Heat Meters Market size worth $4 Bn by 2030

Heat Meters Market size is projected to cross USD 4 billion by 2030, according to a new research report by Global Market Insights Inc.
 

Implementing stringent regulations for efficient heat management and the rise of building and construction activities have been identified as the prominent drivers of the heat meters industry expansion. The report also indicates the growing acceptance of renewable energy systems to curb carbon emissions, among other prominent trends bolstering the business outlook.
 

A favorable regulatory scenario and carbon emission targets will generate opportunities for the growth of the heat meters industry. Consumers are gaining awareness regarding the availability of cost-effective energy metering systems. The rising implementation of clean energy directives has also been witnessed, which will further bolster the need for heat meters.
 

Construction activities to push the demand for vortex heat meters

The escalating investment in advanced energy management technologies will accelerate the growth of the vortex segment, which is set to register a revenue of more than USD 3 billion by 2030. Building owners are increasingly targeting the enhancement of building infrastructure facilities and adopting renewable substitutes. With rapid industrialization and construction activities, the demand for vortex heat meters will increase considerably.
 

Browse key industry insights spread across 320 pages with 541 market data tables & 33 figures & charts from the report, “Heat Meters Market Size By Product {Ultrasonic, Vortex}, By Technology (Mechanical, Static), By Application (Residential, Commercial {College/University, Office Buildings, Government Buildings}, Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/heat-meters-market
 

Green construction trends to augment mechanical technology segment growth

The mechanical segment will depict a growth rate of around 3% by 2030, given its capability to deliver customized billing methods for accurate measurement of heat consumption levels in real-time. The popularity of mechanical technology in the market will further increase, considering the high spending on green buildings and the strong demand for decentralized heat-generating systems.
 

Strict regulatory norms to increase industry share from the residential segment

The residential segment is anticipated to reach over USD 1 billion by 2030. Residential consumers are focusing on efficient planning and measurement of heat consumption patterns. This factor has led to the strong demand for heat monitors with individualized billing systems. Strict government regulations are also likely to boost the installation of efficient heat units across building apartments.
 

North America to emerge as a vital revenue pocket

The North America heat meters market size will be valued at USD 120 billion by 2030 due to the strict regulations associated with the adoption of innovative heat metering systems. Several research and development activities on the development of efficient energy management systems have also been initiated, making the region a prominent hub for heat meters manufacturers.
 

Business expansion to remain a key growth strategy among key players

Some of the prominent companies profiled in the heat meters industry report include BMETERS, Diehl, Kamstrup, Siemens, Sontex, ista Energy Solutions, Apator, Secure Meters, Micronics, Zenner International, Landis+Gyr, Axioma Metering, and Danfoss, among others. The competitive landscape of the market is expected to witness a series of product developments and business expansions by industry participants. For Instance, in December 2021, Apator’s subsidiary, Apator Powogaz SA, signed a contract with an associated company, AO Teplovodomer. This framework contract was signed to supply heat meters, heating cost allocators, and water meters to AO Teplovodomer.