Cooling Meters Market is Expected to grow at a robust CAGR of 6.71% through 2030F
The increasing global cooling meters
market is driven shift from mechanical to ultrasonic and electromagnetic
cooling meters, integration with smart building and energy management systems
during the forecast period 2026-2030F.
According to TechSci Research report, “Cooling Meters Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, The
Global Cooling Meters Market was valued at USD 1.34 Billion in 2024 and is
expected to reach USD 2.00 Billion by 2030 with a CAGR of 6.71% during the
forecast period. A major trend reshaping the global cooling meters market is
the transition from mechanical meters to advanced ultrasonic and
electromagnetic technologies. While mechanical meters have been the traditional
choice due to their affordability, their susceptibility to wear, limited
lifespan, and lower measurement accuracy are prompting end-users to upgrade. Ultrasonic
meters offer non-intrusive, maintenance-free operation and higher accuracy in
flow and energy measurements. These meters use sound waves to measure the
velocity of fluid and can detect flow direction, low flow conditions, or air
bubbles—scenarios where mechanical meters typically fail. Additionally,
electromagnetic meters, although less common for cooling due to fluid
conductivity requirements, are gaining traction in specialized applications.
The non-mechanical design of ultrasonic
meters extends the product lifecycle to 10–15 years and enhances performance in
harsh conditions or district cooling networks. They also support real-time data
transmission, remote diagnostics, and integration with smart building
platforms, making them ideal for modern infrastructure. According to industry
data, over 65% of new installations in Europe in 2023 used ultrasonic meters,
and this figure is expected to rise. The trend is also visible in Asia-Pacific,
where countries like China and Singapore are favoring ultrasonic meters in
green building programs. This shift is further supported by cost reductions in
ultrasonic meter components due to advancements in sensor technology,
microelectronics, and mass production. Although initial prices remain higher,
long-term benefits in terms of accuracy, tamper resistance, and digital
connectivity make ultrasonic meters a preferred choice.
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Cooling Meters Market"
Based on technology, Wireless
is the fastest growing segment in the global Cooling Meters market during the
forecast period, driven by increasing demand for flexible, scalable, and cost-effective
solutions in smart infrastructure. Unlike traditional wired systems, wireless
cooling meters eliminate the need for complex cabling, making installation
faster, easier, and more suitable for both retrofit and new-build applications.
Wireless meters utilize communication protocols such as LoRaWAN, NB-IoT,
Zigbee, and wM-Bus, enabling reliable, long-range data transmission with
minimal power consumption. This makes them ideal for large-scale deployments in
multi-tenant buildings, district cooling networks, and geographically dispersed
facilities where wired connectivity is impractical or cost-prohibitive.
One of the key growth drivers is the rise of smart
buildings and smart city initiatives, where wireless meters serve as essential
components for real-time energy monitoring, consumption analytics, and
automated billing. Their ability to integrate seamlessly with IoT platforms and
Building Energy Management Systems (BEMS) enhances energy optimization and
operational efficiency. Wireless meters also support remote diagnostics,
firmware upgrades, and predictive maintenance, reducing downtime and
maintenance costs. These capabilities are particularly beneficial for utilities
and energy service providers managing extensive metering infrastructure. In
addition, regulatory support and government-led digitization programs across
regions such as North America, Europe, and Asia-Pacific are accelerating the
adoption of wireless metering technologies. For instance, new regulations in
the EU require thermal sub-metering in multi-unit buildings, with a preference
for remotely readable meters—further boosting demand for wireless solutions. Moreover,
advancements in battery technology and device miniaturization are enhancing the
lifespan and performance of wireless cooling meters, making them a reliable
long-term investment. As end-users increasingly seek real-time visibility,
operational flexibility, and cost control, wireless cooling meters are emerging
as the preferred technology, driving their rapid growth across global markets
during the forecast period.
Based on region, Asia Pacific is the
fastest growing region in the Global Cooling Meters Market during the forecast
period driven by rapid urbanization, rising demand for energy-efficient
cooling, and the growing adoption of smart infrastructure. Countries such as China,
India, Japan, South Korea, Singapore, and Southeast Asian nations are
witnessing significant expansion in commercial, residential, and industrial
construction, creating robust demand for reliable cooling systems and precise
metering solutions. One of the major growth catalysts is the expansion of
district cooling projects in urban centers across the region. For instance, China
and India are investing heavily in centralized cooling for smart cities and
large-scale commercial developments. District cooling systems require accurate
cooling meters for sub-metering, consumption-based billing, and energy
optimization, accelerating demand for advanced metering solutions.
Government initiatives promoting energy conservation
and green building certifications, such as India’s Energy Conservation Building
Code (ECBC) and Singapore’s Green Mark Scheme, mandate energy performance
monitoring—further driving cooling meter adoption. In addition, regulatory
support for smart city projects and favorable public-private partnerships are
enabling widespread deployment of smart cooling infrastructure. The region is
also benefiting from technological advancements and cost reductions in
ultrasonic and wireless cooling meters, making them more accessible for
developing economies. Moreover, a large base of local manufacturers and system
integrators is helping reduce import dependency and customize solutions to
local needs.
Rising temperatures, increased urban heat island
effects, and growing middle-class populations are leading to higher per capita
cooling demand, particularly in India, Indonesia, Thailand, and Vietnam. This
surge in cooling requirements directly contributes to the demand for metering
to ensure efficiency and accountability. With a combination of favorable
climate, policy mandates, infrastructure investment, and technological
readiness, Asia Pacific is poised to lead the global cooling meters market in
growth throughout the forecast period.
Key market players in the Global Cooling
Meters market are: -
- Siemens AG
- Kamstrup A/S
- Diehl Metering GmbH
- Danfoss A/S
- Itron Inc.
- Zenner International GmbH & Co. KG
- Landis+Gyr AG
- B METERS s.r.l.
- Engie
- Apator SA
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“The global cooling meters market presents significant
opportunities driven by the expansion of district cooling systems, rising
demand for energy-efficient buildings, and increased adoption of smart
technologies. Growth in urbanization across emerging markets, particularly in
Asia Pacific and the Middle East, is boosting demand for sub-metering and
consumption-based billing. Government regulations promoting green buildings and
sustainability further support market penetration. Additionally, innovations in
wireless communication, IoT integration, and cloud-based data analytics are
creating new revenue streams for vendors. As cooling demand surges in
commercial, residential, and industrial sectors, the market offers strong
potential for technologically advanced, cost-effective metering solutions.Top
of Form” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
“Cooling
Meters Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Technology (Wired, Wireless), By Type (Mechanical Cooling Meters,
Ultrasonic Cooling Meters, Electromagnetic Cooling Meters), By Application
(Residential, Commercial, Industrial, District Cooling), By Region &Competition, 2020-2030F,”
has evaluated the future growth potential of Global Cooling Meters Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Cooling Meters Market.
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