• Cat-intel
  • MedIntelliX
  • Consulting
  • Resources
  • About Us
  • News
  • Careers
  • Contact Us
  • Login
    • Request Free Sample ×
    ReportInfographic

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    Ultrasonic Heat Meter Market

    ID: MRFR/E&P/29190-HCR
    100 Pages
    Snehal Singh
    September 2025

    Ultrasonic Heat Meter Market Research Report By Metering Technology (Ultrasonic, Electromagnetic, Mechanical), By Application (Residential Buildings, Commercial Buildings, Industrial Facilities), By Heat Source (Heating Systems, Cooling Systems, Combined Heat and Power Systems), By Communication Protocol (M-Bus, Wireless M-Bus, LoRaWAN, Sigfox, NB-IoT), By Accuracy Class (Class 1, Class 2, Class 3) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2034

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Ultrasonic Heat Meter Market Research Report - Global Forecast to 2034 Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0
    Compare License
    Summary Table of Contents Segmentation Infographic

    Ultrasonic Heat Meter Market Summary

    The Global Ultrasonic Heat Meter Market is projected to grow from 3.07 USD Billion in 2024 to 5.22 USD Billion by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    Ultrasonic Heat Meter Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate (CAGR) of 4.93% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 5.22 USD Billion, indicating substantial growth opportunities.
    • In 2024, the market is valued at 3.07 USD Billion, laying a solid foundation for future expansion.
    • Growing adoption of ultrasonic heat meters due to increasing energy efficiency regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 3.07 (USD Billion)
    2035 Market Size 5.22 (USD Billion)
    CAGR (2025-2035) 4.93%

    Major Players

    Diehl Metering, Sensus, Badger Meter, Apator Powogaz, Ultrakust, Kamstrup, Actaris, Carlo Gavazzi, BMeters, Zenner, Hoffer Flow Controls, Landis+Gyr, Itron, Elster, Minol

    Ultrasonic Heat Meter Market Trends

    The Ultrasonic Heat Meter Market is characterized by increasing adoption of smart metering technologies, government initiatives for energy efficiency, and rising energy consumption. Key market drivers include the need for accurate energy measurement, rising environmental concerns, and technological advancements. Opportunities lie in the integration of advanced technologies such as IoT and AI, as well as expansion into emerging markets. Recent trends indicate a shift towards wireless and remote monitoring systems and a growing emphasis on data analytics for improved energy management.

    The increasing emphasis on energy efficiency and sustainable practices is driving the adoption of advanced metering technologies, including ultrasonic heat meters, which are poised to transform energy management in residential and commercial sectors.

    U.S. Department of Energy

    Ultrasonic Heat Meter Market Drivers

    Growing Demand for Energy Efficiency

    The Global Ultrasonic Heat Meter Market Industry is experiencing a surge in demand driven by the increasing focus on energy efficiency. Governments worldwide are implementing stringent regulations aimed at reducing energy consumption and greenhouse gas emissions. This trend is evident in various regions, where energy-efficient technologies are being promoted. For instance, the European Union has set ambitious targets for energy savings, which encourages the adoption of advanced metering solutions. As a result, the market is projected to reach 3.07 USD Billion in 2024, reflecting a growing awareness of the need for sustainable energy management.

    Market Segment Insights

    Ultrasonic Heat Meter Market Metering Technology Insights

    Ultrasonic Heat Meter Market Metering Technology Insights

    The Ultrasonic Heat Meter Market is segmented by Metering Technology into Ultrasonic, Electromagnetic, and Mechanical. Among these, the Ultrasonic segment is projected to dominate the market in the coming years, owing to its high accuracy and reliability. They are more accurate than mechanical heat meters and can also measure flow in both directions. This makes them ideal for use in district heating systems and other applications where accurate measurement of heat consumption is critical.

    The growth of the Ultrasonic Heat Meter Market can be attributed to the increasing demand for energy-efficient solutions in residential and commercial buildings.Governments worldwide are also implementing regulations to promote the use of energy-efficient technologies, which is further driving the growth of the market. In terms of market share, the Ultrasonic segment is expected to account for over 40% of the Ultrasonic Heat Meter Market by 2032. The high accuracy and reliability of ultrasonic heat meters, coupled with their ability to measure flow in both directions, make them the preferred choice for many applications.

    In addition to the Ultrasonic segment, the Electromagnetic and Mechanical segments are also expected to witness significant growth in the coming years.

    Electromagnetic heat meters are less accurate than ultrasonic heat meters but are also less expensive. Mechanical heat meters are the least accurate type of heat meter but are also the most affordable. Overall, the Ultrasonic Heat Meter Market is expected to witness significant growth in the coming years, driven by the increasing demand for energy-efficient solutions and the implementation of government regulations promoting the use of energy-efficient technologies.

    Ultrasonic Heat Meter Market Application Insights

    Ultrasonic Heat Meter Market Application Insights

    The Ultrasonic Heat Meter Market segmentation by Application can be divided into Residential Buildings, Commercial Buildings, and Industrial Facilities. Among these segments, Commercial Buildings held the largest market share in 2023, accounting for 45% of the Ultrasonic Heat Meter Market revenue. This dominance is attributed to the growing demand for energy-efficient solutions in commercial buildings, coupled with government regulations and incentives promoting their adoption. Residential Buildings segment is also expected to register significant growth in the coming years, driven by increasing awareness about energy conservation and the need for efficient heating and cooling systems.

    The industrial Facilities segment is projected to witness a steady growth rate, as industries are increasingly focusing on optimizing energy consumption and reducing operating costs. The overall growth of the Ultrasonic Heat Meter Market is attributed to the rising demand for accurate and reliable energy measurement devices, growing awareness about energy efficiency, and stringent government regulations mandating the use of energy-efficient technologies in both residential and commercial buildings.

    Ultrasonic Heat Meter Market Heat Source Insights

    Ultrasonic Heat Meter Market Heat Source Insights

    Heat Source Segment Insight and Overview The heat source segment plays a crucial role in the Ultrasonic Heat Meter Market. In 2023, the heating systems sub-segment held the largest market share due to the widespread use of ultrasonic heat meters in residential and commercial buildings for monitoring heating energy consumption.

    The cooling systems sub-segment is anticipated to witness significant growth over the forecast period, driven by the increasing demand for energy-efficient cooling solutions in various industries, including data centers and manufacturing facilities.The combined heat and power systems sub-segment offers opportunities for growth as more industries and municipalities adopt sustainable energy practices. This growth is attributed to the increasing adoption of ultrasonic heat meters in various end-use sectors, coupled with government initiatives promoting energy efficiency.

    Ultrasonic Heat Meter Market Communication Protocol Insights

    Ultrasonic Heat Meter Market Communication Protocol Insights

    The Ultrasonic Heat Meter Market revenue is expected to grow significantly in the coming years, driven by increasing demand for energy-efficient solutions. The Communication Protocol segment is a key part of the market, with different protocols used for transmitting data from heat meters to central systems. M-Bus is a widely used protocol for ultrasonic heat meters, offering reliable and secure data transmission over long distances. Wireless M-Bus is a newer protocol that enables wireless communication between heat meters and central systems, providing greater flexibility and convenience.LoRaWAN is another popular protocol for ultrasonic heat meters, offering long-range and low-power communication capabilities.

    Sigfox is a similar protocol that is specifically designed for low-power IoT devices, making it suitable for ultrasonic heat meters that need to transmit data over long distances with minimal power consumption. NB-IoT is a cellular-based protocol that is gaining traction in the ultrasonic heat meter market, offering low-cost and wide-area coverage. The market for ultrasonic heat meters with different communication protocols is expected to grow significantly in the coming years, driven by increasing demand for energy-efficient solutions and the growing adoption of IoT technologies.

    Ultrasonic Heat Meter Market Accuracy Class Insights

    Ultrasonic Heat Meter Market Accuracy Class Insights

    The Ultrasonic Heat Meter Market is segmented by accuracy class into Class 1, Class 2, and Class 3. The Class 1 segment is expected to account for the largest share of the market in 2023, owing to its accuracy in measuring heat consumption. Class 2 and Class 3 segments are expected to grow at a faster CAGR during the forecast period due to their lower cost and wider applicability in residential and commercial buildings.

    In 2023, the Ultrasonic Heat Meter Market revenue was valued at USD 2.79 billion and is projected to reach USD 4.3 billion by 2032, exhibiting a CAGR of 4.93% during the forecast period.The growth of the market is attributed to the increasing demand for energy-efficient solutions and the need for accurate measurement of heat consumption in various industries.

    Get more detailed insights about Ultrasonic Heat Meter Market Research Report - Global Forecast to 2034

    Request Free Sample

    Regional Insights

    The Ultrasonic Heat Meter Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest market share in 2023, owing to the increasing adoption of smart metering technologies and government initiatives to reduce energy consumption. The market in Europe is expected to grow at a steady pace, driven by the growing demand for energy-efficient solutions.

    APAC is expected to witness significant growth in the coming years due to the rapid urbanization and industrialization in the region.South America and MEA are expected to contribute a smaller share of the market but are expected to grow at a moderate pace.

    Figure3: Ultrasonic Heat Meter Market, By Regional, 2023 & 2032 (USD billion)

    Ultrasonic Heat Meter Market, By Regional, 2023 & 2032 (USD billion)

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Major players in the Ultrasonic Heat Meter Market industry are continuously focusing on research and development activities to enhance their product portfolio and gain a competitive edge in the market. Leading Ultrasonic Heat Meter Market players are investing in developing technologically advanced products to meet the evolving demands of customers. The Ultrasonic Heat Meter Market development of innovative products and solutions by key players is expected to drive the growth of the market in the coming years.

    The Ultrasonic Heat Meter Market's competitive landscape is expected to remain highly competitive due to the presence of established players and the entry of new players in the market. Key players are adopting various strategies such as mergers, acquisitions, and partnerships to expand their presence and increase their market share.

    Leading Ultrasonic Heat Meter Market player Kamstrup is a provider of energy and water metering solutions. The company's ultrasonic heat meters are designed to measure the flow and temperature of hot water in commercial and industrial applications. Kamstrup offers a range of ultrasonic heat meters with different features and specifications to meet the specific requirements of its customers. The company has a strong presence in Europe and is also expanding its presence in other regions, such as Asia Pacific.

    Kamstrup is committed to providing innovative and sustainable metering solutions to its customers.A strong competitor in the Ultrasonic Heat Meter Market is Diehl Metering.

    The company's ultrasonic heat meters are known for their accuracy, reliability, and durability. Diehl Metering offers a wide range of ultrasonic heat meters for various applications, including residential, commercial, and industrial. The company has a presence and is committed to providing its customers with high-quality metering solutions. Diehl Metering is constantly innovating and developing new products and technologies to meet the changing needs of the market.

    Key Companies in the Ultrasonic Heat Meter Market market include

    Industry Developments

    The Ultrasonic Heat Meter Market is anticipated to grow significantly over the forecast period, with a projected valuation of USD 3.07 billion in 2024 and a CAGR of 4.93% between 2025 and 2034. This growth can be attributed to increasing demand for energy-efficient solutions, rising awareness about conservation, and stringent government regulations mandating the use of accurate and reliable metering devices. Furthermore, technological advancements and the integration of smart features in ultrasonic heat meters are expected to drive market expansion.

    Key recent developments in the market include the launch of new products with enhanced capabilities, such as remote monitoring and data analysis, as well as the growing adoption of smart grid technologies to improve energy management and efficiency.

    Future Outlook

    Ultrasonic Heat Meter Market Future Outlook

    The Ultrasonic Heat Meter Market is projected to grow at a 4.93% CAGR from 2024 to 2035, driven by increasing energy efficiency regulations and technological advancements.

    New opportunities lie in:

    • Develop smart grid integration solutions for enhanced data analytics.
    • Invest in IoT-enabled meters to capture real-time consumption data.
    • Expand into emerging markets with tailored pricing strategies.

    By 2035, the Ultrasonic Heat Meter Market is expected to be robust, reflecting substantial growth and innovation.

    Market Segmentation

    Ultrasonic Heat Meter Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Ultrasonic Heat Meter Market Application Outlook

    • Residential Buildings
    • Commercial Buildings
    • Industrial Facilities

    Ultrasonic Heat Meter Market Heat Source Outlook

    • Heating Systems
    • Cooling Systems
    • Combined Heat and Power Systems

    Ultrasonic Heat Meter Market Accuracy Class Outlook

    • Class 1
    • Class 2
    • Class 3

    Ultrasonic Heat Meter Market Metering Technology Outlook

    • Ultrasonic
    • Electromagnetic
    • Mechanical

    Ultrasonic Heat Meter Market Communication Protocol Outlook

    • M-Bus
    • Wireless M-Bus
    • LoRaWAN
    • Sigfox
    • NB-IoT

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024    3.07 (USD Billion)
    Market Size 2025    3.22 (USD Billion)
    Market Size 2034     4.97 (USD Billion)
    Compound Annual Growth Rate (CAGR)      4.93% (2025 - 2034)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2034
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled Diehl Metering, Sensus, Badger Meter, Apator Powogaz, Ultrakust, Kamstrup, Actaris, Carlo Gavazzi, BMeters, Zenner, Hoffer Flow Controls, Landis+Gyr, Itron, Elster, Minol
    Segments Covered Metering Technology, Application, Heat Source, Communication Protocol, Accuracy Class, Regional
    Key Market Opportunities Energy efficiency drives Smart city initiatives, Rising urbanization, Growing demand for automated metering, Advancement in IoT technologies.
    Key Market Dynamics Rising demand for energy efficiency Government regulations Technological advancements Growing awareness of sustainability Increased adoption of smart building systems
    Countries Covered North America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

    Get In Touch
    Leave a Comment

    FAQs

    What is the expected CAGR of the Ultrasonic Heat Meter Market for the forecast period of 2024-2032?

    The Ultrasonic Heat Meter Market is projected to grow at a CAGR of 4.93% from 2025 to 2034.

    What is the estimated valuation of the Ultrasonic Heat Meter Market in 2023?

    The Ultrasonic Heat Meter Market was valued at USD 3.07 billion in 2024.

    What is the expected valuation of the Ultrasonic Heat Meter Market in 2032?

    The Ultrasonic Heat Meter Market is expected to reach USD 4.97 billion by 2034.

    Which region is expected to hold the largest market share in the Ultrasonic Heat Meter Market?

    North America is expected to hold the largest market share in the Ultrasonic Heat Meter Market throughout the forecast period.

    Which application segment is expected to dominate the Ultrasonic Heat Meter Market?

    The residential sector is expected to dominate the Ultrasonic Heat Meter Market in terms of revenue contribution.

    Who are some of the key competitors in the Ultrasonic Heat Meter Market?

    Some of the key competitors in the Ultrasonic Heat Meter Market include Itron, Inc., Siemens, Diehl Stiftung & Co. KG, Honeywell International Inc., and Apator S.A.

    What factors are driving the growth of the Ultrasonic Heat Meter Market?

    The growing demand for energy efficiency and cost-saving solutions, government regulations, and technological advancements are driving the growth of the Ultrasonic Heat Meter Market.

    What are the challenges faced by the Ultrasonic Heat Meter Market?

    The high cost of installation and maintenance, and competition from other metering technologies are some of the challenges faced by the Ultrasonic Heat Meter Market.

    What are the emerging trends in the Ultrasonic Heat Meter Market?

    The integration of smart technologies, the development of wireless ultrasonic heat meters, and the adoption of IoT solutions are some of the emerging trends in the Ultrasonic Heat Meter Market.

    What is the expected impact of government regulations on the Ultrasonic Heat Meter Market?

    Government regulations mandating the use of heat meters and energy efficiency standards are expected to have a positive impact on the Ultrasonic Heat Meter Market.

    Report Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Related Reports

    No regional reports available for this market.

    No country-specific reports available for this market.

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials

    Global Magnesium Sulfate Market – Forecast till 2027