Heat Meter Market Size is Anticipated to Hit US$ 2,222 Million by 2030

According to Precedence Research, the heat meter market size is forecasted to reach around US$ 2,222 million by 2030, growing at a 9.2% CAGR from 2021 to 2030.

Heat meters are employed to quantify heat energy dispersed through an area or centralized civic heating arrangement. In a heating arrangement the thermal energy is straightly proportional to the output of the fluid movement frequency and the fluid temperature variance. A heat meter comprises of flow quantification equipment, a duo of temperature sensors to quantify the temperature variance, and a calculator to ascertain the thermal energy on the base of the contributions from the temperature and flow variance. Temperature quantification is usually executed by means of platinum resistance thermometers (PRTs) that offer exceptional accuracy over a widespread temperature array (–200 to +850 °C). Alternate sensors for temperature quantification comprise digital temperature devices.

The heat meter industry has grown constantly in the recent past, initially motivated by the developed German market and more lately by evolving Turkish, Russian, and Chinese markets. Nevertheless, the economic and political uncertainty in some regions has stalled the market progress during 2014 and 2015. The market however has revived post 2017 due to heavy investment by governments in emerging regions.

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Growth Factors:

Increasing construction activity in developing regions, changes in the climate conditions, rapidly growing awareness in customers, increasing number of heat meter installations by individuals in order to monitor energy spending, and growth in the luxury housing market are among major factors boosting growth of the global industry. Additionally, technological advancements and integration of latest technologies is fueling growth of the heat meter market worldwide. Moreover, rapidly increasing awareness regarding energy conservation is having positive impact on the growth of global industry. Further, increased focus on the improvement of energy infrastructure in developing regions and growing investment by major market players on research and development are other factors to boost growth of the global market during the forecast time frame.

With the growing cost of energy and stress on energy saving, reliable and accurate metering of all services has become essential for measuring and supervising energy expenses. Though, in the year 2011, the Chinese government’s emphasis on substituting coal as a source of housing heating flattened the shipments. This decelerated the pace of new construction in China and hindered the total heat meter industry. Likewise, economic & political slowdown in Russia & Turkey also weakened the heat meter industry.

Currently the market progress has mostly caught up in China, where the shipments have augmented rising year over year. In 2013, the Chinese administration laid out the key alignments for urban development in China, encompassing a proposal to rebalance urban progress by restraining urban sprawl and augmenting compaction of cities. The construction sector offers greater room for better efficiency, both for new creation and also through the revamp of existing structures.

Market Scope:

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The heat meter report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Report Highlights:

• Based on type, ultrasonic meters reported largest revenue in 2020. This is accredited to high durability and accuracy of the ultrasonic meters. Further, advantages such as lower energy consumption are expected to boost the growth of the segment in the near future.
• On the basis of technology, static accounted for the weighty share in the target industry. This is due to increasing demand for combined cooling and heating applications.
• Based on application segment, residential accounted for the largest revenue with significant portion in estimate period of time. Factors such as rapidly increasing demand for home automation systems are driving growth of the segment.
• Landis + Gyr and Kamstrup are major companies operating in the global heat meter market.

Regional Analysis:

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, Asia Pacific dominated the global market with a market share of more than 41%. China represented the highest share in the Asia Pacific region primarily due to high urbanization, strong growth in construction activities, and availability of latest metering products. Moreover, growing awareness regarding energy conservation is expected to have positive impact on the industry growth. North America is expected to account for the second largest share in the heat meter industry in terms of revenue in 2020. The growth in the North American region is attributed to availability of latest products, high requirement for energy monitoring, and developed construction sector. Europe is anticipated to grow at the highest CAGR during the projected time-duration majorly due to high demand from new markets such as Turkey, Russia, and Germany. Growth in the research and development activities is a major factor that is projected to have optimistic impact on the growth of the target industry in the European countries.

Key Players:

The heat meter market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent players in the heat meter market include:

• Weihai Ploumeter Co. Ltd.
• Landis + Gyr
• Quadlogic Meters Canada Inc
• Zenner International GmbH & Co. KG
• Kamstrup
• Micronics Ltd
• MWA Technology Ltd
• Qundis
• Apator S.A.
• Qundis
• Sontex SA
• Siemens AG
• WECAN Precision Instruments Co. Ltd.
• Ista
• Huizhong Instrumentation Co. Ltd.
• Techem
• Secure Meters Ltd
• Weihai Ploumeter Co. Ltd.

Market Segmentation

By Type

• Turbine Meters
• Ultrasonic Meters
• Vortex Meters
• Others

By Connectivity

• Wired
• Wireless

By Technology

• Mechanical
• Static

By Application

• Residential
• Commercial and Public
• Industrial

Regional Segmentation

• North America (U.S. and Canada)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
• Latin America (Brazil and Rest of Latin America)
• Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Heat Meter Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Heat Meter Market

5.1. Covid-19: Heat Meter Industry Impact
5.2. Heat Meter Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Heat Meter Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Heat Meter Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Heat Meter Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increasing construction activity in developing regions
6.1.1.2. Changes in the climate conditions
6.1.2. Market Restraints
6.1.2.1. High Cost
6.1.3. Market Opportunities
6.1.3.1. Technological advancements and integration of latest technologies
6.1.3.2. Rapidly increasing awareness regarding energy conservation

Chapter 7. Global Heat Meter Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Heat Meter Market Revenue by Market Players (2017 – 2020)
7.1.1.2. Heat Meter Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Heat Meter Market, By Type

8.1. Heat Meter Market, by Type, 2017-2030
8.1.1. Turbine Meters
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Ultrasonic Meters
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Vortex Meters
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Heat Meter Market, By Connectivity

9.1. Heat Meter Market, by Connectivity, 2017-2030
9.1.1. Wired
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Wireless
9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Heat Meter Market, By Technology

10.1. Heat Meter Market, by Technology, 2017-2030
10.1.1. Mechanical
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Static
10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Heat Meter Market, By Application

11.1. Heat Meter Market, by Application, 2017-2030
11.1.1. Residential
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Commercial and Public
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Industrial
11.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Heat Meter Market, Regional Estimates and Trend Forecast

12.1. North America
12.1.1. Market Revenue Forecast by Type(2017-2030)
12.1.2. Market Revenue Forecast by Connectivity (2017-2030)
12.1.3. Market Revenue Forecast by Technology (2017-2030)
12.1.4. Market Revenue Forecast by Application (2017-2030)
12.1.5. U.S
12.1.5.1. Market Revenue Forecast (2017-2030)
12.1.6. Canada
12.1.6.1. Market Revenue Forecast (2017-2030)
12.2. Europe
12.2.1. Market Revenue Forecast by Type (2017-2030)
12.2.2. Market Revenue Forecast by Connectivity (2017-2030)
12.2.3. Market Revenue Forecast by Technology (2017-2030)
12.2.4. Market Revenue Forecast by Application (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue Forecast (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue Forecast (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue Forecast (2017-2030)
12.2.8. Rest of EU
12.2.8.1. Market Revenue Forecast (2017-2030)
12.3. Asia Pacific (APAC)
12.3.1. Market Revenue Forecast by Type (2017-2030)
12.3.2. Market Revenue Forecast by Connectivity (2017-2030)
12.3.3. Market Revenue Forecast by Technology (2017-2030)
12.3.4. Market Revenue Forecast by Application (2017-2030)
12.3.5. China
12.3.5.1. Market Revenue Forecast (2017-2030)
12.3.6. India
12.3.6.1. Market Revenue Forecast (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue Forecast (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue Forecast (2017-2030)
12.4. LATAM
12.4.1. Market Revenue Forecast by Type (2017-2030)
12.4.2. Market Revenue Forecast by Connectivity (2017-2030)
12.4.3. Market Revenue Forecast by Technology (2017-2030)
12.4.4. Market Revenue Forecast by Application (2017-2030)
12.4.5. Brazil
12.4.5.1. Market Revenue Forecast (2017-2030)
12.4.6. Rest of LATAM
12.4.6.1. Market Revenue Forecast (2017-2030)
12.5. Middle East and Africa (MEA)
12.5.1. Market Revenue Forecast by Type (2017-2030)
12.5.2. Market Revenue Forecast by Connectivity (2017-2030)
12.5.3. Market Revenue Forecast by Technology (2017-2030)
12.5.4. Market Revenue Forecast by Application (2017-2030)
12.5.5. GCC
12.5.5.1. Market Revenue Forecast (2017-2030)
12.5.6. North Africa
12.5.6.1. Market Revenue Forecast (2017-2030)
12.5.7. South Africa
12.5.7.1. Market Revenue Forecast (2017-2030)
12.5.8. Rest of MEA
12.5.8.1. Market Revenue Forecast (2017-2030)

Chapter 13. Company Profiles

13.1. Weihai Ploumeter Co. Ltd.
13.1.1. Company Overview, Business Information, Regional Presence
13.1.2. Product Portfolio Analysis
13.1.2.1. Product Details, Specification, Connectivity
13.1.3. Revenue, Price, and Gross Margin (2017-2020)
13.1.4. Recent Developments and Strategies
13.2. Landis + Gyr
13.2.1. Company Overview, Business Information, Regional Presence
13.2.2. Product Portfolio Analysis
13.2.2.1. Product Details, Specification, Connectivity
13.2.3. Revenue, Price, and Gross Margin (2017-2020)
13.2.4. Recent Developments and Strategies
13.3. Quadlogic Meters Canada Inc
13.3.1. Company Overview, Business Information, Regional Presence
13.3.2. Product Portfolio Analysis
13.3.2.1. Product Details, Specification, Connectivity
13.3.3. Revenue, Price, and Gross Margin (2017-2020)
13.3.4. Recent Developments and Strategies
13.4. Zenner International GmbH & Co. KG
13.4.1. Company Overview, Business Information, Regional Presence
13.4.2. Product Portfolio Analysis
13.4.2.1. Product Details, Specification, Connectivity
13.4.3. Revenue, Price, and Gross Margin (2017-2020)
13.4.4. Recent Developments and Strategies
13.5. Kamstrup
13.5.1. Company Overview, Business Information, Regional Presence
13.5.2. Product Portfolio Analysis
13.5.2.1. Product Details, Specification, Connectivity
13.5.3. Revenue, Price, and Gross Margin (2017-2020)
13.5.4. Recent Developments and Strategies
13.6. Micronics Ltd
13.6.1. Company Overview, Business Information, Regional Presence
13.6.2. Product Portfolio Analysis
13.6.2.1. Product Details, Specification, Connectivity
13.6.3. Revenue, Price, and Gross Margin (2017-2020)
13.6.4. Recent Developments and Strategies
13.7. MWA Technology Ltd
13.7.1. Company Overview, Business Information, Regional Presence
13.7.2. Product Portfolio Analysis
13.7.2.1. Product Details, Specification, Connectivity
13.7.3. Revenue, Price, and Gross Margin (2017-2020)
13.7.4. Recent Developments and Strategies
13.8. Qundis
13.8.1. Company Overview, Business Information, Regional Presence
13.8.2. Product Portfolio Analysis
13.8.2.1. Product Details, Specification, Connectivity
13.8.3. Revenue, Price, and Gross Margin (2017-2020)
13.8.4. Recent Developments and Strategies
13.9. Apator S.A.
13.9.1. Company Overview, Business Information, Regional Presence
13.9.2. Product Portfolio Analysis
13.9.2.1. Product Details, Specification, Connectivity
13.9.3. Revenue, Price, and Gross Margin (2017-2020)
13.9.4. Recent Developments and Strategies
13.10. Sontex SA
13.10.1. Company Overview, Business Information, Regional Presence
13.10.2. Product Portfolio Analysis
13.10.2.1. Product Details, Specification, Connectivity
13.10.3. Revenue, Price, and Gross Margin (2017-2020)
13.10.4. Recent Developments and Strategies

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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