Heat Meters Market Size By Product (Ultrasonic, Vortex), By Technology (Mechanical, Static), By Application (Residential, Commercial {College/University, Office Buildings, Government Buildings}, Industrial), COVID-19 Impact Analysis, Regional Outlook, Competitive Market Analysis & Forecast, 2022 – 2030

Industry Trends

Heat Meters Market size surpassed USD 2.5 billion in 2021 and will grow at a CAGR of over 3% from 2022 to 2030. The industry shipments are expected to cross 11.6 million units by 2028. Increasing demand for combined heating & cooling systems in line with the adoption of advanced heating infrastructure will foster the industry growth.
 

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Rising focus towards renewable energy systems and stringent regulations to curb carbon emissions with regulatory measures for efficient heat management will propel the market demand. Ongoing government incentives toward the deployment of energy efficient units combined with increasing focus towards clean energy directives will augment the business landscape.
 

The COVID- 19 crisis has marginally affected the heat meters market owing to shutting down of various manufacturing and industrial facilities with delay in product deployment resulting in affecting the overall product demand. However, escalating demand of sustainable technologies and reopening of industries on account of ongoing vaccination drive and relaxation in the lockdowns have positively influenced the industry outlook.
 

Favorable government incentives along with ongoing norms & policies towards green energy adoption

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The vortex heat meters market size will gain momentum and amount to more than USD 800 million by 2030. Increasing investments towards adoption of advanced energy management technology and rising construction development to enhance the building infrastructure facilities will drive the market growth. Furthermore, rapid industrialization coupled with shifting focus towards renewable substitutes comprising the adoption of hybrid technologies will foster the industry statistics.
 

Favorable government policies towards the installation of smart energy devices and optimized energy consumption will fuel the business dynamics. Extreme climatic conditions, growing concern towards carbon emissions in line with the development of efficient heating systems will augment the market demand.
 

Modern technological advancements and new product developments

The static technology segment is anticipated to witness growth rate of about 3% through 2030. Reliable and flexible operation, accurate measurement of data along with the advanced building technologies of heat meters will sway the market outlook. Lower energy consumption, automated billing technologies, stable operation for long hours coupled with growing consumer inclination towards smart metering units will fuel the heat meters market penetration.
 

Growing industrialization across the developing economies leading to new infrastructure development

Efficient planning & measurement of heat consumption patterns combined with ongoing demand for heat monitoring with individualized billing systems will stimulate the market size. Stringent government norms to cater the installation of heat units across the building apartments and the adoption of sub-metering units at economical costs will escalate the product adoption.
 

Growing concern towards extreme climatic conditions

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Stringent regulatory mandates, norms, and policies across commercial & industrial sector along with the refurbishment of traditional heating systems will enhance the industry trends. The rising demand for real time data monitoring in line with individualized billing of heat consumption will encourage the product deployment. Moreover, growing emphasis on smart energy management technology and increasing sustainable energy systems will garner market revenue.
 

Germany heat meters market is projected to reach above USD 300 million by 2030. Ongoing heat meters replacement policies and rising demand of cloud-based metering units will positively impact the business dynamics. Moreover, government legislations & allowances coupled with innovative technological advancements will complement the market. The increasing demand for district heating technology led by extreme low temperatures and snowstorms will boost the product demand.
 

Ongoing research & development for technological advancement

The prominent player across the heat meters market includes Kamstrup, Landis+Gyr, Engelman, Diehl, Danfoss, Siemens, Itron, Techem, Qundis, Zenner, Ista, Apator, Sensus, Secure Meters, Micronics, Axioma, MWA, Huizhong, Weihai Ploumeter, WECAN and Sontex among others.
 

Rising investments from private and public sectors towards innovative heating solutions combined with strategic partnerships, joint ventures, acquisitions, contracts, and mergers across eminent market players will boost the market growth. In January 2022, Diehl Metering Sweden signed a contract agreement with Sinfra heating network, a purchasing agency, the framework agreement is primarily for the heating & cooling energy meters products which will consolidate the company’s presence in the Swedish market.
 

This heat meters market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Units’ & ‘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
  • College/University
  • Office
  • Government Buildings
  • Others
• Industrial

The above information has been provided for the following regions and countries:

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • Poland
  • Sweden
  • Denmark
  • Finland
  • Russia
  • Italy
  • UK
  • Norway
  • Czech Republic
  • Estonia
  • Latvia
  • Lithuania
  • Switzerland
  • Austria
  • Spain
• Asia Pacific
  • China
  • Japan
  • South Korea
• Rest of World