Heat Meter Market Global Trends, Historical Overview, Size Estimation, Challenges, Growth, Demand, Share and Regional Outlook by Forecast 2023
Heat Meter Industry Segmentation:
The global Heat Meter Market has been segmented based on type, connectivity, end- user, and region.
Based on connectivity, the market is segmented as wired and wireless. Wired heat meter is estimated to dominate the market due to increased adoption of wired meters in poor connectivity areas where residential buildings are connected with district heating.
Based on type, the market is classified into mechanical and static. Static segment is expected to grow at the fastest rate as these meters use fluidic oscillator principle for providing reliable flow and energy readings.
The global Heat meter market is further segmented based on end-user, including residential, industrial, commercial, and other segments. Commercial segment of the global Heat meter market is estimated to register the highest market share during the forecast period.
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Heat Meter Market Highlights
Heat meter is a measuring device which measures thermal energy provided by a source by measuring the flow rate of the heat transfer fluid. It is ideally used in plants for measuring boiler output. It is also used to measure the heat or cooling output of a heating boiler and chiller unit respectively. The major function of a heat meter is to provide a data needed for billing and optimization. The global heat meter market is expected to grow at 7.25% CAGR during the forecast period.
Heat meter is a device which measures the consumed or transmitted heat energy. The major component of heat meter consists of flow meter, heat carrier input and output temperature sensors and an electronic calculator. By implementing a heat meter, the end-user only pays for heat consumed. Hence, given the flow and temperature data, the meter can calculate the amount of heat consumed by a commercial or residential building. There are also certain legislative and regulatory framework needed for installation of heat meter. Residential segment is estimated to dominate the heat meter market during the forecast period.
Top Manufacturers:
- Diehl (Germany),
- Danfoss (Denmark),
- Landis+Gyr (Switzerland),
- Itron (US),
- Honeywell Elster (US),
- Kamstrup (Denmark),
- Zenner (US),
- Sontex (Switzerland),
- Qundis (Germany), and
- Siemens AG (Germany).
Regional Analysis
Asia-Pacific held the largest market share of the global heat meter market in 2017. It is estimated that Asia-Pacific region will continue to dominate the market during the forecast period, mainly due to the growing district heating infrastructure, rise in population, and climate change.
Asia-Pacific is expected to foresee increasing manufacturing, meanwhile its dependency on energy imports is growing. Hence, the demand for heat meter will be needed for conserving the energy being consumed. Similarly, North America being the second largest economy is also focusing towards energy conservation programs by implementing heat meters within different application areas.
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Table Of Content
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Heat Meter Market, By Type
5.1 Introduction
5.2 Mechanical Heat Meter
5.3 Static Heat Meter
6 Global Heat Meter Market, By Connectivity
6.1 Introduction
6.2 Wired Connection
6.3 Wireless Connection
7 Global Heat Meter Market, By End-User
7.1 Introduction
7.2 Residential
7.3 Industrial
7.4 Commercial
Continued….
List of Tables
Table 1 Asia-Pacific Heat Meter Market By Type: By Type, 2018-2023
Table 2 Middle East & Africa Heat Meter Market By Type: By Country, 2018-2023
Table 3 South America Heat Meter Market By Type: By Country, 2018-2023
Table 4 Global Heat Meter Market, By Type, By Regions, 2018-2023
Table 5 North America Heat Meter Market, By Type, By Country, 2018-2023
Table 6 Europe Heat Meter Market, By Type, By Country, 2018-2023
Continued…….
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Heat Meter Market Share, By Type, 2017 (%)
Continued………
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