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Commercial Heat Meters Market Trends

Report ID: GMI11586
Published Date: Sep 2024
Report Format: PDF

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Commercial Heat Meters Market Trends

The demand for heating meters is surging, driven by the growing adoption of smart meters. These smart meters, equipped with remote reading capabilities, enable real-time monitoring of heat consumption. This advancement not only diminishes the reliance on manual meter readings but also boosts operational efficiency. Furthermore, as companies increasingly pursue green building certifications such as LEED and BREEAM, heating meters have emerged as pivotal components of their sustainability strategies. In fact, numerous commercial developers are integrating heat meters into new constructions, aligning with green building designs. This integration not only bolsters the energy efficiency of the buildings but also enhances their long-term value.

Authors: Ankit Gupta , Vishal Saini

Frequently Asked Questions (FAQ) :

The industry size for commercial heat meters was valued at USD 1.4 billion in 2023 and is projected to grow at a 5.2% CAGR from 2024 to 2032, driven by the need for accurate thermal energy measurement in buildings.

The ultrasonic heat meters segment is expected to exceed USD 1.5 billion by 2023 due to their high accuracy, reliability, and long lifespan compared to mechanical meters.

The office buildings segment is projected to grow at a CAGR of over 5% by 2032, driven by regulatory requirements, energy efficiency goals, and cost-saving measures.

Key players include Apator, Axioma Metering, BMETERS, Diehl Stiftung & Co. KG, Danfoss, Huizhong Instrumentation, Honeywell International, ista Energy Solutions Limited, Itron, Kamstrup, and Landis+Gyr.