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At a CAGR of 7.50% Heat Meter Market to Grow $1,218.9 million by 2023 | Kamstrup, Danfoss, Siemens, Diehl

12-01-2020 10:58 AM CET | Energy & Environment

Press release from: MarketsandMarkets

At a CAGR of 7.50% Heat Meter Market to Grow $1,218.9 million

According to the new market research report "Heat Meter Market by Type (Mechanical (Multi-Jet, Turbine), Static (Electromagnetic, Ultrasonic)), Connectivity (Wired, Wireless), End-User (Residential, Commercial & Public, Industrial) Region - Global Forecast to 2023", The global heat meter market is projected to reach USD 1,218.9 million by 2023 from an estimated USD 849.1 million in 2018, at a CAGR of 7.50%.

Browse 63 market data Tables and 40 Figures spread through 119 Pages and in-depth TOC on "Heat Meter Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/heat-meter-market-87058049.html

This growth can be attributed to the increasing mandatory legislative requirement to install heat meters for accurate measurement of heat consumption.

The residential segment is expected to hold the largest share of heat meter market, by type, during the forecast period.

The residential segment is estimated to dominate the heat meter market in 2018 and is projected to have the largest market share during the forecast period. Increase in the number of residential dwellings across the globe year on year has made a positive impact on heat meter market during the forecast period. Residential spaces connected to district heating and cooling networks necessarily require heat meters as it is by far the best practice for generating energy bills based on consumption.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=87058049

Scope of the Report:
By Type

Mechanical
Static

By Connectivity

Wired Connection
Wireless Connection

By End-User

Residential
Commercial & Public
Industrial

By Region

Americas
Asia Pacific
Europe
Middle East

The wireless connection segment is expected to be the fastest growing segment of the heat meter market, by connectivity, during the forecast period.

The wireless connection segment accounted for the highest CAGR during the forecast period. Growth of this segment can be attributed to the advancement in technologies, lower cost of installation and maintenance, higher reliability, and ease of use. Europe region is expected to witness a high growth in wireless connection segment during the forecast period because of the increased spending in connectivity technologies infrastructure.

Ask for Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=87058049

Asia Pacific: The leading market for heat meter

In this report, the heat meter market has been analyzed with respect to four regions, namely, Americas, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is estimated to dominate the global heat meter market in 2018 owing to the growth in district heating infrastructure, construction activities, rise in population, and climatic change. The demand for heat meters in Asia Pacific is growing, with about 5.5 million installations in China in 2017.

Target Audience:

Government and Research Organizations
Heat Meters Manufacturers
Maintenance and Service Providers
Technology Standard Organizations, Forums, Alliances, and Associations

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=87058049

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the heat meter market. Some of the key players Kamstrup (Denmark), Danfoss (Denmark), Siemens (Germany), Diehl (Germany). The leading players are adopting various strategies to increase their shares in the heat meter market.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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