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[ 177 + Pages Research Report ] Global Europe Heat Meters Market to surpass USD 2.07 billion by 2031 from USD 1.03 billion in 2021 at a CAGR of 7.17% in the coming years, i.e., 2021-31.
Product Overview
A heat meter is a product employed to quantify thermal energy provided by a source, by measuring the flow rate of the heat transfer fluid and varying temperature between its discharge and return leg. A heat meter mainly has three key parts: a flow sensor, a calculator, and a pair of temperature sensors. The device is planned to function at a nominal flow rate and, for a majority of times, it can be worked at or just below this flow rate.
Market Highlights
Global Europe Heat Meters market is expected to project a notable CAGR of 7.17% in 2031.
The Europe heat meters industry is expected to witness a significant growth due to extreme climatic circumstances together with unfavorable working conditions owing to reduced temperature. Severe government regulations pertaining to the decarbonization of buildings coupled with large-scale utilization of energy-efficient and clean technology will boost the industry outlook.
Europe Heat Meters: Segments
Ultrasonic segment to grow with the highest CAGR during 2021-31
Global Europe Heat Meters market is classified on the basis of Product into Ultrasonic, Vortex. Ultrasonic segment dominates the market share globally. The European ultrasonic heat meters market will gain high momentum by 2031, due to the growing demand for efficient & reliable heat techniques and high growth of industrial sector. These units provide a high level of data accuracy and guarantee minimal energy consumption along with long-lasting stability, durability & dirt resistance. Additionally, unfavorable industrial working conditions across the frost regions connected to the Arctic will propel the product deployment.
Residential segment to grow with the highest CAGR during 2021-31
Based on Application, global Europe Heat Meters Market fragmented into Residential, Commercial, Industrial. The residential application segment is poised to increase exponentially till 2031, owing to the ongoing growth of residential infrastructure and rising demand for thermal units. Growing requirements for modified individual billing accompanied by the deployment of district heating devices across multi-story buildings will boost the industry dynamics. Moreover, favorable regulatory directives on the implementation of environmentally viable heat networks coupled with flourishing real estate sector with propel the market size.
Market Dynamics
Drivers
Adoption of advanced and automated building technologies
Europe heat meters market from static technology is expected to register over 7.17% CAGR through 2031, due to the increasing adoption of automated and advanced building technologies along with the continuing expansion of commercial and industrial facilities across emerging countries. The large data precision recording method coupled with escalating demand for trigeneration technologies will propel product installation.
Adoption of sustainable building codes
Europe heat meters market from commercial usage is projected to witness significant growth due to the adoption of combined heating & cooling enhanced technologies and growing adoption of sustainable building standards and codes. Rising investments toward the development and growth of residential infrastructure will support product installation. Ongoing expansion of advanced & improved energy-efficiency services, energy management systems, and efficient heating infrastructure will boost product penetration.
Restraint
Strict regulations
A healthy ecosystem offers a range of benefits that acts as the basis of human well-being. Plants are an important part of this ecosystem as they balance the world by delivering food and shelter. They also contribution in physiological and psychological well-being through their therapeutic products such as essential oils. However, this source is exhausting slowly. This could be attributed to an increase in population and industrialization that has resulted in deforestation. Thus, will hamper the Europe Heat Meters market.
Europe Heat Meters: Key Players
Danfoss (Denmark)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Siemens (Germany)
Diehl (Germany)
Wasion Group (Hong Kong)
Landis+Gyr (Switzerland)
Itron (US)
Zenner (Germany)
Ista (Germany)
Elster (Germany)
Other Prominent Players
Global Europe Heat Meters report also contains analysis on:
Europe Heat Meters Segments:
By Product
Ultrasonic
Vortex
By Application
Residential
Commercial
Industrial
Europe Heat Meters Dynamics
Europe Heat Meters Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Europe Heat Meters Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 1.03 billion
Revenue forecast in 2031 USD 2.07 billion
Growth Rate CAGR of 7.17% from 2021 to 2031
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Product, Application, and Region
Regional scope Europe
Key companies profiled Danfoss (Denmark), Siemens (Germany), Diehl (Germany), Wasion Group (Hong Kong), Landis+Gyr (Switzerland), Itron (US), Zenner (Germany), Ista (Germany), Elster (Germany), and Other Prominent Players