Selbyville, Delaware, Sept. 04, 2018 (GLOBE NEWSWIRE) --
Heat Meters Market share is anticipated to surpass USD 1 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Accelerating investments toward the development of sustainable heating technologies along with ongoing expansion of residential and commercial establishments will foster the heat meter market demand.
Favorable regulatory policies pertaining to energy efficiency along with rising concern toward carbon emissions will further stimulate the industry growth. For instance, the government of Canada signed the Copenhagen Accord in 2009 and the Paris Agreement under its climate action plan to reduce GHG emissions by 17% by 2020 below 2005 levels.
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Germany heat meter market is set to exceed installation of 1 million units by 2024. Increasing demand for district heating technology on account of changing climatic conditions across the nation will positively influence the product demand. Favorable regulatory policies pertaining to the adoption of sustainable energy devices coupled with increasing investments toward the development of commercial sector will propel the industry growth.
Upsurge in demand for effective energy management systems along with rising need for individualized metering across multistory buildings will foster the heat meters market growth. Billing accuracy, cost saving, energy consumption monitoring and various communication options are some of the key features which make its adoption preferable. In addition, the growing need for reliable and accurate metering systems coupled with deployment of IoT platform will further boost the industry growth.
Commercial heat meter market will grow on account of development of combined heating and cooling technologies along with growing adoption of sustainable building codes and standards. In addition, flourishing service sector coupled with upsurge in investments toward the development of residential establishments will positively impact the product penetration. Ongoing expansion of innovative energy efficiency solutions, efficient heating infrastructure and energy management systems will encourage the product demand.
Browse key industry insights spread across 320 pages with 483 market data tables & 35 figures & charts from this 2018 report Heat Meters Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/heat-meters-market
Japan heat meter market will grow on account of increasing concerns toward security of supply along with large-scale deployment of sustainable heating systems. In addition, rapid economic growth coupled with stringent regulatory norms toward emission reduction will further encourage the product adoption. Technological advancement in product design and development backed by extensive research and development activities by leading industry players will accelerate the business growth.
Static heat meter market is set to grow on account of growing adoption of advanced and automated building technologies along with rapid expansion of commercial and industrial establishments across the emerging economies. Accelerating demand for trigeneration technologies along with high data precision recording mechanism will positively influence the product growth.
High durability, low energy consumption, data accuracy, and long-term stability are some of the key features which will stimulate the vortex heat meter market share. In addition, the increasing investments toward development of service sector across the European economies will positively influence the product penetration. Effective measurement of heat consumption along with low maintenance cost owing to non-movable parts will further fuel the business growth.
Eminent players across the heat meters market include Diehl, Kamstrup, Landis+Gyr, Itron, Danfoss, Engelman, Sontex, Wecan, Huizhong, Siemens, Techem, Quandis, Zenner, Ista, MWA, Apator, Secure Meters, Micronics, Weihai Ploumeter, Sensus and Axioma.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.