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Ultrasonic Heat Meters Market Size - By Product (Fixed, Portable), By Application (Residential, Commercial {College/University, Office Buildings, Government Buildings}, Industrial) & Global Forecast Report, 2024 – 2032

  • Report ID: GMI5784
  • Published Date: May 2023
  • Report Format: PDF

Ultrasonic Heat Meters Market Size

Ultrasonic Heat Meters Market was valued at 2.35 billion in 2023 and will grow at over 4.6% CAGR from 2024 to 2032. Ongoing sustainable energy infrastructure development coupled with growing demand for effective heat consumption systems will propel the industry growth. Rapid urbanization & industrialization along with current technological advancements toward smart energy systems will boost the market statistics. In addition, increasing demand for combined heating & cooling systems coupled with adoption of advanced heating infrastructure will foster the industry growth.

Ultrasonic Heat Meters Market

Favorable government policies towards the installation of smart energy devices and optimized energy consumption will continue to drive the ultrasonic heat meters market demand. Extreme climatic conditions in some economies, growing concerns toward carbon/GHG emissions in line with the continuous development of efficient heating systems is set to boost the market growth. The systems have accurate billing patterns, enhanced measurement reliability accompanied by low maintenance expenditure, which is set to augment the product demand.

Moreover, development of advanced & sustainable heating infrastructure to cater to the growing requirement of real-time monitoring of heat consumption patterns will positively accelerate the industry outlook. The growth can be hindered owing to some privacy concerns led by prevalent metrological constraints comprising low flow rates and low temperature differences among others. Thus, the heat meter configuration may drive down the acceptance rate of these devices, thereby hampering the business growth.

COVID- 19 Impact

The COVID- 19 crisis has marginally affected the ultrasonic heat meters market on account of shutting down of various component manufacturing and industrial facilities together with delay in product deployment resulting in affecting the overall product demand. Lockdown enforcements has led to various supply chain disruptions, further worsening the business landscape. 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.

Ultrasonic Heat Meter Market Trends

The industry size will witness growth on account of rising investments for infrastructure development and increasing focus towards the adoption of renewable based heating systems. Ongoing technological advancements to provide accurate data measurement together with rapid expansion of enhanced & sustainable energy systems will augment the business landscape. Rising government policies to focus on the installation of clean energy devices coupled with consumer inclination towards the adoption of advanced units will fuel the industry scenario. In addition, emphasis on efficient & sustainable heat management systems catering real-time data monitoring will propel the business outlook.

Fixed Ultrasonic Heat Meter Market Analysis

Ultrasonic Heat Meters Market Size, By Product, 2021-2032 (USD Billion)

The fixed meters held a major part of the ultrasonic heat meters market value of USD 1.36 million in 2022. Key factors comprising of enhanced accuracy, high precision, wide range ratio, simple installation and no pressure loss represent the benefits of utilizing the integrated meters. Additionally, growing investments toward adoption of advanced energy management technology and the rising construction development to upgrade the building infrastructure facilities will sway the product demand. Furthermore, rapid industrialization coupled with shifting focus towards renewable substitutes comprising the espousal of hybrid technologies will foster the industry scenario.

Ultrasonic Heat Meters Market Share, By Application, 2022

The residential meters captured around 45% of the market share in 2022 and is expected to grow at a lucrative pace by 2032. Growing industrialization across the developing economies leading to new infrastructure development will boost the business scenario. Residential industry is projected to grow on account of efficient planning & measurement of heat consumption patterns led by ongoing demand for heat monitoring with individualized billing systems will stimulate the business outlook.

Stringent government norms to cater the installation of heat units across the building apartments coupled with the need of sub-metering units at economical costs will escalate the product adoption. Additionally, the robust design of heat meters credited to the cost-effective solutions focusing on intelligent heating infrastructure will bolster the ultrasonic heat meters market scenario.

Europe Ultrasonic Heat Meters Market, 2021-2032 (USD Billion)

Europe ultrasonic heat meters dominated the market with more than exceeded 1,669 thousand units sales in 2022 and is further expected to expand at a growth rate during 2023-2032. Strict regulatory mandates, norms, and policies across commercial & industrial sector in line with the refurbishment of traditional heating systems will fuel the industry trends. Rising demand for real time data monitoring and individualized billing of heat consumption will encourage the product deployment. Hence, growing emphasis on smart energy management technology coupled with increasing sustainable energy systems will foster the business landscape.

Ultrasonic Heat Meters Market Share

Some of the major players operating in the ultrasonic heat meters market include

  • Kamstrup
  • Danfoss
  • Siemens
  • Apator S.A.
  • Itron Inc.
  • Metron FMC
  • Diehl Stiftung & Co. KG
  • ista Energy Solutions Limited
  • QUNDIS, iCenta Controls Ltd
  • Caleffi

These participants primarily focus on new product launches & strategic partnerships for market expansion. Moreover, they are heavily investing in research & development activities which support in new product advancements, thereby giving a competitive edge to the industry manufacturers.

Ultrasonic Heat Meters Industry News

  • 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 meters products which will consolidate the company’s presence across the Swedish market.
  • In October 2021, QUNDIS introduced compact heat meters Q heat 5.5 R and Q heat 5.5 US R with integrated radio systems. The devices offer high accuracy of measurement with space saving installation and is suitable for recording heat, solar & hot water treatment system energy consumption. This will strengthen the company’s presence across the market.

This market research report on ultrasonic heat meters includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & ‘000 Units from 2019 to 2032, for the following segments:

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Market, By Product

  • Fixed
  • Portable

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
    • Italy
    • UK
  • Asia Pacific
    • China
    • Japan
    • South Korea
  • Rest of World


Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of ultrasonic heat meters exceeded USD 2.35 billion in 2023 is projected to grow at 4.6% CAGR from 2024 to 2032 due to the ongoing developments in sustainable energy infrastructure and the growing demand for effective heat consumption systems.

Fixed ultrasonic heat meters industry size reached USD 1,368 million in 2022 owing to the rising need for enhanced accuracy, high precision, wide range ratio, and simple installation.

Europe ultrasonic heat meters industry surpassed 1,669 units in volume in 2022 and expected to grow at a significant pace during 2023-2032 on account of the influx of stringent regulatory mandates, norms, and policies across commercial & industrial sector.

Kamstrup, Danfoss, Siemens, Apator S.A., ZENNER INTERNATIONAL GmbH, Itron Inc., Metron FMC, Diehl Stiftung & Co. KG, ista Energy Solutions Limited, QUNDIS, iCenta Controls Ltd, and Caleffi are a few prominent players in ultrasonic heat meters business landscape.

Ultrasonic Heat Meters Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 508
  • Countries covered: 12
  • Pages: 128
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