Vortex Heat Meters Market Size - By Technology (Mechanical, Static), By Application (Residential, Commercial, Industrial), & Forecast, 2024 – 2032

Vortex Heat Meters Market Size

Vortex Heat Meters Market was valued at USD 630.4 million in 2023 and is likely to showcase CAGR of 6.5% between 2024 and 2032, propelled by the growing demand for advanced flow measuring technologies along with increasing requirement across applications including power generation, food & beverage and chemicals among other will drive the business scenario.
 

Growth of district heating infrastructure, especially in urban areas along with increasing integration of these meters into smart metering and building management systems will stimulate the business landscape. Ongoing advancements in sensor technology, including improvements in vortex sensor design and materials in line with increasing regulatory requirements related to energy efficiency and accurate billing will augment the market dynamics.
 

COVID- 19 Impact

The COVID-19 pandemic led to global disruption impacting the supply chains worldwide, affecting the production and availability of components used across the HVAC industry. Restrictions on movement and social distancing measures impacted construction and installation activities. Projects related to heating and cooling systems, where heat meters are often installed, may have been delayed or postponed. However, growing emphasis on energy efficiency coupled with shifting focus on sustainable and environmentally friendly heating solutions, will stimulate the industry landscape.
 

Vortex Heat Meters Market Trends

Businesses and utilities seeking for more precise methods to measure and manage energy consumption in conjunction with incentives, subsidies, and regulations encouraging the use of heat meters will boost the market growth. For instance, the EU directives aim to increase the energy efficiency of heat networks. It ensures to mandate the deployment of individual meters by consumers for monitoring energy consumption and providing competitive energy prices. Thereby, key features including accuracy and efficiency in measuring thermal energy consumption will further complement the business growth.
 

Vortex Heat Meters Market Analysis

The mechanical vortex heat meters industry will register around 10.5% growth rate till 2032, owing to their simple design and low maintenance in line with rising demand for reliable and economical metering solutions will proliferate the business demand. Ongoing advancements in calibration techniques and sensor technologies contribute to improved accuracy. In addition, excellent compatibility of mechanical vortex heat meters with traditional metering aligned with rising efforts of industry players to reduce manufacturing costs will sway the business landscape.
 

The residential vortex heat meters market size is estimated to reach USD 302.9 million by 2032. Rising trend of sustainable practices in home construction and operation, incorporation of additional sensors for improved diagnostics and performance monitoring in line with shifting consumer preference for spacious and aesthetically pleasing metering solutions will influence the business outlook. Moreover, trend towards smart metering and the Internet of Things (IoT) involving real-time data collection, remote monitoring, and the ability to integrate with broader building or industrial control systems will further accelerate the industry growth.
 

Europe vortex heat meters market is projected to expand at around 6.5% CAGR from 2024 to 2032. Increasing focus on energy management and cost optimization along with upsurge in adoption of technologies that support eco-friendly practices will enhance the business scenario. Investments in renewable energy projects coupled with rising construction of green and energy-efficient buildings across the region will propel to industry demand. For instance, in September 2023, World Green Building Council announced that EU has targeted to upgrade 35 million homes by the end of the decade and make it mandatory for all new buildings to be Zero Emissions by 2028.
 

Vortex Heat Meters Market Share

There are various companies operating in the industry aiming to differentiate themselves by focusing on consulting, service delivery, and better after-sales services. Shared resources, streamlined operations, and reduced duplication of efforts can contribute to overall cost-effectiveness in the development, manufacturing, and distribution of vortex heat meters. In addition, mergers and acquisitions enable companies to enhance their product portfolios by incorporating a broader range of offerings.

Vortex Heat Meters Market Companies

Eminent players operating in the vortex heat meters industry include:

• Siemens
• Schneider Electric
• Badger Meter Inc.
• Honeywell International Inc.
• Endress+Hauser Group
• ABB
• Yokogawa Electric Corporation
• KROHNE Group
• Emerson Electric Co.
• Spirax Sarco Ltd.
• Sino-Inst
• Apure
• KOBOLD Instruments, Inc.
• TLV CO., LTD.
   

Vortex Heat Meters Industry News

• In September 2022, Axioma Metering invested USD 42.66 million in the construction of a new facility in Kaunas Free Economic Zone (FEZ). The plant will be operational in 2024 with four new production lines, enabling the production of over 4 million smart meters annually. The company aims to stabilize supply chain and interrupted orders of smart heat & water meters in the market. The company’s strategic investment strengthened its product portfolio across the industry.
   
• In September 2021, Axioma Metering launched composite flow parts of the heat & water meter bodies. The robust heat & water meter flow body parts offered advantages including high durability, low weight, and low costs. The launch of this cost-efficient material contributed to the goal of sustainable environment and set a new standard across the metering industry.
   

This vortex heat meters market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘‘000 Units & USD Million’ from 2024 to 2032 for the following segments:

Click here to Buy Section of this Report

Market, By Technology

• Mechanical
• Static

Market, By Application

• Residential
• Commercial
• College/university
• Office buildings
• Government buildings
• Others 
• Industrial

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Eurpe
  • Germany
  • Poland
  • Sweden
  • Denmark
  • Finland
  • Russia
  • Italy
  • UK
  • Norway
  • Czech Republic
  • Estonia
  • Latvia
  • Lithuania
  • Switzerland
  • Austria
  • Spain
• Asia Pacific
  • China
  • Japan
  • South Korea
• Rest of World