The report "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", The global heat meter 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 the increasing mandatory legislative
requirement to install heat meters for accurate measurement of heat
consumption.
Browse 63 market data Tables and 40 Figures spread
through 119 Pages and in-depth TOC on "Heat Meter Market - Global Forecast
to 2023"
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The residential segment is expected to hold the
largest share of heat meter market, by type, during the forecast period.
The residential segment is estimated to dominate the heat
meter market in 2018 and is projected to have the largest market share during
the forecast period. Increase in the number of residential dwellings across the
globe year on year has made a positive impact on heat meter market during the
forecast period. Residential spaces connected to district heating and cooling
networks necessarily require heat meters as it is by far the best practice for
generating energy bills based on consumption.
The wireless connection segment is expected to be the
fastest growing segment of the heat meter market, by connectivity, during the
forecast period.
The wireless connection segment accounted for the highest
CAGR during the forecast period. Growth of this segment can be attributed to
the advancement in technologies, lower cost of installation and maintenance,
higher reliability, and ease of use. Europe region is expected to witness a
high growth in wireless connection segment during the forecast period because
of the increased spending in connectivity technologies infrastructure.
Target Audience:
·
Government and Research Organizations
·
Heat Meters Manufacturers
·
Maintenance and Service Providers
·
Technology Standard Organizations, Forums,
Alliances, and Associations
Asia Pacific: The leading market for heat meter
In this report, the heat meter market has been analyzed
with respect to four regions, namely, Americas, Europe, Asia Pacific, and
Middle East & Africa. Asia Pacific is estimated to dominate the global heat
meter market in 2018 owing to the growth in district heating infrastructure,
construction activities, rise in population, and climatic change. The demand
for heat meters in Asia Pacific is growing, with about 5.5 million
installations in China in 2017.
To enable an in-depth understanding of the competitive
landscape, the report includes the profiles of some of the top players in the heat
meter market. Some of the key players Kamstrup (Denmark), Danfoss
(Denmark), Siemens (Germany), Diehl (Germany). The leading players are adopting
various strategies to increase their shares in the heat meter market.
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Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
