San Francisco, California, October 09, 2018: The global heat meters market is forecast to rise at an impressive pace between 2018 and 2028. The increasing espouse of regional heating systems, coupled with the expansion of residential and commercial establishments, will bolster heat meters sales across the world, finds TMR Research. In a report, titled “Heat Meters Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028,” the report offers a comprehensive overview of the prevailing trends and studies the various growth drivers and key restraints affecting the market’s trajectory over the forecast period. The report is intended to help the stakeholder have a closer look at the winning strategies and key threats impacting the market’s growth between 2018 and 2028.
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For the purpose of the study, the report segregates the global heat meters market in terms of product, application, technology, and region. Based on product, the market is segmented into vortex, ultrasonic, and others. In terms of technology, the global market is split between static and mechanical. On the basis of application, the market is bifurcated between commercial and residential sectors. Of these, the commercial sector, as per TMR Research, holds dominance in the global market due to the rising investment in the development of better infrastructure for educational institutes, office buildings, and the hospitality industry.
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Regionally, the global heat meters market constitutes Asia Pacific, North America, Europe, and Rest of the World. OF these, North America is likely to hold dominance in the global market. In addition to these, stringent norms implemented in European nations will bolster installation of heat meters across Europe. Spurred by these factors, the global heat meters market will exhibit growth at a positive rate over the course of the forecast period. TMR Research also forecasts Asia Pacific to showcase rising demand for heat meters in the coming years.