Top Companies in Heat Meter Market | Top Key Players Statistics, Company Size & Share, Forecast Report by 2030 | Vantage Market Research

A Heat Meter is a device that measures the thermal energy provided by a source. It monitors the heat transfer fluid's flow rate and the temperature difference between its outflow and returns legs.

Top Companies in Heat Meter Market | Top Key Players Statistics, Company Size & Share, Forecast Report by 2030 | Vantage Market Research
heat meter market

Market Overview:

The Global Heat Meter Market was valued at USD 2.3 Million in 2021 and is anticipated to reach a value of USD 2.7 Million by 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 2.9% over the forecast period. A Heat Meter is an instrument that measures the flow rate of heat transfer fluid to determine the amount of thermal energy a source gives. In facilities, it is frequently used to gauge boiler output. The amount of heat or cold a heating boiler or chiller unit produces is also calculated using this method. A Heat Meter's main purpose is to provide billing and optimization information. Heat Meters must be installed within a specific legal and regulatory framework. The residential sector is anticipated to rule the Heat Meter market during the expected time frame. Throughout the forecast period, the demand for Heat Meters will expand quickly. The flow rate of the heat transfer fluid & the difference in its temperature (T) between the supply and return legs of the system are measured by a Heat Meter. This device calculates the amount of thermal energy on the supply side or returns side of a heat-generating or heat-exchanging device. A Heat Meter consists of a fluid flow meter, a way to measure the temperature difference between the supplies and return flows, generally a pair of thermocouples, and a way to integrate the two readings over time, usually half an hour, and add up the total heat transfer during that time.

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Some of the key players operating in the Heat Meter Market are listed below:

Company Name

Revenue in the US

  • Siemens AG

$70 Billion

  • Danfoss

$7 Billion

  • Diehl Group

$3 Billion

  • Wasion Group Co. Ltd.

<$5 Million

  • Landis+Gyr Group AG

$1 Billion

  • Itron Inc.

<$5 Million

  • IstaInternational GmbH

$1 Billion

  • Elster Group SE

<$5 Million

  • Zenner International GmbH & Company

$251 Million

  • Kamstrup

<$5 Million


  1. Siemens AG

Siemens AG is an engineering and manufacturing company focusing on electrification, automation, and digitalization areas. In addition, Siemens also provides engineering solutions in automation and control, power, transportation, and medical diagnosis. The company was founded in 1847, and its headquarters are in Munich, Germany. The company has approximately 303 thousand employees working in its organization.

  1. Danfoss

Danfoss was founded in 1933, and the headquarters are in Denmark. The company's products include engineered hydraulic, electric, and electronic components for machine management, including hydrostatic pumps and motors, orbital motors, hydraulic and electro-hydraulic proportional valves, electric motors, converters, high-pressure pumps, and storage, enabling customers to obtain quality electrical, mechanical, and power solutions. The company has approximately 40 thousand employees working in its organization.

  1. Diehl Group

Diehl Group manufactures and distributes air crafts and parts. The Company develops industrial applications, forgings, metals, electronic assemblies and system components, air defense systems, and aviation parts. Diehl Group markets its products to aerospace defense companies worldwide. The company was founded in 1902, and the headquarters are situated in Germany. Approximately 17 thousand employees are working in their organization.

  1. Wasion Group Co. Ltd.

Wasion Group Co. Ltd. manufactures and distributes energy measurement instruments. The Company produces electric energy meters, smart water meters, gas meters, ultrasonic Heat Meters, remote automatic meter-reading equipment, energy monitoring devices, and other products. Wasion Group sells its products domestically and internationally. The company was founded in 2000 and the headquarters are situated in China.

  1. Landis+Gyr Group AG

Landis+Gyr Group AG provides integrated energy management products tailored to an energy company. It offers electricity meters, heat and cooling meters, software services and custom solutions, grid management, and communication networks. The company's geographical segment includes the Americas, EMEA, and the Asia Pacific. The Americas segment designs, manufactures, markets, and sells the company's Gridstream and advanced meter solutions, digital electricity meters, and other related services. The EMEA segment sells the company's prepayment electricity meters, gas meters, and other services, and The Asia Pacific segment sells the company's load control devices. The company was founded in 1896, and its headquarters are in Switzerland.

  1. Itron Inc.

Itron, Inc. offers solutions for collecting, communicating, and analyzing data on electric, gas, and water usage. The Company sells its products to the utility industry. The company designs, manufactures, markets, sells, installs, and services hardware, software, and integrated systems for handheld computer-based electronic meter reading & automatic meter reading systems. The company was founded in 1977, and its headquarters are in the United States.

  1. IstaInternational GmbH

IstaInternational GmbH provides submetering and billing of water and energy consumption. The Company offers heat allocation, water, and communication meters, installation systems, and smoke detectors. IstaInternational caters services to property managers, homeowners, and energy utilities worldwide. The company was founded in 1957, and the headquarters are in Germany.

  1. Elster Group SE

Elster Group SE provides measurement and communications, and data solutions. The Company offers meters to measure gas, electricity, and water consumption and services to enable energy efficiency and conservation. Elster markets products to utilities, distributors, and industrial customers worldwide. Elster Group SE employs approximately 7,500 staff and operates in more than 39 countries. The company was founded in 1848, and its headquarters are in Germany.

  1. Zenner International GmbH & Company

Zenner International GmbH & Company KG manufactures measuring equipment. In addition, the Company produces water and Heat Meters. Zenner serves customers worldwide. Zenner is a leading global manufacturer of gas meters, submetering, and digital solutions for remote reading. The company was founded in 1903, and the headquarters are in Germany.

  1. Kamstrup

Kamstrup A/S manufactures systems solutions for energy metering. The Company manufactures meters for heating, cooling, electricity, and water. Kamstrup manufactures volume converters, remote reading, inspection systems, and gas pressure, regulators. In addition, Kamstrup manufactures automatic, remote, and manual reading meters.

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