Market Research Report
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
|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|
Published: February 14, 2019
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Heat Meter Market to reach USD 1416.5 billion by 2025.
Global Heat Meter Market valued approximately USD 837.3 billion in 2017 is anticipated to grow with a healthy growth rate of more than 7.8 % over the forecast period 2018-2025. Heat meters are used for measuring the transmitted or consumed energy. Some of the major components of heat meters are heat carrier, flow meter, input and output temperature sensors and electronic calculators. After installation of heat meters, end-users have to pay only for the heat consumed by them. Requirement for accuracy in measurement of heat consumption is the one of the major factors attributing towards high CAGR during the forecast period. Favorable regulatory policies by government of various countries in order to attain energy efficiency and rising concern towards carbon emission is expected to stimulate the market growth. For instance, the government of Canada signed the Paris Agreement and Copenhagen Accord in 2009 under its climate action plan for reducing greenhouse gas emissions by 17% by 2020 below 2005 levels. However, growing competition among marketers due to alternative heating technologies and operational cost are some of the restraining factors of market growth in forecast years.
The regional analysis of global heat meter market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rapidly increasing demand of heat meters. Europe also contributes a satisfactory growth in the global heat meter market due to regulations imposed for installation of heat meters. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to rising environmental concerns regarding carbon emissions in developing countries such as India, China and Japan.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 2025