Asia Pacific Heat Meters Market size is poised to witness remarkable growth between 2022 and 2028.
The market growth is on account of stringent government regulations toward carbon emissions coupled with increasing adoption of renewable heating units. Heat meters are devices that are used to measure the amount of thermal energy consumed by each property. Rapid urbanization and industrialization in line with the growing demand for energy-efficient systems will propel the industry growth.
The COVID-19 outbreak has marginally affected the Asia Pacific heat meters industry on account of strict government restrictions and lockdown across countries. The industry was impacted by limited workforce coupled with a significant delay in industrial operations. However, ongoing vaccination facilities in line with a in the number of infected cases will accelerate the business landscape.
Asia Pacific Market, By Product
The ultrasonic heat meters segment will grow substantially through 2028, owing to robust government incentives and directives coupled with extreme climatic conditions. High accuracy, accurate measurements, low comprehensive cost, and long service life along with low energy consumption of these meters will positively impact the market scenarios. In addition, an increasing shift toward efficient energy management along with the rising demand for reliable metering systems will drive the industry outlook.
Asia Pacific Market, By Technology
The static heat meters demand will witness an upsurge during the forecast timeframe, on account of rising installations of energy measuring equipment across the residential and commercial sectors along with the continuous development of advanced building technologies. Long-term stability, high durability & reliable operations, and precise data recording owing to its static measurement principal will foster the market demand. Moreover, an increasing demand for combined heating & cooling in line with the expansion of district heating systems will fuel the market growth.
Asia Pacific Market, By Application
The commercial application segment will gain remarkable momentum till 2028, due to increasing government investments toward the enhancement of the service sector along with favorable policies & mandates focusing on the installation of sustainable devices. Favorable policies pertaining to the development of efficient energy management systems along with extensive research and development activities toward technological enhancements will influence the industry scenario.
Asia Pacific Market, By Country
China will dominate the Asia Pacific heat meters market share in the coming years, attributed to increasing government policies and mandates toward adopting clean energy in line with focusing on the development of renewable heating technologies. For instance, in January 2022, Recon, a Chinese variable interest entity, entered into a contract with Dalian West Pacific Petrochemical Company Limited to provide maintenance & operation services for metering instruments including flow meters & alarms used within refineries for a duration of three years.
Competitive Industry Landscape
The eminent players across the industry include Kamstrup, Diehl Stiftung & Co. KG, Sensus, ZENNER International GmbH & Co. KG, Danfoss, Siemens, Secure Meters Ltd., Landis+Gyr, WEIHAI PLOUMETER CO., LTD., and Huizhong Instrumentation Co., Ltd.