Heat Meter Market Regional Insights and Analysis

Posted 2023-10-17 08:33:10

Market Overview

Heat meters are devices that measure the amount of thermal energy consumed in a building or industrial process. They are typically installed on the supply line of a central heating system, such as a boiler or district heating network. Heat meters measure the flow rate and temperature of the heat transfer fluid, and calculate the amount of heat energy transferred.

Heat meters are used for a variety of purposes, including:

· Energy efficiency: Heat meters can help businesses and homeowners to track their energy consumption and identify areas where they can save energy. This can lead to significant reductions in energy costs and greenhouse gas emissions.

· Billing: Heat meters are used to bill consumers for their heat consumption in district heating systems and other multi-tenant buildings.

· Process control: Heat meters are used in industrial processes to monitor and control heat energy consumption. This can help to improve product quality and reduce production costs.

The global heat meter market is expected to grow at a CAGR of 7.25% from 2023 to 2032.

The European Union member nations are assigned to have a nationwide order grounded on the EED 2012, which implies the setting up of measurement equipment for separate apartment billing. In Russia, all the big buildings on the district heating array must have a hub meter connected. The Canadian market has increased demand for sub-metering thermal energy.

The global pandemic covid 19 had a major impact on the heat meter market. The output of many manufacturers tends to decrease due to the shutdown of industries. Heat meters have two applications like heating for boiler output and a chiller unit for the cooling output. The construction sector broke due to the pandemic, which resulted in a negative impact on the sale of the heat meter market.

Lockdown guidelines resulted in the hesitant rollout of new products, specifically in the smart heat meter. The key players of this market are Weihai Ploumeter Co. Ltd., Landis, Quadlogic Meters Canada Inc, Zenner International GmbH & Co. KG, Kamstrup, Micronics Ltd, MWA Technology Ltd, Qundis, Apator S.A., Sontex SA.

Market segments

The global heat meter market is segmented by the following components type, connectivity, technology, application, by geography.

By Type

Turbine Meters
Ultrasonic Meters
Vortex Meters
Others

By Connectivity

Wired
Wireless

By Technology

Mechanical
Static

By Application

Residential
Commercial and Public
Industrial

By Geography

North America

The U.S.
Canada
Europe
Germany
France
the United Kingdom
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Rest of Latin America

Middle East & Africa (MEA)

GCC
North Africa
South Africa
Rest of the Middle East & Africa

Regional analysis

By 2024 the U.S. Heat metering systems market size will exceed installation by 510 thousand units. Ongoing regulatory assigned the development of policies for energy metering the rising focus toward energy efficiency and saving the cost will accelerate the business growth. For a while, the U.S. Department of Energy has confirmed policies and guidelines for utilities of metering the energy consumption in all the federal buildings.

China's heat meters market will rise on account of the rising acquisition of cost-effective measuring devices and suitable government policies to get energy efficiency. The increasing investments toward the development of manufacturing facilities will further drive the industry's growth. Rapid urbanization, improved reliability & operations, and theft protection are some factors that support the industry expansion procedure.

Industry news

· Danish island is testing smart grid as the first step toward fossil-free zone. It is building the power grid of the future.

· Europe is about to hit $848 million by 2027 on the Heat measurement technology.