Static Heat Meters Market Analysis

Static Heat Meters Market Analysis

The residential application of static heat meters market accounted for over USD 173.5 million by 2032. Stringent government regulations requiring the installation of heat units throughout apartment buildings, combined with the use of low-cost sub-metering equipment, will stimulate product penetration. The resilient design of heat meters couple with cost-effective solutions based on intelligent heating infrastructure, will enhance the business dynamics. In addition, efficient heat consumption pattern planning and measurement combined with continuing requirements for heat monitoring with customized billing systems, will augment industry outlook.

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Growing demand for large-scale heating system use, along with rigorous GHG emission reduction standards, will fuel the industry outlook. For instance, in December 2014, the Secretary of State of Europe implemented the Heat Network (Metering and Billing) Regulations 2014. The purpose of these regulations was to boost energy efficiency & reduce CO₂ emissions from heating/cooling appliances. Moreover, consumer preference for customized billing systems, optimized energy use, and low costs will impact static heat meters market.

The industrial heat meters market will expand owing to rapid industrialization and greater investment in research and development to produce better heat management solutions. Robust structure, steady functioning, and a boom in the demand for real-time data monitoring of heat utilized will contribute to product penetration. Furthermore, the paradigm shift towards replacing traditional heating systems, in conjunction with rigorous government mandates for the adoption of renewable energy systems, will drive product demand.

North America static heat meters market is estimated to register about 7% through 2032. Government standards and policies in the region along with greater investment on the expansion and implementation of smart heating systems, will improve the business potential. Increasing R&D activities focusing on the large-scale use of heat meters for efficient energy management will fuel industrial dynamics. Furthermore, continued regulatory restrictions regarding the use of modern heat metering systems, coupled with a greater emphasis on the development of industrial facilities, will foster the industry outlook.  The market size of Europe heat meters is likely to cross USD 1.3 billion by 2030.