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Europe Heat Meters Market Size

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

Europe Heat Meters Market Size

Europe Heat Meters Market was valued at USD 942.5 million in 2023 and is projected to expand at a CAGR of over 7.2% from 2024 to 2032. 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

 

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.

 

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of Europe heat meters crossed USD 942.5 million in 2023 and will witness about 7.2% growth rate through 2032, 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.

Europe Heat Meters Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 305
  • Countries covered: 16
  • Pages: 220
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