A flowmeter is a device utilized for measuring the flow rate of liquids or gases, whether linear, nonlinear, mass, or volumetric. It is also known as a flow sensor and can be employed for measuring flow in open channels such as rivers or streams. The advantages of flowmeters include enhancing the accuracy, precision, and resolution of fluid measurements.
There are various types of flowmeters available, encompassing differential pressure flow meters, positive displacement flow meters, ultrasonic flow meters, turbine flow meters, magnetic flow meters, Coriolis flow meters, and vortex flow meters. Differential pressure flow meters function based on partially obstructing the flow in a pipe and are widely used, with estimates suggesting that at least 40% of industrial flowmeters currently in use belong to this category. Positive displacement flow meters precisely measure the volume of fluid passing through, offering options in industrial grade, brass, or all-plastic construction. Flowmeters find applications across residential, industrial, and commercial settings. They are extensively utilized across various industries, including water and wastewater management, oil and gas, chemicals, power generation, pulp and paper, and the food and beverage sectors.
The flowmeter market research report is one of a series of new reports that provides flowmeter market statistics, including flowmeter industry global market size, regional shares, competitors with a flowmeter market share, detailed flowmeter market segments, market trends, and opportunities, and any further data you may need to thrive in the flowmeter industry. This flowmeter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The flowmeter market size has grown rapidly in recent years. It will grow from $9.02 billion in 2023 to $10.03 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The expansion observed in the historical period can be primarily attributed to several key factors. These include a heightened emphasis on process optimization and efficiency across industries, a notable increase in the demand for the measurement and monitoring of fluids, substantial growth within process industries like oil & gas, chemical, and petrochemical sectors, widespread adoption of automation and instrumentation in industrial processes, and a strong focus on water resource management and conservation efforts. These factors collectively contributed to the growth and development experienced during that period.
The flowmeter market size is expected to see strong growth in the next few years. It will grow to $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The projected expansion is driven by the increasing demand for non-intrusive and clamp-on flow measurement technologies, their integration into IoT and Industry 4.0 applications, and their adoption within biopharmaceutical and life sciences sectors. Additionally, the growth is fueled by the rise in renewable energy sources and biofuel production, along with substantial investments in R&D for next-gen flow measurement. Key trends anticipated in the forecast period encompass the utilization of ultrasonic flowmeters for non-intrusive measurement, their integration with Industrial Internet of Things (IIoT), deployment of advanced sensor technologies to enhance accuracy, the emergence of wireless and battery-powered flowmeters, and a heightened focus on intelligent diagnostics and predictive maintenance strategies.
The growth of pharmaceutical production is expected to drive the expansion of the flowmeter market. Flowmeters, devices measuring the flow rate of liquids or gases, play a crucial role in pharmaceutical manufacturing by controlling sensitive conditions like pressure and temperature. In August 2021, the Indian pharmaceutical market demonstrated an annual growth of 17.7%, increasing from 13.7% in July 2020, according to IBEF. India Ratings & Research predicts the Indian pharmaceutical market revenue to grow over 12% Year-on-Year in FY22. Additionally, in the USA, it is projected that Americans will spend between $635 and $655 billion on medicine by 2023, marking a 29.6 – 33.7% increase in expenditure compared to 2019. The surge in pharmaceutical production is a key driver behind the growth of the flowmeter market.
The escalating demand in the energy sector is a significant factor propelling the growth of the flowmeter market. Flowmeters are extensively used in the energy sector to measure and monitor the flow of fluids like oil, natural gas, water, and steam. This aids in ensuring efficient operations, compliance with safety and environmental standards, and effective management of energy production, distribution, and consumption. In September 2023, the Government Digital Service reported a 3.0 GW increase in renewable energy capacity since Quarter 2 of 2022 in the UK. This includes contributions from offshore wind, solar PV, and onshore wind, reflecting a 5.8% rise over the previous year. Renewable energy sources generated 42.1% of power in Quarter 2 2023, surpassing both fossil fuels (38.8%) and the same quarter the previous year (38.7%). The growing demand in the energy sector contributes significantly to the flowmeter market's growth.
Product advancements represent a notable trend gaining momentum in the flowmeter market. ABB, a Switzerland-based industrial equipment company, launched CoriolisMaster and ProcessMaster flowmeters in September 2023. These flowmeters feature ProfiNet and Power Over Ethernet capabilities, enhancing efficiency, reliability, and data transfer capabilities for precise flow measurement in process industries. This exemplifies the industry's commitment to technological advancement, showcasing instruments that play a vital role in accurate flow measurement.
Major players in the flowmeter market are actively introducing innovative products such as the SONOFLOW CO.55 non-contact flow meter to enhance their profitability. The SONOFLOW CO.55, an ultrasonic clamp-on flow meter, is specifically designed for the precise and consistent detection of liquid flow rates in flexible plastic tubing. In May 2022, Sonotec GmbH, a Germany-based electronics manufacturing company, launched the SONOFLOW CO.55 non-contact flow meter. This product finds frequent utilization in bioprocessing applications such as media preparation, inoculation, bioreactor feeding, centrifugation, buffer preparation, chromatography, filtration, and tangential flow filtration.
In a strategic move in 2021, Dwyer Instruments, a USA-based manufacturing company specializing in sensors and instrumentation solutions, successfully acquired Universal Flow Monitors, Inc for an undisclosed amount. This strategic acquisition expanded Dwyer Instruments' product portfolio, adding critical industrial applications. Universal Flow Monitors, Inc., a manufacturer of flow meters and controllers for fluids and gases in automation, robotics, and other process automation applications, brought a diverse range of products to Dwyer's offerings. This included vane style, vortex shedding, and laminar flowmeters, as well as rotameters, catering to various end markets. This strategic acquisition aligns with Dwyer Instruments' commitment to strengthening its market position and product offerings in the flowmeter market.
Major companies operating in the flowmeter market include ABB Group, Emerson Electric Co., Em-Tec GmbH, Endress+Hauser Management AG, General Electric Company (GE), Hitachi Ltd., Honeywell International Inc., Höntzsch GmbH, KROHNE Messtechnik GmbH, Siemens AG, Yokogawa Electric Corporation, VSE Volumentechnik GmbH, Keyence Corporation, Schneider Electric SE, Saison Information Systems Co. Ltd., Azbil Corporation, Badger Meter, Max Machinery Inc., Omega Engineering EMEA, Scharf Automation Pvt. Ltd., Forbes Marshall, Kral AG, Electronet Equipments Pvt Ltd., SIKA Dr. Siebert & Kühn GmbH & Co., Sierra Instruments, Fluid Components International LLC, McCrometer Inc., KOBOLD Messring GmbH, ONICON Incorporated, Seametrics Inc., Vogtlin Instruments GmbH, Alicat Scientific
Asia-Pacific was the largest region in the flowmeter market in 2023. Europe is expected to be the second largest region in the forecast period. The regions covered in the flowmeter market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the flowmeter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The flowmeter market consists of sales of multiphase meters, volumetric flowmeters, mass flowmeters, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
There are various types of flowmeters available, encompassing differential pressure flow meters, positive displacement flow meters, ultrasonic flow meters, turbine flow meters, magnetic flow meters, Coriolis flow meters, and vortex flow meters. Differential pressure flow meters function based on partially obstructing the flow in a pipe and are widely used, with estimates suggesting that at least 40% of industrial flowmeters currently in use belong to this category. Positive displacement flow meters precisely measure the volume of fluid passing through, offering options in industrial grade, brass, or all-plastic construction. Flowmeters find applications across residential, industrial, and commercial settings. They are extensively utilized across various industries, including water and wastewater management, oil and gas, chemicals, power generation, pulp and paper, and the food and beverage sectors.
The flowmeter market research report is one of a series of new reports that provides flowmeter market statistics, including flowmeter industry global market size, regional shares, competitors with a flowmeter market share, detailed flowmeter market segments, market trends, and opportunities, and any further data you may need to thrive in the flowmeter industry. This flowmeter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The flowmeter market size has grown rapidly in recent years. It will grow from $9.02 billion in 2023 to $10.03 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The expansion observed in the historical period can be primarily attributed to several key factors. These include a heightened emphasis on process optimization and efficiency across industries, a notable increase in the demand for the measurement and monitoring of fluids, substantial growth within process industries like oil & gas, chemical, and petrochemical sectors, widespread adoption of automation and instrumentation in industrial processes, and a strong focus on water resource management and conservation efforts. These factors collectively contributed to the growth and development experienced during that period.
The flowmeter market size is expected to see strong growth in the next few years. It will grow to $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The projected expansion is driven by the increasing demand for non-intrusive and clamp-on flow measurement technologies, their integration into IoT and Industry 4.0 applications, and their adoption within biopharmaceutical and life sciences sectors. Additionally, the growth is fueled by the rise in renewable energy sources and biofuel production, along with substantial investments in R&D for next-gen flow measurement. Key trends anticipated in the forecast period encompass the utilization of ultrasonic flowmeters for non-intrusive measurement, their integration with Industrial Internet of Things (IIoT), deployment of advanced sensor technologies to enhance accuracy, the emergence of wireless and battery-powered flowmeters, and a heightened focus on intelligent diagnostics and predictive maintenance strategies.
The growth of pharmaceutical production is expected to drive the expansion of the flowmeter market. Flowmeters, devices measuring the flow rate of liquids or gases, play a crucial role in pharmaceutical manufacturing by controlling sensitive conditions like pressure and temperature. In August 2021, the Indian pharmaceutical market demonstrated an annual growth of 17.7%, increasing from 13.7% in July 2020, according to IBEF. India Ratings & Research predicts the Indian pharmaceutical market revenue to grow over 12% Year-on-Year in FY22. Additionally, in the USA, it is projected that Americans will spend between $635 and $655 billion on medicine by 2023, marking a 29.6 – 33.7% increase in expenditure compared to 2019. The surge in pharmaceutical production is a key driver behind the growth of the flowmeter market.
The escalating demand in the energy sector is a significant factor propelling the growth of the flowmeter market. Flowmeters are extensively used in the energy sector to measure and monitor the flow of fluids like oil, natural gas, water, and steam. This aids in ensuring efficient operations, compliance with safety and environmental standards, and effective management of energy production, distribution, and consumption. In September 2023, the Government Digital Service reported a 3.0 GW increase in renewable energy capacity since Quarter 2 of 2022 in the UK. This includes contributions from offshore wind, solar PV, and onshore wind, reflecting a 5.8% rise over the previous year. Renewable energy sources generated 42.1% of power in Quarter 2 2023, surpassing both fossil fuels (38.8%) and the same quarter the previous year (38.7%). The growing demand in the energy sector contributes significantly to the flowmeter market's growth.
Product advancements represent a notable trend gaining momentum in the flowmeter market. ABB, a Switzerland-based industrial equipment company, launched CoriolisMaster and ProcessMaster flowmeters in September 2023. These flowmeters feature ProfiNet and Power Over Ethernet capabilities, enhancing efficiency, reliability, and data transfer capabilities for precise flow measurement in process industries. This exemplifies the industry's commitment to technological advancement, showcasing instruments that play a vital role in accurate flow measurement.
Major players in the flowmeter market are actively introducing innovative products such as the SONOFLOW CO.55 non-contact flow meter to enhance their profitability. The SONOFLOW CO.55, an ultrasonic clamp-on flow meter, is specifically designed for the precise and consistent detection of liquid flow rates in flexible plastic tubing. In May 2022, Sonotec GmbH, a Germany-based electronics manufacturing company, launched the SONOFLOW CO.55 non-contact flow meter. This product finds frequent utilization in bioprocessing applications such as media preparation, inoculation, bioreactor feeding, centrifugation, buffer preparation, chromatography, filtration, and tangential flow filtration.
In a strategic move in 2021, Dwyer Instruments, a USA-based manufacturing company specializing in sensors and instrumentation solutions, successfully acquired Universal Flow Monitors, Inc for an undisclosed amount. This strategic acquisition expanded Dwyer Instruments' product portfolio, adding critical industrial applications. Universal Flow Monitors, Inc., a manufacturer of flow meters and controllers for fluids and gases in automation, robotics, and other process automation applications, brought a diverse range of products to Dwyer's offerings. This included vane style, vortex shedding, and laminar flowmeters, as well as rotameters, catering to various end markets. This strategic acquisition aligns with Dwyer Instruments' commitment to strengthening its market position and product offerings in the flowmeter market.
Major companies operating in the flowmeter market include ABB Group, Emerson Electric Co., Em-Tec GmbH, Endress+Hauser Management AG, General Electric Company (GE), Hitachi Ltd., Honeywell International Inc., Höntzsch GmbH, KROHNE Messtechnik GmbH, Siemens AG, Yokogawa Electric Corporation, VSE Volumentechnik GmbH, Keyence Corporation, Schneider Electric SE, Saison Information Systems Co. Ltd., Azbil Corporation, Badger Meter, Max Machinery Inc., Omega Engineering EMEA, Scharf Automation Pvt. Ltd., Forbes Marshall, Kral AG, Electronet Equipments Pvt Ltd., SIKA Dr. Siebert & Kühn GmbH & Co., Sierra Instruments, Fluid Components International LLC, McCrometer Inc., KOBOLD Messring GmbH, ONICON Incorporated, Seametrics Inc., Vogtlin Instruments GmbH, Alicat Scientific
Asia-Pacific was the largest region in the flowmeter market in 2023. Europe is expected to be the second largest region in the forecast period. The regions covered in the flowmeter market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the flowmeter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The flowmeter market consists of sales of multiphase meters, volumetric flowmeters, mass flowmeters, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Flow Meter Market Characteristics3. Flow Meter Market Trends and Strategies2 Inches4 Inches31. Global Flow Meter Market Competitive Benchmarking32. Global Flow Meter Market Competitive Dashboard33. Key Mergers and Acquisitions in the Flow Meter Market
4. Flow Meter Market - Macro Economic Scenario
5. Global Flow Meter Market Size and Growth
6. Flow Meter Market Segmentation
6 Inches
7. Flow Meter Market Regional and Country Analysis
8. Asia-Pacific Flow Meter Market
9. China Flow Meter Market
10. India Flow Meter Market
11. Japan Flow Meter Market
12. Australia Flow Meter Market
13. Indonesia Flow Meter Market
14. South Korea Flow Meter Market
15. Western Europe Flow Meter Market
16. UK Flow Meter Market
17. Germany Flow Meter Market
18. France Flow Meter Market
19. Italy Flow Meter Market
20. Spain Flow Meter Market
21. Eastern Europe Flow Meter Market
22. Russia Flow Meter Market
23. North America Flow Meter Market
24. USA Flow Meter Market
25. Canada Flow Meter Market
26. South America Flow Meter Market
27. Brazil Flow Meter Market
28. Middle East Flow Meter Market
29. Africa Flow Meter Market
30. Flow Meter Market Competitive Landscape and Company Profiles
34. Flow Meter Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on flow meter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for flow meter? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Type: Differential Pressure; Positive Displacement; Ultrasonic; Turbine; Magnetic; Coriolis; Vortex; Other Types
2) By Power Type: Electric; Solar; Battery Powered
3) By Pipe Size: 2 Inches; 4 Inches; 6 Inches; More Than 6 Inches
4) By End User: Water And Waste Water; Refining And Petrochemical; Oil And Gas; Chemical; Power Generation; Pulp And Paper; Food And Beverage; Pharmaceutical; Metals And Mining; Other End Users
Key Companies Mentioned: Endress+Hausar AG; Honeywell International Inc.; Krohne Messtechnik GmbH; Siemens AG; Yokogawa Electric Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Methodology
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