Heat Meter Market Size & Share, by Type (Turbine Meters, Ultrasonic Meters, Vortex Meters); Connectivity (Wired, Wireless); Technology (Mechanical, Static); Application (Residential, Commercial and Public, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 5693
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025 - 2037

Heat Meter Market size was valued at USD 1.36 billion in 2024 and is likely to exceed USD 3.24 billion by the end of 2037, expanding at over 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of heat meter is evaluated at USD 1.44 billion.

As a result of the growing electricity demand, new rules, and sustainable energy sources, grid complexity is increasing. Smart heat meters offer a range of additional benefits, including identification of energy thefts, reduced business losses, and more efficient revenue administration. Energy use by customers using smart meters can be monitored and thus reduced waste. During the projected period, these factors are expected to support market growth. For example, a study by the International Energy Agency shows that in 2022, there was an increase of 2.3% in Latin America's energy consumption for the second consecutive year, but it is significantly lower than its growth from 2021 onwards.

To address incorrect billing of a single heat meter to record the heat consumption of the whole building, there has been a significant demand for submetering or individual heat metering. Submetering entails the installation of a special heat meter for each residence to ensure that it is correctly recorded as heating use and generated with the appropriate amount of bills. This is predicted to drive the growth of the market in the forecast period.


Get more information on this report: Request Free Sample PDF

Heat Meter Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Number of Product Launches - To increase the market or develop new products, a growing number of companies are taking on product launches and acquisitions with others. In this regard, Sensus launched the next-generation PolluStat meter to improve thermal energy management in Europe in November 2020. To help with conservation measures, this upgraded meter has been designed for energy efficiency.
  • Rising Trend for Smart Cities - As part of the adoption of advanced metering systems such as Smart Heat Meters to allow close monitoring, data analysis, and effective energy management, a trend towards smarter buildings and urban initiatives is encouraged in the United States. In addition, the adoption of heat meters is supported by incentive schemes or subsidies provided by federal and state governments to promote energy conservation and use of clean energy technologies. The demand for heat meters is influenced by the fact that companies are aware of the advantages to be gained in monitoring and managing their heating consumption on business or industrial premises.

Challenges

  • Data Security Concerns – There are growing concerns about the security of data collected by heat meters, which could deter some customers from using them. This is predicted to hamper the market growth in the upcoming future.
  • Lack of standardization is expected to hinder the market expansion of the forecast period.
  • Competition from alternative technologies is expected to pose a limitation in the market growth during the studied period.

Heat Meter Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.9%

Base Year Market Size (2024)

USD 1.36 billion

Forecast Year Market Size (2037)

USD 3.24 billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Heat Meter Segmentation

Application (Residential, Commercial and Public, Industrial)

Based on application, the residential segment is expected to dominate the heat meter market registering growth of 50% by the end of 2037. Heat meters in a residential setup are used to measure the amount of heat consumed. In general, it is installed for monitoring and billing energy use alongside heating systems. In addition, heating systems can be monitored and optimized by building managers and residents to maximize energy efficiency. By providing energy consumption data, heat meters contribute to the optimization of heating and cooling equipment. It will help to make the right choices for improving energy efficiency.

Connectivity (Wired, Wireless)

In terms of connectivity, the wired segment in heat meter market is anticipated to hold the largest share of 80% during the forecast period. In addition to providing centralized monitoring and control of heating or air conditioning consumption, wire heat meters are often used in buildings' automation systems. wired heat meters can be part of a wider energy management system, providing real-time data on optimal energy use in commercial or industrial premises. Wired meter usage can be widely seen in smart city initiatives and urban planning. In 20 years, cities that use Smart City solutions can increase their energy efficiency by 30%. These meters provide accurate data on energy consumption in households and businesses, which are connected to the city's heating network. This information will allow city planners to make informed decisions on infrastructure development, energy distribution, and sustainability measures to improve the efficiency and environmental-friendliness of urban landscapes. During the forecast period, all of these factors are expected to provide new growth opportunities for wired temperature sensors. 

Our in-depth analysis of the global market includes the following segments:

          Type

 

  • Turbine Meters
  • Ultrasonic Meters
  •  Vortex Meters

          Connectivity

  • Wired
  • Wireless

          Technology

  • Mechanical
  • Static

          Application

  • Residential
  • Commercial and Public
  •  Industrial

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Heat Meter Industry - Regional Synopsis

North American Forecasts

The heat meter market in the North American region is anticipated to hold the largest revenue share of 35% by the end of 2037. Factors such as renewable energy integration, energy efficiency solutions, environmental regulation, and others are expected to drive the growth of the market in the region. Energy efficiency is becoming increasingly important with heat meters playing a crucial role in the optimization of heating systems' energy consumption. In addition, the adoption of technologies such as heat meters to improve energy efficiency has been driven by a growing focus on environmental sustainability and the need to reduce carbon emissions. Given the growing integration of renewables, precise heat measurement is becoming essential and will be needed to meet the demand for more efficient heating technologies.

European Market Statistics

The heat meter market in the European region is anticipated to hold a significant revenue share during the forecast period. In Europe, the key players in the market are located. The European region is projected to maintain its growth rate in the study period, as a result of government efforts to save energy by adopting regulations and more investment into long-term projects. For example, the European Commission has set a target of 20% energy efficiency by 2020 as part of its Energy Efficiency Directive.

Research Nester
Get more information on this report: Request Free Sample PDF

Companies Dominating the Heat Meter Landscape

    • Weihai Ploumeter Co. Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Landis + Gyr
    • Quadlogic Meters Canada Inc
    • Zenner International GmbH & Co. KG
    • Kamstrup
    • Micronics Ltd
    • MWA Technology Ltd
    • Qundis
    • Trend Control Systems Ltd.
    • Danfoss

In the News

  • Kamstrup and Thvilum A/S agreed in April 2022. Kamstrup will have even more opportunities to support Danish utilities since Thvilum A/S is under its ownership. Furthermore, it will ensure that the utilities are prepared to offer services and solutions to improve their ability to make decisions based on facts and knowledge, which is a crucial element for the uptake of Digital opportunities.
  • The Danfoss team is responsible for the development, manufacture, and sale of heat meters A successful test with the narrowband Internet of Things wireless data communication has been announced by Automatic Reading Meter Solutions.

Author Credits:  Dhruv Bhatia


  • Report ID: 5693
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of heat meter is evaluated at USD 1.44 billion.

Heat Meter Market size was valued at USD 1.36 billion in 2024 and is likely to exceed USD 3.24 billion by the end of 2037, expanding at over 6.9% CAGR during the forecast period i.e., between 2025-2037. The growing trend for smart cities and the increasing number of product launches will drive the market growth.

North America industry is expected to account for largest revenue share of 35% by 2037, due to factors such as renewable energy integration, energy efficiency solutions, environmental regulation, and others that are expected to drive the growth of the market in the region.

The major players in the market are Zenner International GmbH & Co. KG, Kamstrup, Micronics Ltd, MWA Technology Ltd, Qundis, and others.
Heat Meter Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample