Heat Meters: Introduction
- Heat meter is a device employed to measure thermal energy delivered by a source. It measures the flow rate of the heat transfer fluid and changing temperature between its outflow and return leg. Heat meter has three key parts: a flow sensor, a calculator, and a pair of temperature sensors. The device is designed to operate at a nominal flow rate. It can be operated at or just below this flow rate majority of the times. However, heat meter is capable of operating at twice the nominal flow rate for short periods of time. Similarly, it can also operate at flow rates lower than the nominal flow rate. However, in such cases, accuracy of heat meters decreases. Heat meters should be operated as close as possible to the nominal flow rate in order to achieve accuracy, efficiency, and long product life.
Key Drivers and Restraints of Global Heat Meters Market
- Recent development in the heat meters market involves concerns regarding climate change caused by global warming. Governments are providing incentives to citizens and industries to limit and monitor their thermal energy use in order to reduce the effect of climate change caused by human activities. This has significantly increased the need for heat meters in various sectors, for example, district heating & cooling systems. However, certain factors are restricting the heat meters market. A major restraint of the heat meters market is adoption of alternative heat sources such as rooftop solar panels.
Heat Meters: Technology Segment
- In terms of technology, the heat meters market can be segregated into mechanical, ultrasonic, and electromagnetic
- The key difference between ultrasonic and other types of heat meters is lack of moving parts in the former. This results in more accurate reading by ultrasonic heat meters. They also tend to have a longer life compared to other types of heat meters.
Heat Meters: Communication Method Segment
- In terms of communication method, the heat meters market can be divided into local display, M-Bus, and wireless. The term ‘local display’ refers to an in-built display on the heat meter.
- M-Bus refers to communication of heat readings through a two-wire signal cable connecting the heat meter to a central unit. Wireless communication of heat meter readings generally requires the receiving unit to be in the vicinity of the heat meter.
Heat Meters: Application Segment
- In terms of application, the heat meters market can be classified into industrial and district-level. Heat meters are used to measure the heat output of several industrial equipment such as chillers and heating boilers. Companies deploy heat meters to ensure control of their energy costs and proper functioning of all equipment. Of late, manufacturers of district heating and cooling systems have started adding heat meters to the design of these systems.
Covid-19 Impact on Heat Meters Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern.
- The COVID-19 pandemic has impacted a large number of countries across the globe. Various measures introduced to combat the pandemic such as lockdowns and temporary closure of trade activities, factories, and workplaces in several countries may help save lives. However, these measures carry wide-ranging economic effects that can induce economic contagion.
- The COVID-19 pandemic has adversely affected various sectors of economies across the globe. Key segments of manufacturing were shut down in several countries across the globe in response to the lockdown orders issued by governments of these countries.
- Shortage in supply of raw materials from various manufacturers around the globe has resulted in a severe demand-supply gap. The shutdown in various countries across the globe has affected the import of raw materials required in the production and operation of heat meters, thereby hampering application industries.
Asia Pacific to Dominate Heat Meters Market
- In terms of region, the global heat meters market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America dominated the global heat meters market in 2020. This trend is anticipated to continue during the forecast period. Countries with extensive industrial activities such as China present immense opportunities to manufacturers of heat meters.
Key Manufacturers Operating in Global Heat Meters Market
The global heat meters market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global Heat Meters market include:
- Siemens AG
- Diehl Stiftung & Co. KG
- Kamstrup A/S
- Danfoss Group
- Itron
- Elster
- Engelmann
- Ista
- Qundis
- Sensus (Xylem)
Global Heat Meters Market: Research Scope
Global Heat Meters Market, by Technology
- Mechanical
- Ultrasonic
- Electromagnetic
Global Heat Meters Market, by Communication Method
- Local display
- M-bus
- Wireless
Global Heat Meters Market, by Application
- Industrial
- District-level
Global Heat Meters Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
