Heat Meters Market Information and Industry Trends to | Key Companies are Landis+Gyr, Kamstrup, Danfoss, Itron, inc., Siemens, Mueller Water Products, Secure Meters Limited

Growing preference towards the implementation of efficient district heating systems has proliferated the heat meters market, owing to the need for improved metering solutions for optimizing energy consumption. Consumers are becoming more conscious regarding the wastage of resources and the benefits of using flux calorimeter to manage energy utilization, being able to adopt cost-effective usage patterns.

The widescale installation of district heating services have resulted from various government mandates asking to cut down on the use of fossil fuels and traditional heat systems, boosting the heat meters market. Commercial, industrial and residential communities in developed countries have readily shifted to district heating and cooling solutions to minimize the emission of green house gases, along with enjoying lower utility bills. Subsequently, the growth of the district heating segment for residential applications will directly propagate the heat meters market, which reportedly earned more than USD 760 million worldwide in 2017.

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The major companies covered in this report: -
1. Landis+Gyr
2. Kamstrup
3. Danfoss
4. Itron, inc.
5. Siemens
6. Mueller Water Products
7. Secure Meters Limited

Europe has emerged as a leading district heating market in recent times, with countries such as Germany and Denmark being two of the prominent contributors, driving the heat meters market growth. Denmark, in particular, has proven to be quite successful in renewal energy development and district heating services, mostly attributed to the introduction of the Heating Supply Act which mandates having district heating systems for upcoming buildings. In 2017, it was estimated that almost 63% residential population in Denmark used district heating, which indicates a vast customer base for the Europe heat meters market. A key factor influencing the adoption of district heating in residences is that combined heating solutions are available for generating the heat used for supply, while unused energy from renewable sources such as solar and wind farms can also be diverted to the heating systems.

In terms of numbers, Germany dominates the district heating segment in Europe and boasts of over 1,370 district heating systems, providing a lucrative revenue source for the heat meters market. The industry penetration has further expanded from the development of smart meters and the integration of smart energy monitoring networks. Smart flux calorimeters are mostly remotely monitored and can provide historical as well as real time date on energy supply and consumption, helping to understand the utility usage behavior along with observing carbon emission levels. The market has witnessed an upsurge in the demand for smart flux calorimeter in mostly developed European nations to allow for a reduction in energy costs and monitor delivery of heating services.

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Another instance where smart meters are transforming the heat meters market is the district heating service in Lystrup, Denmark where about 10,000 residential occupants utilize heating supplied by Lystrup Fjernvarme. The utility provider has 3,800 meters installed and had been seeking ways to improve energy and operational efficiency of its district heating plant. The solution it decided on was to invest in intelligent meters being developed by Kamstrup, which could be remotely read and lets customers track consumption via smartphones. The smart meters also allow for monitoring leaks in the supply pipeline and also to observe operations output, as well as assisting the company to advise residents how to reduce their consumption.

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