Heat Meter Market size is expected to reach over USD 1,965.2 Million by 2030 from USD 923.6 billion in 2020, expanding growth at a CAGR of 9.2% from 2021 to 2030.
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Increasing construction activity in developing regions, changes in the climate conditions, rapidly growing awareness in customers, increasing number of heat meter installations by individuals in order to monitor energy spending, and growth in the luxury housing market are among major factors boosting growth of the global industry. Additionally, technological advancements and integration of latest technologies is fueling growth of the heat meter market worldwide. Moreover, rapidly increasing awareness regarding energy conservation is having positive impact on the growth of global industry. Further, increased focus on the improvement of energy infrastructure in developing regions and growing investment by major market players on research and development are other factors to boost growth of the global market during the forecast time frame.
With the growing cost of energy and stress on energy saving, reliable and accurate metering of all services has become essential for measuring and supervising energy expenses. Though, in the year 2011, the Chinese government’s emphasis on substituting coal as a source of housing heating flattened the shipments. This decelerated the pace of new construction in China and hindered the total heat meter industry. Likewise, economic & political slowdown in Russia & Turkey also weakened the heat meter industry.
Currently the market progress has mostly caught up in China, where the shipments have augmented rising year over year. In 2013, the Chinese administration laid out the key alignments for urban development in China, encompassing a proposal to rebalance urban progress by restraining urban sprawl and augmenting compaction of cities. The construction sector offers greater room for better efficiency, both for new creation and also through the revamp of existing structures.
- Based on type, ultrasonic meters reported largest revenue in 2020. This is accredited to high durability and accuracy of the ultrasonic meters. Further, advantages such as lower energy consumption are expected to boost the growth of the segment in the near future.
- On the basis of technology, static accounted for the weighty share in the target industry. This is due to increasing demand for combined cooling and heating applications.
- Based on application segment, residential accounted for the largest revenue with significant portion in estimate period of time. Factors such as rapidly increasing demand for home automation systems are driving growth of the segment.
- Landis + Gyr and Kamstrup are major companies operating in the global heat meter market.
- Weihai Ploumeter Co. Ltd.
- Landis + Gyr
- Quadlogic Meters Canada Inc
- Zenner International GmbH & Co. KG
- Micronics Ltd
- MWA Technology Ltd
- Apator S.A.
- Sontex SA
- Siemens AG
- WECAN Precision Instruments Co. Ltd.
- Huizhong Instrumentation Co. Ltd.
- Secure Meters Ltd
- Weihai Ploumeter Co. Ltd.
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Overview of the Study
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume). This report also studies global market prominence, competitive landscape, market share, growth rate, market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Key Points of the Global Heat Meter Market Report:
The report provides a basic overview of the Heat Meter industry including its definition, applications, and manufacturing technology.
The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to ‘2030 year’, along with the market shares for each company.
Through the statistical analysis, the study depicts the global market for Heat Meter including capacity, production, production value, cost/profit, and supply/demand from an international perspective.
Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.
The report then estimates the market development and trends of the Heat Meter industry up to 2030.
The report hints at crucial information associated with new market developments being undertaken in the Heat Meter industry before evaluating its feasibility.
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- Commercial and Public
Reasons to Purchase this Report:
Estimates Heat Meter development trends with SWOT analysis
Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
Market dynamics scenario, along with growth opportunities for players in the years to come
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
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