Heat Meter Market
PUBLISHED: 2022 ID: SMRC21864
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Heat Meter Market

Heat Meter Market Forecasts to 2028 - Global Analysis By Product Type (Ultrasonic, Vortex, Turbine Meters, Others), Connectivity (Wired Connection, Wireless Connection), Technology (Mechanical Heat Meter, Static Heat Meter), Communication Method (Local display, M-bus, Wireless), Pipe Size, End User and By Geography

4.5 (96 reviews)
4.5 (96 reviews)
Published: 2022 ID: SMRC21864

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $2.968 BN

Projected Year Value (2028)

US $4.210 BN

CAGR (2022 - 2028)

6%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Fastest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Heat Meter Market is accounted for $2.968 billion in 2022 and is expected to reach $4.210 billion by 2028 growing at a CAGR of 6% during the forecast period. In order to calculate the quantity of thermal energy provided by a source, a heat metre measures the flow rate of a heat transfer fluid. In facilities, it is frequently used to gauge boiler output. Additionally, it is utilised to estimate the amount of heat or cold a heating boiler or chillier unit generates. The main purpose of a heat metre is to provide information for billing and optimization. Heat metres must be installed within a specific legal and regulatory framework.

According to a white paper on Renewable Heat Policies published by the International Energy Agency, China was the world’s largest heat consumer accounting for 26% of total global heat consumption in 2015. Growing industrialization in developing countries of Asia Pacific is likely to create safety and security concerns owing to the hot fluid being circulated through the pipes, which, in turn, is expected to raise the demand for heat meters in the region.



Market Dynamics:

Driver:

Increase in Concerns about Global Warming

Various governments have put forth extraordinary efforts to regulate the temperature of the air. These laws and regulations play a vital role in driving the market globally. In addition, governments worldwide are developing policies that will improve the use of heat energy as a result of the influx of energy that is taking place in several developing countries. For example, according to the International Energy Efficiency (IEE) regulatory guidelines, the installation of Heat Meter Market plays a vital role in carbonization. In addition, low carbon temperatures that provide better flexibility can remove structural heat by installing Heat Meter Market, another factor contributing to global market growth. Furthermore, rising concerns about global warming have prompted governments to incentivize citizens and industries to reduce and monitor their use of thermal energy to reduce the effects of climate change caused by human activities. This has increased the need for Heat Meter Market in various fields. In addition, the increase in energy-related concerns and relevant government laws and regulations related to energy efficiency are expected to further the growth of the market.

Restraint:

Poor signal prevents the heat meter from working

Mobile technology (network coverage) is used by heat metres to interact with energy providers, and a poor signal can cause this connection to break. The likelihood is that a heat metre may have trouble operating in your home if you reside in particular rural locations or those infamous for having poor mobile phone signals.

Opportunity:

Rise in Digitalization

Heaters have undergone notable technological advancements in recent years. These technological advancements were mostly made apparent by rising consumer demand for long-lasting goods with improved performance at cheaper prices. The temperature meter's sensor has also undergone a considerable upgrade. For instance, efforts are being undertaken to develop sensors that can precisely detect the composition of fuel and oxidants in industrial systems as well as image-sensing sensors to monitor areas. This is brought on by both the rising use of regional heating systems and the greater digital production of electrical resources. Additionally, the market is growing as a result of rising demand for accurate and trustworthy thermal measuring systems and the quickening development of the commercial and residential sectors.

Threat:

Switching energy suppliers becomes difficult

When it comes time to purchase a new deal, you might choose to switch suppliers if you had a first generation metre placed. Unfortunately, in order to maintain their heat metre capabilities, metres must first be updated. After doing this, you can discover that many energy providers are discriminating in the fantastic deals they give clients for specific metre types. We advise delaying the offer of a second generation heat metre when given the option in order to prevent finding yourself in this predicament. These provide you access to a wider range of excellent energy bargains and keep you current with heat metre advancements.

Covid-19 Impact

One of the main causes of the halt in the development of universal energy access has been the COVID-19 interruption. However, among other things, the crisis's slow recovery and the increased use of renewable energy sources are leading to increased access to cutting-edge, sustainable energy systems. These elements might encourage the implementation of heat metering systems, which would then support the growth of the worldwide heat metre market.

The wired segment is expected to be the largest during the forecast period

The market is divided into two types of heat metres: mechanical heat metres and static heat metres. Given that these metres use the fluidic oscillator concept to produce accurate flow and energy readings, the static segment is anticipated to expand at the fastest rate during the projected period. The market is divided into wired and wireless segments based on connection. Due to rising adoption of wired metres in locations with weak connectivity where residential buildings are connected to district heating, it is predicted that wired heat metres will dominate the market. The wired segment is anticipated to have the highest share over the projection period.

The pipe size segment is expected to have the highest CAGR during the forecast period

The market is divided into four categories based on pipe size: 15 mm to 40 mm, 40 mm to 80 mm, 80 mm to 125 mm, and more than 125 mm. Small pipes (15 mm to 40 mm in diameter) are typically installed within the home to transport hot water to various outlets throughout the residence. These pipes are also widely used in household applications because of their small size, excellent dependability, extended shelf life, and ability to be placed independently of the measurement apparatus. As a result, they have demanding applications across a variety of end-use sectors. Thus the during the forecast period, the pipe size category is anticipated to have the greatest CAGR.

Region with highest share:

Due to a growing awareness among national and international groups, as well as the governments of various nations, about the necessity of achieving energy efficiency and lowering overall fossil fuel use, North America has the highest consumption of heat metres. The region's market for heat metres is anticipated to grow favourably as a result of the increased district energy services adoption in North America over the past few years. The region with the highest CAGR during the projection period is expected to be North America.

Region with highest CAGR:

The market for heat metres in the Asia Pacific region is anticipated to experience rapid CAGR expansion. The demand for district heating services has significantly increased in the region. Favourable government programmes, such as incentives and subsidies, are also being implemented to encourage the adoption of automated and sophisticated heating systems. The Asia Pacific region will become a major hub for the production of heat metres, driven by expanding government backing as well as rising investments in the expansion of heating infrastructure.



Key players in the market

Some of the key players profiled in the Heat Meter Market include Engelmann, Sensus (Xylem), Kamstrup, Zenner, Siemens, Danfoss, Wasion Group, Diehl, Ista, Elster, Landis+Gyr, Itron, Qundis, Sycous LTD, Aptor SA., Trend Control System LTD , WECAN Precision Instruments Co. Ltd, Techem, MWA Technology Ltd, Micronics Ltd.

Key Developments:

In March 2022, Micronics Flow Measurement, a specialist in ultrasonic clamp on flow metres, has been fully acquired by Rototherm Group.

In May 2018, The Danfoss team responsible for the development, production and sales of Heat Meters and Automatic Meter Reading solutions have announced a successful test with the narrowband Internet of Things (NB-IoT) wireless data communication.

Product Type Covered:
• Ultrasonic
• Vortex
• Turbine Meters
• Other Types

Connectivity Covered:
• Wired Connection
• Wireless Connection
Technology Covered:
• Mechanical Heat Meter
• Static Heat Meter

Communication Method Covered:
• Local display
• M-bus
• Wireless

Pipe Size Covered:
• 15 mm – 40 mm
• 40 mm – 80 mm
• 80 mm – 125 mm
• More than 125 mm

End User Covered:
• Residential
• Commercial & Public
• 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

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Heat Meter Market, By Product Type
5.1 Introduction
5.2 Ultrasonic
5.3 Vortex
5.4 Turbine Meters
5.5 Other Types

6 Global Heat Meter Market, By Connectivity
6.1 Introduction
6.2 Wired Connection
6.3 Wireless Connection

7 Global Heat Meter Market, By Technology
7.1 Introduction
7.2 Mechanical Heat Meter
7.2.1 Multi-Jet Meter
7.2.2 Turbine Meter
7.3 Static Heat Meter
7.3.1 Electromagnetic Meter
7.3.2 Ultrasonic Meter

8 Global Heat Meter Market, By Communication Method
8.1 Introduction
8.2 Local display
8.3 M-bus
8.4 Wireless

9 Global Heat Meter Market, By Pipe Size
9.1 Introduction
9.2 15 mm – 40 mm
9.3 40 mm – 80 mm
9.4 80 mm – 125 mm
9.5 More than 125 mm

10 Global Heat Meter Market, By End-User
10.1 Introduction
10.2 Residential
10.3 Commercial & Public
10.4 Industrial

11 Global Heat Meter Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Engelmann
13.2 Sensus (Xylem)
13.3 Kamstrup
13.4 Zenner
13.5 Siemens
13.6 Danfoss
13.7 Wasion Group
13.8 Diehl
13.9 Ista
13.10 Elster
13.11 Landis+Gyr
13.12 Itron
13.13 Qundis
13.14 Sycous LTD
13.15 Aptor SA.
13.16 Trend Control System LTD
13.17 WECAN Precision Instruments Co. Ltd
13.18 Techem
13.19 MWA Technology Ltd
13.20 Micronics Ltd

List of Tables
1 Global Heat Meter Market Outlook, By Region (2020-2028) ($MN)
2 Global Heat Meter Market Outlook, By Product Type(2020-2028) ($MN)
3 Global Heat Meter Market Outlook, By Ultrasonic(2020-2028) ($MN)
4 Global Heat Meter Market Outlook, By Vortex(2020-2028) ($MN)
5 Global Heat Meter Market Outlook, By Turbine Meters(2020-2028) ($MN)
6 Global Heat Meter Market Outlook, By Other Types(2020-2028) ($MN)
7 Global Heat Meter Market Outlook, By Connectivity(2020-2028) ($MN)
8 Global Heat Meter Market Outlook, By Wired Connection(2020-2028) ($MN)
9 Global Heat Meter Market Outlook, By Wireless Connection(2020-2028) ($MN)
10 Global Heat Meter Market Outlook, By Technology(2020-2028) ($MN)
11 Global Heat Meter Market Outlook, By Mechanical Heat Meter(2020-2028) ($MN)
12 Global Heat Meter Market Outlook, By Multi-Jet Meter(2020-2028) ($MN)
13 Global Heat Meter Market Outlook, By Turbine Meter(2020-2028) ($MN)
14 Global Heat Meter Market Outlook, By Static Heat Meter(2020-2028) ($MN)
15 Global Heat Meter Market Outlook, By Electromagnetic Meter(2020-2028) ($MN)
16 Global Heat Meter Market Outlook, By Ultrasonic Meter(2020-2028) ($MN)
17 Global Heat Meter Market Outlook, By Communication Method(2020-2028) ($MN)
18 Global Heat Meter Market Outlook, By Local display(2020-2028) ($MN)
19 Global Heat Meter Market Outlook, By M-bus(2020-2028) ($MN)
20 Global Heat Meter Market Outlook, By Wireless(2020-2028) ($MN)
21 Global Heat Meter Market Outlook, By Pipe Size(2020-2028) ($MN)
22 Global Heat Meter Market Outlook, By 15 mm – 40 mm(2020-2028) ($MN)
23 Global Heat Meter Market Outlook, By 40 mm – 80 mm(2020-2028) ($MN)
24 Global Heat Meter Market Outlook, By 80 mm – 125 mm(2020-2028) ($MN)
25 Global Heat Meter Market Outlook, By More than 125 mm(2020-2028) ($MN)
26 Global Heat Meter Market Outlook, By End-User(2020-2028) ($MN)
27 Global Heat Meter Market Outlook, By Residential(2020-2028) ($MN)
28 Global Heat Meter Market Outlook, By Commercial & Public(2020-2028) ($MN)
29 Global Heat Meter Market Outlook, By Industrial(2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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