Heat Meter Market to Grow $1,218.9 million by 2023 - Leading key players are Kamstrup, ... - 0 views
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Almira Coyne on 15 Feb 21The global heat meter market is projected to reach USD 1,218.9 million by 2023 from an estimated USD 849.1 million in 2018, at a CAGR of 7.50%. This growth can be attributed to the increasing mandatory legislative requirement to install heat meters for accurate measurement of heat consumption. Browse 63 market data Tables and 40 Figures spread through 119 Pages and in-depth TOC on "Heat Meter Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=87058049 The residential segment is expected to hold the largest share of heat meter market, by type, during the forecast period. The residential segment is estimated to dominate the heat meter market in 2018 and is projected to have the largest market share during the forecast period. Increase in the number of residential dwellings across the globe year on year has made a positive impact on heat meter market during the forecast period. Residential spaces connected to district heating and cooling networks necessarily require heat meters as it is by far the best practice for generating energy bills based on consumption. The wireless connection segment is expected to be the fastest growing segment of the heat meter market, by connectivity, during the forecast period. The wireless connection segment accounted for the highest CAGR during the forecast period. Growth of this segment can be attributed to the advancement in technologies, lower cost of installation and maintenance, higher reliability, and ease of use. Europe region is expected to witness a high growth in wireless connection segment during the forecast period because of the increased spending in connectivity technologies infrastructure.