North America Cooling Meters Market Size - By Product (Ultrasonic, Vortex), By Technology (Mechanical, Static), By Application (Residential, Commercial, Industrial), Country Outlook & Forecast, 2024 – 2032

North America Cooling Meters Market Size

North America Cooling Meters Market was valued at USD 479.9 million in 2023 and is anticipated to grow at a CAGR of 5.3% from 2024 to 2032. Cooling Meters is a device used to measure the amount of thermal energy used for cooling in HVAC (Heating, Ventilation, and Air Conditioning) systems, particularly in buildings or district cooling networks. It calculates the energy consumption by measuring the temperature difference between the supply and return flows of a cooling system and the volume of fluid passing through the system.
 

Ongoing push for energy efficiency, particularly in large commercial buildings and industrial facilities, is driving the adoption of cooling meters. North American regulations, like those from the U.S. Department of Energy (DOE) and Canada's Energy Efficiency Act, encourage metering to improve building performance which will stimulate the industry dynamics. Furthermore, rapid urbanization, particularly in large metropolitan areas, is boosting demand for HVAC systems will accelerate the industry dynamics.
 

Ongoing move towards smart grid technologies along with rising integrated into Building Management Systems (BMS), enabling real-time energy monitoring, fault detection, and optimized performance will positively impact the industry statistics. Ongoing expansion of the district cooling systems will complement the product penetration. These systems often employ cooling meters to track and allocate energy usage, particularly in cities where infrastructure investments are being made. Furthermore, key industry players are focused on sustainability and reducing their carbon footprint, thereby contributing to the business dynamics.
 

North America Cooling Meters Market Trends

Shifting focus on minimizing energy production costs will encourage consumers to opt for advanced energy metering solutions leading to accurate consumption and billing management, driving the business scenario. Growing emphasis on individualized and automated billing adoption will augment the use of smart cooling meters. However, key challenges associated with accuracy, long-term stability, and device protection in hot and humid environment might hamper industry expansion to some extent. Furthermore, introduction of innovative meters that offer high immunity against extreme weather conditions and enhanced performance will create lucrative business prospects.
 

North America Cooling Meters Market Analysis

Based on product, the vortex segment is anticipated to cross more than USD 127.9 million by 2032, owing to key advantages comprising eliminating the need for an electric power supply, among others. The cooling meters are further utilized for switch cabinet cooling, convective cooling of high-speed tools, and the air conditioning of protective suits thereby, augmenting the product demand. In addition, shift in preference for advanced cooling equipment offering data monitoring in real-time to reduce energy bills will propel the meters sales in the coming times.
 

Based on technology, the mechanical is likely to exceed USD 200 million by 2032, primarily in cost sensitive applications including residential and small commercial projects. Utilization in in older buildings or legacy systems that may not require high levels of accuracy or frequent data monitoring on account of easy integration will boost the business scenario. Moreover, growing compliance to energy efficiency measures will significantly fuel the industry statistics.
 

Based on application, the market is segmented into residential, commercial and industrial. Strong focus on mitigating the carbon footprint, growing demand for precise renewable energy monitoring solutions along with introduction of government initiatives comprising the Federal Building Performance standard will drive the business scenario. Additionally, growing adoption of advanced metering solutions in small commercial establishments will complement the business landscape.
 

The U.S. cooling meters market is set to reach USD 415 million by 2032, driven by a combination of regulatory, technological, and market factors aimed at improving energy efficiency and reducing cooling costs. Rising sustainability initiatives, with businesses and building owners increasingly aiming to meet energy efficiency standards set by entities including the U.S. Department of Energy (DOE) will stimulate the industry statistics. The availability of low cost and low carbon electricity in line with strategic alliances among the emerging nations will positively impact the industry growth. In addition, significant adoption in large commercial buildings and industrial facilities, where HVAC systems account for a significant portion of energy use across the economy will strengthen the business landscape.
 

North America Cooling Meters Market Share

Strategic collaborations and product reach expansions are some of the key initiatives being undertaken by these companies to strengthen their presence in the global market. Partnerships between the manufacturers and third-party distributors and end users are common to accelerate the adoption of cooling meters. In addition, growing awareness about energy consumption optimization and energy bill reduction will assert a positive influence on the regional industry share.
 

North America Cooling Meters Market Companies

Eminent players operating in the North America cooling meters industry are:

• Badger Meter, Inc.
• Danfoss
• Diehl Stiftung & Co. KG
• Honeywell International Inc.
• Itron Inc.
• Kamstrup
• Landis+Gyr
• QMC Metering Solutions
• Siemens
• Schneider Electric
• Xylem
   

North America Cooling Meters Industry News

• Xylem Inc. introduced a new residential meter with progressed grid edge abilities. The new Stratus IQ™ meter from Sensus, a Xylem brand, is getting the grid to next level smart. Further, its enlarged data set and robust processor will enable utilities to pull more system diagnostics, providing them with a powerful health check of their distribution system and addressing concerns about electricity usage.
   
• ZENNER International GmbH and Minol ZENNER Connect, have been working in partnership within the Minol-ZENNER-Group to digitalize the energy conversion. Further, the companies with given energy suppliers, municipal utilities, municipalities, and the housing industry will provide the end users with an all-inclusive infrastructure.
   

This North America Cooling Meters market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “USD Million & ‘000 Units” from 2021 to 2032, for the following segments:

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Market, By Product

• Ultrasonic
• Vortex
• Others

Market, By Technology

• Mechanical
• Static

Market, By Application

• Residential
• Commercial
• Industrial

The above information has been provided for the following countries:

• U.S.
• Canada