The global ultrasonic flowmeter market size reached US$ 1.9 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 3.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2023-2032.
An ultrasonic flowmeter is a device that is used to measure the quantity of a liquid or gas that is moving through a pipe. The device measures the fluid velocity which further calculates the motion of gas or any liquid flowing. The velocity of the material flowing is measured with the help of ultrasonic transducers. Along with liquid, one can also measure the velocity of molten sulphur, chemicals, cryogenic liquids and even gases. This device generally works on three different principles namely transit time difference, doppler effect principle, and open channel principle. Ultrasonic flowmeters are mainly used in industries like wastewater, chemical, food and beverages, mining, metals, pharmaceuticals, power generation, paper and pulp industry, etc.
The accuracy of the ultrasonic flowmeters in taking measurements and calculating the velocity of the fluids is a key factor that is driving its demand. The high efficiency and accuracy of ultrasonic flowmeters can be attributed to the fact that they do not suffer mechanical wear and tear, do not cause a drop in the pressure of the fluid flowing through the pipe, and can be used for bidirectional measurements as well. Ultrasonic flowmeters are playing a major role in making bidirectional measurements that can be done with clamp-on flowmeters. Another major factor that is driving the demand of ultrasonic flowmeters is their non-invasive nature. These flowmeters do not require to come in contact with the fluid or involve cutting of the pipe in order to take the measurements. They are highly accurate, reliable and require low-maintenance. Moreover, the rising number of refineries catalyzed by increasing energy demand is also driving the demand of ultrasonic flow meters.
Insertion
Clamp-On
Others
Based on the product type, the market has been segmented into spool piece, insertion, clamp-on and others. The clamp-on segment currently represents the largest segment.
4- Path Transit Time
5- Path Transit Time
6 or More Path Transit Time
Based on the number of paths, the market has been segmented into 3-path transit time, 4- path transit time, 5- Path transit time and 6 or more path transit time.
Transit Time - Multipath
Doppler
Hybrid
Based on the technology, the market has been segmented into transit time - single/dual path, transit time - multipath, doppler and hybrid.
Independent Representatives
Distributors
Online
Based on the distribution channel, the market has been segmented into direct sales, independent representatives, distributors and online.
Non-Petroleum Liquid
Petroleum Liquid
Others
On the basis of application, natural gas represents the largest segment. Other segments include non-petroleum liquid, petroleum liquid, and others.
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the market share.
This report provides a deep insight into the global ultrasonic flowmeter market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ultrasonic flowmeter industry in any manner.
2. What is the expected growth rate of the global ultrasonic flowmeter market during 2024-2032?
3. What are the key factors driving the global ultrasonic flowmeter market?
4. What has been the impact of COVID-19 on the global ultrasonic flowmeter market?
5. What is the breakup of the global ultrasonic flowmeter market based on the product type?
6. What is the breakup of the global ultrasonic flowmeter market based on the technology?
7. What is the breakup of the global ultrasonic flowmeter market based on the distribution channel?
8. What is the breakup of the global ultrasonic flowmeter market based on the application?
9. What are the key regions in the global ultrasonic flowmeter market?
10. Who are the key players/companies in the global ultrasonic flowmeter market?
An ultrasonic flowmeter is a device that is used to measure the quantity of a liquid or gas that is moving through a pipe. The device measures the fluid velocity which further calculates the motion of gas or any liquid flowing. The velocity of the material flowing is measured with the help of ultrasonic transducers. Along with liquid, one can also measure the velocity of molten sulphur, chemicals, cryogenic liquids and even gases. This device generally works on three different principles namely transit time difference, doppler effect principle, and open channel principle. Ultrasonic flowmeters are mainly used in industries like wastewater, chemical, food and beverages, mining, metals, pharmaceuticals, power generation, paper and pulp industry, etc.
The accuracy of the ultrasonic flowmeters in taking measurements and calculating the velocity of the fluids is a key factor that is driving its demand. The high efficiency and accuracy of ultrasonic flowmeters can be attributed to the fact that they do not suffer mechanical wear and tear, do not cause a drop in the pressure of the fluid flowing through the pipe, and can be used for bidirectional measurements as well. Ultrasonic flowmeters are playing a major role in making bidirectional measurements that can be done with clamp-on flowmeters. Another major factor that is driving the demand of ultrasonic flowmeters is their non-invasive nature. These flowmeters do not require to come in contact with the fluid or involve cutting of the pipe in order to take the measurements. They are highly accurate, reliable and require low-maintenance. Moreover, the rising number of refineries catalyzed by increasing energy demand is also driving the demand of ultrasonic flow meters.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global ultrasonic flowmeter market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type, number of paths, technology, application and distribution channel.Breakup by Product Type:
Spool PeiceInsertion
Clamp-On
Others
Based on the product type, the market has been segmented into spool piece, insertion, clamp-on and others. The clamp-on segment currently represents the largest segment.
Breakup by Number of Paths:
3-Path Transit Time4- Path Transit Time
5- Path Transit Time
6 or More Path Transit Time
Based on the number of paths, the market has been segmented into 3-path transit time, 4- path transit time, 5- Path transit time and 6 or more path transit time.
Breakup by Technology:
Transit Time - Single/Dual PathTransit Time - Multipath
Doppler
Hybrid
Based on the technology, the market has been segmented into transit time - single/dual path, transit time - multipath, doppler and hybrid.
Breakup by Distribution Channel:
Direct SalesIndependent Representatives
Distributors
Online
Based on the distribution channel, the market has been segmented into direct sales, independent representatives, distributors and online.
Breakup by Application:
Natural GasNon-Petroleum Liquid
Petroleum Liquid
Others
On the basis of application, natural gas represents the largest segment. Other segments include non-petroleum liquid, petroleum liquid, and others.
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the market share.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Asea Brown Boveri Ltd., Badger Meter Inc., Emerson Electric Co., Emerson Process Management, Faure Herman SA, General Electric, Hach/Marsh McBirney Inc., Honeywell International Inc., Index Corporation, Invensys Process Systems, Rockwell Automation Inc., Siemens AG, Teledyne Isco Inc., Yamatake Co. and Yokogawa Electric Co.This report provides a deep insight into the global ultrasonic flowmeter market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ultrasonic flowmeter industry in any manner.
Key Questions Answered in This Report
1. What was the size of the global ultrasonic flowmeter market in 2023?2. What is the expected growth rate of the global ultrasonic flowmeter market during 2024-2032?
3. What are the key factors driving the global ultrasonic flowmeter market?
4. What has been the impact of COVID-19 on the global ultrasonic flowmeter market?
5. What is the breakup of the global ultrasonic flowmeter market based on the product type?
6. What is the breakup of the global ultrasonic flowmeter market based on the technology?
7. What is the breakup of the global ultrasonic flowmeter market based on the distribution channel?
8. What is the breakup of the global ultrasonic flowmeter market based on the application?
9. What are the key regions in the global ultrasonic flowmeter market?
10. Who are the key players/companies in the global ultrasonic flowmeter market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Ultrasonic Flowmeter Market
6 Market Breakup by Product Type
7 Market Breakup by Number of Paths
8 Market Breakup by Technology
9 Market Breakup by Distribution Channel
10 Market Breakup by Application
11 Market Breakup by Region
12 Ultrasonic Flowmeter Manufacturing Process
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Asea Brown Boveri Ltd.
- Badger Meter Inc.
- Emerson Electric Co.
- Emerson Process Management
- Faure Herman SA
- General Electric
- Hach/Marsh McBirney Inc.
- Honeywell International Inc.
- Index Corporation
- Invensys Process Systems
- Rockwell Automation Inc.
- Siemens AG
- Teledyne Isco Inc.
- Yamatake Co.
- Yokogawa Electric Co.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.9 Billion |
| Forecasted Market Value ( USD | $ 3.1 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
