The global venturi tubes market size was at valued at $716.7 million in 2020, and is projected to reach $1,549.7 million by 2032, registering a CAGR of 6.5% from 2023 to 2032.
A venturi tube is a device used to measure the flow of a fluid, typically a liquid or a gas, through a pipe. It consists of a gradually narrowing tube section, creating a constriction in the flow path. This narrowing causes the fluid to increase in speed as it passes through the narrowest point of the tube, according to the principle of Bernoulli's equation.
Venturi tubes market has been growing due to increase in demand for water, owing to rise in global population and need for efficient water management to enable water usage and reduce waste. In addition, it helps to make the best use of available water by implementing water recycling method. Furthermore, advancements in smart venturi tubes for leakage detection and water along with other fluid storage provide positively impact in the venturi tubes market during the forecast period.
The venturi tubes help in decreasing operational costs of utilities. In addition, electronic and ultrasonic venturi tubes improve the accuracy of fluid meter readings greatly. Hence, companies are acquiring advanced sensing solutions for water and wastewater utilization. For instance, in November 2020, SCAN GmbH was acquired by Badger Meter, Inc. SCAN specializes in optical water quality sensing solutions that use in-line monitoring devices to enable real-time assessment of a number of parameters in water and wastewater. In addition, Major companies in the venturi tubes market are implementing strategic moves such as acquisition, collaboration, and partnerships to expand and strengthen their position in venturi tubes market.
For instance, in June 2020, a strategic partnership between Kamstrup and The Avance Metering in smart and reliable technology solutions for utilities was announced. Mutual clientele will benefit from the collaboration as they put important data from Kamstrup metering solutions to work. Customers may enrich their data for strategic goals, such as facilitating a smooth transfer from old to new intelligent metering generations, owing to strategic product fit between the two organizations.
The venturi tubes market is segmented on the basis of product type, fluid type, distribution channel, and region. By product type, the market is divided into standard and smart. By end user industry, the market is bifurcated into water & wastewater, chemical, oil & gas and others. By distribution channel, it is divided into online, and offline. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
A venturi tube is a device used to measure the flow of a fluid, typically a liquid or a gas, through a pipe. It consists of a gradually narrowing tube section, creating a constriction in the flow path. This narrowing causes the fluid to increase in speed as it passes through the narrowest point of the tube, according to the principle of Bernoulli's equation.
Venturi tubes market has been growing due to increase in demand for water, owing to rise in global population and need for efficient water management to enable water usage and reduce waste. In addition, it helps to make the best use of available water by implementing water recycling method. Furthermore, advancements in smart venturi tubes for leakage detection and water along with other fluid storage provide positively impact in the venturi tubes market during the forecast period.
The venturi tubes help in decreasing operational costs of utilities. In addition, electronic and ultrasonic venturi tubes improve the accuracy of fluid meter readings greatly. Hence, companies are acquiring advanced sensing solutions for water and wastewater utilization. For instance, in November 2020, SCAN GmbH was acquired by Badger Meter, Inc. SCAN specializes in optical water quality sensing solutions that use in-line monitoring devices to enable real-time assessment of a number of parameters in water and wastewater. In addition, Major companies in the venturi tubes market are implementing strategic moves such as acquisition, collaboration, and partnerships to expand and strengthen their position in venturi tubes market.
For instance, in June 2020, a strategic partnership between Kamstrup and The Avance Metering in smart and reliable technology solutions for utilities was announced. Mutual clientele will benefit from the collaboration as they put important data from Kamstrup metering solutions to work. Customers may enrich their data for strategic goals, such as facilitating a smooth transfer from old to new intelligent metering generations, owing to strategic product fit between the two organizations.
The venturi tubes market is segmented on the basis of product type, fluid type, distribution channel, and region. By product type, the market is divided into standard and smart. By end user industry, the market is bifurcated into water & wastewater, chemical, oil & gas and others. By distribution channel, it is divided into online, and offline. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
Key companies profiled in the Venturi tubes market report include ADVANCED TECHNOCRACY, ABB, SIEMENS AG, Emerson Electric Co, Honeywell International Inc., Yokogawa Electric Corporation, Omega Engineering, Inc., Badger Meter, Inc., Fuji Electric Co., Ltd. and PARKER HANNIFIN CORP.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the venturi tubes market analysis from 2020 to 2032 to identify the prevailing venturi tubes market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the venturi tubes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global venturi tubes market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Product Type
- Traditional
- Smart
By Distribution Channel
- Online
- Offline
By End User Industry
- Oil and Gas
- Chemical
- Water and Wastewater
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- ADVANCED TECHNOCRACY
- ABB
- SIEMENS AG
- Emerson Electric Co.
- Honeywell International Inc.
- Yokogawa Electric Corporation
- Badger Meter, Inc.
- Fuji Electric Co., Ltd.
- Omega Engineering, Inc.
- PARKER HANNIFIN CORP
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: VENTURI TUBES MARKET, BY PRODUCT TYPE
CHAPTER 5: VENTURI TUBES MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: VENTURI TUBES MARKET, BY END USER INDUSTRY
CHAPTER 7: VENTURI TUBES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- ADVANCED TECHNOCRACY
- ABB
- SIEMENS AG
- Emerson Electric Co.
- Honeywell International Inc.
- Yokogawa Electric Corporation
- Badger Meter, Inc.
- Fuji Electric Co., Ltd.
- Omega Engineering, Inc.
- PARKER HANNIFIN CORP
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 188 |
| Published | November 2023 |
| Forecast Period | 2020 - 2032 |
| Estimated Market Value ( USD | $ 716.7 million |
| Forecasted Market Value ( USD | $ 1549.7 million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
