Static segments are Expected to Dominate the Global Heat Meter Market
According to
TechSci Research report, “Global Heat Meter Market -
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Heat Meter is anticipated to project robust growth in the
forecast period with a CAGR of 7.28% through 2028. Mandatory regulations in
some countries that require installation of heat meters have turned out to be a
major driver for the progress of the worldwide heat meter market. Moreover,
administrations around the world are developing guidelines to encourage the
usage of energy conservation, because of energy import carried out in numerous
developing economies.
The European Union member nations are mandated to have a nationwide
regulation grounded on the EED 2012, that implies the setting up of measurement
equipment’s for separate apartment billing. Furthermore, heat meter equipment’s
must be included inside several schemes for new structure and renovation of
area heating networks conforming with EU standards in the immediate future,
with Poland, Denmark,and France providing some of the biggest volumes for heat
meter consignments.
In other nations, regulatory modification
is currently taking effect. For instance, in Russia all big structures on the
district heating array must contain a hub (district) meter connected. The
Canadian market has observed increased demand for sub-metering thermal energy
and seems to be adhering to endorsements from organizations like The Pacific
Institute for Climate Solutions which has suggested thermal sub-metering as a
way to accomplish energy management and cost regulation.
The technological advancement has today changed the entire usability of
heat meters. There are smart heat meters with billing meters designed to offer
landlords and service providers a reliable, cost-effective and secure metering
solution. This brings the customer a feature-rich and intuitive system which
provides information to make informed decision in their energy usage. The
credit billing mode and pre-payment mode options are the features among them
which indirectly enable the consumer to increase their saving by heat
conservation.
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Figures spread through 188 Pages and an in-depth TOC on " Global HeatMeter Market.
The corona virus pandemic is expected to have a major impact on the heat
meter industry. The output of many manufacturers is expected to decline due to
closure of factories. Heat meters have applications in multiple industries for
measuring boiler output from a heater or conversely, the cooling output from a
chiller unit. Residential properties are a major source of end users for heat
meters. However, the disruption of construction sector due to COVID-19 pandemic
has resulted is expected to have a negative impact on the sale of heat meters.
The luxury residential construction industry is going through a difficult phase
coupled with ambiguous recovery timespan. Companies with low liquidity are
finding it difficult to sustain in this hour of crisis. The declining
employment rate will also impact the buying decisions of consumers. Lockdown
measures have resulted in halting of rollout of new products especially in the
smart heat meter domain. On the contrary, the demand for software is expected
to show an upward trend in the near future.
Key market
players in the Global Heat Meter Market are following: -
- Diehl
- Danfoss
- Landis+gyr
- Litron
- Honeywell Elster
- Kamstrup
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“”An extensive
selection of heat meters has made them ideal for use in industrial, commercial,
and household settings. Heat meters additionally provide precise data for
billing and optimization, and are adaptable enough to accommodate any future
changes. For instance, Kamstrup's ultrasonic heat meters offer dependable
accuracy. The growing focus on energy efficiency and sustainability in the
U.S., driven by consumer awareness and government regulations, encourages the
adoption of heat meters as part of broader energy management strategies. Also,
the development of district heating projects, especially in urban areas,
supports the demand for heat meters.
These projects
often aim to enhance energy efficiency by centralizing heating services and
require accurate measurement of heat consumption. The trend toward smart
buildings and smart city initiatives in the U.S. promotes the adoption of
advanced metering systems, including smart heat meters, to enable remote
monitoring, data analytics, and efficient energy management. Furthermore,
incentive programs or subsidies provided by federal or state governments to
promote energy conservation and the use of clean energy solutions drive the
adoption of heat meters. The demand for heat meters is influenced by arise in
corporate knowledge about the advantages of tracking and regulating heat usage
in commercial and industrial settings. ” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting firm.
Heat Meter Market – Global Industry Size, Share,
Trends, Opportunity, and Forecast Segmented By Type (Mechanical,
Static), By Connectivity (Wired, Wireless), By End-User (Residential,
Industrial, Commercial), By Region, Competition 2018-2028. has evaluated
the future growth potential of Global Heat Meter Market and provides statistics
and information on market structure, size, share, and future growth. The report
is intended to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities present in the Global Heat Meter Market.
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