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Ultrasonic Cooling Meters Market Analysis

  • Report ID: GMI10938
  • Published Date: Aug 2024
  • Report Format: PDF

Ultrasonic Cooling Meters Market Analysis

Based on technology, the static segment is projected to surpass USD 1.3 billion by 2032, on account of high accuracy in measuring flow and energy consumption. The high precision offered is critical in commercial, industrial, and district cooling applications where even small inaccuracies can lead to significant financial losses or inefficiencies which will foster the industry growth. Moreover, the systems are more dependable and have a longer operational life compared to mechanical meters. This reliability makes them increasingly attractive to industries that require consistent and accurate data over extended periods, which will positively impact the product adoption.

 

Ultrasonic Cooling Meters Market Size, By Technology, 2022-2032

Based on application, the commercial segment is set to grow at 5% CAGR through 2032. In commercial buildings, cooling often accounts for a sizable portion of energy consumption. Cooling meters provide precise data on energy usage, enabling building managers to optimize HVAC systems, reduce energy waste, and lower operational costs. Growing utilization in energy audits to identify inefficiencies in cooling systems allows for targeted improvements comprising upgrading equipment or adjusting system settings, leading to better energy performance and cost savings which will boost the industry statistics. In addition, integration of cooling meters into smart building systems will strengthen the business scenario.
 

North America Ultrasonic Cooling Meters Market Size, 2022-2032 (USD Million)

North America ultrasonic cooling meters market is set to reach USD 455.5 million by 2032. Growing implementation of stringent energy efficiency regulations along with enforcement of building energy codes that mandate the use of precise energy metering, including cooling meters, in commercial and residential buildings will stimulate the industry trend. The integration of cooling meters with smart building management systems (BMS) allows for real-time monitoring, automated controls, and data-driven energy optimization will positively impact the industry growth. In addition, rise of IoT (Internet of Things) technologies in North America has accelerated the adoption of smart meters, including cooling meters will stimulate the industry landscape.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of ultrasonic cooling meters was worth over USD 869.8 million in 2023 and is expected to register 5.7% CAGR from 2024 to 2032, owing to their need for optimizing energy use and monitoring and managing energy consumption worldwide.

Ultrasonic cooling meters industry from the statics segment is expected to cross over USD 1.3 billion by 2032, due to its high accuracy in measuring flow and energy consumption.

North America ultrasonic cooling meters industry is likely to exceed USD 455.5 million by 2032, due to growing implementation of stringent energy efficiency regulations along with enforcement of building energy codes that mandate the use of precise energy metering in the region.

Danfoss, ista Energy Solutions Limited, Itron Inc., Integra, Kamstrup, Landis+Gyr, Sontex SA, Schneider Electric, Secure Meters Ltd., Smartdhome Srl, Xylem, and ZENNER International GmbH & Co. KG, are some of the major ultrasonic cooling meters companies worldwide.

Ultrasonic Cooling Meters Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 40
  • Countries covered: 22
  • Pages: 400
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