A heat meter is a device which
measures the thermal energy provided by a source or distributed to a sink. It
consists of heat carrier input & output temperature sensors, flow meter,
and an electronic calculator. After setting up of heat meters, end-users have
to pay only for heat consumed by them. It helps to measuring the flow rate of
heat transfer fluid and modification in its temperature between outflow and
return back of the system. It is used to calculate heat energy distributed
through a centralized or district community heating scheme. The key features
are included high durability, data accuracy, low energy consumption, cost
saving and long-term stability.
According to study, “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” the key companies operating in the global heat meter market
are Siemens AG, Landis+Gyr, Danfoss Group, Diehl Stiftung & Co. KG, Wasion
Group, Elster, Kamstrup A/S, Engelmann, Sontex, Ista, Sensus (Xylem), Qundis,
Zenner, Weihai Ploumeter Co., Ltd., Techem, Secure Meters Ltd., WECAN Precision
Instruments Co., Ltd., Qundis, MWA Technology Ltd., Quadlogic Meters Canada
Inc., Itron, Micronics Ltd., Axioma Metering UAB, Huizhong Instrumentation Co.
Ltd., Apator S.A.
Based on type, heat meter market is
segmented into static heat meter, vortex heat meter and mechanical heat meter.
Static heat meter segment is further sub-segmented into ultrasound meter and
electromagnetic meter. Mechanical heat meter segment is further sub-segmented
into turbine meter and multi-jet meter. Based on connectivity, market is
segmented into wireless connection and wired connection. Based on technology,
market is segmented into ultrasonic, mechanical, and electromagnetic. In
addition, based in end-user, market is segmented into commercial & public,
residential, industrial and others. Commercial & public segment is further sub
segmented into college/university, office buildings and government buildings.
Additionally, industrial segment is further sub-segmented into refinery, pulp
& paper, chemical and others.
The heat meter market is driven by
accurate measurement of heat consumption, followed by mandatory legislative
requirement to install heat meters, rise in focus toward reducing cost &
energy efficiency, increase in number of government policies & guidelines
for utilities for metering, growth in investments toward expansion of service
sector and increase in savings through heat conservation. However, capital cost
associated with heat meters and increase in competition from alternative heat
sources may impact the market. Moreover, mandatory heat meter installment in
old building renovation projects and rise in development of district heating
infrastructure are key opportunities for market.
Based on geography, the
North-American region holds major share in heat meter market owing to rapidly
rise in demand of heat meters in the region. European region also contributes a
reasonable growth due to regulations executed for installation of heat meters.
Additionally, Asian-Pacific region is expected to witness higher growth rate
caused by increase in environmental concerns regarding carbon emissions in
developing countries such as China, India, and Japan over the forecast period.
It is anticipated that the market will be reached at US $1416.5 billion by
2025.
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