According to Stratistics MRC, the Global Heat Meter Market is accounted for $1,002.46 million in 2020 and is expected to reach $2,071.95 million by 2028 growing at a CAGR of 9.5% during the forecast period. The obligatory legislative necessity to install heat meters, precise measurement of heat consumption, and increased savings through heat conservation are the major factor driving the market growth. However, the capital cost associated with heat meters is hampering the growth of the market.
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Based on the type, the static segment is going to have lucrative growth during the forecast period. As the static heat meter provides reliable flow and energy readings, which are used in building technology and automation and in district heating. By geography, Asia Pacific is going to have high growth during the forecast period, owing to the upsurge in construction activities and change in climatic conditions offer high growth opportunities for the heat meter market in this province.
Some of the key players profiled in the Heat Meter Market include Siemens AG, Diehl Stiftung & Co. KG, Kamstrup A/S, Danfoss Group, Itron, Elster, Engelmann, Ista, Qundis, Sensus (Xylem)
Types Covered:
• Mechanical
• Static
• Vortex Meters
Functionality Covered:
• Insertion
• In-Line
Pipe Sizes Covered:
• 15 mm – 40 mm
• 40 mm – 80 mm
• 80 mm – 125 mm
• More than 125 mm
Connectivity’s Covered:
• Wired Connection
• Wireless Connection
Communication Methods Covered:
• Local Display
• Meter-Bus (M-Bus)
• Wireless
End Users Covered:
• Residential
• Commercial
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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