Global Flowmeters Market – Industry Trends and Forecast to 2030

Flowmeters Market Analysis and Size

There are various types of flow meters that are being utilized across numerous industries depending upon the accuracy required and their application. Different industry use different flow meter depending on their requirement, such as positive displacement, turbine, coriolis, differential pressure, ultrasonic, magnetic, and vortex, among others. The overall accuracy of flow meter is also dependent on the circumstances of the application.

Data Bridge Market Research analyses that the global flowmeters market which was at USD 10,124.34 million in 2022, and is expected to reach USD 16,723.15 million by 2030, registering a CAGR of 4.50% during the forecast period of 2023-2030. “Oil and Gas” accounts for the largest distribution channel segment in the respective market owing to the rise in digging of oil in order to fulfil the demand. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Flowmeters Market Scope and Segmentation

Market Definition

Flowmeter is a device which is used to measure the flow rates of the liquids and gases. The flowmeters having wide range of applications in industries, which include building automation, water and wastewater, marine, food and beverage, metals and mining, power and utilities, oil and gas, and pharmaceutical. There are different types of flowmeters available depending on the industry; some of the common types of flowmeters are differential pressure, electromagnetic, coriolis, and ultrasonic flowmeters.

Global Flowmeters Market Dynamics

Drivers

• Rising Demand for Flow Rate Measurement

The increase in for flow rate measurement in O&G management applications across the globe acts as one of the major factors driving the growth of flowmeters market. The adoption of measurement technologies and instruments in numerous sectors, such as power generation, pulp and paper, and water and wastewater have a positive impact on the market.

• Growing Demand for Intelligent Systems

The rise in demand for intelligent systems due to the integration of IoT along with introduction of smart measurement solutions accelerate the market. Also, the demand for Coriolis flowmeter owing to its enhanced smart capabilities to measure the rate more accurately further drives the market.

• Stringent Regulations for Wastewater Treatment

The presence of stringent regulations for wastewater treatment across regions and increasing capacity additions further influence the market. The increase in the pharmaceuticals production capacity in developing countries will assist in the expansion of the market.

Opportunity

• The Increasing Adoption of Automation and Digitization in Manufacturing

The increasing adoption of automation and digitization in manufacturing is indeed an opportunity for the global flowmeter market. Flowmeters are devices used to measure the flow rate of liquids or gases in various industrial processes.

Restraints/ Challenges

• High Cost of Flowmeters

Flowmeters can be expensive, especially for complex and high-precision applications. This can be a barrier for some companies, especially small and medium-sized businesses.

• Complexity of Flowmeter Installation and Maintenance

Flowmeters can be complex to install and maintain. This can be a challenge for some companies, especially those with limited technical expertise.

This global flowmeters market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 the global flowmeters market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In January 2021, Badger Meter, Inc. signed an agreement to acquire Analytical Technology, Inc., Analytical Technology, Inc. is privately held provider of water quality monitoring systems which specializes in the design, manufacture and distribution of water quality instruments based on optical and electrochemical sensors
• In September 2019, Krohne Messtechnik GmbH made a joint venture with Samson AG Samson AG is a company that specializes in the development, production and marketing of autonomous actuators used for process industry 4.0

Global Flowmeters Market Scope

The global flowmeters market is segmented on the basis of type, product type, transmission method, measured medium, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Positive Displacement
• Differential Pressure
• Vortex
• Magnetic
• Coriolis
• Thermal
• Ultrasonic
• Turbine
• Paddle Wheel
• Others

Product Type

• Analog
• Digital

Transmission Method

• Wired
• Wireless

Measured Medium

• Liquid
• Gases
• Steam

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

Global Flowmeters Market Region Analysis/Insights

The global flowmeters market is analysed and market size insights and trends are provided by countries, type, product type, transmission method, measured medium, and end user, as referenced above.

The countries covered in the global flowmeters market report are U.S., Canada, Mexico, Brazil, Argentina, the 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 the Middle East and Africa

North America dominates the global flowmeters market because of the adoption of systems is high in the power generation segment within the region.

Asia-Pacific is the fastest-growing country in the global flowmeters market during the forecast period of 2023 to 2030 due to of the continuous developments in the water and wastewater management sector in the region.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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 the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Flowmeters Market Share Analysis

The global flowmeters market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to the global flowmeters market.

Some of the major players operating in the global flowmeters market are:

• ABB (Switzerland)
• Emerson Electric Co. (U.S.)
• Azbil Corporation (Japan)
• Baker Hughes Company (U.S.)
• Schneider Electric (France)
• Yokogawa Electric Corporation (Japan)
• Badger Meter, Inc (U.S.)
• PARKER HANNIFIN CORP (U.S.)
• Sensirion AG (Switzerland)
• Siemens (Germany)
• SICK AG (Germany)
• Honeywell International Inc (U.S.)
• KROHNE Messtechnik GmbH (U.K.)
• Equflow (Netherlands)
• Flow Meter Group (Netherlands)
• Landis+Gyr. (Switzerland)
• Endress+Hauser Management AG (Switzerland)
• THERMAL INSTRUMENTS CO. (U.S.)
• KEYENCE CORPORATION (Japan)
• ifm electronic gmbh (Germany)
• Sierra Instruments Inc (U.S.)
• TSI,McCrometer, Inc. (U.S.)
• Katronic Technologies Ltd. (U.K.)
• Max Machinery, Inc. (U.S.)
• Seametrics (U.S.)

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