Global Smart Heat Meter Market Overview:
A heat meter refers to a device that measures thermal energy by measuring the flow rate of heat transfer fluid and change in temperature. Generally, a heat meter is used in industrial manufacturing plants where they measure boiler outputs. Heat meters are utilized to get the correct data of heat flow. As the regulations and legislation may change multiple times over the years; the installation of smart heat meters is preferred to be flexible. With the smart heat meter data, one can optimize the performance for reducing the bills.
Growth Drivers
- Need of Heat Measurement in Manufacturing Facilities
- The demand for Smart Heat Meter for Performance Optimization for Reduced Costs
Market Trends
- Introduction of Ultrasonic Smart Heat Meters
Roadblocks
- Smart Heat Meter May Give Inaccurate Reading in Case of Rapid Temperature Changes
Opportunities
- Growing Manufacturing Activity Across the Globe Will Increase the Demand of Smart Heat Meter
- New Innovations in Heat Measurement Technology Will Boost the Demand of Smart Heat Meter
Challenges
- Many Environmental Sources Can Cause Error in Reading of Smart Heat Meter
- Long Life of Smart Heat Meter Means Lack of Repeated Demand in Short Term
Competitive Landscape:
Some of the key players profiled in the report are Diehl (Germany), Kamstrup (Denmark), Sensus (United States), Xylem Inc (United States), Stream Measurement (United Kingdom), Smart Energy International (Belgium), Engelmann (Germany), Vital Energi (United Kingdom), Qundis (Germany) and Zenner (Germany). Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Smart Heat Meter market.
Latest Market Insights:
On Dec 1st, 2020, Brunata and ZENNER, leading companies in the field of water, heat, and energy measurement solutions, announce the merger of their subsidiaries in France, creating BRUNATA ZENNER SAS. This significant move is part of a larger initiative to improve and reorganize the Brunata-Minol-ZENNER group, of which the two French companies are apart, with the aim of being customers' partners by providing full solutions. The company offers goods and systems for consumption calculation, energy management, cost delivery in homes, electronic mobility, and a broad variety of Internet of Things applications for smart cities through its global network of businesses.
According to Heat network Regulation in the UK, “Under the Regulations, the operators of heat networks must submit notifications for the heat networks they operate. They must where required, install metering devices on those networks. Operators whose networks are fitted with metering devices must meet ongoing obligations including using these devices to bill customers based on their consumption of heating, cooling or hot water.”
What Can be Explored with the Smart Heat Meter Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Smart Heat Meter Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Smart Heat Meter
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Heat Meter market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Heat Meter market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Smart Heat Meter Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.