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Heat Meter Market by Type, Connectivity, End-User Region - Global Forecast to 2023

Heat Meter Market: Global Forecast until 2023

  • October 2018
  • 120 pages
  • ID: 5588815
In this report:
ACCORDING TO EUROSTAT, IN 2017, RENEWABLE ENERGY SOURCES ACCOUNTED FOR ##%-##% OF THE TOTAL ENERGY CONSUMED IN HEATING AND COOLING.
SIEMENS OFFERS HEAT METERS THROUGH ITS BUILDING TECHNOLOGIES BUSINESS SEGMENT, WHICH ACCOUNTED FOR ##.##% OF THE TOTAL NET SALES IN 2017.
THE HEAT METER MARKET IN THE MIDDLE EAST, BY END-USER SEGMENT, WAS VALUED AT USD ##.## MILLION IN 2017 AND IS PROJECTED TO REACH USD ##.## MILLION BY 2023, AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.

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The overall heat meter market is estimated to rise at a compound annual growth rate of ~7.5 percent, from 2018 to 2023.

The overall heat meter market is estimated to grow $1218.90M by 2023, from an estimated $849.10M in 2018, at a compound annual growth rate (CAGR) of ~7.5 percent. This increase can be accredited to Elements such as requirement for accurate measurement of heat consumption, legislative mandate to install heat meters, and rised savings through heat conservation. Nevertheless, growing competition from alternative heating technologies and capital cost combined with heat meter operations could act as business restraints for the sector.

The Static segment is anticipated to be the quickest increasing industry from 2018 to 2023.

The static segment held the largest portion of market share in 2017 and is projected to be the fastest-growing segment during the estimate period.Static meters use fluidic oscillator principle for providing reliable flow and energy readings.

Static meters are available in a wide range of flow rates, which are used in building technology and automation and in district heating.

The Wired heat meters segment is anticipated to be the largest industry from 2018 to 2023.

The wired heat meters segment is intended to hold the largest part of market share during the outlook period as a result of the increased adoption of wired meters in poor connectivity areas where residential dwellings are connected with district heating.The Asia Pacific market is forecasted to hold the biggest market for wired heat meters with quick adoption in countries including China (CN) and Japan (JP).

Europe area is forecast to be the quickest growing sector for wired connection during the estimate period.

Increasing district heating connectivity is predicted to push the residential segment market between 2018 and 2023.

The residential heat meter segment held the biggest market share in 2017 and is forecasted to be the fastest-growing segment during the outlook period.These heat meters have witnessed a important scale adoption in the residential market, which comprises big multifamily buildings, luxury apartments, and single-family homes.

Rising consumer awareness and increasing installation of heat meter have empowered residents to have control over their energy consumption.

Europe (EU): The quickest increasing sector for heat meter market

The European area is forecast to be the second biggest market for heat meters by 2023 and is expected to grow at the more important Compound annual growth rate of ~8.2 percent during the forecast period. The heat meters market in this area is mainly influenced by the growing focus on improving energy efficiency for ensuring secured energy supply, increase in demand for space cooling systems, and the mandates for the reduction of GHG emissions. Targets set by the EU to accomplish EU's 20-20-20 goals (20.0 percent growth in energy efficiency, 20.0 percent reduction of CO2 emissions, and 20.0 percent renewables by 2020) are expected rise heat meter installation in respective user premises.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 60.0 percent, Tier 2 27.0 percent, and Tier 3 13.0 percent

• By Description: C-Level- 35.0 percent, Director Level- 25.0 percent, and Others- 40.0 percent

• By Area: North America (NA)- 11.0 percent, EU- 44.0 percent, Asia Pacific- 32.0 percent, Middle East- 8.0 percent, and South America- 5.0 percent

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The 1/3 of the companies, the tiers of the corporations is defined on the basis of their final revenue as of 2017. Tier n1: $1.0B, Tier 2: From $1.0B to $500.0M, and Tier 3:

The overall heat meters market is leaded by, is monopolized by a few main actors that have a wide regional presence. The key players in heat meters market are Siemens, Diehl, Danfoss, Kamstrup, and Wasion Group.

Segment Research

The market research defines, depicts, and forecasts the overall heat meters, by category, connectivity, end-user and area.It also provides a in-depth qualitative and quantitative analysis of the market.

The industry report offers a comprehensive review of the main market drivers, industry restraints, possibilities, and opportunities.It also includes different important aspects of the market.

These include an review of the competitive landscape, market forces, industry estimates in terms of value importance, and next trends in the heat meters market.

Why acquire this industry report?

1. The study determines and addresses main markets for heat meters, which would help manufacturers review the rise in demand.

2. The analysis benefits system providers distinguish the pulse of the sector and offers business insights into drivers, market restraints, alternatives, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making better strategic decisions.

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