What’s Driving the Heat Meter Market Trends? | Top Players are Siemens, Techem Energy Services GmbH, Itron, inc., Danfoss, Sensus, Secure Meters Limited, Mueller Water Products, ista International GmbH

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.

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Ongoing adoption building energy codes and standards coupled with technical advancement of combined heating & cooling systems will foster the commercial heat meter market. Ongoing expansion of service sector along with increasing government funds toward the development & construction of commercial infrastructure will stimulate the business growth. Digitalization of measuring devices for effective metering coupled with the deployment of energy management systems will positively impact the industry outlook.

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

Chapter 3. Heat Meters Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.4. Innovation & sustainability
3.5. Regulatory landscape
3.5.1. U.S
3.5.2. Canada
3.5.3. Europe
3.5.3.1. Germany
3.5.3.2. UK
3.5.3.3. Denmark
3.5.3.4. Sweden
3.5.3.5. Finland
3.5.3.6. Russia
3.5.3.7. Italy
3.5.4. China
3.6. Customer requirement
3.7. Customer group requirement
3.8. Entry barriers
3.9. Price trend analysis
3.10. Global & regional heat statistics, 2010 – 2015, TJ
3.11. Heat generation stats from RE sources across key countries, 2010-2015
3.12. Share of renewable energy in heating, 2015-2016
3.13. Installed district heating capacity across key countries, GWth
3.14. District heating pipeline network length across key countries (Km), 2016
3.15. Primary energy demand outlook 2040, by region
3.15.1. OECD
3.15.2. China
3.15.3. India
3.15.4. Other Asian countries
3.15.5. Africa
3.15.6. Rest of World
3.16. Primary energy demand outlook 2040, by fuel
3.16.1. Gas
3.16.2. Oil
3.16.3. Coal
3.16.4. Nuclear
3.16.5. Hydro
3.16.6. Renewables
3.17. Industry impact forces
3.17.1. Growth drivers
3.17.1.1. North America
3.17.1.1.1. Stringent regulations toward emissions
3.17.1.2. Europe
3.17.1.2.1. Government incentives toward adoption of district heating systems
3.17.1.2.2. Extreme climatic conditions
3.17.1.3. Asia Pacific
3.17.1.3.1. Rapid urbanization & industrialization
3.17.1.3.2. Government focus toward clean energy directive
3.17.2. Industry pitfalls & challenges
3.17.2.1. Privacy concerns
3.18. Growth potential analysis
3.19. Porter's analysis
3.20. Competitive landscape, 2017
3.20.1. Company market share, 2017
3.20.2. Strategy dashboard
3.21. Competitive benchmarking
3.22. Degree of competition
3.22.1. North America
3.22.2. Europe
3.22.3. Asia Pacific
3.22.4. Middle East
3.23. PESTEL analysis

The increasing deployment of heating and cooling systems across various commercial, industrial, and household buildings have been fueling heat meter 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.

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 meter 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.

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In another instance, the Swiss government and the International Finance Corporation (IFC) have also lent support to Ukraine to create more energy efficient homes. In this regard, Ukraine’s State Agency for Energy Efficiency has designed a program dubbed as Warm Loans to improve the heating system of homes. In most of the apartments across Ukraine, district heating systems have already been deployed, but due to more heat loss, energy bills were perpetually high. Reportedly, households in Ukraine account for more than 50% of its overall natural gas production. The remarkably growing awareness among the Ukrainian people about the rising domestic heating bills is thus estimated to fuel heat meter market.

Germany heat meter market is anticipated to witness significant growth during the forecast period. 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.

Rapid expansion of commercial and residential establishments coupled with ongoing investments toward the adoption of effective heating systems will stimulate the heat meter 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.

Browse key industry insights spread across 320 pages with 483 market data tables & 35 figures & charts from the report, Heat Meter Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/heat-meters-market

Increasing installation of efficient heating systems coupled with rising concerns for secure energy supply will stimulate the Japan heat meter 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.

Ongoing expansion of industrial and commercial buildings across emerging nations coupled with growing adoption of building automation systems will foster the static heat meter market. Technological development toward high precision recording mechanism along with up surging need for trigeneration technology will complement the industry landscape.

The transforming technology trends across the globe have also had a significant influence on heat meter 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.

The development of innovative and cost-effective solutions will favorably promote the heat meter market 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.

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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