Global Heat Meter Market to 2023 with Siemens, Diehl, Danfoss, Kamstrup and Wasion Group Dominating

Date

10/14/2018 8:47:37 PM

(MENAFNEditorial)

DUBLIN, Oct. 12, 2018 /PRNewswire/ --

The "Heat Meter Market by Type (Mechanical (Multi-Jet, Turbine), Static (Electromagnetic, Ultrasonic)), Connectivity (Wired, Wireless), End-User (Residential, Commercial & Public, Industrial) Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global heat meters market is projected to reach USD 1,218.9 million by 2023 from an estimated USD 849.1 million in 2018, at a CAGR of 7.50%.

This growth can be attributed to factors such as the requirement for the accurate measurement of heat consumption, the legislative mandate to install heat meters, and increased savings through heat conservation.The heat meters market, by type, is segmented into mechanical and static. The static heat meter segment held the largest market share in 2017 and is projected to grow at the highest CAGR during the forecast period. Static meters are available in a wide range of flow rates, which are used in building technology and automation and in district heating. Furthermore, static meters use a fluidic oscillator principle for providing reliable flow and energy readings.The report segments the heat meters market, by connectivity, into wired connections and wireless connections. The wired heat meter segment is expected to hold the largest market share during the forecast period. The trend is expected to change soon with the growing awareness about wireless connection.The report segments the heat meters market, by end-user, into residential, commercial & public, and industrial. Residential heat meters segment held the largest market share in 2017 and is projected to grow at the highest CAGR during the forecast period. Increasing consumer awareness and growing installation of heat meter have empowered residents to have control over their energy consumption. Residential heat meters have witnessed a large-scale adoption in the residential sector, which includes large multifamily buildings, luxury apartments, and single-family homes.The Asia Pacific region is estimated to be the largest heat meter market from 2018 to 2023. The increase in construction activities and change in climatic conditions offer high growth opportunities for the heat meter market in this region. Furthermore, rapid urbanization in China has raised the demand for thermal comfort, which is likely to drive the heat meter market. These factors have made China one of the most lucrative markets for heat meter manufacturers.The capital cost associated with heat meters and the increasing competition from alternative heat sources could act as restraints for the heat meter industry. Consumers with centralized heating systems are increasingly in favour of heat meters but often cannot afford them. It is also observed that in some cases, district heating service providers are reluctant to bear the cost of heat meters as it further adds to their operational expenses. The growth in other alternatives such as renewable heat technologies, which have several policy supports and legislative incentives, is expected to weaken the need for heat meter installation.The global heat meter market is dominated by a few major players that have a wide regional presence. The leading players in the heat meters market are Siemens (Germany), Diehl (Germany), Danfoss (Denmark), Kamstrup (Denmark), and Wasion Group (China). New product development was the most commonly adopted strategy by the top players. This was followed by investments & expansions and contracts & agreements.

Key Topics Covered:

1 Introduction2 Research Methodology3 Executive Summary4 Premium Insights4.1 Attractive Opportunities in the Heat Meter Market During the Forecast Period4.2 Heat Meter Market, By Country4.3 Asia Pacific Heat Meter Market, By End-User & Country4.4 Heat Meter Market, By Type4.5 Heat Meter Market, By Connectivity4.6 Heat Meter Market, By End-User5 Market Overview5.1 Introduction5.2 Market Dynamics5.3 Drivers5.3.1 Mandatory Legislative Requirement to Install Heat Meters5.3.2 Accurate Measurement of Heat Consumption5.3.3 Increased Savings Through Heat Conservation5.4 Restraints5.4.1 Increasing Competition From Alternative Heat Sources5.4.2 Capital Cost Associated With Heat Meters5.5 Opportunities5.5.1 Rise in Development of District Heating Infrastructure5.5.2 Mandatory Heat Meter Installment in Old Building Renovation Projects5.6 Challenges5.6.1 Technical Challenge of Installation in Old Dwellings5.6.2 Rise of Energy-Efficient Infrastructure and Zero Energy Buildings6 Heat Meter Market, By Type6.1 Introduction6.2 Mechanical Heat Meter6.2.1 Multi-Jet Meter6.2.2 Turbine Meter6.3 Static Heat Meter6.3.1 Electromagnetic Meter6.3.2 Ultrasonic Meter7 Heat Meter Market, By Connectivity7.1 Introduction7.2 Wired Connection7.3 Wireless Connection8 Heat Meter Market, By End-User8.1 Introduction8.2 Residential8.3 Commercial & Public8.4 Industrial9 Heat Meter Market, By Region10 Competitive Landscape10.1 Overview10.2 Ranking of Players and Industry Concentration, 201710.3 Competitive Scenario10.3.1 Contracts & Agreements, 2015-201810.3.2 New Product Developments, 2015-201810.3.3 Investments & Expansions, 2015-201810.3.4 Mergers & Acquisitions, 2015-201810.3.5 Partnerships, 2015-201810.3.6 Collaborations, 2015-201811 Company Profiles

Danfoss
Diehl
Elster
Engelmann
Ista
Itron
Kamstrup
Landis+Gyr
Qundis
Sensus (Xylem)
Siemens
Sontex
Wasion Group
Zenner

For more information about this report visit https://www.researchandmarkets.com/research/5swlwx/global_heat_meter?w=5

Media Contact:

Research and Markets Laura Wood, Senior Manager For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets