Heat Meter Market worth USD 1799.64 Million by 2029: Demand-Supply, Value-Volume Analysis, Competitive Landscape, Regional Analysis | Market Dynamics
Pune, 06, Dec 2022: Maximize Market Research, a leading Engineering Equipment consultancy firm, has published the Report on the Heat Meter Market that provides global market scenarios, competition landscape, and other business activities, etc. According to an MMR analysis, the Heat Meter Market size was valued at USD 890.03 Million in 2021 and the total Insulation revenue is expected to grow by 9.2% from 2022 to 2029, reaching nearly USD 1799.64 Million. The report is a comprehensive study that also gives data and recommendations to stakeholders by providing a full analysis of main competitors, market scenarios, financial state, product portfolio, development strategies, and geographical presence in the Heat Meter Market.
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Heat Meter Market Scope and Research Methodology
The Heat Meter market report focuses on the industry’s overall dynamics, potential market, constraints, current market trends, and market restrictions, allowing users to identify business opportunities and establish market strategies to increase their global market presence. The Heat Meters market is segmented based on Type, Pipe Size, Functionality, Technology, and Region. For market estimation and forecasting, the bottom-up method is applied. Data were collected from a wide sample using both primary and secondary research approaches to validate the findings. The market’s mergers and acquisitions, strategic alliances, joint ventures, and partnerships were examined by area, investment, and strategic purpose in the study. This MMR report also includes industry recommendations based on a thorough examination of the current competitive landscape in the Heat Meter market.
Heat Meter Market Overview
A heat meter is a device that estimates the amount of energy necessary to transport hot fluids from one point to another. Thermal meters are used in the United States, whereas BTU meters are used in the Middle East and Asia. The advancement of cutting-edge technology, more public awareness, and stringent safety requirements have all contributed to the market’s expansion. Manufacturing numerous elements, such as the flow sensor, temperature sensor, and calculator, is critical in the value chain of heat meters. Because sensor accuracy directly impacts the value of the heat meter, the sensor is the most critical and sensitive component, and its manufacturing requires special attention.
Heat Meter Market Dynamics
The increased need for sub-metering, improvements in heat meter technology, and rising demand for safety features in industrial applications are expected to be the primary drivers of the Heat Meter Market during the forecast period. There are increased worries about integrating smart technology into heat metering systems in the global Heat Meter industry. Smart meters, for example, allow for two-way communication with the meter. The radio frequency (RF) technology used for smart wireless metering deployment has boosted its operating efficacy across huge geographical areas in rural areas.
The present uncertainties about heat meter accuracy when confronted with a range of installation problems have prompted research efforts to study many areas of Heat Meter accuracy. According to the IEA Sustainable Recovery Tracker’s fall 2021 edition, energy efficiency-related expenditures account for nearly two-thirds of USD 400 billion each year, and government efforts are therefore projected to mobilize with recovery measures over the following three years. This strong emphasis on sustainability has raised the demand for smart energy meters, which has resulted in the Heat Meter market’s growth opportunity.
Heat Meter Market Segmentation
By Type
- Wired
- Wireless
By Pipe Size
- 15 mm to 40 mm
- 40 mm to 80 mm
- 80 mm to 125 mm
- More than 125 mm
By Functionality
- Insertion
- In-line segments
By Technology
- Mechanical
- Ultrasonic
- Other
Heat Meter Market Regional Insights
North America led the Heat Meter Market in 2021, owing to national and international organizations, as well as national and international governments, being conscious of the need to reduce total fossil fuel usage and boost energy efficiency. The region’s market for heat meters is expected to increase favorably as a consequence of North America’s increasing usage of district energy services in recent years.
Heat Meter Market Key Competitors are:
- Diehl
- Kamstrup
- Engelman
- Schlumberger
- Itron
- Ista
- Qundis
- Zenner
- Sontex
- Trend
- Plou
- MetInfo
- Runa
- Guangdaweiy
- Haifeng
- Newtop
- Wecan
- Zhifang
- Huizhong
- Tianrui
- Suntront.
- Sensus (Xylem)
- Landis+Gyr
- Wasion Group
Key questions answered in the Heat Meter Market are:
- What is Heat Meter?
- Who are the market leaders in Heat Meter Market?
- Which is the dominating region for the Heat Meter market at the end of the forecast period?
- What are the key growth drivers for the Heat Meter market during the forecast period?
- How key leaders should build their business strategies to maintain their presence in the global Heat Meter market?
- What is the growth rate of the Heat Meter Market during the forecast period?
- What is the nature of competition in the Heat Meter Market industry in developed economies and developing economies?
- Who are the key players in Heat Meter Market?
- What is the demand and supply scenario for the Heat Meter market?
- What are the factors negatively affecting growth in Heat Meter Market?
- Who held the largest market share in Heat Meter Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Pipe Size, Functionality, Technology, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading Engineering Equipment research firm, has also published the following reports:
Spiral Heat Meter Market: The Spiral Heat Meter Market is expected to reach a readjusted size of USD 837.24 Million by 2029 with an impressive 3.81% CAGR during the forecast period, from an expected value of USD 620.78 Million in 2021. The advantages that modern spiral Heat Meters have over traditional ones are key factors in the growth of the global market for welded spiral Heat Meters.
Heat Exchanger Market: The Heat Exchangers Market was valued at US$ 15.44 Billion in 2021 and the total Heat Exchangers revenue is expected to grow at 5.2% from 2022 to 2029, reaching nearly US$ 23.16 Billion. The number of renewable energy and nuclear power plants has increased significantly to secure the country’s energy self-sufficiency. The rising need for power plants is expected to boost the country’s heat exchangers market growth.
Heat Pump Market: The Heat Pump Market size was valued at USD 52.4 Billion in 2021 and the total revenue is expected to grow by 7.75% from 2022 to 2029, reaching nearly 95.4 Billion. Increasing IoT and Other Advanced Technology Integration in Heat Pump Market driving the market growth.
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