Heat Meter Market Forecasts Report Top Key Players are Sensus, Secure Meters Limited, Mueller Water Products, ista International GmbH, Siemens, Techem Energy Services GmbH, Itron, inc., Danfoss, Diehl Group, Kamstrup, Landis+Gyr

Global Heat Meter 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.

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Heat meter 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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Sensus
2. Secure Meters Limited
3. Mueller Water Products
4. ista International GmbH
5. Siemens
6. Techem Energy Services GmbH
7. Itron, inc.
8. Danfoss
9. Diehl Group
10. Kamstrup
11. Landis+Gyr

Heat Meter Market growth will be driven by increasing deployment of heating and cooling systems across various commercial, industrial, and household buildings have been fueling heat meters market. The surging concerns among the policymakers and regional governments about energy efficiency has also been having a positive influence on the product demand pertaining to its capability to measure energy consumption within cooling and heating systems. In the cold climatic regions, governments are encouraging people to deploy district heating systems to maintain warmth in the winters. The growing importance of sustainability and energy efficiency across the globe will thus propel heat meters industry share.

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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.

Germany heat meter 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.

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.

Favorable government norms pertaining to the adoption of sustainable energy devices along with rising concerns toward carbon emissions will drive the Germany market size. In addition, accelerating investments toward the development of service sector will further boost the industry growth. According to EU regulation EED 2012, The member states are mandated to issue policies pertaining to the installation of energy measuring equipment for individual apartment billing.

China heat meters market will grow on account of rising adoption of cost effective measuring devices and favorable government policies to achieve energy efficiency. Increasing investments toward the development of manufacturing facilities will further propel the industry growth. Improved reliability & operations, rapid urbanization and theft protection are some of the prominent factors that support the industry expansion. For Instance, China’s 11TH FYP promotes heat metering across the medium and large size cities.

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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.

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.

Static heat meter 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.

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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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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