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    North America Heat Meters Market Forecast 2028 By Product (Ultrasonic, Vortex), By Technology (Mechanical, Static), By Application (Residential, Commercial, Industrial), Research Report, Country Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: April 2022   |   Report ID: GR2101   |   Delivery: PDF  Request Free Sample

    North America Heat Meters Market size is anticipated to showcase around 5% CAGR from 2022 to 2028. Increasing carbon emission concerns along with rising emphasis on the development of efficient energy management technologies will boost the market demand. Heat meters measure heat consumption from heat distribution networks. Favorable government schemes and regulations pertaining to the expansion of renewable heating systems in line with an increasing energy demand will sway the industry outlook.

    The COVID-19 outbreak has slightly impacted the industry owing to rising number of infected cases along with imposed lockdowns & limitations. However, the industry has gained momentum due to reductions in infected cases and the resumption of industrial operations. Furthermore, the rising demand for efficient heating systems along with continuous technological advancements will fuel industry dynamics.

    North America Market, By Product

    Ultrasonic heat meter product segment will rise substantially through 2028, owing to rapid industrialization & urbanization coupled with an increasing adoption of district heating systems. In addition, accurate measurements, dirt resistance, long - term stability, low energy consumption, and durability are some of the features that will positively impact the market demand. Furthermore, increasing consumer shift toward efficient heating units along with increasing instances of extreme climatic conditions will accelerate the industry growth.

    North America Market, By Technology

    Static heat meters market size will gain remarkable momentum during the forecast timeline, on account of the adoption of automated & advanced building technologies along with government incentives toward the development of sustainable energy systems. In addition, various system design tools, such as RETScreen and REopt, which were developed by the Canadian government and the U.S. Department of Energy, respectively, to cater the requirements will boost the market revenue. Furthermore, growing demand for reliable heating systems coupled with precise data measurements owing to the static measurement of these meters will fuel the industry scenario.

    North America Market, By Application

    Residential heat meters segment size will increase exponentially till 2028, due to the rising demand for home automation systems in line with effective management of heat consumption pattern. Favorable federal government & organization incentives including taxes and grants to encourage homeowners, municipal leaders, and business owners for the installation of renewable heating & cooling technologies will fuel the market size. Moreover, growing consumer preference for individualized billings for heat consumption measurements of single units from multi story apartments will impel the market demand.

    North America Market, By Country

    U.S. heat meters market size will witness a significant upsurge over the coming years, attributed to rising focus toward clean energy along with growing infrastructure for advanced heating units. In addition, stringent norms & standards in line with favorable government funds for the expansion of commercial sector will augment the industry landscape. The U.S. heat metering standard aims to support consumers in choosing efficient meters and promote market quality by standardizing an accuracy level for products.

    Competitive Industry Landscape

    The major players operating across the North America heat meters market include Quadlogic Meters Canada Inc., Siemens, Sontex SA, Danfoss, Sensus, Zenner International GmbH & Co. KG, Diehl Stiftung & Co. KG, Landis + Gyr, and Kamstrup.

    Frequently Asked Question(FAQ) :

    How big is the North America heat meters market?
    The market value for heat meters in North America is expected to grow at a CAGR of 5% between 2022 and 2028 owing to the escalating emphasis on the development of efficient energy management technologies.
    What factors will drive static heat meters segment growth in North America?
    The market share for heat meters in North America is set to expand on account of growing government incentivization toward the development of sustainable energy systems.
    Why is the heat meters industry share rising in the U.S.?
    The market size for heat meters in U.S. is poised to grow through 2028 considering the rising focus toward clean energy and increasing infrastructure for advanced heating units.
    Which are major companies in North America heat meters landscape?
    Prominent players in North America industry comprise Siemens, Quadlogic Meters Canada Inc., Zenner International GmbH & Co. KG, Landis + Gyr, Kamstrup, and others.

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