The Global Heat Meter Market is projected to reach USD 1.32 billion by 2028, growing at a CAGR of 6.5% during the forecast period. A heat meter is also called as a flux calorimeter. It is a tool that measures thermal energy supplied by a source or delivered to a sink by measuring the heat transfer fluid flow rate and changes in its temperature between the system's outflow and return legs.

Key Developments in the Heat Meter Market:
• In January 2019, Diehl Stiftung & Co. KG(Germany), one of the prominent manufacturer of the heat meter has acquired, New Engineering and Support Center(Hungary), for expanding the regional footprint and to provide a better quality of the products to the global customers
• In August 2018, Schlumberger Limited(US), announced that they have entered into a definitive contract for Shearwater to acquire WesternGeco's geophysical services product line Schlumberger's seismic marine procurement assets and activities.