According to the report titled ‘Europe Heat Meters Market Size By Product (Ultrasonic, Vortex), By Technology (Mechanical, Static), By Application (Residential, Commercial, Industrial), Industry Analysis Report, Country Outlook, Application Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, Europe heat meters market is expected to grow significantly during the forecast period 2021-2027.
 

Rising focus on energy conservation & management, and surging demand for heating systems across the world are propelling the growth of Europe heat meters market.
 

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For the unversed, heat meters are installed across residential and industrial facilities to gain accurate accountability for the consumption of energy. It helps in monitoring potential leakages and improving the efficiency of energy. 
 

Moreover, the surging emphasis placed on the conservation of energy by governments across the world has led to increasing installations of heat meters, particularly in buildings that have a central cooling or heating systems, which is accelerating the overall industry development.
 

Citing an instance, Landis Gyr Limited, which is one of the leading energy management companies that specialize in metering solutions, acquired LUNA Elektrik Elektronik San. Tic. A.?. in September 2021 to create a strong presence in the market as well as to widen its product portfolio. 
 

Based on application spectrum, the residential segment of Europe heat meters industry is anticipated to expand at a rapid pace during the projected timeline, on account of increasing preference for personalized metering systems in residential complexes.  
 

From a regional standpoint, Norway market is poised to progress at 5% CAGR during the analysis period, whereas, Denmark market is set to garner notable gains through 2027, owing to the soaring demand for personalized heating units in the nation. 
 

The competitive landscape of Europe heat meters market is defined by companies such as Diehl Metall, Axioma Metering, Sontex Electrical Heaters, Micronics Ltd., ista International GmbH, Landis Gyr Limited, Kamstrup Metering Solutions, Itron Inc., and Danfoss among others.