Heat Meters Market Outlook 2018-2024 By Key Players: Landis+Gyr, Kamstrup, Danfoss, Itron, inc., Siemens, Secure Meters Limited, Mueller Water Products, Sensus, ista International GmbH, Techem Energy Services GmbH, Diehl Group
Global Heat Meters Market was valued over USD 760 million in 2017 and will exceed USD 1 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Accelerating investments toward the development of sustainable heating technologies along with ongoing expansion of residential and commercial establishments will foster the heat meter market demand. Favorable regulatory policies pertaining to energy efficiency along with rising concern toward carbon emissions will further stimulate the industry growth. For instance, the government of Canada signed the Copenhagen Accord in 2009 and the Paris Agreement under its climate action plan to reduce GHG emissions by 17% by 2020 below 2005 levels.
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Germany heat meters market is set to exceed installation of 1 million units by 2024. Increasing demand for district heating technology on account of changing climatic conditions across the nation will positively influence the product demand. Favorable regulatory policies pertaining to the adoption of sustainable energy devices coupled with increasing investments toward the development of commercial sector will propel the industry growth.
Upsurge in demand for effective energy management systems along with rising need for individualized metering across multistory buildings will foster the heat meters 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.
Commercial heat meters 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. Secure Meters Limited
3. Mueller Water Products
5. ista International GmbH
6. Techem Energy Services GmbH
7. Diehl Group
11. Itron, inc.
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Heat Meter Market, By Application
o Office Buildings
o Government Buildings
o Pulp & Paper
Japan heat meters 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.
The U.S. heat meters market size is set to exceed installation of 510 thousand units by 2024. Ongoing regulatory mandates toward the development of policies for energy metering along with rising focus toward energy efficiency and cost saving will accelerate the business growth. For instance, the U.S. Department of Energy has established policies and guidelines for utilities for metering the energy consumption in their federal buildings.
Eminent players across the heat meter market include Landis+Gyr, Kamstrup, Danfoss, Diehl Group, Itron, inc., Sontex SA, Huizhong Instrumentation Co., Ltd., Techem Energy Services GmbH, Siemens, Quandis, Inc, ista International GmbH, ZENNER, Mueller Water Products, Secure Meters Limited, Apator Metrix S.A., Axioma,Micronics, Inc., and Sensus.
Browse key industry insights spread across 320 pages with 483 market data tables & 35 figures & charts from the report, Heat Meters Market in detail along with the table of contents:
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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