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Flow Meters Market Size, Share & Trends Analysis Report By Application, By Product Type, By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • January 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5935362
The Global Flow Meters Market size is expected to reach $13.5 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,598.3 thousand units, experiencing a growth of 7.0% (2019-2022).

Ultrasonic flow meters are versatile and can measure both liquid and gas flows. Therefore, the ultrasonic segment captured $877.8 million revenue in the market in 2022. Due to their adaptability, water and wastewater management, oil and gas, chemical processing, and HVAC systems are among the industries in which they are applicable. Ultrasonic flow meters generally have low energy consumption, aligning with the broader trend of energy-efficient technologies. This makes them suitable for applications where energy conservation is a priority. Ultrasonic flow meters are well-suited for measuring fluid flows in renewable energy applications, including hydropower and wind energy. Precise flow measurements contribute to the efficient operation of these systems.



Ongoing infrastructure development projects, including construction and utilities, create demand for flow meters to monitor fluid flows in various applications. Many cities are adopting smart city initiatives that involve integrating various infrastructure components. Flow meters, equipped with smart technologies, contribute to the real-time monitoring and management of fluid flows in smart city infrastructure. Flow meters are used in transportation infrastructure for monitoring and managing traffic flows. Flow meters in intelligent transportation systems (ITS) applications contribute to data-driven decision-making for optimizing traffic patterns. Flow meters are employed in the energy sector, particularly in monitoring fluid flows in pipelines for oil, gas, and other energy resources. Accurate flow measurements are crucial for energy infrastructure's safe and efficient operation. Additionally, smart flow meters provide valuable insights through data analytics. This information aids in optimizing performance, identifying inefficiencies, and making informed decisions to enhance overall operational efficiency. Smart flow meters can seamlessly integrate with control systems, allowing for automated adjustments based on real-time flow data. This integration enhances overall process control and efficiency. Many smart flow meters leverage cloud-based solutions, providing scalability and accessibility. Cloud integration allows easy data storage, retrieval, and sharing across different locations. Some smart flow meters have adaptive and self-calibrating features. These capabilities ensure the meter maintains accuracy over time, reducing the need for frequent manual recalibration. Hence, because of the integration of smart features of smart flow meters, the flow meters market is anticipated to increase significantly.

However, high-quality flow meters with advanced features can involve significant upfront costs. Cost considerations may be challenging, especially for smaller enterprises or industries with budget constraints. Installation, maintenance, energy consumption, and potential outages are all components of the total cost of ownership, which consists of the purchase price. Potential purchasers may be discouraged by the high total costs of ownership. This inconsistency can impact the accuracy and reliability of measurements. The absence of standardization can lead to a fragmented market landscape with diverse technologies, making it challenging for manufacturers to offer universally compatible solutions. Lack of standardization may result in incompatible data formats between different flow meters and systems. Therefore, lack of standardization in flow meters is a significant challenge that hampers the growth of flow meters market.



The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

By Application Analysis

Based on application, the flow meters market is classified into water & wastewater, power generation, pulp & paper, chemicals, oil & gas, food & beverages, and others. The power generation segment garnered a significant revenue share in 2022. Power plants use large amounts of water for cooling purposes. Flow meters measure the cooling water flow, providing essential data for efficient cooling system operation and preventing equipment from overheating. In hydropower plants, flow meters measure water flow through turbines, contributing to efficient electrical power generation. Accurate flow data is essential for hydropower plant performance and management. In nuclear power plants, flow meters monitor the reactor's and other components' coolant flow. This ensures the reactor operates within safe temperature ranges and contributes to the facility's safety.



By Product Type Analysis

By product type, the flow meters market is categorized into magnetic, positive displacement, differential pressure, ultrasonic, coriolis, turbine, vortex, and others. The differential pressure segment covered a considerable revenue share in 2022. Differential pressure flow meters measure the flow rate by creating a pressure drop across a flow element (such as an orifice plate, venturi tube, or flow nozzle) in the fluid path. The pressure drop is related to the flow rate, and this relationship is used to determine the flow rate. Common applications include steam flow measurement, liquid flow measurement in pipes, and gas flow measurement. Various types of differential pressure flow meters are used in different industrial processes.

By Regional Analysis

Region-wise, the flow meters market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a significant revenue share in the flow meters market. North America's chemical and petrochemical industries rely on flow meters to optimize production processes, ensure accurate dosing of chemicals, and enhance overall efficiency. North American industries are adopting smart flow meters for remote monitoring, predictive maintenance, and data-driven decision-making.

Recent Strategies Deployed in the Market

  • Oct-2023: ABB Group came into partnership with ODS Metering Systems, an oil and gas company in the Netherlands. Through this partnership, ABB Group Flow-X computers would pose to assist a growing clientele in the oil and gas sector, providing a dependable and precise automation platform for custody transfer.
  • Sep-2023: ABB Group introduced 'CoriolisMaster and ProcessMaster' flowmeters. The new flowmeter would be available with the capacity of receiving power through the identical Ethernet cable utilized for data transmission, removing the necessity for distinct cabling.
  • Aug-2023: Emerson Electric Co. took over FLEXIM Flexible Industriemeßtechnik GmbH, an Automation machinery manufacturing company in Germany. Through this acquisition, Emerson Electric Co. would enhance its automation portfolio and measurement capability.
  • Sep-2021: ABB Group ABB unveils the electromagnetic flowmeter 'AquaMaster4 Mobile Comms'. The AquaMaster4 Mobile Comms would be available with bidirectional connectivity that empowers intelligent water loss management.
  • Apr-2020: Yokogawa Electric Corporation took over Fluid Imaging Technologies, a US-Based Biotechnology company. Through this acquisition, Yokogawa Electric Corporation would enhance its cell observation solutions portfolio through its life innovation business.

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 Geography (Volume, Thousand Units, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Flow Meters Market, by Application
1.4.2 Global Flow Meters Market, by Product Type
1.4.3 Global Flow Meters Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2022
4.2 Porter Five Forces Analysis
Chapter 5. Global Flow Meters Market by Application
5.1 Global Water & Wastewater Market by Region
5.2 Global Oil & Gas Market by Region
5.3 Global Power Generation Market by Region
5.4 Global Chemicals Market by Region
5.5 Global Food & Beverages Market by Region
5.6 Global Pulp & Paper Market by Region
5.7 Global Others Market by Region
Chapter 6. Global Flow Meters Market by Product Type
6.1 Global Magnetic Market by Region
6.2 Global Positive Displacement Market by Region
6.3 Global Turbine Market by Region
6.4 Global Vortex Market by Region
6.5 Global Coriolis Market by Region
6.6 Global Differential Pressure Market by Region
6.7 Global Ultrasonic Market by Region
6.8 Global Others Market by Region
Chapter 7. Global Flow Meters Market by Region
7.1 North America Flow Meters Market
7.1.1 North America Flow Meters Market by Application
7.1.1.1 North America Water & Wastewater Market by Country
7.1.1.2 North America Oil & Gas Market by Country
7.1.1.3 North America Power Generation Market by Country
7.1.1.4 North America Chemicals Market by Country
7.1.1.5 North America Food & Beverages Market by Country
7.1.1.6 North America Pulp & Paper Market by Country
7.1.1.7 North America Others Market by Country
7.1.2 North America Flow Meters Market by Product Type
7.1.2.1 North America Magnetic Market by Country
7.1.2.2 North America Positive Displacement Market by Country
7.1.2.3 North America Turbine Market by Country
7.1.2.4 North America Vortex Market by Country
7.1.2.5 North America Coriolis Market by Country
7.1.2.6 North America Differential Pressure Market by Country
7.1.2.7 North America Ultrasonic Market by Country
7.1.2.8 North America Others Market by Country
7.1.3 North America Flow Meters Market by Country
7.1.3.1 US Flow Meters Market
7.1.3.1.1 US Flow Meters Market by Application
7.1.3.1.2 US Flow Meters Market by Product Type
7.1.3.2 Canada Flow Meters Market
7.1.3.2.1 Canada Flow Meters Market by Application
7.1.3.2.2 Canada Flow Meters Market by Product Type
7.1.3.3 Mexico Flow Meters Market
7.1.3.3.1 Mexico Flow Meters Market by Application
7.1.3.3.2 Mexico Flow Meters Market by Product Type
7.1.3.4 Rest of North America Flow Meters Market
7.1.3.4.1 Rest of North America Flow Meters Market by Application
7.1.3.4.2 Rest of North America Flow Meters Market by Product Type
7.2 Europe Flow Meters Market
7.2.1 Europe Flow Meters Market by Application
7.2.1.1 Europe Water & Wastewater Market by Country
7.2.1.2 Europe Oil & Gas Market by Country
7.2.1.3 Europe Power Generation Market by Country
7.2.1.4 Europe Chemicals Market by Country
7.2.1.5 Europe Food & Beverages Market by Country
7.2.1.6 Europe Pulp & Paper Market by Country
7.2.1.7 Europe Others Market by Country
7.2.2 Europe Flow Meters Market by Product Type
7.2.2.1 Europe Magnetic Market by Country
7.2.2.2 Europe Positive Displacement Market by Country
7.2.2.3 Europe Turbine Market by Country
7.2.2.4 Europe Vortex Market by Country
7.2.2.5 Europe Coriolis Market by Country
7.2.2.6 Europe Differential Pressure Market by Country
7.2.2.7 Europe Ultrasonic Market by Country
7.2.2.8 Europe Others Market by Country
7.2.3 Europe Flow Meters Market by Country
7.2.3.1 Germany Flow Meters Market
7.2.3.1.1 Germany Flow Meters Market by Application
7.2.3.1.2 Germany Flow Meters Market by Product Type
7.2.3.2 UK Flow Meters Market
7.2.3.2.1 UK Flow Meters Market by Application
7.2.3.2.2 UK Flow Meters Market by Product Type
7.2.3.3 France Flow Meters Market
7.2.3.3.1 France Flow Meters Market by Application
7.2.3.3.2 France Flow Meters Market by Product Type
7.2.3.4 Russia Flow Meters Market
7.2.3.4.1 Russia Flow Meters Market by Application
7.2.3.4.2 Russia Flow Meters Market by Product Type
7.2.3.5 Spain Flow Meters Market
7.2.3.5.1 Spain Flow Meters Market by Application
7.2.3.5.2 Spain Flow Meters Market by Product Type
7.2.3.6 Italy Flow Meters Market
7.2.3.6.1 Italy Flow Meters Market by Application
7.2.3.6.2 Italy Flow Meters Market by Product Type
7.2.3.7 Rest of Europe Flow Meters Market
7.2.3.7.1 Rest of Europe Flow Meters Market by Application
7.2.3.7.2 Rest of Europe Flow Meters Market by Product Type
7.3 Asia Pacific Flow Meters Market
7.3.1 Asia Pacific Flow Meters Market by Application
7.3.1.1 Asia Pacific Water & Wastewater Market by Country
7.3.1.2 Asia Pacific Oil & Gas Market by Country
7.3.1.3 Asia Pacific Power Generation Market by Country
7.3.1.4 Asia Pacific Chemicals Market by Country
7.3.1.5 Asia Pacific Food & Beverages Market by Country
7.3.1.6 Asia Pacific Pulp & Paper Market by Country
7.3.1.7 Asia Pacific Others Market by Country
7.3.2 Asia Pacific Flow Meters Market by Product Type
7.3.2.1 Asia Pacific Magnetic Market by Country
7.3.2.2 Asia Pacific Positive Displacement Market by Country
7.3.2.3 Asia Pacific Turbine Market by Country
7.3.2.4 Asia Pacific Vortex Market by Country
7.3.2.5 Asia Pacific Coriolis Market by Country
7.3.2.6 Asia Pacific Differential Pressure Market by Country
7.3.2.7 Asia Pacific Ultrasonic Market by Country
7.3.2.8 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Flow Meters Market by Country
7.3.3.1 China Flow Meters Market
7.3.3.1.1 China Flow Meters Market by Application
7.3.3.1.2 China Flow Meters Market by Product Type
7.3.3.2 Japan Flow Meters Market
7.3.3.2.1 Japan Flow Meters Market by Application
7.3.3.2.2 Japan Flow Meters Market by Product Type
7.3.3.3 India Flow Meters Market
7.3.3.3.1 India Flow Meters Market by Application
7.3.3.3.2 India Flow Meters Market by Product Type
7.3.3.4 South Korea Flow Meters Market
7.3.3.4.1 South Korea Flow Meters Market by Application
7.3.3.4.2 South Korea Flow Meters Market by Product Type
7.3.3.5 Singapore Flow Meters Market
7.3.3.5.1 Singapore Flow Meters Market by Application
7.3.3.5.2 Singapore Flow Meters Market by Product Type
7.3.3.6 Malaysia Flow Meters Market
7.3.3.6.1 Malaysia Flow Meters Market by Application
7.3.3.6.2 Malaysia Flow Meters Market by Product Type
7.3.3.7 Rest of Asia Pacific Flow Meters Market
7.3.3.7.1 Rest of Asia Pacific Flow Meters Market by Application
7.3.3.7.2 Rest of Asia Pacific Flow Meters Market by Product Type
7.4 LAMEA Flow Meters Market
7.4.1 LAMEA Flow Meters Market by Application
7.4.1.1 LAMEA Water & Wastewater Market by Country
7.4.1.2 LAMEA Oil & Gas Market by Country
7.4.1.3 LAMEA Power Generation Market by Country
7.4.1.4 LAMEA Chemicals Market by Country
7.4.1.5 LAMEA Food & Beverages Market by Country
7.4.1.6 LAMEA Pulp & Paper Market by Country
7.4.1.7 LAMEA Others Market by Country
7.4.2 LAMEA Flow Meters Market by Product Type
7.4.2.1 LAMEA Magnetic Market by Country
7.4.2.2 LAMEA Positive Displacement Market by Country
7.4.2.3 LAMEA Turbine Market by Country
7.4.2.4 LAMEA Vortex Market by Country
7.4.2.5 LAMEA Coriolis Market by Country
7.4.2.6 LAMEA Differential Pressure Market by Country
7.4.2.7 LAMEA Ultrasonic Market by Country
7.4.2.8 LAMEA Others Market by Country
7.4.3 LAMEA Flow Meters Market by Country
7.4.3.1 Brazil Flow Meters Market
7.4.3.1.1 Brazil Flow Meters Market by Application
7.4.3.1.2 Brazil Flow Meters Market by Product Type
7.4.3.2 Argentina Flow Meters Market
7.4.3.2.1 Argentina Flow Meters Market by Application
7.4.3.2.2 Argentina Flow Meters Market by Product Type
7.4.3.3 UAE Flow Meters Market
7.4.3.3.1 UAE Flow Meters Market by Application
7.4.3.3.2 UAE Flow Meters Market by Product Type
7.4.3.4 Saudi Arabia Flow Meters Market
7.4.3.4.1 Saudi Arabia Flow Meters Market by Application
7.4.3.4.2 Saudi Arabia Flow Meters Market by Product Type
7.4.3.5 South Africa Flow Meters Market
7.4.3.5.1 South Africa Flow Meters Market by Application
7.4.3.5.2 South Africa Flow Meters Market by Product Type
7.4.3.6 Nigeria Flow Meters Market
7.4.3.6.1 Nigeria Flow Meters Market by Application
7.4.3.6.2 Nigeria Flow Meters Market by Product Type
7.4.3.7 Rest of LAMEA Flow Meters Market
7.4.3.7.1 Rest of LAMEA Flow Meters Market by Application
7.4.3.7.2 Rest of LAMEA Flow Meters Market by Product Type
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Emerson Electric Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 General Electric Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Hitachi, Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Siemens AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 Yokogawa Electric Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 VSE Volumentechnik GmbH
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Hontzsch GmbH & Co. KG
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Krohne Group
8.10.1 Company Overview
8.10.2 SWOT Analysis
Chapter 9. Winning Imperative for Flow Meters Market

Companies Mentioned

  • 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

Methodology

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