APAC Heat Meter Market size is expected to extend at a significant CAGR from 2022 to 2028, according to a latest forecast report by Graphical Research.
The market growth is on account of increasing focus toward clean energy coupled with stringent government norms pertaining to the adoption of sustainable heating systems. Continuous technological innovations, in line with ongoing digitalization of meters with rising deployment of IoT devices will fuel the industry trend. Additionally, extreme climatic conditions along with favorable government incentives for installing district heating systems will positively impact the industry outlook.
The COVID-19 pandemic has marginally impacted the Asia Pacific heat meter market. Industry operations were delayed owing to strict government-imposed lockdowns and the number of infected cases across countries. However, the industry is set to gain an upsurge followed by continuous reduction in cases and the resumption of industrial operations. In addition, stringent regulations and focus on developing clean energy will fuel the market demand.
Vortex heat meter industry size will gain remarkable momentum during the forecast timeline, owing to rising emphasis on efficient energy management systems along with an increasing demand for reliable and accurate metering systems. Easy installation and commissioning, long term stability in line with accurate energy monitoring, and the capability to withstand extreme temperatures & pressure will boost the market growth. Furthermore, a paradigm shift toward the adoption of renewable devices coupled with positive government directives to curb carbon emissions will augment the industry landscape.
Mechanical heat meter market size is anticipated to grow substantially over the estimation period, on account of the expansion of district heating systems across industrial & commercial sectors coupled with rising requirements of combined heating & cooling applications. In addition, growing concerns toward greenhouse gas emissions in line with strict government regulations and policies for adopting sustainable heating systems will fuel the industry demand. Moreover, continuous urbanization and industrialization coupled with robust investment toward research & development will foster the industry dynamics.
Browse detailed statistical insights from the report, “Asia Pacific Heat Meters Market Forecast 2028 By Application (Residential, Commercial, Industrial), By Product (Ultrasonic, Vortex), By Technology (Mechanical, Static), Research Report, Country Outlook (China, Japan, South Korea), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Residential heat meter industry size is projected to rise substantially till 2028, owing to continuous installation of district heating and cooling systems across apartments along with an increasing focus on green energy directives. Growing demand for individualized billing patterns of single-unit energy consumption across multiple occupancy buildings will stimulate product penetration. Furthermore, rising requirement of real-time data monitoring systems owing to advancements in innovative heating infrastructure will positively sway the industry dynamics.
Japan heat meter market will witness substantial growth between 2022 and 2028, on account of stringent government policies to curb carbon emissions in line with the development of innovative technological solutions for efficient energy management. For instance, based on NESTI 2050, the government issued the Environment Innovation Strategy (EIS) in January 2020 as a road map to achieve the visions and technologies identified in NESTI 2050. The EIS also aims to update NESTI 2050 to consider Japan’s long-term strategy under the Paris agreement. Its goal is to develop innovative technologies that reduce GHG emissions for achieving carbon neutrality by 2050.
The heat meter in APAC market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028 for the following segments:
Asia Pacific Market, By Product
Asia Pacific Market, By Technology
Asia Pacific Market, By Application
The above information has been provided for the following countries: