Heat Meter Market Set to Reach $4.96 Billion by 2032 Understanding the 4.7% CAGR

A heat meter is a device that calculates thermal energy offered by a heat wellspring such as a boiler or heat pump or dispatched to a heat sink such as a central heating system or a hot water cylinder by calculating the current rate of the heat transfer fluid and temperature amidst the outflow and return columns of the system. It comprises a flow sensor, a pair of temperature sensors, and a calculator.
One critical driver of the heat meter market growth is the grid's intricacy, which has soared because of escalated electrical demand, contemporary directives, and the amalgamation of viable energy sources. Also, with the rise in energy intake, precise estimation and handling of heat usage have become increasingly crucial, specifically in enterprises such as domestic and commercial heating systems.

𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://www.polarismarketresearch.com/industry-analysis/heat-meter-market/request-for-sample

Fundamental Stats

• The market was valued at USD 3.28 billion in 2023 and is expected to grow to USD 4.96 billion by 2032.
• The heat meter market is anticipated to grow at a CAGR of 4.7% during the forecast period of 2024-2032.
• In 2022, North America conquered the market. The Middle East and Africa are also expected to witness a major growth rate.

Competitive Analysis
Some of the major players operating in the global market include:
• Apator S.A.
• BMETERS Srl
• Cosmic Technologies
• Danfoss
• Diehl Stiftung & Co. KG
• Grundfos
• ITRON
• Kamstrup
• Omni Instruments
• Premier Control Technologies Ltd.
• Siemens AG
• Spire Metering Technology
• Sycous Limited
• Trend Control Systems Ltd.
• Zenner International GmbH & Co. KG

𝑩𝒖𝒚 𝒕𝒉𝒊𝒔 𝑷𝒓𝒆𝒎𝒊𝒖𝒎 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝑹𝒆𝒑𝒐𝒓𝒕 @ https://www.polarismarketresearch.com/buy/3068/2
Market Segmentation

By type, static segments witnessed a sharp rise owing to their accuracy, dependability, and least sustenance requirements, rendering them perfect for implementations urging precise heat computations such as district heating arrangements and discrete building heating arrangements. Further, by connectivity, the wired segment dominated the market due to its ease of distant observing of heat meters, sanctioning productive handling, or fine-tuning without requiring a physical approach to the meters.

Polaris Market Research has segmented the heat meter market report based on type, connectivity, end use, and region:
Heat Meter, Type Outlook (Revenue - USD Billion, 2019 - 2032)
• Static
• Mechanical
Heat Meter, Connectivity Outlook (Revenue - USD Billion, 2019 - 2032)
• Wired
• Wireless
Heat Meter, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
• Residential
• Commercial
• Industrial

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 @ https://www.polarismarketresearch.com/industry-analysis/heat-meter-market

Recent Developments

• In April 2022, Kamstrup & Thvilum A/S have formed a partnership, enabling Kamstrup to expand its support for Danish utilities. Through this collaboration, utilities can enhance their decision-making by leveraging factual knowledge, a vital component in seizing digital opportunities.
• In September 2023, Itron Inc. collaborated with the Jordan Electric Power (JEPCO) to boost their digital transformation efforts. JEPCO is implementing the Itron Enterprise Edition Meter Data Management system to streamline business processes and centralize data management.

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This release was published on openPR.