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

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    Report

  • January 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5935751
The Europe Flow Meters Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 631.5 thousand units, showcasing a growth of 6.9% (2019-2022).

The broader trend of digitalization and Industry 4.0 is impacting the flow meters market. Digital flow metering systems, often equipped with advanced communication protocols, seamlessly integrate with other industrial automation systems, supporting a more interconnected and data-driven industrial landscape. Flow meters are benefitting from advancements in sensor technology. Ultrasonic and electromagnetic sensors are increasingly used for flow measurement, providing higher accuracy, reliability, and versatility. These sensors are particularly effective in challenging fluid conditions. Wireless communication and connectivity solutions are gaining prominence. Wireless flow meter networks simplify installation, enhance data accessibility, and contribute to more flexible and scalable monitoring systems.

This tendency corresponds to the growing demand for remote monitoring capabilities. Coriolis flow meters, which directly measure mass flow, are gaining popularity. These meters provide high accuracy and are particularly effective for challenging fluids. Their adoption is increasing in industries where precise mass flow measurement is critical, such as pharmaceuticals and chemicals. Integrating artificial intelligence (AI) algorithms in flow meters is a growing trend. AI enables predictive maintenance, anomaly detection, and adaptive control. These features enhance the overall efficiency of fluid flow management systems and contribute to proactive maintenance strategies. The trend toward remote monitoring and cloud-based solutions is gaining momentum. Flow meter data can be stored and accessed in the cloud, facilitating real-time data analysis, system diagnostics, and accessibility from anywhere with an internet connection.

Flow meters are used in various renewable energy projects in France. The adoption of smart flow meters with advanced features, like real-time monitoring, data analytics, and connectivity, is increasing in the power generation sector in France. As France invests in the modernization and expansion of its power generation infrastructure, the demand for advanced flow meters will likely grow to meet upgraded facilities’ requirements. They are utilized in combined heat and power systems to measure and control the flow of fluids for simultaneous electricity and heat generation in France. Hence, all these factors will uplift the regional market’s expansion in the coming years.

The Germany market dominated the Europe Flow Meters Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $812.9 million by 2030. The UK market is registering a CAGR of 5.9% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 7.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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)
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

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 Europe Flow Meters Market, by Application
1.4.2 Europe Flow Meters Market, by Product Type
1.4.3 Europe Flow Meters Market, by Country
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. Europe Flow Meters Market by Application
5.1 Europe Water & Wastewater Market by Country
5.2 Europe Oil & Gas Market by Country
5.3 Europe Power Generation Market by Country
5.4 Europe Chemicals Market by Country
5.5 Europe Food & Beverages Market by Country
5.6 Europe Pulp & Paper Market by Country
5.7 Europe Others Market by Country
Chapter 6. Europe Flow Meters Market by Product Type
6.1 Europe Magnetic Market by Country
6.2 Europe Positive Displacement Market by Country
6.3 Europe Turbine Market by Country
6.4 Europe Vortex Market by Country
6.5 Europe Coriolis Market by Country
6.6 Europe Differential Pressure Market by Country
6.7 Europe Ultrasonic Market by Country
6.8 Europe Others Market by Country
Chapter 7. Europe Flow Meters Market by Country
7.1 Germany Flow Meters Market
7.1.1 Germany Flow Meters Market by Application
7.1.2 Germany Flow Meters Market by Product Type
7.2 UK Flow Meters Market
7.2.1 UK Flow Meters Market by Application
7.2.2 UK Flow Meters Market by Product Type
7.3 France Flow Meters Market
7.3.1 France Flow Meters Market by Application
7.3.2 France Flow Meters Market by Product Type
7.4 Russia Flow Meters Market
7.4.1 Russia Flow Meters Market by Application
7.4.2 Russia Flow Meters Market by Product Type
7.5 Spain Flow Meters Market
7.5.1 Spain Flow Meters Market by Application
7.5.2 Spain Flow Meters Market by Product Type
7.6 Italy Flow Meters Market
7.6.1 Italy Flow Meters Market by Application
7.6.2 Italy Flow Meters Market by Product Type
7.7 Rest of Europe Flow Meters Market
7.7.1 Rest of Europe Flow Meters Market by Application
7.7.2 Rest of Europe 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

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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