Market Overview:
The global BTU meters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for smart BTU meters and rising awareness about energy conservation measures. The global BTU meters market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into mechanical BTU meters and smart BTU meters. Smart BTU meter held a larger share in 2017 owing to their ability to provide real-time data about energy consumption which helps in better decision making with respect to energy utilization. On the basis of application, the market is divided into residential use, commercial use, and industrial use segments. Commercial use held a larger share in 2017 due to growing demand for efficient management of energy resources across various industries such as hospitality & tourism, healthcare & pharmaceuticals etcetera . Regionally speaking , North America accounted for largest share in 2017 followed by Europe .
Product Definition:
BTU meters are devices used to measure the rate at which heat energy is transferred. They are typically used in HVAC systems to measure the amount of heat being output by a furnace or air conditioner. The use of BTU meters can help ensure that the system is working efficiently and not overloading.
Mechanical BTU Meters:
Mechanical BTU meters are used to measure the energy consumed by a mechanical device such as air conditioners, heat pumps, refrigerators and other electrical equipment. The product is an indirect measurement of power usage effectiveness (PUE) or power consumption efficiency which depends on the type of load applied to the device. PUE value represents how well a mechanical system is operating by measuring its energy performance against its designed goal.
Smart BTU Meters:
Smart BTU Meters is a device used to measure the amount of energy required to boil a liquid or solid in a closed vessel. The working principle of these meters is based on thermal transfer and heat capacity. These meters can be connected with Wi-Fi, which allows users to monitor their operations from any location via smartphone application.
Application Insights:
The industrial use segment dominated the global BTU meters market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to an increase in demand for energy efficient equipment across various industries such as food & beverage, chemical, paper and pulp, mining and metal manufacturing. In addition, growing focus on reducing greenhouse gas emissions is expected to drive the product demand further over the forecast period.
BTU meter is used extensively by commercial organizations as they provide accurate measurement of energy consumption at a specific time which helps them reduce electricity bills by identifying areas where higher power usage occurs thus encouraging organizations to opt for these meters over other types that are commonly used in residential settings.
Residential use accounted for a significant share of more than 40% in 2017 owing to increasing awareness among consumers regarding their electrical consumption habits.
Regional Analysis:
North America dominated the global BTU meters market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing energy consumption and stringent government regulations regarding energy consumption. For instance, according to a study published by the U.S Department of Energy in 2015, residential buildings accounted for approximately 30% of total annual greenhouse gas emissions from all sources in the U.S., while commercial buildings contributed around 20%.
Asia Pacific regional market captured significant share in 2017 due to growing industrialization coupled with rapid urbanization across emerging economies such as China and India on account of rising population density which has resulted into increased demand for electricity along with other utilities such as space heating & cooling equipment among others).
Growth Factors:
- Increasing demand for energy efficient devices: The global market for BTU meters is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for energy efficient devices across the world.
- Rising awareness about energy conservation: There is a growing awareness among consumers about the importance of conserving energy and using BTU meters to measure and monitor their usage patterns. This is likely to fuel the growth of the global BTU meter market in coming years.
- Growing popularity of smart homes: The popularity of smart homes is another key factor that is expected to drive growth in the global BTU meter market during the forecast period. Smart home appliances are equipped with sensors that help users track and monitor their power consumption, thus helping them save on electricity bills.
Scope Of The Report
Report Attributes
Report Details
Report Title
BTU Meters Market Research Report
By Type
Mechanical BTU Meters, Smart BTU Meters
By Application
Residential Use, Commericial Use, Industrial Use
By Companies
Landis+Gyr, Itron, GE Digital Energy, Siemens, Kamstrup, Xylem Inc, Elster Group, Itron, Aclara, Sagemcom, Leviton, Echelon, Nuri Telecom, E-Mon, Sanxing
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global BTU Meters Market Report Segments:
The global BTU Meters market is segmented on the basis of:
Types
Mechanical BTU Meters, Smart BTU Meters
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commericial Use, Industrial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Landis+Gyr
- Itron
- GE Digital Energy
- Siemens
- Kamstrup
- Xylem Inc
- Elster Group
- Itron
- Aclara
- Sagemcom
- Leviton
- Echelon
- Nuri Telecom
- E-Mon
- Sanxing
Highlights of The BTU Meters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical BTU Meters
- Smart BTU Meters
- By Application:
- Residential Use
- Commericial Use
- Industrial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the BTU Meters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
BTU meters are used to measure the amount of heat energy that is released from an object.
Some of the key players operating in the btu meters market are Landis+Gyr, Itron, GE Digital Energy, Siemens, Kamstrup, Xylem Inc, Elster Group, Itron, Aclara, Sagemcom, Leviton, Echelon, Nuri Telecom, E-Mon, Sanxing.
The btu meters market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. BTU Meters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. BTU Meters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. BTU Meters Market - Supply Chain
4.5. Global BTU Meters Market Forecast
4.5.1. BTU Meters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. BTU Meters Market Size (000 Units) and Y-o-Y Growth
4.5.3. BTU Meters Market Absolute $ Opportunity
5. Global BTU Meters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. BTU Meters Market Size and Volume Forecast by Type
5.3.1. Mechanical BTU Meters
5.3.2. Smart BTU Meters
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global BTU Meters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. BTU Meters Market Size and Volume Forecast by Application
6.3.1. Residential Use
6.3.2. Commericial Use
6.3.3. Industrial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global BTU Meters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. BTU Meters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global BTU Meters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. BTU Meters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global BTU Meters Demand Share Forecast, 2019-2026
9. North America BTU Meters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America BTU Meters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America BTU Meters Market Size and Volume Forecast by Application
9.4.1. Residential Use
9.4.2. Commericial Use
9.4.3. Industrial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America BTU Meters Market Size and Volume Forecast by Type
9.7.1. Mechanical BTU Meters
9.7.2. Smart BTU Meters
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America BTU Meters Demand Share Forecast, 2019-2026
10. Latin America BTU Meters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America BTU Meters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America BTU Meters Market Size and Volume Forecast by Application
10.4.1. Residential Use
10.4.2. Commericial Use
10.4.3. Industrial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America BTU Meters Market Size and Volume Forecast by Type
10.7.1. Mechanical BTU Meters
10.7.2. Smart BTU Meters
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America BTU Meters Demand Share Forecast, 2019-2026
11. Europe BTU Meters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe BTU Meters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe BTU Meters Market Size and Volume Forecast by Application
11.4.1. Residential Use
11.4.2. Commericial Use
11.4.3. Industrial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe BTU Meters Market Size and Volume Forecast by Type
11.7.1. Mechanical BTU Meters
11.7.2. Smart BTU Meters
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Aalysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe BTU Meters Demand Share, 2019-2026
12. Asia Pacific BTU Meters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific BTU Meters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific BTU Meters Market Size and Volume Forecast by Application
12.4.1. Residential Use
12.4.2. Commericial Use
12.4.3. Industrial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific BTU Meters Market Size and Volume Forecast by Type
12.7.1. Mechanical BTU Meters
12.7.2. Smart BTU Meters
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific BTU Meters Demand Share, 2019-2026
13. Middle East & Africa BTU Meters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa BTU Meters Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa BTU Meters Market Size and Volume Forecast by Application
13.4.1. Residential Use
13.4.2. Commericial Use
13.4.3. Industrial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa BTU Meters Market Size and Volume Forecast by Type
13.7.1. Mechanical BTU Meters
13.7.2. Smart BTU Meters
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa BTU Meters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global BTU Meters Market: Market Share Analysis
14.2. BTU Meters Distributors and Customers
14.3. BTU Meters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Landis+Gyr
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Itron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE Digital Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kamstrup
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Xylem Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Elster Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Itron
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aclara
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sagemcom
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Leviton
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Echelon
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nuri Telecom
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. E-Mon
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sanxing
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
