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Vortex Heat Meters Market Size

Report ID: GMI7843
Published Date: Jan 2024
Report Format: PDF

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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.

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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.

Vortex Heat Meters Market Report Attributes
Report Attribute	Details
Base Year:	2023
Vortex Heat Meters Market Size in 2023:	USD 630.4 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.5%
2032 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:	Increased Focus on Energy Efficiency Rising Demand for Sustainable Solutions Regulatory Compliance and Standardization
Pitfalls & Challenges:	Privacy concerns

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Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

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.

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.