Europe Heat Meter Market

The Europe heat meter market was valued at USD 0.5731 billion in 2021 and is projected to reach USD 0.8334 billion with a CAGR of 5.5% during the forecast period, 2022-2028. Increasing the installation of district heating systems throughout the residential sector of apartments and small homes and the strict government requirements for introducing heating units are the major factors restoring the global heat meter market. Furthermore, Increased investment in construction machinery for infrastructure expansion and increased demand for heating systems are among the key factors projected over the forecast period to drive the European market growth for heat meters.

What is Heat Meter?

A heat meter is an instrument used to measure the thermal energy supplied by a heat source. It measures the flow of the heat transfer medium and the temperature change between the flow and the return. The heat meter consists of three main parts a flow sensor, a calculator, and a pair of temperature sensors. The heat meter device is designed to operate at nominal flow rates. It can operate at or just below this flow rate most of the time. However, the heat meter can work twice the nominal flow rate for short periods.

Growth Driver

Government incentives to encourage the use of district heating systems

The government encourages smart heat meters to support emission reduction targets in energy efficiency optimization. Furthermore, smart heat meters provide accurate information about flow and temperature that can be combined with additional measurements such as pressure in strategically important parts of the network to provide district heating suppliers with distribution networks. District heating system is becoming more popular due to central heating and the distribution of heat to individual apartments and commercial buildings. These systems produce hot water in a central system located in the basement of individual buildings for hot water and heating.

Pre-Covid-19 impact on the Europe Heat Meter market

Before the covid-19, the European heat meter market had an increased heat meter adoption rate. Because of the Under EED 2012, European Union member states are obliged to implement national regulations governing measuring instruments for individual apartment accounting. In addition, heat meters will need to be included in some plans soon to build a surface heating network and refurbish it to EU standards. Poland, Denmark and France offer the largest heat meters.

Covid-19 impact on the European Heat Meter market

The Covid-19 pandemic is impacting the heat meter market significantly. Many manufacturers are expected to reduce production due to factory closures. Heat meters are used in several industries to measure the boiler output of heating systems and cooling units’ cooling output. Residential characteristics are an important source of information for end-users of heat meters. However, the disruption of the construction sector due to the COVID 19 pandemic can adversely affect sales of heat meters. Luxury homes are at a difficult stage, and recovery is unclear.

Post Covid-19 impact on the Europe Heat Meter market

Covid 19 period has been eased, and vaccination campaigns have taken place in cities. The workflow has begun and is helping to revive market participants. Ongoing government efforts, financing schemes with ESIF, Horizon 2020, European Fund for Strategic Development & the Green Heat Network Fund Scheme (GHNF), and others have improved sustainable heating structures. Difficult climate situations throughout the Arctic, snowstorms & excessive low temperatures, and growing call for heating structures throughout business institutions, will increase the European warmness meters marketplace for enterprise gamers. Regulations on economic growth and the rise of start-ups and government support are expected to increase the reputation of the heat meter market during the forecast period.

Product Segmental Analysis

The heat meter market is segregated into an ultrasonic, vortex, and others based on the product. The ultrasonic segment is estimated to have the highest market share in the product type for the heat meter market due to low energy consumption, high data accuracy, durability, stain resistance, and long-term stability. These are the key features that positively affect product penetration. Rapid industrialization and growing demand for efficient and sustainable heating systems will drive market growth.

Technology Segmental Analysis

The European heat meter market is categorized into Mechanical and Static based on technology. The Static segment held a significant market share in 2021. The growth is due to the increasing demand for applications that combine heating and cooling and accurate data acquisition on static measurement principles, which drives product penetration. The adoption of automated and advanced building technologies and the expansion of heating systems in industrial and commercial facilities will accelerate the market growth.

Application Segmental Analysis

The European heat meter market is classified into residential, commercial, and industrial based on the application. The residential segment is anticipated to account for the highest market share of the European heat meter market due to the consumer preference for a personal payment method for measuring single heat consumption in multi-story residential facilities will strengthen product deployment. The increasing installation of residential heating systems in apartments and cottages and strict regulations on the application of heating devices will accelerate the commercial momentum of heat meters.

Country Segmental Analysis

The European heat meter market is segmented into Germany, the UK, France, Italy, Spain, Rest of Europe. Germany is estimated to project considerable growth over 2022-2028. It is due to Rapid urbanization, industrialization, and the fast-growing real estate sector that will increase the demand for heat meters and have a positive effect on product development. These regions are characterized by strong service industry and changing weather conditions, especially in winter.

Competitor Analysis

Companies include Apator S.A, Axioma Metering, B Meter, Diehl Stiftung & Co., Danfoss, Engelman, Itron Inc, Insta Energy Solution Ltd., Kamstrup, Micronics Ltd., Simens, Secure Meter Ltd., Sontex, Schneider Electric, Others Prominent Players are the key players in the heat meter market. Key Stakeholders

• Market research and consulting firms
• Industry associations
• Local governments
• Research organizations and consulting companies
• Regulatory bodies
• Europe heat meter providers
• Suppliers

Recent Developments

• In Feb 2021, the MID certificate confirmed that Qalcosonic E4 meters had met the highest metrological standards. This certificate was the testing laboratory of the Lithuanian energy institute and issued by the registered body of thermal equipment research. Axioma has begun mass production of the latest Qalcosonic E4 ultrasonic heat meter with composite flow components. Therefore, they are ready for commercial use.
• In May 2018, the Danfoss team, accountable for developing, manufacturing, and selling heat meter and automatic meter reading solutions, announced successful narrowband Internet of Things testing.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 0.5731 Billion
The revenue forecast in 2028	USD 0.8334 Billion
Growth Rate	CAGR of 5.5% from 2022 to 2028
Historical data	2017-2020
Forecast period	2022 – 2028
Region covered	Germany, UK, France, Italy, Spain, Rest of Europe
Key companies Profiled	Apator S.A, Axioma Metering, B Meter, Diehl Stiftung & Co., Danfoss, Engelman, Itron Inc, Insta Energy Solution Ltd., Kamstrup, Micronics Ltd., Simens, Secure Meter Ltd., Sontex, Schneider Electric, Others Prominent Players

Market Modelling

By Product

• Ultrasonic
• Vortex
• Other

By Technology

• Mechanical
• Static

By Application

• Residential
• Commercial
• Industrial

By Country

• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe

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