The Global Heat Meter Market to 2026: Analysis by Type, Connectivity and End-user - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Heat Meter - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Heat Meter market accounted for $789.87 million in 2017 and is expected to reach $1,814.17 million by 2026 growing at a CAGR of 9.7% during the forecast period.
Some of the key factors propelling the market growth are the mandatory legislative requirement to install heat meters, accurate measurement of heat consumption, and increased savings through heat conservation.
However, the capital cost associated with heat meters are restraining factors for the growth of the heat meter market. Additionally, a rise in the development of district heating infrastructure is considered as the market growth opportunities.
By type, static heat meter segment acquired significant growth for providing reliable flow and energy readings, which are used in building technology and automation and in district heating.
Based on end user, residential segment has lucrative market growth due to the adoption in the residential sector, which includes large multifamily buildings, luxury apartments, and single-family homes.
On the basis of geography, Asia Pacific region is projected to fuel the market due to the increase in construction activities and change in climatic conditions offer high growth opportunities for the heat meter market in this region.
Types Covered:Static Heat Meter Mechanical Heat Meter Vortex Other Types
Connectivities Covered:Wireless Connection Wired Connection
End-Users Covered:Industrial Residential Commercial & Public
Companies Profiled:Siemens Kamstrup Danfoss Engelmann Sensus (Xylem) Sontex Qundis Landis+Gyr Zenner Wasion Group Itron Ista Elster Diehl
For more information about this report visit https://www.researchandmarkets.com/research/rws6xn/the_global_heat?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005215/en/
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INDUSTRY KEYWORD: ENERGY UTILITIES
SOURCE: Research and Markets
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PUB: 01/18/2019 07:53 AM/DISC: 01/18/2019 07:53 AM