Vortex Heat Meters Market Size - By Technology (Mechanical, Static), By Application (Residential, Commercial, Industrial), & Forecast, 2024

Description

List of Tables

Vortex heat meters market size is projected to expand at 6.5% CAGR from 2024 to 2032, driven by increasing adoption in the oil & gas, chemicals, and power generation sectors to measure and monitor fluid flow rates accurately and reliably. Additionally, the influx of stringent regulations is mandating the use of energy-efficient measurement devices to reduce carbon emissions.

The rising advancements in vortex heat meter technology, such as improved sensor designs and enhanced digital communication capabilities is further encouraging product innovations. For instance, in April 2022, Yokogawa Electric Corporation launched the OpreX™ Vortex Flowmeter VY Series, with adherence to significant explosion-proof standards that hold SIL2 certification. Furthermore, the growing emphasis on optimizing energy usage and reducing operational costs in industrial processes will complement the industry growth.

The vortex heat meters market is segregated into technology, application, and region.

The static technology segment is estimated to accumulate sizeable market revenue share by 2032, owing to the increasing demand for accurate and reliable flow measurement solutions. Static vortex technology offers benefits, such as low maintenance requirements, high accuracy, and wide operating range, to appeal to various industries. Additionally, the rising advancements in static vortex meter designs and digital communication capabilities will favor the segment growth.

With respect to application, the vortex heat meters industry from the commercial segment is projected to depict significant growth rate between 2024 and 2032. This is due to the increasing adoption of energy-efficient solutions for heating, ventilation, and air conditioning (HVAC) systems in commercial buildings. Vortex heat meters offer accurate and reliable measurement of energy consumption, further aiding in cost savings and environmental sustainability efforts. Additionally, regulatory mandates for emphasizing energy efficiency will also drive the demand for vortex heat meters in commercial applications.

Regionally, the Asia Pacific vortex heat meters industry is anticipated to grow at a notable pace from 2024 to 2032. The growth can be attributed to the rapid industrialization and urbanization as well as the increasing demand for energy-efficient solutions in oil & gas, chemicals, and power generation sectors. Additionally, the influx of government initiatives for promoting energy conservation and environmental sustainability will fuel the regional market growth.

Product Code: 7843

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Business trends
2.2 Technology trends
2.3 Application trends
2.4 Regional trends

Chapter 3 Vortex Heat Meters Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
  - 3.3.1.1 Increased focus on energy efficiency
  - 3.3.1.2 Rising ddemand for sustainable solutions
  - 3.3.1.3 Regulatory compliance and standardization
- 3.3.2 Industry pitfalls & challenges
  - 3.3.2.1 Privacy concerns
3.4 Growth potential analysis
3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL analysis

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2023
- 4.2.1 Strategic dashboard

Chapter 5 Vortex Heat Meters Market, By Technology

5.1 Key technology trends
5.2 Mechanical
5.3 Static

Chapter 6 Vortex Heat Meters Market, By Application

6.1 Key application trends
6.2 Residential
6.3 Commercial
6.4 Industrial

Chapter 7 Vortex Heat Meters Market, By Region

7.1 Key regional trends
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 Poland
- 7.3.3 Sweden
- 7.3.4 Denmark
- 7.3.5 Finland
- 7.3.6 Italy
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 South Korea
7.5 Rest of World

Chapter 8 Company Profiles

8.1 Siemens
8.2 Schneider Electric
8.3 Badger Meter Inc.
8.4 Honeywell International Inc.
8.5 Endress+Hauser Group
8.6 ABB
8.7 Yokogawa Electric Corporation
8.8 KROHNE Group
8.9 Emerson Electric Co.
8.10 Spirax Sarco Ltd.
8.11 Sino-Inst
8.12 Apure
8.13 KOBOLD Instruments, Inc.
8.14 TLV CO., LTD.