A heat meter is a device which measures the thermal energy provided by a source or distributed to a sink. It consists of heat carrier input & output temperature sensors, flow meter, and an electronic calculator. After setting up of heat meters, end-users have to pay only for heat consumed by them. It helps to measuring the flow rate of heat transfer fluid and modification in its temperature between outflow and return back of the system. It is used to calculate heat energy distributed through a centralized or district community heating scheme. The key features are included high durability, data accuracy, low energy consumption, cost saving and long-term stability.
According to study, “Global Heat Meter Market Size study, by Type (Mechanical Heat Meter and Static Heat Meter), by Connectivity (Wireless Connection and Wired Connection), by End-User (Residential, Industrial, Commercial & Public) and Regional Forecasts 2018-2025” the key companies operating in the global heat meter market are Siemens AG, Landis+Gyr, Danfoss Group, Diehl Stiftung & Co. KG, Wasion Group, Elster, Kamstrup A/S, Engelmann, Sontex, Ista, Sensus (Xylem), Qundis, Zenner, Weihai Ploumeter Co., Ltd., Techem, Secure Meters Ltd., WECAN Precision Instruments Co., Ltd., Qundis, MWA Technology Ltd., Quadlogic Meters Canada Inc., Itron, Micronics Ltd., Axioma Metering UAB, Huizhong Instrumentation Co. Ltd., Apator S.A.
Based on type, heat meter market is segmented into static heat meter, vortex heat meter and mechanical heat meter. Static heat meter segment is further sub-segmented into ultrasound meter and electromagnetic meter. Mechanical heat meter segment is further sub-segmented into turbine meter and multi-jet meter. Based on connectivity, market is segmented into wireless connection and wired connection. Based on technology, market is segmented into ultrasonic, mechanical, and electromagnetic. In addition, based in end-user, market is segmented into commercial & public, residential, industrial and others. Commercial & public segment is further sub segmented into college/university, office buildings and government buildings. Additionally, industrial segment is further sub-segmented into refinery, pulp & paper, chemical and others.
The heat meter market is driven by accurate measurement of heat consumption, followed by mandatory legislative requirement to install heat meters, rise in focus toward reducing cost & energy efficiency, increase in number of government policies & guidelines for utilities for metering, growth in investments toward expansion of service sector and increase in savings through heat conservation. However, capital cost associated with heat meters and increase in competition from alternative heat sources may impact the market. Moreover, mandatory heat meter installment in old building renovation projects and rise in development of district heating infrastructure are key opportunities for market.
Based on geography, the North-American region holds major share in heat meter market owing to rapidly rise in demand of heat meters in the region. European region also contributes a reasonable growth due to regulations executed for installation of heat meters. Additionally, Asian-Pacific region is expected to witness higher growth rate caused by increase in environmental concerns regarding carbon emissions in developing countries such as China, India, and Japan over the forecast period. It is anticipated that the market will be reached at US $1416.5 billion by 2025.
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Ankur Gupta, Head Marketing & Communications