Europe Heat Meter Market Size, Share, Growth Analysis, By Product(Ultrasonic, Vortex, and Others), By Application(Residential, Commercial, and Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIR55E2043 | Region: Regional | Published Date: April, 2024
Pages: 157 | Tables: 63 | Figures: 70

Europe Heat Meter Market News

In January 2023, the European Commission proposed a new regulation that would require all new buildings in the EU to be equipped with smart heat meters by 2027. This is expected to boost the demand for heat meters in the region by an estimated EUR 2.5 billion per year.

In February 2023, the German government announced a plan to invest EUR 100 billion in district heating systems over the next decade. This is expected to create demand for an additional 10 million heat meters in Germany.

In March 2023, the Swedish company Kamstrup launched a new smart heat meter that uses blockchain technology to provide more accurate and secure data. This is the first heat meter to use blockchain technology, and it is expected to be a major breakthrough in the industry.

Europe Heat Meter Market Report Snapshots

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Europe Heat Meter Market size was valued at USD 830 million in 2021 and is poised to grow from USD 871.50 million in 2022 to USD 1287.60 million by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).

The competitive landscape of the Europe heat meter market is marked by the presence of a diverse array of players aiming to capitalize on the growing demand for energy-efficient solutions. Established companies such as Kamstrup A/S, Danfoss Group, and Landis+Gyr AG hold prominent positions, leveraging their extensive industry experience and technological expertise. These players are continuously innovating and offering a wide range of heat metering solutions that cater to various segments, including residential, commercial, and industrial applications. Collaborations, partnerships, and strategic acquisitions are strategies being employed by key companies to enhance their market presence and expand their product portfolios. 'Kamstrup A/S', 'Danfoss Group', 'Landis+Gyr AG', 'Ista International GmbH', 'Siemens AG', 'Diehl Stiftung & Co. KG', 'Sensus Metering Systems GmbH', 'ENGIE SA', 'Techem GmbH', 'Qundis GmbH', 'Sontex SA', 'IDEX Corporation', 'Zenner International GmbH & Co. KG', 'Plouvier Group', 'Sappel S.A.'

Stringent regulations and environmental concerns are driving the adoption of energy-efficient technologies, including heat meters, to monitor and optimize energy consumption, thereby reducing carbon emissions.

Rise in Renewable Energy Adoption: The increasing focus on sustainable and renewable energy sources, such as district heating systems, biomass, and geothermal, is driving the demand for heat meters. These meters are crucial for accurately measuring energy consumption and optimizing efficiency in these energy systems.

The heat meters market revenue in Sweden is anticipated to experience a highly promising growth trajectory from 2023 to 2030. This trajectory will be driven by several factors, including advantageous financial incentives and schemes introduced by the government, coupled with the robust expansion of industrial and commercial establishments. The growing inclination of consumers towards intelligent heat metering units, combined with the increasing uptake of renewable energy sources, is poised to amplify the demand for such meters.

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Europe Heat Meter Market Size, Share, Growth Analysis, By Product(Ultrasonic, Vortex, and Others), By Application(Residential, Commercial, and Industrial), By Region - Industry Forecast 2024-2031

Europe Heat Meter Market News

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