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Vortex Heat Meters Market Trends

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

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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.

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.