Global Intelligent Flow Meter Market, By Offering (Hardware, Software, Services), Type (Multiphase, Differential Pressure, Vortex, Magnetic, Coriolis, Thermal, Calorimetric, Electromagnetic, Ultrasonic, Turbine, Variable Area, Others), Communication Protocol (PROFIBUS, Modbus, HART, Others), End User (Food and Beverages, Pharmaceutical and Biotechnology, Cosmetics, Water and Wastewater, Pulp and Paper, Metals and Mining, Power/Energy, Oil and Gas, Chemicals, Petrochemical and Refining, Textiles, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Intelligent Flow Meter Market
The intelligent flow meter market size is valued at USD 3.50 billion by 2028 is expected to grow at a compound annual growth rate of 4.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on intelligent flow meter provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
An intelligent flow meter is used to determine the velocity of a fluid with ultrasound or any other method to calculate the volume flow. They are generally used to measure fluidic phenomenon in a wide range of industrial as well as commercial applications counting food and beverages, oil and gas, pharmaceutical industry and power generation.
The high stability, accuracy and reliability offered by intelligent flow meters are expected to influence the growth of intelligent flow meter market over the forecast period of 2021 to 2028. Also the high investments in industrial infrastructure and rise in demand, especially from chemicals and water and wastewater industries are also anticipated to flourish the growth of the intelligent flow meter market. Furthermore, the rapid urbanization and rise in the use for gaining diagnostic information along with standard flow measurement data are also likely to positively impact the growth of the market. Moreover, the high demand of intelligent flow meters in measurement processes and presence of large number of manufacturers of intelligent flow meters are also expected create a huge demand for intelligent flow meter as well as lifting the growth of the intelligent flow meter market.
However, the high initial cost required for coriolis and magnetic flow meters and deteriorating oil prices are expected to act as the major limitations for the growth of intelligent flow meter in the above mentioned forecasted period, whereas the high cost of intelligent flow meters and lower adoption rate compared to conventional flow meters can challenge the intelligent flow meter market growth in the forecast period of 2021 to 2028.
Likewise, the rise in emphasis on real-time data analysis and enhanced visibility and the increase in the awareness regarding advantages of intelligent flow meters are expected to create various new opportunities that will lead to the growth of the intelligent flow meter market in the above mentioned forecasted period.
This intelligent flow meter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on intelligent flow meter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Intelligent Flow Meter Market Scope and Market Size
The intelligent flow meter market is segmented on the basis of offering, type, communication protocol and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The offering segment of the intelligent flow meter market is segmented into hardware, software and services.
- Based on type, the intelligent flow meter market is segmented into multiphase, differential pressure, vortex, magnetic, coriolis, thermal, calorimetric, electromagnetic, ultrasonic, turbine, variable area and others. Ultrasonic has further been segmented into spool piece ultrasonic flow meters, clamp-on ultrasonic flow meters and insertion ultrasonic flow meters. Magnetic has further been segmented into In-line magnetic flow meters, insertion magnetic flow meters and low-flow magnetic flow meters. Vortex has further been segmented into wafer vortex flow meters, flanged vortex flow meters and insertion vortex flow meters.
- On the basis of communication protocol, the intelligent flow meter market is segmented into PROFIBUS, modbus, HART and others.
- The end user segment of the intelligent flow meter market is segmented into food and beverages, pharmaceutical and biotechnology, cosmetics, water and wastewater, pulp and paper, metals and mining, power/energy, oil and gas, chemicals, petrochemical and refining, textiles and others
Intelligent Flow Meter Market Country Level Analysis
The intelligent flow meter market is analyzed and market size, volume information is provided by country, offering, type, communication protocol and end user as referenced above.
The countries covered in the intelligent flow meter market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the intelligent flow meter market due to the rapid industrial development and high demand of measuring meters in oil & gas industry. North America is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to presence of large number of shale gas projects and oil fields presence.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Intelligent Flow Meter Market Share Analysis
The intelligent flow meter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intelligent flow meter market.
The major players covered in the intelligent flow meter market report are ABB, Emerson Electric Co., Azbil Corporation, Baker Hughes Company, Schneider Electric, Yokogawa Electric Corporation, Honeywell International Inc, KROHNE Messtechnik GmbH, Badger Meter, Inc, PARKER HANNIFIN CORP, Sensirion AG, Siemens, Katronic Technologies Ltd., SICK AG, Equflow, Flow Meter Group, Landis+Gyr., Endress+Hauser Management AG, KEYENCE CORPORATION, ifm electronic gmbh, Sierra Instruments Inc, and Seametrics among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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