introduction of strict mandates regarding the use of clean energy systems, will further increase the market size of industrial sector heat meters. The residential segment will also register a considerable turnover until 2030. This is attributed to rapid industrialization and increasing expenditure on research and development to design efficient heat management solutions.
Growing demand in heating applications to increase demand for mechanical technology
In terms of technology, the industry is categorized into static and mechanical. Among these, the mechanical segment will reap considerable profits by 2030, thanks to the increasing availability of portable, lightweight and easy-to-handle meters. Several high-end, accurate and compact meters based on mechanical flow transducers are also designed for heating applications, contributing to the popularity of this metering technology with consumers.
Growing demand for heat meters in Germany
The Germany the heat meter market is expected to cross $600 million by 2030, through the implementation of heat meter replacement policies. Cloud-based measurement units are gaining popularity in the region. With the increasing deployment of district heating technology due to extreme weather conditions, the country is likely to become a lucrative revenue pocket for the heat meter segment.
New product development will remain a key growth strategy
Companies operating in the heat meter market include Danfoss, Axioma Metering, Landis+Gyr, Zenner International, Micronics, Secure Meters, Apator, ista Energy Solutions, Sontex, Siemens, Kamstrup, Diehl, and BMETERS, among others. These participants primarily engage in new product line expansion, acquisition and collaboration strategies to gain competitive advantage and maintain their presence in the global industry.
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Table of Contents (ToC) of the report
Chapter 3 Heat Meter Market Overview
3.1 Industry Segmentation
3.2 Industry Ecosystem Analysis
3.3 Innovation and technology landscape
3.4 Regulatory landscape
3.5 Impact of COVID-19 on Industry Outlook
3.6 Price Trend Analysis
3.7 Global heat statistics, 2018-2020 (EJ)
3.8 Share of Renewable Energy in Heating, 2018-2024
3.9 Industry impact forces
3.9.1 Drivers of growth
188.8.131.52 North America
184.108.40.206.1 Strict government carbon emission standards
220.127.116.11.1 Government incentives for the adoption of district heating systems
18.104.22.168.2 Extreme climatic conditions
22.214.171.124 Asia Pacific
126.96.36.199.1 Rapid urbanization and industrialization
188.8.131.52.2 Government focus on clean energy guidelines
3.9.2 Industry Pitfalls and Challenges
184.108.40.206 Privacy issues
3.10 Analysis of growth potential
3.11 Porter’s analysis
3.12 Competitive Landscape, 2021
3.13 PESTEL analysis
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, US, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as growth advisory services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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