Heat Meters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Heat Meters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2021 | Semiconductor & Electronics

Report Digest


Heat Meters Market: Overview

The demand for heat meters market is likely to see an upswing during the forecasting period 2018 – 2028 due to rapid advancement in technology accompanied with the change in a lifestyle across the world. Urbanization which has shrouded the world has found various ways to lead a comfortable ways irrespective of weather. Rising espouse of district heating systems along with rapid expansion of commercial and residential establishment is anticipated to boost up the sales of heat meters in various regions of the world. Scandinavian countries such as Denmark and Norway are majorly known to have installed heat meters market in order to receive hot water. Almost 60% of the households in these countries have them installed. The heat meters market was worth at US$760 mn in the base year and is expected to cross US$ 8.5 mn by the end of the assessed period.

The global heat meters market can be segregated on the basis of technology, product, application, and region. On the basis of product the market is further divided into ultrasonic, vortex, and others.  On the basis of technology the market is split into mechanical and static. The heath meters market finds its application in residential and commercial areas. Commercial areas is known to hold a majority share due to quick development of college/university, office buildings, government buildings, hotels, and others in recent years.

The analysts of the report have provided a complete 360 degree synopsis of the market, thus helping the readers to understand the insight of the market. Analysts of this report have conducted extensive research such as collecting information from the primary and secondary research source. Conclusion of the report has been done on the basis of Porter’s Five Point analysis, thus helping entrepreneurs to take important step in the market. The report provides various market dynamics such as opportunities, technological advancement, trends, and restrains which might impact the growth rate of the market in years ahead.

Heat Meters Market: Trends and Opportunities

Polices laid down by government of various countries towards having an energy efficient heat meters market installed in buildings is likely to support the growth of heat meters market in years to come. For instance in the U.S The American society of Heating, Refrigerating, and Air conditioning Engineers in 2013 fixed energy standards, according to which there has to be a sub metering in buildings higher that 25000 ft for energy sustainability and efficiency. Increasing stress on effective energy management technology coupled with rising demand for accurate and reliable metering system is prognosticated to steer the heat meters market share. Rapid industrialization across the world is likely to push the global heat meters market. It is noticed that ultrasonic heat meters to gain major traction due to dirt restraint, high data accuracy, durability, long-term stability, and low energy consumption. Surge in demand for home automation system accompanied with effective planning and management of energy consumption is likely to increase the sales for mechanical heat meters market.

Heat Meters Market: Market Potential

One of the major player in the market, Alliant Energy has recently gained a lot criticism from its customer in the U.S due to high electricity bills. Company has said it is the hot weather which has actually raised the electric bills.

Heat Meters Market: Regional Outlook

On the basis of geography, the global heat meters market is stretched across Europe, North America, Asia Pacific, and Rest of the world. Amongst these North America is likely to hold the major share owing to the rules laid out by the U.S Department of Energy.  It is anticipated that by the end of 2024, the U.S will set past the 510 thousand units of heat meters. Norms implemented by government in European countries are likely to stimulate the growth of the market. Germany contributes the most among other European countries. It is predicted that China from the Asia Pacific is expected to see a rise in demand for heat meters market.

Heat Meters Market: Competitive Landscape

Players are focusing on the research and development to obtain more efficient product. Strategies such as merger and acquisition are be taken up my major players to extend their supplies. Some of the major companies in the market are Landsis+Gyr, Siehl, Qundis, Zenner, Secure Meters, and Siemens.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?