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Based on technology, the static segment is projected to surpass USD 1.3 billion by 2032, on account of high accuracy in measuring flow and energy consumption. The high precision offered is critical in commercial, industrial, and district cooling applications where even small inaccuracies can lead to significant financial losses or inefficiencies which will foster the industry growth. Moreover, the systems are more dependable and have a longer operational life compared to mechanical meters. This reliability makes them increasingly attractive to industries that require consistent and accurate data over extended periods, which will positively impact the product adoption.
Based on application, the commercial segment is set to grow at 5% CAGR through 2032. In commercial buildings, cooling often accounts for a sizable portion of energy consumption. Cooling meters provide precise data on energy usage, enabling building managers to optimize HVAC systems, reduce energy waste, and lower operational costs. Growing utilization in energy audits to identify inefficiencies in cooling systems allows for targeted improvements comprising upgrading equipment or adjusting system settings, leading to better energy performance and cost savings which will boost the industry statistics. In addition, integration of cooling meters into smart building systems will strengthen the business scenario.
North America ultrasonic cooling meters market is set to reach USD 455.5 million by 2032. Growing implementation of stringent energy efficiency regulations along with enforcement of building energy codes that mandate the use of precise energy metering, including cooling meters, in commercial and residential buildings will stimulate the industry trend. The integration of cooling meters with smart building management systems (BMS) allows for real-time monitoring, automated controls, and data-driven energy optimization will positively impact the industry growth. In addition, rise of IoT (Internet of Things) technologies in North America has accelerated the adoption of smart meters, including cooling meters will stimulate the industry landscape.