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Europe Commercial Cooling Meters Market Analysis

  • Report ID: GMI11575
  • Published Date: Sep 2024
  • Report Format: PDF

Europe Commercial Cooling Meters Market Analysis

Based on product, the vortex segment is set to cross more than USD 15.5 million by 2032, due to their robustness, reliability, and accuracy in measuring the flow of liquids, gases, and steam, particularly in challenging environments. Commercial buildings with large HVAC (Heating, Ventilation, and Air Conditioning) systems, such as office towers, shopping centers, and hotels, are adopting vortex cooling meters for monitoring the efficiency of cooling water and other fluids in chilled water systems.
 

Moreover, the integration of vortex meters into smart systems allows for predictive maintenance and energy optimization in commercial buildings and industrial plants, reducing costs and improving system performance, driving the business scenario.
 

Europe Commercial Cooling Meters Market Share, By Application, 2023

Based on application, the office buildings segment is anticipated to grow at a CAGR of more than 6.5% through 2032, owing to high precision and ability to operate without moving parts, which reduces maintenance costs. Office buildings, being significant consumers of cooling energy, are increasingly incorporating advanced cooling metering systems to manage energy consumption and optimize operational efficiency. Growing adoption of smart building technologies to automate and optimize energy use and IoT-enabled meters provide remote data access and help facility managers monitor cooling loads and detect energy leaks, contributing to better energy management and cost reduction.
 

Germany Commercial Cooling Meters Market Size, 2022-2032 (USD Million)

Germany commercial cooling meters market is likely to exceed USD 4 million by 2032, driven by regulatory requirements, energy efficiency initiatives, and the increasing demand for smart building solutions. Germany’s implementation of the Energy Efficiency Directive (EED) from the European Union mandates regular and accurate measurement of energy consumption in commercial properties, strengthening the market landscape.
 

Additionally, new Building Energy Laws require the adoption of energy-saving technologies in commercial buildings, leading to an increase in the use of cooling meters to monitor and optimize energy usage. Further, companies are gradually replacing traditional mechanical meters with ultrasonic options, especially in commercial properties that are part of large-scale energy management programs, driving the business scenario.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

European market for commercial cooling meters reached USD 56.7 million in 2023 and is projected to expand at a CAGR of 6.4% through 2032, driven by the increasing demand for efficient energy consumption measurement in HVAC systems.

The vortex segment is set to reach more than USD 15.5 million by 2032, due to their robustness, reliability, and accuracy in measuring the flow of liquids, gases, and steam, particularly in challenging environments.

Germany commercial cooling meters market is likely to exceed USD 4 million by 2032, on account of regulatory requirements, energy efficiency initiatives, and the increasing demand for smart building solutions.

Some of the major players in the commercial cooling meters industry includes Axioma Metering, BMETERS, Diehl Stiftung & Co. KG, Danfoss, ista Energy Solutions, Kamstrup, Landis+Gyr, Schneider Electric, Siemens, Sontex.

Europe Commercial Cooling Meters Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 20
  • Countries covered: 8
  • Pages: 70
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