Global Heat Meters Market 2018-2024 Forecasts Report and Key Players: Eminent players across the heat meter market include Kamstrup, Landis+Gyr, Itron, Inc., Danfoss, Siemens, Techem Energy Services GmbH, Zenner, Secure Meters Limited, Sensus

Aas reported in the latest study by Global Market Insights, Inc., Heat Meters Market is predicted to reach over USD 1 billion by 2024. Rapid expansion of commercial and residential establishments coupled with ongoing investments toward the adoption of effective heating systems will stimulate the heat meters market growth.

Favorable energy efficiency policies by respective governments along with growing industry concerns pertaining to carbon emissions will complement the business landscape. As per the climate action plan, the government of Canada in 2009, signed the Paris Agreement and Copenhagen Accord for reducing the GHG emissions by 17% of 2005 levels by 2020.

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Upsurge in demand for effective energy management systems along with rising need for individualized metering across multistory buildings will foster the heat meter market growth. Billing accuracy, cost saving, energy consumption monitoring and various communication options are some of the key features which make its adoption preferable. In addition, the growing need for reliable and accurate metering systems coupled with deployment of IoT platform will further boost the industry growth.

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.

Commercial heat meter market will grow on account of development of combined heating and cooling technologies along with growing adoption of sustainable building codes and standards. In addition, flourishing service sector coupled with upsurge in investments toward the development of residential establishments will positively impact the product penetration. Ongoing expansion of innovative energy efficiency solutions, efficient heating infrastructure and energy management systems will encourage the product demand.

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.

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Static heat meters market is set to grow on account of growing adoption of advanced and automated building technologies along with rapid expansion of commercial and industrial establishments across the emerging economies. Accelerating demand for trigeneration technologies along with high data precision recording mechanism will positively influence the product growth.

Germany heat meters market is predicted to reach over deployment of 1 million units by 2024. Rising adoption of district heating systems owing to changing weather patterns across the region will encourage the product penetration. Stringent regulatory policies pertaining to the adoption of efficient energy systems along with ongoing investments toward the expansion of service sector will amplify the business growth.

Japan heat meter market will grow on account of increasing concerns toward security of supply along with large-scale deployment of sustainable heating systems. In addition, rapid economic growth coupled with stringent regulatory norms toward emission reduction will further encourage the product adoption. Technological advancement in product design and development backed by extensive research and development activities by leading industry players will accelerate the business growth.

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

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