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Ultrasonic Heat Meters Market Trends

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

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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.

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.