MRFR has a newly added “Global Heat Meter Market Report” that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.
Market Research Future (MRFR)
has recently published a comprehensive report on the global heat meter,
outlining the key trend and patterns that can impact the market growth over the
forecast period of 2018-2023. MRFR's analysis has predicted a CAGR of 7.25%
over the forecast period.
Heat
meter is a device which measures the consumed or transmitted heat energy. The
major component of heat meter consists of flow meter, heat carrier input and
output temperature sensors and an electronic calculator. By implementing a heat
meter, the end-user only pays for heat consumed. Hence, given the flow and
temperature data, the meter can calculate the amount of heat consumed by a
commercial or residential building. There are also certain legislative
and regulatory framework needed for installation of heat
meter. Residential segment is estimated to dominate the heat meter market
during the forecast period.
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Free Sample Copy of Heat Meter Market Report at: https://www.marketresearchfuture.com/sample_request/6979
Heat meter is a measuring device which
measures thermal energy provided by a source by measuring the flow rate of the
heat transfer fluid. It is ideally used in plants for measuring boiler output.
It is also used to measure the heat or cooling output of a heating boiler and
chiller unit respectively. The major function of a heat meter is to provide a
data needed for billing and optimization.
The growing demand for Heat meter market
is attributed to the need for savings through heat conversion and mandates
required to install heat meter. Also, accurate measurement of heat consumption
is driving the market for heat meters. One of the major restraints for the
global heat meter market is cost associated with heat meters.
Key Players:
The key players of the global
heat meter market are Diehl (Germany), Danfoss (Denmark), Landis+Gyr
(Switzerland), Itron (US), Honeywell Elster (US), Kamstrup (Denmark), Zenner
(US), Sontex (Switzerland), Qundis (Germany), and Siemens AG (Germany).
Global Heat Meter Market
Segmentation:
The heat meter market has been
segmented based on type, connectivity, and end user.
By Type
- Mechanical Heat Meter
- Static Heat Meter
By Connectivity
- Wired
- Wireless
By End-User
- Residential
- Commercial
- Industrial
- Others
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Heat Meter Regional
Market Analysis:
Region-wise, the heat meter
market has been segmented into North America, the Middle East & Africa
(MEA), South America, Europe, and Asia Pacific (APAC).
The APAC region is witnessing
rapid progress in terms of manufacturing activity, which has increased energy
requirements. Mounting focus on energy conservation in the region has augmented
the demand for heat meters. Moreover, various regulations pertaining to energy
conservation exercised in the region has favored market growth. The APAC market
captured the largest market share in 2017 and is anticipated to retain its lead
throughout the assessment period.
North America has secured the
second spot in the heat meter market. Enactment of various energy conservation
programs which encourage the adoption of heat meters has been instrumental in
the expansion of the market.
Europe heat meter market is
driven by supportive regulations and energy conservation efforts. Various
regulations which mandate the replacement of old heat meters are likely to
affect the market growth positively. Investment in heat meter projects in the
MEA region is likely to boost its growth over the forecast period.
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About Market Research Future:
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Market Research Future (MRFR), we enable our customers to unravel the complexity
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