Heat Meter Market by Type (Mechanical (Multi-Jet, Turbine), Static (Electromagnetic, Ultrasonic)), Connectivity (Wired, Wireless), End-User (Residential, Commercial & Public, Industrial) Region - Global Forecast to 2023

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Date: 08-Oct-2018
No. of pages: 119
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“The global heat meter market is projected to grow at a CAGR of 7.50%, from 2018 to 2023.”

The global heat meter market is projected to reach USD 1,218.9 million by 2023, from an estimated USD 849.1 million in 2018, at a CAGR of 7.50%. This growth can be attributed to factors such as requirement for accurate measurement of heat consumption, legislative mandate to install heat meters, and increased savings through heat conservation. However, increasing competition from alternative heating technologies and capital cost associated with heat meter operations could act as restraints for the market.

“The Static segment is expected to be the fastest growing market from 2018 to 2023.”

The static segment held the largest market share in 2017 and is estimated to be the fastest growing segment during the forecast period. Static meters use fluidic oscillator principle for providing reliable flow and energy readings. Static meters are available in a wide range of flow rates, which are used in building technology and automation and in district heating.

“The Wired heat meters segment is expected to be the largest market from 2018 to 2023.”

The wired heat meters segment is expected to hold the largest market share during the forecast period because of the increased adoption of wired meters in poor connectivity areas where residential dwellings are connected with district heating. The Asia Pacific market is expected to hold the largest market for wired heat meters with rapid adoption in countries such as China and Japan. Europe region is expected to be the fastest growing market for wired connection during the forecast period.

“Increasing district heating connectivity is expected to drive the residential segment market between 2018and 2023.”

The residential heat meter segment held the largest market share in 2017 and is estimated to be the fastest growing segment during the forecast period. These heat meters have witnessed a large scale adoption in the residential sector, which includes large multifamily buildings, luxury apartments, and single-family homes. Increasing consumer awareness and growing installation of heat meter have empowered residents to have control over their energy consumption.

“Europe: The fastest growing market for heat meter market”

The European region is expected to be the second largest market for heat meters by 2023 and is projected to grow at the highest CAGR of 8.16%during the forecast period. The heat meters market in this region is mainly driven by the increasing focus on improving energy efficiency for ensuring secured energy supply, rise in demand for space cooling systems, and the mandates for the reduction of GHG emissions. Targets set by the EU to achieve EU’s 20-20-20 goals (20% increase in energy efficiency, 20% reduction of CO2 emissions, and 20% renewables by 2020) are expected increase heat meter installation in respective user premises.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 60%, Tier 2- 27%, and Tier 3- 13%

  • By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%

  • By Region: North America- 11%, Europe- 44%, Asia Pacific-32%, Middle East- 8%, and South America- 5%    


Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is definedon the basis of their total revenue as of 2017. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3:

The global heat meters market is dominated by a few major players that have a wide regional presence. The leading players in heat meters market are Siemens (Germany), Diehl (Germany), Danfoss (Denmark), Kamstrup (Denmark), and Wasion Group (China).

Research Coverage:

The report defines, describes, and forecasts the global heat meters, by type, connectivity, end-user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the heat meters market.

Why Buy this Report?


  • The report identifies and addresses key markets for heat meters, which would help manufacturers review the growth in demand.

  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making better strategic decisions.

Heat Meter Market by Type (Mechanical (Multi-Jet, Turbine), Static (Electromagnetic, Ultrasonic)), Connectivity (Wired, Wireless), End-User (Residential, Commercial & Public, Industrial) Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Heat Meter Market During the Forecast Period
4.2 Heat Meter Market, By Country
4.3 Asia Pacific Heat Meter Market, By End-User & Country
4.4 Heat Meter Market, By Type
4.5 Heat Meter Market, By Connectivity
4.6 Heat Meter Market, By End-User

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Mandatory Legislative Requirement to Install Heat Meters
5.3.2 Accurate Measurement of Heat Consumption
5.3.3 Increased Savings Through Heat Conservation
5.4 Restraints
5.4.1 Increasing Competition From Alternative Heat Sources
5.4.2 Capital Cost Associated With Heat Meters
5.5 Opportunities
5.5.1 Rise in Development of District Heating Infrastructure
5.5.2 Mandatory Heat Meter Installment in Old Building Renovation Projects
5.6 Challenges
5.6.1 Technical Challenge of Installation in Old Dwellings
5.6.2 Rise of Energy-Efficient Infrastructure and Zero Energy Buildings

6 Heat Meter Market, By Type
6.1 Introduction
6.2 Mechanical Heat Meter
6.2.1 Multi-Jet Meter
6.2.2 Turbine Meter
6.3 Static Heat Meter
6.3.1 Electromagnetic Meter
6.3.2 Ultrasonic Meter

7 Heat Meter Market, By Connectivity
7.1 Introduction
7.2 Wired Connection
7.3 Wireless Connection

8 Heat Meter Market, By End-User
8.1 Introduction
8.2 Residential
8.3 Commercial & Public
8.4 Industrial

9 Heat Meter Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 By Type
9.2.2 By Connectivity
9.2.3 By End-User
9.2.4 By Country
9.2.4.1 China
9.2.4.2 Japan
9.2.4.3 Rest of Asia Pacific
9.3 Americas
9.3.1 By Type
9.3.2 By Connectivity
9.3.3 By End-User
9.3.4 By Country
9.3.4.1 US
9.3.4.2 Canada
9.3.4.3 Rest of Americas
9.4 Europe
9.4.1 By Type
9.4.2 By Connectivity
9.4.3 By End-User
9.4.4 By Country
9.4.4.1 UK
9.4.4.2 Germany
9.4.4.3 Denmark
9.4.4.4 Sweden
9.4.4.5 Rest of Europe
9.5 Midddle East
9.5.1 By Type
9.5.2 By Connectivity
9.5.3 By End-User
9.5.4 By Country
9.5.4.1 Saudi Arabia
9.5.4.2 UAE
9.5.4.3 Rest of Middle East

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players and Industry Concentration, 2017
10.3 Competitive Scenario
10.3.1 Contracts & Agreements, 2015–2018
10.3.2 New Product Developments, 2015–2018
10.3.3 Investments & Expansions, 2015–2018
10.3.4 Mergers & Acquisitions, 2015–2018
10.3.5 Partnerships, 2015–2018
10.3.6 Collaborations, 2015–2018

11 Company Profiles
(Business Overview, Products Offered, Recent Developments)*
11.1 Benchmarking
11.2 Danfoss
11.2.1 Business Overview
11.2.2 Products Offered
11.3 Diehl
11.3.1 Buisness Overview
11.3.2 Products Offered
11.4 Itron
11.4.1 Business Overview
11.4.2 Products Offered
11.5 Landis+Gyr
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 Recent Developments
11.6 Siemens
11.6.1 Business Overview
11.6.2 Products Offered
11.7 Wasion Group
11.7.1 Business Overview
11.7.2 Products Offered
11.8 Elster
11.8.1 Business Overview
11.8.2 Products Offered
11.8.3 Recent Developments
11.9 Engelmann
11.9.1 Business Overview
11.9.2 Products Offered
11.9.3 Recent Developments
11.1 Ista
11.10.1 Business Overview
11.10.2 Products Offered
11.10.3 Recent Developments
11.11 Kamstrup
11.11.1 Business Overview
11.11.2 Products Offered
11.11.3 Recent Developments
11.12 Qundis
11.12.1 Business Overview
11.12.2 Products Offered
11.12.3 Recent Developments
11.13 Sensus (Xylem)
11.13.1 Business Overview
11.13.2 Products Offered
11.13.3 Recent Developments
11.14 Sontex
11.14.1 Business Overview
11.14.2 Products Offered
11.14.3 Recent Developments
11.15 Zenner
11.15.1 Business Overview
11.15.2 Products Offered

*Details on Business Overview, Products Offered Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.2.1 Introduction:
12.2.2 Scope of the Study:
12.3 Questionnaire
12.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 Heat Meter Market Snapshot
Table 2 Heat Metering Regulations in Eu Countries
Table 3 Global Heat Meter Market, By Type, 2016–2023 (USD Million)
Table 4 Mechanical Heat Meter Market Size, By Region, 2016–2023 (USD Million)
Table 5 Mechanical Heat Meter Market Value, By Top Countries, 2018–2023 (USD Million)
Table 6 Static Heat Meter: Heat Meter Market Size, By Region, 2016–2023 (USD Million)
Table 7 Static Heat Meter Market Value, By Top Countries, 2018–2023 (USD Million)
Table 8 Global Heat Meter Market, By Connectivity, 2016–2023 (USD Million)
Table 9 Wired Connection: Heat Meter Market Size, By Region, 2016–2023 (USD Million)
Table 10 Wireless Connection: Heat Meter Market Size, By Region, 2016–2023 (USD Million)
Table 11 Global Heat Meter Market, By End-User, 2016–2023 (USD Million)
Table 12 Residential: Heat Meter Market Size, By Region, 2016–2023 (USD Million)
Table 13 Residential Segment Heat Meter Market Value, By Top Countries, 2018–2023 (USD Million)
Table 14 Commercial & Public: Heat Meter Market Size, By Region, 2016–2023 (USD Million)
Table 15 Commercial & Public Segmnet Heat Meter Market Value, By Top Countries, 2018–2023 (USD Million)
Table 16 Industrial: Heat Meter Market Size, By Region, 2016–2023 (USD Million)
Table 17 Commercial & Public Segmnet Heat Meter Market Value, By Top Countries, 2018–2023 (USD Million)
Table 18 Heat Meter Market, By Region, 2016–2023 (USD Million)
Table 19 Asia Pacific: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 20 Asia Pacific: Heat Meter Market Size, By Connectivity, 2016–2023 (USD Million)
Table 21 Asia Pacifc: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 22 Asia Pacific: Heat Meter Market Size, By Country, 2016–2023 (USD Million)
Table 23 China: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 24 China: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 25 Japan: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 26 Japan: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 27 Rest of Asia Pacifc: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 28 Rest of Asia Pacifc: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 29 Americas: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 30 Americas: Heat Meter Size, By Connectivity, 2016–2023 (USD Million)
Table 31 Americas: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 32 Americas: Heat Meter Market Size, By Country, 2016–2023 (USD Million)
Table 33 US: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 34 US: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 35 Canada: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 36 Canada: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 37 Rest of Americas: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 38 Rest of Americas: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 39 Europe: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 40 Europe: Heat Meter Market, By Connectivity, 2016–2023 (USD Million)
Table 41 Europe: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 42 Europe: Heat Meter Market Size, By Country, 2016–2023 (USD Million)
Table 43 UK: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 44 UK: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 45 Germany: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 46 Germany: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 47 Denmark: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Denmark: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 49 Sweden: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 50 Sweden: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 51 Rest of Europe: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 52 Rest of Europe: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 53 Middle East: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 54 Middle East: Heat Meter Size, By Connectivity, 2016–2023 (USD Million)
Table 55 Middle East: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 56 Middle East: Heat Meter Market Size, By Country, 2016–2023 (USD Million)
Table 57 Saudi Arabia: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 58 Saudi Arabia: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 59 UAE: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 60 UAE: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 61 Rest of Middle East: Heat Meter Market Size, By End-User, 2016–2023 (USD Million)
Table 62 Rest of Middle East: Heat Meter Market Size, By Type, 2016–2023 (USD Million)
Table 63 Kamstrup Was the Most Active Player in the Market Between 2015 and 2018

List of Figures

Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Static Segment, By Type, is Expected to Grow at the Highest CAGR During the Forecast Period, 2018–2023
Figure 8 Wired Connection Segment is Estimated to Lead the Heat Meter Market, By Connectivity, 2018–2023
Figure 9 Residential Segment is Estimated to Lead the Heat Meter Market, By End-User, 2018–2023
Figure 10 Asia Pacific to Lead the Heat Meter Market
Figure 11 Mandatory Legislative Requirement to Install Heat Meters is Expected to Drive the Heat Meter Market From 2018 to 2023
Figure 12 The Market in the UK is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Residential Segment Dominates the Heat Meter Market in Asia Pacific
Figure 14 Static Segment Dominated the Heat Meter Market in 2017
Figure 15 Wired Connection Segment is Expected to Dominate the Heat Meter Market, By Connectivity, During the Forecast Period
Figure 16 Residential Segment is Expected to Dominate the Heat Meter Market, By End-User, During the Forecast Period
Figure 17 Heat Meter Market: Drivers, Restraints, Opportunities, & Challenges
Figure 18 Share of Renewable Energy Sources in Heat Consumption (In %), 2013–2017
Figure 19 Current Share of the Total Annual Heating and Cooling Demand Met By Dhc in (%)
Figure 20 Global District Heating and Cooling Potential, By Countries, 2015 vs 2030 (In Gw)
Figure 21 Static Segment is Expected to Hold the Largest Market Share By 2023
Figure 22 Mechanical Heat Meter Market Share, By Top Countries, 2017 (USD Million)
Figure 23 Static Heat Meter Market Share, By Top Countries, 2017 (USD Million)
Figure 24 Wired Connection Segment is Expected to Hold the Largest Market Share By 2023
Figure 25 Residential Segment is Expected to Hold the Largest Market Share By 2023
Figure 26 Residential Segment Market Share, By Top Countries, 2017 (USD Million)
Figure 27 Commercial & Public Segment Market Share, By Top Countries, 2017 (USD Million)
Figure 28 Industrial Segment Market Share, By Top Countries, 2017 (USD Million)
Figure 29 Regional Snapshot: the Market in Europe is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Heat Meter Market Share (Value), By Region, 2023
Figure 31 Asia Pacifc: Market Snapshot
Figure 32 Europe: Market Snapshot
Figure 33 Key Developments in the Heat Meter Market, 2015–2018
Figure 34 Top 5 Market Leaders in the Heat Meter Market in 2017
Figure 35 Danfoss: Company Snapshot
Figure 36 Diehl: Company Snapshot
Figure 37 Itron: Company Snapshot
Figure 38 Landis+Gyr: Company Snapshot
Figure 39 Siemens: Company Snapshot
Figure 40 Wasion Group: Company Snapshot

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