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 : March, 2020 | Semiconductor & Electronics | PPT format

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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC