Europe Heat Meters Market size is set to surpass USD 1.3 billion by 2030, according to a new research report by Global Market Insights Inc.
The market growth is attributed to the rapid development of renewable infrastructures along with ongoing technological innovations for the advancement of heating systems. The growing private and public sector investments in the expansion of effective energy management units in line with robust infrastructural developments will complement the business potential.
The COVID-19 outbreak has marginally impacted the industry owing to strict government-imposed lockdowns across various areas together with limited workforce management. However, with the decrease in the number of infected cases, the industry is expected to recover on account of the escalating demand for sustainable heating systems coupled with continuous technological innovations, which will augment the business dynamics. In addition, favorable government policies and mandates toward the growth of clean infrastructures will positively impact the industry landscape.
Shifting focus on low emission heating systems along with the ongoing deployment of smart energy systems
The Europe heat meters market from vortex product segment is poised to witness significant growth during the forecast period, credited to the rising carbon emission concerns in line with the growing installation of advanced heating units. Effective heat measurement and easy installation along with the advantage to endure high pressure & temperature will influence the product penetration. Additionally, continuous expansion of advanced and accurate metering systems coupled with the deployment of various technologies including Internet of Things (IoT) platforms will foster the industry growth. Furthermore, increasing focus on the adoption of efficient systems in line with favorable government incentives focusing on the expansion of smart heating devices will boost the industry demand.
Browse key industry insights spread across 220 pages with 273 market data tables & 32 figures & charts from the report, “Europe Heat Meters Market Size By Product (Ultrasonic, Vortex), By Technology (Mechanical, Static), By Application (Residential, Commercial, Industrial), COVID-19 Impact Analysis, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2030” in detail along with the table of contents:
Growing demand for individualized metering solutions in line with the continuous development of smart & effective energy devices
The static technology segment in the Europe heat meters market is anticipated to reach USD 1 billion revenue by 2030. Rising requirements for reliable and efficient energy management units together with the continuous installation of smart & automated building technologies will fuel the business demand. The continuous introduction of various technologies comprising remote reading systems, data management & customer support services coupled with the growing demand for trigeneration technologies will enhance the market landscape.
Increasing requirements for cost-effective energy units in line with shifting trends toward effective measurement of heat consumption patterns will drive the industry trend
Residential market is slated to showcase substantial gains through 2030 due to the shifting consumer focus toward environmental-friendly energy solutions along with the ongoing development of intelligent heating infrastructures. The rising adoption of cost-effective, reliable, and automated heating solutions among end-users in line with favorable government investments in the development of clean energy solutions will propel the industry potential. Moreover, the shifting inclination toward individualized billing patterns coupled with the increasing consumer demand for real-time data monitoring systems will sway the Europe heat meters market trend.
Stringent government regulations and incentives for the development of green infrastructure
Denmark industry is estimated to rise on account of rising concerns toward carbon emissions coupled with the ongoing development of industrial and commercial facilities. Continuous refurbishment of conventional heating systems with smart and advanced technologies in line with continuous demand for real time energy monitoring systems will accelerate the business growth. Stringent government measures and norms pertaining to the development of clean infrastructure along with the increasing share of renewables pertaining to the growth of effective energy management will thrust the market demand. In addition, the investments across various private and public sectors for the advancement of innovative technologies together with continuous product deployment will spur the market expansion.
Major participants operating in the Europe heat meters market are Danfoss, Zenner International GmbH & Co., KG, Itron Inc., Micronics Ltd., Apator S.A., BMETERS Srl, Secure Meters Ltd., Axioma Metering, UAB, Sontex SA, ista Energy Solutions Limited, Siemens, Landis+Gyr, Kamstrup, Diehl Stiftung & Co., KG, and Schneider Electric, amongst others. These leaders are focusing on the development of innovative heating solutions in line with strategic mergers and collaborations among the leading players across the region will escalate the industry dynamics.