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Heat Meters Market Trends

Report ID: GMI2597
Published Date: Jul 2024
Report Format: PDF

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Heat Meters Market Trends

Rapid technological advancements along with the ongoing research and development activities to introduce innovative solutions comprising IoT platforms will stimulate the heat meters industry growth. The technology allows heat meters to become "smart," providing real-time data, remote monitoring, and improved energy efficiency. Surging investments pertaining to the development of industrial urban areas will provide immense opportunities to the leading industry players for inorganic growth ventures and expansion in the forthcoming years. Moreover, ongoing implementation of such devices in heat meters is bound to make energy consumption reading simpler and more efficient, thereby driving the product penetration.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Global industry size for heat meters was valued at USD 3.28 billion in 2023 and is anticipated to register 5.3% CAGR between 2024 and 2032 due to the extreme climatic conditions and rapid urbanization and industrialization.

The ultrasonic segment in the heat meters market is anticipated to grow at USD 3.62 billion by 2032 on account of their accuracy, reliability and non-invasive measurement capabilities.

Asia Pacific market is anticipated to reach USD 2.61 billion by 2032 on account of favorable regulatory reforms and expanding heating network across China, Japan, and South Korea.

Apator S.A., Axioma Metering, BMETERS Srl, Diehl Stiftung & Co. KG, Danfoss, Huizhong Instrumentation Co., Ltd., Honeywell International Inc., ista Energy Solutions Limited, Itron Inc., and Kamstrup, among others.