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Commercial Cooling Meters Market Trends

Report ID: GMI11500
Published Date: Sep 2024
Report Format: PDF

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Commercial Cooling Meters Market Trends

Commercial applications within district cooling networks are adopting cooling meters to monitor and bill for cooling energy consumption. This trend is particularly significant in regions like the Middle East and Asia Pacific. Furthermore, shopping malls, hospitals, office buildings, and data centers are seeing high adoption rates of cooling meters due to their high cooling demands and the potential for significant cost savings through optimized cooling system operations. Various government programs and incentives, especially in Europe and North America, are promoting the installation of energy meters, including cooling meters, in commercial applications.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of commercial cooling meters was worth over USD 859.5 million in 2023 and is anticipated to grow at a 5.8% CAGR from 2024 to 2032, due to rising usage of devices used to measure the energy consumed for cooling purposes in heating, ventilation, and air conditioning (HVAC) systems.

Commercial cooling meters market from the ultrasonic segment is set to exceed USD 920 million by 2032, as these meters have no moving parts, making them less prone to wear and tear, which results in significantly lower maintenance costs over time.

North America commercial cooling meters industry is set to exceed USD 639 million by 2032, led by ongoing integration with smart building management systems (BMS) for automated controls, real-time monitoring, and data-driven energy optimization.

Axioma Metering, BMETERS, Diehl Stiftung & Co. KG, Danfoss, Honeywell International Inc., Itron, Integra, Kamstrup, Landis+Gyr, Sontex, Schneider Electric, and Siemens.