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Europe Heat Meters Market Size By Product (Ultrasonic, Vortex), By Technology (Mechanical, Static), By Application (Residential, Commercial, Industrial), COVID-19 Impact Analysis, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2030

  • Report ID: GMI5122
  • Published Date: Aug 2022
  • Report Format: PDF

Industry Trends

Europe Heat Meters Market size valued at USD 830 million in 2021 and is projected to expand at a CAGR of over 5% from 2022 to 2030. Rising demand for combined heating & cooling systems in line with the continuous deployment of advanced and effective heating devices will spur the market expansion. Rapid industrial development along with extensive investments across the private & public sectors for the advancement of smart & efficient heating solutions to cater to extreme climatic conditions will sway the industry dynamics.
 

Europe Heat Meters Market Overview

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The COVID-19 outbreak has put the industry on a halt with an extreme number of infected cases and strict government-imposed lockdowns coupled with limited industrial operations. However, with the reopening of various facilities together with rapid product deployment, the industry is set to recover its lost strength. In addition, favorable government incentives and policies focusing on the growth of renewable infrastructures along with the rising requirement for heating units will fuel the industry scenario.
 

Shifting focus toward renewable heating systems

Europe Heat Meters Market Size

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The ultrasonic segment is poised to witness significant growth rate between 2022 to 2030, credited to favorable government investments in the deployment of efficient heat management solutions coupled with the continuous development of advanced devices, catering to optimized energy consumption. High data accuracy, low comprehensive costs, increased reliability, convenient maintenance, dirt resistance, and lasting stability and durability are major attributes impacting product penetration. Moreover, rising construction activities toward the growth of infrastructure together with continuous acceptance of smart energy devices across various facilities will impel the business outlook.
 

Europe heat meters market from mechanical segment is predicted to observe a 3% growth rate till 2030. Growing consumer inclination toward the adoption of renewable systems coupled with shifting focus on the advancement of sustainable technologies will foster the industry growth. Flexible integration, low cost, flexible integration, and enhanced metering service along with the effective management of heat consumption patterns will positively influence the product demand. Additionally, the continuous replacement of conventional heating systems with smart energy management technologies will proliferate the business trend.
 

Growing shift toward renewable infrastructures with ongoing urbanization and commercialization

Commercial application in the Europe heat meters market is estimated to showcase a substantial gains through 2030. This growth is attributed to the rising requirements for automated systems among end-users in line with the increasing consumer focus on the usage of district heating technology. Stringent government mandates and regulations to reduce carbon emissions coupled with the rising installation of efficient heating units across building apartments and buildings will propel the market trend. In addition, considerable government funds toward the expansion of the service sector along with the continuous development of enhanced &sustainable heating infrastructure to cater to extreme climatic conditions will accelerate the business scenario.
 

Significant government funds and incentives focusing on the adoption of district heating solutions

Europe Heat Meters Market Share

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Germany heat meters industry is expected to surge on account of increasing government focus on clean energy directives in line with the escalating demand for green substitutes accompanied by advanced & smart technologies. Ongoing investments across private and public sectors for the advancement of smart & modern heating appliances in line with the continuous development of reliable & innovative devices pertaining to real-time energy monitoring will enhance the industry demand. Moreover, the continuous deployment of efficient heating units across industrial & commercial establishments owing to large-scale renewable integration will positively impact the business demand.
 

Austria market is anticipated to register robust growth during the forecast timeline due to the rising carbon emission concerns along with shifting focus on the adoption of sustainable technologies. Favorable government funds, incentives, rebates, subsidies, and policies toward the establishment of renewable infrastructures in line with the continuous development of efficient solutions will drive the market dynamics. Furthermore, strict building codes and regulations pertaining to environmental safety will boost the industry landscape.
 

Strategic partnerships and collaborations among leading players

Key participants operating in the European heat meters market are Itron Inc., Diehl Stiftung & Co., KG, Danfoss, Schneider Electric, BMETERS Srl, Landis+Gyr, Kamstrup, Zenner International GmbH & Co., KG, Siemens, Axioma Metering, UAB, Sontex SA, Micronics Ltd., ista Energy Solutions Limited, Secure Meters Ltd., and Apator S.A amongst others. These companies are focusing on the development of advanced technological solutions through strategic mergers, acquisitions, and joint ventures.
 

This market research report on Europe heat meters includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2018 to 2030 for the following segments:

Market, By Product

  • Ultrasonic
  • Vortex
  • Others

Market, By Technology

  • Mechanical
  • Static

Market, By Application

  • Residential
  • Commercial
  • Industrial

The above information has been provided for the following countries:

  • Europe
    • Germany
    • Poland
    • Sweden
    • Denmark
    • Finland
    • Russia
    • Italy
    • UK
    • Norway
    • Czech Republic
    • Estonia
    • Latvia
    • Lithuania
    • Switzerland
    • Austria
    • Spain

 

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of Europe heat meters crossed USD 830 million in 2021 and will witness substantial growth through 2030 due to the rising need for combined heating & cooling systems and continuous deployment of advanced heating devices.

The regional market share from the ultrasonic product segment is projected to grow significantly on account of the presence of favorable government investments for the deployment of effective heat management solutions.

The market from the commercial application segment is likely to record considerable revenue through 2030 due to the increasing requirements for automated systems among end-users.

The heat meters market in Germany is set to generate significant remuneration through 2030 owing to the rising government focus on clean energy directives and the escalating demand for green substitutes in the country.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 21
  • Tables & Figures: 305
  • Countries covered: 16
  • Pages: 220

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