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    Water and Heat Meters Market to Grow at a CAGR of 5.1% During the Forecasting Period 2021 to 2026
    (I-BusinessNews.Com, October 29, 2021 ) The Global Water and Heat Meters Market is estimated to reach $ 9913.7 million, growing at a CAGR of 4% and $ 821.7 Million with a CAGR of 5.1% respectively from 2021 to 2026. Heat and Water meters are devices which measures thermal energy delivered to a sink by a source and volume of water used by residential, commercial, industrial building units respectively. Smart Water Meter are generally cash registers for the water metre industry which adds value to the overall metre scheme, drive sales and help ensure the efficiency of the decision-making information generated by the metre application. This tend to show a significant growth and is expected to reach $ 8667.81 Million in 2026. For water services around the world, data analytics, smart water technologies and logistics continue to be at the forefront as they solve issues facing the sector, such as growing demand, increasing water conflict, rising energy costs and ageing water systems. Many of water related issues can be easily solved by implementing Advanced Smart Water Metering system thereby contributing to the growth of the market.The growth of residential and commercial sectors due to the urbanization along with the growth of industrial sectors such as water and wastewater, chemical, Electronics and others have driven the market.

    Water and Heat Meters Market Segment Analysis – By Technology

    By Technology the Market is segmented as Water Meter (Positive Displacement, Differential Pressure, Ultrasonic, Electromagnetic, Turbine, Coriolis, Multijet, Others), Heat Meter (Multijet, Turbine, Electromagnetic, Ultrasonic, Others). Ultrasonic is estimated to reach $2620.7 Million by the forecast period 2021-2026, growing with a CAGR of 6.5%. Ultrasonic flow metre comes with two transducers that activate sound waves. The rate of the water flowing through a pipe is measured by sound waves. In order to evaluate the flow rate, the transmitter processes signals from the transmitted wave and its reflections. There are different attributes that make it generally appropriate for this form of technology. Ultrasonic metres have a long life and do not need calibration, since there are no moving parts. These metres have a marginal lack of pressure, can calculate incredibly low water flow with high precision, can be mounted in any direction without air flow and reverse water flow being affected. Ultrasonic water metres have been an increasingly common alternative in the different applications of water metering because of all the aforementioned benefits. In December 2020, Diehl Group was selected by The Federal Electricity & Water Authority (FEWA), which supplies electricity and drinking water to the northern Emirates which has led to expansion of Diehl’s HYDRUS ultrasonic meters to upgrade its network. This new contract strengthens Diehl Group’s presence in the UAE further expanding its growth.

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    Water and Heat Meters Market Segment Analysis – By End Users

    By End Users the market is segmented into Residential, Commercial, Industrial (Water and Wastewater, Chemical, Oil and Gas, Food and Beverages, Semiconductor and Electronics, Medical and Pharmaceutical, Power and Energy, Metal and Mining, Paper and Pulp, Others. Industrial sector is witnessing a significant growth in a market and estimated to reach $2260.7 Million, growing at a CAGR of 5.1%. The growth is attributed due to the surge of various industrial verticals such as water and waste water, chemicals, Oil and Gas and others. According to Federal Ministry for the Environment, Nature Conservation and Nuclear Safety more than 96 percent of German population is connected to the public sewage system and 10.07 billion cubic meter of waste water were collected and treated in public sewage treatment facilities in 2020. The public sewage system covers 540,723 kilometres of sewers and discharged into 10,000 waste water treatment facilities. Water meters measures liquid all phases including sludge by-products, large volumes of fluid carrying suspended solids. In March 2020, Rotterdam (city in Netherland) Integrated Food Projects that are going on in progress that is helping to create carbon-neutral manufacturing factory. Integrated Food Projects are working with London-based drinks manufacturers with an investment of $250 million approx. These manufacturing of factory in Rotterdam is highly using water and heat meter for production of chilled juice drinks by manufacturing 400 million bottles of drinks per year as they are used in many applications such as carbonation, leak detection, tank blanketing, dryer air and others.

    Water and Heat Meters Market Segment Analysis – Geography

    Global Water and Heat Meters Market is dominated by North America with a market share 35.2% in 2020. Growing interest towards unconventional reserves accompanied with technological advancements leading to the higher well production rates are driving the growth of oil and gas in U.S. The growth of oil and gas industry has poised the growth of water and Heat meters. In 2019, McDermott International, Inc announced that it had been awarded a USD 1.5 billion contract by Saudi Aramco for its Marjan Field. The contract for engineering, acquisition, construction, and installation (EPCI) covers the production of offshore and pipeline oil and gas installations. Such developments leverages a positive impact on the market growth. In 2019, Canadian Utilities Limited entered into a partnership with Quanta Services, Inc. for the Fort McMurray West 500-kV Transmission Project valued at $1.6 billion, hence creating more opportunities for water and heat meters, them being essential for measuring the thermal energy of source and sink in this vertical.

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    Water and Heat Meters Market Drivers

    Rise in demand for energy efficient products:

    Water meter manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. The U.S. Department of energy, mandated the industry manufacturers to use new technologies for the development of energy efficient meters which were rated based on thermal efficiency and standby losses. As energy efficient appliances are designed to utilize minimum energy. More than 80 countries have set standards and labels for energy efficient appliances. For instance, in the USA, an ENERGY STAR certified water meter saves $3500 over its lifetime. With BEE’s Standards and Labelling Program having included water meters as a mandatory appliance, manufacturers produce more energy-efficient products, in turn reducing energy costs and improving demand for water meters. Hence rise in demand for energy efficient products will drive the market demand in the forecast period 2021-2026.

    Favourable government subsidies encouraging the use of solar water meters:

    Government initiatives in increasing the popularity of solar-powered water meters are likely to propel the water meter market. For instance, in India, the government offers various incentives for the installation of roof-top solar-powered water meters through an initiative called Jawaharlal Nehru National Solar Mission (JNNSM). Similarly, the government also provides an interest subsidy, besides a 5% rebate on property tax. Moreover, governments of the U.S, the U.K and so on have been providing several incentives and tax rebates for the installation of solar water meters. In 2016, the United Nations (UN) mandated the use of solar water meters under its solar housing program for new buildings across the world. This will consequently boost the adoption of heaters, hence driving the market during the forecast period. In addition growth in concern among consumers regarding natural resources and energy is encouraging the consumers to shift toward energy-efficient water heating systems in the forecast period 2021-2026.

    Water and Heat Meters Market Challenges

    High Initial Investment:

    Implementation of Water and Heat Meters in factories is a part of automation process. Adoption of automation machines can be one of the most cost intensive process and requires high capital input. In addition to the initial costs, there are several unpredictable costs which may exceed the real cost saved by the accomplishing automation in the company. Some of these costs involve research and development costs of automating a process, anticipatory repairs, and maintenance costs. Additionally, there is also training cost associated with Water and Heat Meters operation that further restraints the market growth. Most of the Water and Heat Meters also occupy larger space which is a major challenge in small sized industries. The high cost of installation of water and heat meters further discourage the application in residential projects and small scale commercial buildings.

    Water and Heat Meters Market Landscape

    Water and Heat Meters Market is dominated by major companies such as Arad, BadgerMeter, Bmeters, Diehl, Itron, Kamstrup, Landis+Gyr, Maddalena, Sagemcom, Sensus (Xylem), Sontex, Zenner ., among others.

    Acquisitions/Technology Launches

    In July, 2020- Kamstrup introduced flowlQ 2200 which is an ultrasonic residential water meter used for leak detection. It is used in residential areas.

    In June, 2020- Avance Metering partnered with Kamstrup to bring smart electricity meter to create a fully integrated end-to-end solution.

    Key Takeaways

    Rising energy costs and ageing water systems. Many of water related issues can be easily solved by implementing Advanced Smart Water Metering system thereby contributing to the growth of the market.

    As worldwide energy consumption and urbanisation continue to increase, fossil fuels are being depleted and energy production costs are rising both economically and environmentally. This highlights the need to not only reduce consumption, but also increase the efficiency of the generation, management and delivery of power. This brings major boost in the adoption of Heat Meters in global market further enhancing its market growth.

    North America is expected to dominate the global Infrared Sensor Market in the forecast period 2020-2025. The market growth is mainly due to growth of mining industry, different manufacturing industries and large presence of metallic and non-metallic mineral reserves in various regions such as Brazil, U.S, Canada and others.

    Related Reports

    A. Water Meter Market

    B. Heat Flow Meters Market

    For more Energy and Power Market related reports, please click here

    About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to to discuss more about our consulting services.


    Venkat Reddy

    (+1) 970-236-3677

    Source: EmailWire.Com


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