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Residential Cooling Meters Market Share

Report ID: GMI11654
Published Date: Oct 2024
Report Format: PDF

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Residential Cooling Meters Market Share

Residential Cooling Meters Company Market Share

The competitive landscape in the residential cooling meters industry is shaped by several key players, each vying for a share of the growing demand for efficient energy and cooling management systems in homes. Established companies are increasingly focusing on expanding their smart meter portfolios to remain competitive while new entrants leverage cost-effectiveness and technological advancements to gain market share. Companies like BMETERS Srl, Axioma Metering, and Kamstrup have a strong foothold in the European market, where stringent energy regulations and growing environmental awareness are driving the adoption of smart cooling meters.

Companies like Secure Meters and Landis+Gyr focus on these advanced functionalities. With many new players entering the market, pricing is becoming more competitive, particularly in emerging markets like the Asia Pacific region.

Residential Cooling Meters Market Companies

Eminent players operating in the residential cooling meters industry are:

Axioma Metering
BMETERS Srl
Diehl Stiftung & Co. KG
Danfoss
Honeywell International Inc.
ista Energy Solutions Limited
Kamstrup
Landis+Gyr
Schneider Electric
Sontex SA
Secure Meters Ltd.
Siemens

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for residential cooling meters was worth over USD 299.65 million in 2023 and is anticipated to grow at a CAGR of 6.3% between 2024 to 2032, due to the surging requirement for cooling solutions across hot climate regions.

The Ultrasonic cooling meters market is expected to surpass USD 346 million by 2032, attributed to their ability to deliver precise and accurate readings of cooling energy consumption.

The mechanical segment is projected to grow at a CAGR of over 6% through 2032, driven by regulatory requirements and the specific needs of residential consumers.

Middle East residential cooling meters industry is likely to exceed USD 324 million by 2032, on account of rising demand for energy efficiency, government regulations, and increased urbanization.

Some of the key players in the industry include Axioma Metering, BMETERS Srl, Diehl Stiftung & Co. KG, Danfoss, Honeywell International Inc., ista Energy Solutions Limited, Kamstrup, Landis+Gyr, Schneider Electric, Sontex SA, Secure Meters Ltd., Siemens.