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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
    • U.S.
    • Canada
  • 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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Heat Meters Market

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