Heat Meters Market Recent Trends,Market Growth,Top Manufacturers Analysis,Business Opportunities and Demand
Category: #Technology  By Rahul Varpe  Date: 2021-03-30
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Heat Meters Market Recent Trends,Market Growth,Top Manufacturers Analysis,Business Opportunities and Demand

Heat meters market to amass commendable remuneration from residential applications, escalating adoption of smart meters to alter the industry dynamics

Growing preference towards the implementation of efficient district heating systems has proliferated the heat meters market, owing to the need for improved metering solutions for optimizing energy consumption. Consumers are becoming more conscious regarding the wastage of resources and the benefits of using heat meters to manage energy utilization, being able to adopt cost-effective usage patterns.

The widescale installation of district heating services have resulted from various government mandates asking to cut down on the use of fossil fuels and traditional heat systems, boosting the heat meters industry. Commercial, industrial and residential communities in developed countries have readily shifted to district heating and cooling solutions to minimize the emission of green house gases, along with enjoying lower utility bills. Subsequently, the growth of the district heating segment for residential applications will directly propagate the heat meters market, which reportedly earned more than USD 760 million worldwide in 2017.

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Europe has emerged as a leading district heating market in recent times, with countries such as Germany and Denmark being two of the prominent contributors, driving the heat meters market growth. Denmark, in particular, has proven to be quite successful in renewal energy development and district heating services, mostly attributed to the introduction of the Heating Supply Act which mandates having district heating systems for upcoming buildings. In 2017, it was estimated that almost 63% residential population in Denmark used district heating, which indicates a vast customer base for the Europe heat meters industry. A key factor influencing the adoption of district heating in residences is that combined heating solutions are available for generating the heat used for supply, while unused energy from renewable sources such as solar and wind farms can also be diverted to the heating systems.

In terms of numbers, Germany dominates the district heating segment in Europe and boasts of over 1,370 district heating systems, providing a lucrative revenue source for the heat meters market. The industry penetration has further expanded from the development of smart meters and the integration of smart energy monitoring networks. Smart heat meters are mostly remotely monitored and can provide historical as well as real time date on energy supply and consumption, helping to understand the utility usage behavior along with observing carbon emission levels. The heat meters industry has witnessed an upsurge in the demand for smart heat meters in mostly developed European nations to allow for a reduction in energy costs and monitor delivery of heating services.

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Expounding the progress of smart heat meters, Vattenfall, which is a Swedish power company with operations in other nations as well, had initiated an ambitious project in January 2018 to install smart heat meters for all of its customers in Germany. The company claims that these meters will assist in optimizing fuel utilization and reduce carbon dioxide emissions, enhancing the efficiency and cutting down on costs. It aims to eliminate all manual meters and deploy smart meters to collect house-hold specific data which would be read every 15 minutes and sent over mobile network to the district heat control center for processing. Representing a massive leap for the heat meters industry, the company plans to equip these digital meters in the state of Berlin by the end of this year, for ensuring uninterrupted heat supply to nearly 1.2 million district heating consumers.

Another instance where smart meters are transforming the heat meters market is the district heating service in Lystrup, Denmark where about 10,000 residential occupants utilize heating supplied by Lystrup Fjernvarme. The utility provider has 3,800 meters installed and had been seeking ways to improve energy and operational efficiency of its district heating plant. The solution it decided on was to invest in intelligent meters being developed by Kamstrup, which could be remotely read and lets customers track consumption via smartphones. The smart meters also allow for monitoring leaks in the supply pipeline and also to observe operations output, as well as assisting the company to advise residents how to reduce their consumption.

All in all, the increasing acceptance of smart heat meters in residential district heating systems will guarantee the existence of a significant demand for the heat meters market over the coming years, as there is an escalating need for replacing conventional heating methods. Companies like Secure Meters, Kamstrup, Landis+Gyr, Engelman, Diehl, Danfoss, Ista, Siemens, Qundis and Sontex outline the heat meters industry dynamics, offering cost-effective metering solutions to a global consumer base.

Table Of Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimates & forecast parameters

1.4. Data Sources

1.4.1.   Primary

1.4.2.   Secondary    Paid sources    Public sources

Chapter 2. Executive Summary

2.1. Heat meter industry 3600 synopsis, 2013 - 2024

2.1.1.   Business trends

2.1.2.   Product trend

2.1.3.   Technology trends

2.1.4.   Application trends

2.1.5.   Regional trends

Chapter 3. Heat Meters Market Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.   Vendor Matrix

3.4. Innovation & sustainability

3.5. Regulatory landscape

3.5.1.   U.S

3.5.2.   Canada

3.5.3.   Europe    Germany    UK    Denmark    Sweden    Finland    Russia    Italy

3.5.4.   China

3.6. Customer requirement

3.7. Customer group requirement

3.8. Entry barriers

3.9. Price trend analysis

3.10.    Global & regional heat statistics, 2010 – 2015, TJ

3.11.    Heat generation stats from RE sources across key countries, 2010-2015

3.12.    Share of renewable energy in heating, 2015-2016

3.13.    Installed district heating capacity across key countries, GWth

3.14.    District heating pipeline network length across key countries (Km), 2016

3.15.    Primary energy demand outlook 2040, by region

3.15.1. OECD

3.15.2. China

3.15.3. India

3.15.4. Other Asian countries

3.15.5. Africa

3.15.6. Rest of World

3.16.    Primary energy demand outlook 2040, by fuel

3.16.1. Gas

3.16.2. Oil

3.16.3. Coal

3.16.4. Nuclear

3.16.5. Hydro

3.16.6. Renewables

3.17.    Industry impact forces

3.17.1. Growth drivers    North America     Stringent regulations toward emissions    Europe    Government incentives toward adoption of district heating systems     Extreme climatic conditions    Asia Pacific     Rapid urbanization & industrialization     Government focus toward clean energy directive

3.17.2. Industry pitfalls & challenges    Privacy concerns

3.18. Growth potential analysis

3.19.    Porter's analysis

3.20.    Competitive landscape, 2017

3.20.1. Company market share, 2017

3.20.2. Strategy dashboard

3.21.    Competitive benchmarking

3.22.    Degree of competition

3.22.1. North America

3.22.2. Europe

3.22.3. Asia Pacific

3.22.4. Middle East

3.23. PESTEL analysis

About Author

Rahul Varpe    

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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