The global ultrasonic heat meters market is projected to grow at a considerable rate owing to its low energy consumption, easy installation, hybrid model and high efficiency. Heat Meters Market is predicted to witness escalation on account of rapid industrialization, urban planning and increasing focus towards energy efficiency. Digitalization and data analysis through the deployment of IoT devices will further drive the industry growth. For instance, smart meters provide significant cost saving, multiple communication options and monitoring for optimized consumption. Moreover, the installation of grid connected units across residential and commercial establishments will positively influence the business outlook.