LAMEA Flow Meters Market Size, Share & Trends Analysis Report By Application, By Product Type, By Country and Growth Forecast, 2023 - 2030

The Latin America, Middle East and Africa Flow Meters Market would witness market growth of 8.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 400.0 thousand units, showcasing a growth of 10.4% (2023-2030).

Flow meters are used in agriculture for measuring and regulating water flow in irrigation systems, optimizing water usage and crop yield. In precision farming, flow meters are employed to dispense fertilizers and pesticides accurately, contributing to efficient and sustainable agriculture practices. Flow meters assess the flow of slurries in the mining and minerals processing sectors, ensuring efficient transportation, and processing of raw materials. They contribute to the efficient distribution of thermal energy in district heating and cooling systems. Flow meters are employed in natural gas distribution networks for precise measurement and billing.

Integrating Internet of Things (IoT) technologies is a significant trend. Smart flow meters with sensors and connectivity features enable real-time monitoring, data analytics, and remote control. These capabilities enhance operational efficiency, facilitate predictive maintenance, and provide valuable insights for process optimization. Traditional flow meters often require direct contact with the fluid. A trend toward non-intrusive or clamp-on flow meters is emerging. These meters use technologies like ultrasonics to measure flow rates externally. This innovation reduces installation costs, minimizes the risk of contamination, and enhances flexibility in application.

Power plants in Saudi Arabia often use substantial amounts of water for cooling. They are employed in hydropower plants in Saudi Arabia to measure water flow through turbines. It plays a role in various renewable energy projects, including measuring the flow of fluids in solar thermal systems or monitoring hydraulic fluid flows in wind turbine systems in Saudi Arabia. As Saudi Arabia invests in the modernization and expansion of its power generation infrastructure, the demand for advanced flow meters is expected to grow to meet the requirements of upgraded facilities. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.

The Brazil market dominated the LAMEA Flow Meters Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $280.4 million by 2030. The Argentina market is showcasing a CAGR of 9.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.4% during (2023 - 2030).

Based on Application, the market is segmented into Water & Wastewater, Oil & Gas, Power Generation, Chemicals, Food & Beverages, Pulp & Paper, and Others. Based on Product Type, the market is segmented into Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• ABB Group
• Emerson Electric Co.
• General Electric Company
• Hitachi, Ltd.
• Honeywell International, Inc.
• Siemens AG
• Yokogawa Electric Corporation
• VSE Volumentechnik GmbH
• Hontzsch GmbH & Co. KG
• Krohne Group

Market Report Segmentation

By Application (Volume, Thousand Units, USD Billion, 2019-2030)

• Water & Wastewater
• Oil & Gas
• Power Generation
• Chemicals
• Food & Beverages
• Pulp & Paper
• Others

By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)

• Magnetic
• Positive Displacement
• Turbine
• Vortex
• Coriolis
• Differential Pressure
• Ultrasonic
• Others

By Country (Volume, Thousand Units, USD Billion, 2019-2030)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA