Global Thermal Energy Flow Metering Solutions Market: Snapshot
The global thermal energy flow metering solutions market is highly competitive on account of the presence of a number of manufacturers. In order to stay ahead of the curve, players are expending time and money on product innovation. They are adding more features and functions to their products in order to entice buyers. Low barriers to entry of aspiring players is also serving to make the market competitive.
Majorly fuelling the global thermal energy flow metering solutions market is the thrust by many countries on onsite power generation and solar thermal energy in order to cut down their annual fossil fuel import and up energy security. Further serving to contribute to the market is the surging popularity of sustainable buildings and green buildings and the rampant urbanization which has resulted in pressing need for adequate water supply.
On the flipside, however, rising adoption of hybrid metering systems is expected to crimp sales of thermal energy flow meters in the next couple of years. A report by Transparency Market Research forecasts the global thermal energy flow metering solutions to rise at a CAGR of 5.9% from 2017 to 2025 to become worth US$4.706 bn by 2025.
Portable Thermal Energy Flow Metering Solutions to Expand at Healthy Clip in Upcoming Years
The global market for thermal energy flow metering solutions can be segmented based on different parameters. Depending upon type, the global thermal energy flow metering solutions market can be segmented into portable, insertion, and inline. Among them, the portable segment is expected to expand at a healthy clip in the next couple of years.
Rapid Industrialization Makes Europe Leading Region
From a geographical standpoint, Europe accounts for a leading share in the global thermal energy flow metering solutions market and it is trailed by North America. Rapid industrialization is one of the primary reasons for the growth in the market in the two regions. The chemical and wastewater industries, particularly, are at the forefront of driving demand for flow meters in the two regions. In Europe, expansion of multinational companies in countries of Germany, the U.K., and France, rising investments in capital projects, and launch of cutting edge flow meters have boosted growth in the market.
In terms of growth rate, Asia-Pacific is expected to surpass all other regions in the global thermal energy flow metering solutions market. This is mainly because of the technological progress and industrialization, coupled with concerns over the environment, which has necessitated continuous emissions monitoring systems in countries of Japan, China, and India. This has served to boost the market in the region. Substantial demand for measuring meters in oil and gas industry is also proving beneficial for the market.
The Middle East and Africa and South America too are expected to grow at an impressive pace in the global thermal flow metering solutions market on the back of rising demand from the commercial and residential segment. In the Middle East and Africa, the wirelessly connected data collection tools, technologies, devices and sensors are the fastest growing segments. South America is anticipated to grow at a steady CAGR during the forecast period as well.
Some of the prominent savvy companies operating in the global thermal energy flow metering solutions market are QMC, ABB Ltd, Elster Water, Siemens, Enercare Connections Inc., Fluid Components LLC, Emerson Electric Co., Kamstrup Group, Sage Metering, Landis+Gyr AG, Shenitech LLC, GE Electric Co., Sierra Instruments Inc., Yokogawa Electric, and Corporation.
Global Thermal Energy Flow Metering Solutions Market: Overview
This report on the global thermal energy flow metering solutions market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global thermal energy flow metering solutions market growth during the said period. Components that are playing a major role in driving the global thermal energy flow metering solutions market have also been covered in the report. The study provides a comprehensive analysis on market growth throughout the above mentioned forecast period in terms of revenue estimates (in US$ Mn), across different geographies.
Thermal energy flow meter functions independent of pressure, viscosity, and density. Thermal energy flow metering solutions are used as heat sensing and measuring component isolated from the unsolidified flow path from their flow stream conducts the heat from sensing component. The temperature difference is calculated to mass flow which is inversely proportional to the conducted heat. The accuracy of thermal energy flow meters depends upon the calibration reliability of variations in the pressure, temperature, heat capacity flow rate, viscosity of the fluid and actual process.
The report also includes key market indicators in the thermal energy flow metering solutions market. Porter’s five forces analysis is also included in the report. Value chain analysis which identifies the key participants in the thermal energy flow metering solutions is also covered in the report. The report also covers segment wise comparison matrix and market positioning analysis for all regions covered in the scope of our research. The report also includes market attractiveness analysis for all the segments and for all the regions in the scope of study which identifies and compares segments’ market attractiveness on the basis of CAGR and market share index.
Global Thermal Energy Flow Metering Solutions Market: Segmentation
The thermal energy flow metering solutions market has been segmented on the basis of type, application and components. Based on type, the market has been further classified into insertion, portable, and inline. By application, the market is further classified into residential and commercial segments (water and waste treatment, food and beverages, chemical and petrochemical, pulp and paper industries, and others). On the basis of component, the market is divided into devices (thermal energy metering, heat cost allocation, hot and cold sanitary water metering, wirelessly connected data collection tools and technologies, and sensors) and services.
Geographically, the report classifies the global thermal energy flow metering solutions market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, the study also includes quantitative analysis of the competitive scenario for region wise prominent countries. These countries include the U.S, Canada, Germany, France, the U.K., Spain, China, India, Japan, GCC countries, South Africa, and Brazil. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2017 to 2025.
Global Thermal Energy Flow Metering Solutions Market: Competitive Landscape
The report also includes competition landscape which covers competition matrix, market positioning analysis of major players in the global thermal energy flow metering solutions market based on their 2016 revenues, profiling of major players (thermal energy flow metering solutions provider). Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are included to explain the company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players.
Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for past years. The key players profiled in the global thermal energy flow metering solutions market include ABB Ltd, Elster Water, Siemens, QMC, Enercare Connections Inc., Emerson Electric Co., Fluid Components LLC, Kamstrup Group, Landis+Gyr AG, Shenitech LLC, GE Electric Co., Sierra Instruments Inc., Yokogawa Electric Corporation, and Sage Metering.
The global thermal energy flow metering solutions market is segmented as below:
Global Thermal Energy Flow Metering Solutions Market, By Type
Global Thermal Energy Flow Metering Solutions Market, By Application
- Water and Waste Treatment
- Food and Beverages
- Chemical and Petrochemical
- Pulp and Paper Industries
Global Thermal Energy Flow Metering Solutions Market, By Component
- Thermal Energy Metering
- Heat Cost Allocation
- Hot and Cold Sanitary Water Metering
- Wirelessly Connected Data Collection Tools and Technologies
Global Thermal Energy Flow Metering Solutions Market, By Geography
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America