Heat Meters Market By Type (Mechanical, Static), By Connectivity (Wireless, Wired), By Application (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Heat Meters Market," The heat meter market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.

A heat meter is a device used to measure the amount of heat energy in a system. It is commonly employed in buildings to monitor the amount of thermal energy consumed for heating purposes. Heat meters typically consist of sensors to measure the temperature of the water or fluid entering and leaving a heating system, along with a flow meter to measure the volume of fluid passing through.

The rise in demand for energy efficiency is closely linked to broader efforts toward sustainability. Heat meters contribute to sustainability initiatives by enabling users to track and manage their energy usage effectively. They encourage the adoption of eco-friendly practices, reducing carbon footprints and contributing to a more sustainable future. In addition, heat meters are integral components of smart energy management systems. Increase in adoption of smart technologies in energy management relies on accurate data provided by heat meters. They enable the implementation of intelligent, data-driven solutions that optimize energy use, reduce waste, and promote efficiency. All these factors drive the demand for the heat meter.

However, the high upfront expense associated with heat meters impedes their widespread adoption. This initial cost deters investments, especially for large-scale implementations in district heating or industrial settings. For individual users or smaller businesses, the substantial initial investment might outweigh perceived benefits, impacting adoption rates. However, despite the upfront expense heat meters offer long-term benefits through energy savings, fair billing, and regulatory compliance.

The integration of heat meters with smart technologies marks a significant advancement in energy management. By leveraging interconnected systems and data analytics, smart heat meters offer real-time insights into energy consumption. They enable remote monitoring and control, empowering users to manage heating systems efficiently. Predictive maintenance algorithms help detect issues early, ensuring system reliability. Integration into smart grids allows for intelligent energy distribution and optimized usage, reducing waste. All these factors are anticipated to offer new growth opportunities in the heat meter market forecast.

The heat meter market is segmented on the basis of type, connectivity, application, and region. On the basis of type, the market is bifurcated into mechanical and static. The static type accounted for three-fourths of the global heat meter market share in 2022 and is expected to maintain its dominance during the forecast period. Static heat meters have the ability to measure heat without any moving parts. This design characteristic contributes to their reliability and durability, as there are fewer components prone to wear and tear.

On the basis of connectivity, the market is divided into wireless and wired. Wired segment accounted for less than two-thirds of the global heat meter market share in 2022 and is expected to maintain its dominance during the forecast period. As global initiatives emphasize energy efficiency and sustainability, wired heat meters are being deployed to optimize energy usage. They play a crucial role in identifying inefficiencies in heating systems, enabling consumers and businesses to make informed decisions to reduce energy consumption and carbon footprint. All these factors increase the demand for the wired heat meter during the forecast period.

On the basis of application, the market is segmented into residential, commercial, and industrial. Residential segment accounted for less than half of global heat meter market share in 2022 and is expected to maintain its dominance during the forecast period. In residential complexes or multi-family dwellings, individual heat meters allow for accurate measurement of energy consumption in each unit. This enables fair and transparent billing, ensuring that residents only pay for the energy they use. In addition, it promotes a sense of fairness among occupants and encourages energy-conscious behaviors, leading to reduced waste and more efficient use of resources.

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for less than two-fifths of the global heat meter market share in 2022 and is expected to maintain its dominance during the forecast period. The stringent building efficiency standards and regulations, driven by initiatives such as LEED certification and regional energy codes, prompt the installation of heat meters in new constructions and building retrofits. Heat meters enable compliance with these standards by providing accurate data on energy usage, promoting transparent billing, and facilitating the implementation of energy-efficient technologies and practices in buildings. All these factors are anticipated to offer new growth opportunities for the heat meters in North America during the forecast period.

Key players in the heat meter industry include: Danfoss A/S, Diehl Stiftung & Co. KG, Honeywell International Inc., Ista Energy Solutions Limited, Kamstrup, Landis+Gyr Group AG, Qundis, Sensus, Siemens AG, and Sontex SA. Apart from these major players, there are other key players in the heat meter market growth. These include Apator Group, Krohne Messtechnik GmbH, Axioma Metering, Secure Meters, Zenner, Schlumberger Limited, Itron, Bmeters Srl, Micronics Ltd, and Diehl Stiftung & Co. KG.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the heat meter market analysis from 2022 to 2032 to identify the prevailing heat meter market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the heat meter market value and segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global heat meter market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
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Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Analysis of raw material in a product (by %)
End user preferences and pain points
Industry life cycle assessment, by region
Investment Opportunities
Product Benchmarking / Product specification and applications
Product Life Cycles
Technology Trend Analysis
Go To Market Strategy
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Connectivity

Wireless
Wired

By Application

Residential
Commercial
Industrial

By Type

Mechanical
Static

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

Honeywell International Inc.
Landis+Gyr Group AG
Kamstrup
Sensus
Ista Energy Solutions Limited
QUNDIS GmbH
Diehl Stiftung & Co. KG
Siemens AG
Sontex SA
Danfoss A/S

Product Code: A06990

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. High threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Increase in adoption of district heating system
  - 3.4.1.2. Rise in demand for energy efficiency
- 3.4.2. Restraints
  - 3.4.2.1. High cost of investment
- 3.4.3. Opportunities
  - 3.4.3.1. Integration with smart technologies
3.5. Value Chain Analysis
3.6. Key Regulation Analysis
3.7. Patent Landscape

CHAPTER 4: HEAT METERS MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Mechanical
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Static
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: HEAT METERS MARKET, BY CONNECTIVITY

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Wireless
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Wired
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: HEAT METERS MARKET, BY APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Residential
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Commercial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Industrial
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: HEAT METERS MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Connectivity
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Type
  - 7.2.5.1.2. Market size and forecast, by Connectivity
  - 7.2.5.1.3. Market size and forecast, by Application
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Type
  - 7.2.5.2.2. Market size and forecast, by Connectivity
  - 7.2.5.2.3. Market size and forecast, by Application
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Type
  - 7.2.5.3.2. Market size and forecast, by Connectivity
  - 7.2.5.3.3. Market size and forecast, by Application
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Connectivity
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Type
  - 7.3.5.1.2. Market size and forecast, by Connectivity
  - 7.3.5.1.3. Market size and forecast, by Application
  - 7.3.5.2. France
  - 7.3.5.2.1. Market size and forecast, by Type
  - 7.3.5.2.2. Market size and forecast, by Connectivity
  - 7.3.5.2.3. Market size and forecast, by Application
  - 7.3.5.3. Italy
  - 7.3.5.3.1. Market size and forecast, by Type
  - 7.3.5.3.2. Market size and forecast, by Connectivity
  - 7.3.5.3.3. Market size and forecast, by Application
  - 7.3.5.4. Spain
  - 7.3.5.4.1. Market size and forecast, by Type
  - 7.3.5.4.2. Market size and forecast, by Connectivity
  - 7.3.5.4.3. Market size and forecast, by Application
  - 7.3.5.5. UK
  - 7.3.5.5.1. Market size and forecast, by Type
  - 7.3.5.5.2. Market size and forecast, by Connectivity
  - 7.3.5.5.3. Market size and forecast, by Application
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Market size and forecast, by Type
  - 7.3.5.6.2. Market size and forecast, by Connectivity
  - 7.3.5.6.3. Market size and forecast, by Application
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Connectivity
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Type
  - 7.4.5.1.2. Market size and forecast, by Connectivity
  - 7.4.5.1.3. Market size and forecast, by Application
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Type
  - 7.4.5.2.2. Market size and forecast, by Connectivity
  - 7.4.5.2.3. Market size and forecast, by Application
  - 7.4.5.3. India
  - 7.4.5.3.1. Market size and forecast, by Type
  - 7.4.5.3.2. Market size and forecast, by Connectivity
  - 7.4.5.3.3. Market size and forecast, by Application
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Type
  - 7.4.5.4.2. Market size and forecast, by Connectivity
  - 7.4.5.4.3. Market size and forecast, by Application
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Market size and forecast, by Type
  - 7.4.5.5.2. Market size and forecast, by Connectivity
  - 7.4.5.5.3. Market size and forecast, by Application
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Market size and forecast, by Type
  - 7.4.5.6.2. Market size and forecast, by Connectivity
  - 7.4.5.6.3. Market size and forecast, by Application
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Connectivity
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Type
  - 7.5.5.1.2. Market size and forecast, by Connectivity
  - 7.5.5.1.3. Market size and forecast, by Application
  - 7.5.5.2. South Africa
  - 7.5.5.2.1. Market size and forecast, by Type
  - 7.5.5.2.2. Market size and forecast, by Connectivity
  - 7.5.5.2.3. Market size and forecast, by Application
  - 7.5.5.3. Saudi Arabia
  - 7.5.5.3.1. Market size and forecast, by Type
  - 7.5.5.3.2. Market size and forecast, by Connectivity
  - 7.5.5.3.3. Market size and forecast, by Application
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Market size and forecast, by Type
  - 7.5.5.4.2. Market size and forecast, by Connectivity
  - 7.5.5.4.3. Market size and forecast, by Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Danfoss A/S
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
9.2. Diehl Stiftung & Co. KG
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Honeywell International Inc.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
9.4. Ista Energy Solutions Limited
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
9.5. Kamstrup
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
9.6. Landis+Gyr Group AG
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. QUNDIS GmbH
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
9.8. Sensus
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Key strategic moves and developments
9.9. Siemens AG
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
9.10. Sontex SA
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio