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Heat Meters Market Shows Signs of Growth in commercial and residential sector | Top Key Players are Sensus, Secure Meters Limited, Mueller Water Products, ista International GmbH, Siemens, Techem Energy Services GmbH, Itron, inc., Danfoss
Heat Meters Market
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On the grounds of garnering heat and electricity savings, most of the countries have been installing heat meters in industrial, commercial, and residential buildings. The large-scale deployment of energy consumption measuring equipment has generated lucrative opportunities for the giants in heat meters market. In addition, many financial organizations also have been supporting regulators to install heat meters by providing favorable funding. For instance, in 2017, the Europe Bank for Reconstruction and Development (EBRD) has sanctioned USD 27 million loan to deploy heat meters across the residential sector. Over the last few years, EBRD has been supporting many nations which are looking forward to harnessing sustainability and energy efficiency.
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
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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The transforming technology trends across the globe have also had a significant influence on heat meters market share over the last few years. The development of smart meters is one of the next-generation product inventions that helps customers track daily energy use very easily. Considering the benefits of modern technologies to improve the energy efficiency, leading giants in the heat meters market have been adopting various new technology advancements such as IoT (Internet of Things) and AI (artificial intelligence). For instance, a team from the Danish smart metering company, Kamstrup, and Finnish electricity firm, Herrfors Nät-Verkko have recently planned to use NB-IoT technology in smart metering. With the help of this technology, the Finnish company can monitor more than 6,000 heat and electricity meters that will result in 10% cost savings.
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.
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.
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:
www.gminsights.com/industry-analysis/heat-meters-market
The development of innovative and cost-effective solutions will favorably promote the heat meters industry trends over the years ahead. The supportive stand taken by the regional governments and energy-related organizations to encourage the installation of heat meters will further enhance the industry growth. In line with the increasing deployment of heating and cooling systems mainly across cold climatic regions, heat meters market will generate a revenue of more than USD 1 billion by the end of 2024.
The 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.
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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