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Heat Meter Market Set to Reach $4.96 Billion by 2032 Understanding the 4.7% CAGR

04-12-2024 01:33 PM CET | Energy & Environment

Press release from: Polaris Market Research

Heat Meter Market

Heat Meter Market

A heat meter is a device that calculates thermal energy offered by a heat wellspring such as a boiler or heat pump or dispatched to a heat sink such as a central heating system or a hot water cylinder by calculating the current rate of the heat transfer fluid and temperature amidst the outflow and return columns of the system. It comprises a flow sensor, a pair of temperature sensors, and a calculator.
One critical driver of the heat meter market growth is the grid's intricacy, which has soared because of escalated electrical demand, contemporary directives, and the amalgamation of viable energy sources. Also, with the rise in energy intake, precise estimation and handling of heat usage have become increasingly crucial, specifically in enterprises such as domestic and commercial heating systems.

๐—š๐—ฒ๐˜ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—˜๐˜…๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—ฃ๐——๐—™ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ @

Fundamental Stats

โ€ข The market was valued at USD 3.28 billion in 2023 and is expected to grow to USD 4.96 billion by 2032.
โ€ข The heat meter market is anticipated to grow at a CAGR of 4.7% during the forecast period of 2024-2032.
โ€ข In 2022, North America conquered the market. The Middle East and Africa are also expected to witness a major growth rate.

Competitive Analysis
Some of the major players operating in the global market include:
โ€ข Apator S.A.
โ€ข Cosmic Technologies
โ€ข Danfoss
โ€ข Diehl Stiftung & Co. KG
โ€ข Grundfos
โ€ข Kamstrup
โ€ข Omni Instruments
โ€ข Premier Control Technologies Ltd.
โ€ข Siemens AG
โ€ข Spire Metering Technology
โ€ข Sycous Limited
โ€ข Trend Control Systems Ltd.
โ€ข Zenner International GmbH & Co. KG

๐‘ฉ๐’–๐’š ๐’•๐’‰๐’Š๐’” ๐‘ท๐’“๐’†๐’Ž๐’Š๐’–๐’Ž ๐‘น๐’†๐’”๐’†๐’‚๐’“๐’„๐’‰ ๐‘น๐’†๐’‘๐’๐’“๐’• @
Market Segmentation

By type, static segments witnessed a sharp rise owing to their accuracy, dependability, and least sustenance requirements, rendering them perfect for implementations urging precise heat computations such as district heating arrangements and discrete building heating arrangements. Further, by connectivity, the wired segment dominated the market due to its ease of distant observing of heat meters, sanctioning productive handling, or fine-tuning without requiring a physical approach to the meters.

Polaris Market Research has segmented the heat meter market report based on type, connectivity, end use, and region:
Heat Meter, Type Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Static
โ€ข Mechanical
Heat Meter, Connectivity Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Wired
โ€ข Wireless
Heat Meter, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Residential
โ€ข Commercial
โ€ข Industrial

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ @

Recent Developments

โ€ข In April 2022, Kamstrup & Thvilum A/S have formed a partnership, enabling Kamstrup to expand its support for Danish utilities. Through this collaboration, utilities can enhance their decision-making by leveraging factual knowledge, a vital component in seizing digital opportunities.
โ€ข In September 2023, Itron Inc. collaborated with the Jordan Electric Power (JEPCO) to boost their digital transformation efforts. JEPCO is implementing the Itron Enterprise Edition Meter Data Management system to streamline business processes and centralize data management.

Polaris Market Research

Phone: +1-929-297-9727


Polaris Market Research is a worldwide market research and consulting organization.
We give unmatched nature of offering to our customers present all around the globe across industry verticals.
Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation,
next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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