Market Overview:
The global smart meters for district heating systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient solutions and the growing awareness about the benefits of smart meters for district heating systems. In terms of type, the mechanical heat meter segment is expected to lead the global market during the forecast period, followed by ultrasonic heat meter. In terms of application, commercial segment is expected to lead the global market during 2018-2030 owing to rising demand from large enterprises and industries across different regions.
Product Definition:
Smart meters are digital devices that measure the consumption of electricity, gas or water in an organization. They provide accurate real-time readings which can be used to optimize energy use and identify any potential leaks. This helps to conserve resources, save money and reduce emissions.
Mechanical Heat Meter:
Mechanical heat meter is a device that measures the amount of heat loss or gain from one or more points in an energy-efficient heating system. It can be used with any type of domestic hot water tank, solar thermal collector, geyser, hydronic radiant floor heating systems and other energy sources. Mechanical heat meters are available in different forms such as portable and fixed temperature types.
Ultrasonic Heat Meter:
Ultrasonic heat meters are used to measure the flow of water through a heating system. They work on the principle of sound waves generated by an ultrasonic transducer that interact with the liquid and cause vibrations in it. These vibrations are then absorbed by sensors in the meter, which displays either real-time or delayed temperature readings as per requirement.
The product is ideal for monitoring.
Application Insights:
The commercial segment dominated the global smart meters for district heating systems market, accounting for a share of more than 60.0% in 2017. The growth can be attributed to the increasing adoption of smart meters across large commercial buildings and public utility infrastructure projects (PUIs). These devices help monitor and control energy usage, which helps in reducing electricity costs as well as increasing efficiency.
Residential application is expected to grow at a significant rate over the forecast period owing to rising awareness about energy consumption among consumers coupled with government initiatives encouraging installation of these devices across residential buildings globally. For instance, under its partnership with Npower Group Ltd., British Columbia Hydro Electric System Corporation encourages customers who have old analog electric meters to replace them with digital models by offering a 0 credit on their next bill if they do so by March 2019.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in smart grid development and adoption of district heating & cooling systems. China, Japan, South Korea, Taiwan, India and Australia are some of the countries that have adopted a large number of DHC systems for their energy requirements. In addition, growing awareness regarding global warming issues has resulted in increased deployment of these systems across various regions including Europe and Asia Pacific.
Europe accounted for more than 25% revenue share in 2017 owing to early adoption by several countries such as Denmark (heat meters), Norway (mechanical heat meter), Sweden (mechanical heat meter) along with Finland where both types are used together based on customer requirement). Germany along with U.K., Italy also contributed significantly towards industry growth due to early acceptance followed by other European nations such as Belgium Netherlands Hungary Romania Croatia Russia Turkey etc.).
Growth Factors:
- Increasing demand for energy efficient systems: The global market for smart meters is expected to grow at a CAGR of more than 20% from 2016 to 2020. This is due to the increasing demand for energy efficient systems across the world. Smart meters help in reducing wastage of energy and improving the overall efficiency of a district heating system.
- Government initiatives and regulations: Governments around the world are promoting the installation of smart meters in order to improve energy efficiency and reduce greenhouse gas emissions. There are also various regulations mandating their installation which is aiding in their growth prospects. For instance, In Europe, Directive 2009/72/EC mandates all electricity suppliers with more than 250,000 customers install smart meters by 2020 whereas California’s AB 327 requires all utility companies serving residential customers install advanced metering infrastructure (AMI) by 2019 .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Meters for District Heating Systems Market Research Report
By Type
Mechanical Heat Meter, Ultrasonic Heat Meter
By Application
Residential, Commercial
By Companies
Kamstrup, Diehl, Ista, Secure Meters, Vital Energi, Landis+Gyr, Danfoss, Xylem Inc, Qundis, Zenner, B METERS, Axioma Metering, Cheonix, G2 misuratori, Spire Metering Technology, CMC GROUP, VERAUT GmbH, SUNTRONT TECH, Weihai Ploumeter, XI'AN FLAG ELECTRONICS
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Smart Meters for District Heating Systems Market Report Segments:
The global Smart Meters for District Heating Systems market is segmented on the basis of:
Types
Mechanical Heat Meter, Ultrasonic Heat Meter
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, Commercial
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:
- Kamstrup
- Diehl
- Ista
- Secure Meters
- Vital Energi
- Landis+Gyr
- Danfoss
- Xylem Inc
- Qundis
- Zenner
- B METERS
- Axioma Metering
- Cheonix
- G2 misuratori
- Spire Metering Technology
- CMC GROUP
- VERAUT GmbH
- SUNTRONT TECH
- Weihai Ploumeter
- XI'AN FLAG ELECTRONICS
Highlights of The Smart Meters for District Heating Systems 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 Heat Meter
- Ultrasonic Heat Meter
- By Application:
- Residential
- Commercial
- 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 Smart Meters for District Heating Systems 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?
A smart meter is a type of electronic device that can be installed in a home or business to measure and report energy use. The data collected by the smart meter can then be used to improve the efficiency of district heating systems, which are used to heat large areas using hot water, steam, or chilled water. By monitoring energy use and improving system efficiency, district heating systems can help reduce greenhouse gas emissions.
Some of the major players in the smart meters for district heating systems market are Kamstrup, Diehl, Ista, Secure Meters, Vital Energi, Landis+Gyr, Danfoss, Xylem Inc, Qundis, Zenner, B METERS, Axioma Metering, Cheonix, G2 misuratori, Spire Metering Technology, CMC GROUP, VERAUT GmbH, SUNTRONT TECH, Weihai Ploumeter, XI'AN FLAG ELECTRONICS.
The smart meters for district heating systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Meters for District Heating Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Meters for District Heating Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Meters for District Heating Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Meters for District Heating Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Meters for District Heating Systems Market Size & Forecast, 2018-2028
4.5.1 Smart Meters for District Heating Systems Market Size and Y-o-Y Growth
4.5.2 Smart Meters for District Heating Systems Market Absolute $ Opportunity
Chapter 5 Global Smart Meters for District Heating Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Meters for District Heating Systems Market Size Forecast by Type
5.2.1 Mechanical Heat Meter
5.2.2 Ultrasonic Heat Meter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Meters for District Heating Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Meters for District Heating Systems Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Meters for District Heating Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Meters for District Heating Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Meters for District Heating Systems Analysis and Forecast
9.1 Introduction
9.2 North America Smart Meters for District Heating Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Meters for District Heating Systems Market Size Forecast by Type
9.6.1 Mechanical Heat Meter
9.6.2 Ultrasonic Heat Meter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Meters for District Heating Systems Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Meters for District Heating Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Meters for District Heating Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Meters for District Heating Systems Market Size Forecast by Type
10.6.1 Mechanical Heat Meter
10.6.2 Ultrasonic Heat Meter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Meters for District Heating Systems Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Meters for District Heating Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Meters for District Heating Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Meters for District Heating Systems Market Size Forecast by Type
11.6.1 Mechanical Heat Meter
11.6.2 Ultrasonic Heat Meter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Meters for District Heating Systems Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Meters for District Heating Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Meters for District Heating Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Meters for District Heating Systems Market Size Forecast by Type
12.6.1 Mechanical Heat Meter
12.6.2 Ultrasonic Heat Meter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Meters for District Heating Systems Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Meters for District Heating Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Meters for District Heating Systems Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Meters for District Heating Systems Market Size Forecast by Type
13.6.1 Mechanical Heat Meter
13.6.2 Ultrasonic Heat Meter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Meters for District Heating Systems Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Meters for District Heating Systems Market: Competitive Dashboard
14.2 Global Smart Meters for District Heating Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kamstrup
14.3.2 Diehl
14.3.3 Ista
14.3.4 Secure Meters
14.3.5 Vital Energi
14.3.6 Landis+Gyr
14.3.7 Danfoss
14.3.8 Xylem Inc
14.3.9 Qundis
14.3.10 Zenner
14.3.11 B METERS
14.3.12 Axioma Metering
14.3.13 Cheonix
14.3.14 G2 misuratori
14.3.15 Spire Metering Technology
14.3.16 CMC GROUP
14.3.17 VERAUT GmbH
14.3.18 SUNTRONT TECH
14.3.19 Weihai Ploumeter
14.3.20 XI'AN FLAG ELECTRONICS
