Vortex Heat Meters Market
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The global vortex heat meters market size was valued at more than USD 630.4 million in 2023 and is anticipated to grow at a CAGR of over 6.5% through 2032. Vortex heat meters are devices that measure the amount of heat energy present in a fluid like steam or water by applying the principle of vortex shedding. These types of heat meters employ a sensor which helps in detecting the vortices caused by the flow of the fluid. Increasing need for complex flow measuring tools and growing need for the same in industries like power generation, food & beverages and even chemicals will boost the industry scenario.
Increase in the district heating systems across economies along with the integration of the meters with smart metering systems will boost the market growth. 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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Vortex Heat Meters Market size in 2023: | USD 630.4 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 6.5 |
| 2023 Value Projection: | USD 1.09 Billion |
| Historical Data for: | 2019 to 2022 |
| No of Pages: | 100 |
| Tables, Charts & Figures: | 316 |
| Segments Covered: | Technology, Application and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Businesses and utilities searching for more accurate ways of determining and controlling energy usage in conjunction with the subsidies, and rules regarding the use of heat meters will help the market growth. For instance, the EU directives are aimed at enhancing the energy effectiveness of heat networks. It also seeks to enforce the use of individual meters by consumers to measure their energy consumption and encourages the provision of competitive prices for electricity. Thereby, key features such as accuracy and efficiency of measuring thermal energy consumption will further complement the business growth.
The mechanical vortex heat meters industry will grow at a rate of over CAGR 10.5% through 2032, due to its simple construction and low maintenance in line with the increasing demand for cost including effective metering solutions. The improvement of calibration methods and sensor technologies is also setting the industry up for more accurate devices. Furthermore, excellent compatibility of mechanical vortex heat meters with the traditional metering and the increasing attempts of industry players to reduce the costs of manufacturing will sway the business statistics.
Based on application, the residential vortex heat meters market size cross USD 302.9 million by 2032. Evolving consumer preferences for more visually appealing and spacious metering solutions, increasing market for sustainable home building and operation, and added sensors for better diagnostics and performance monitoring will impact the business outlook. Additionally, the movement towards smart metering and IoT capability which allows real time data collection, distant observation, and connection with other larger industrial or building control mechanisms will drive the market growth.
Europe vortex heat meters market will grow at a CAGR of more than 6.5% through 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.
Different companies in the industry are aiming to stand out of the competition focusing on better service delivery, consulting, and service after sales. Benefits from shared resources, less redundance in operations and development, manufacturing, and distribution of vortex heat meters may lead to cost effectiveness. Furthermore, mergers and acquisitions also enable companies to improve on their product catalog by accommodating a wider range of products.
Eminent players operating in the vortex heat meters industry include:
Market, By Technology
Market, By Application
The above information has been provided for the following regions and countries:
Europe vortex heat meters industry will showcase more than 6.5% growth rate till 2032, favored by the increasing focus on energy management and cost optimization, along with upsurge in adoption of technologies that support eco-friendly practices.
Siemens, TLV CO., LTD, Schneider Electric, KOBOLD Instruments, Inc., Badger Meter Inc., Apure, Honeywell International Inc., Sino-Inst, Endress+Hauser Group, Spirax Sarco Ltd., ABB, Emerson Electric Co., Yokogawa Electric Corporation and KROHNE Group.
The market size of vortex heat meters was worth over USD 630.4 million in 2023 and is anticipated to reach USD 1.09 billion by 2032, driven by the growing demand for advanced flow measuring technologies, along with increasing requirement across applications including power generation, F&B, and chemicals.
The mechanical vortex heat meters market share will grow at a CAGR of over 10.5% through 2032, owing to the simple design and low maintenance, in line with rising demand for reliable and economical metering solutions.