Flowmeters Market
Flowmeters Market Size, Share & Trends Analysis Report by Flow Product( Differential Pressure (DP), Positive Displacement (PD), Magnetic, Ultrasonic, Turbine and Others (Vortex, Coriolis)), and by Application (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Food & Beverage and Others), Forecast Period (2023-2030)
Flowmeters market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). Flowmeters are used to measure the mass flow rate or the volumetric flow rate of a fluid in many types of applications. The growing adoption of energy measurement flowmeter coupled with the improving precision temperature sensors is the key factor supporting the growth of the market globally. Market players providing one communication output for multiple meters and reducing the number of connections, daisy chains, and network set up configurations. The market players are also focusing on introducing multiple flowmeters solutions that further bolster the market growth. For instance, in March 2023, ONICON Inc. Launched the System-1000 Flow and energy measurement system, A revolutionary new platform for HVAC instrumentation. One of the key features of the System-1000 is its multiple flow meter options. Designed for networking, up to eight flow meters can be connected to the unit.
Segmental Outlook
The global flowmeters market is segmented on the flow product and application. Based on the flow product, the market is sub-segmented into differential pressure (DP), positive displacement (PD), magnetic (wired, wireless), ultrasonic, turbine and others (vortex, coriolis). Further, on the basis of application, the market is sub-segmented into water & wastewater, oil & gas, chemicals, power generation, food & beverage and others (pulp & paper). Among the application, the water & wastewater sub-segment is anticipated to hold a considerable share of the market owing to the rise in development of magnetic and ultrasonic flow meters for for wastewater treatment.
The Ultrasonic Sub-Segment is Anticipated to Hold a Considerable Share of the Global Flowmeters Market
Among the flow product, the ultrasonic sub-segment is expected to hold a considerable share of the global flowmeters market. The segmental growth is attributed to the growing influence of ultrasonic clamp-on sensor that offers measurement accuracy of up to 1% and hardly any drift at zero flow, with its next-generation flow meter market players improving the clamp-to-clamp repeatability by adjusting the measurement channel architecture. For instance, in May 2022, SONOTEC GmbH launched a new generation of its high-accuracy clamp-on flow meter SONOFLOW CO.55. SONOTEC enhanced its SONOFLOW® CO.55 non-contact flow meter to increase the efficiency throughout PAT-related upstream and downstream processes in biotechnology applications.
Regional Outlook
The global flowmeters market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the increase in demand from water industries to clean effluents from production plants.
Global Flowmeters Market Growth, by Region 2023-2030
The North America Region is Expected to Grow at a Significant CAGR in the Global Flowmeters Market
Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to advancements in technologies such as wireless monitoring and control, advanced sensors, and digital readouts. Manufacturers of the product are increasingly adopting the Internet of Things (IoT) sensors for smart metering solutions. The advanced approach of IoT enables automatic meter reading, which collects data automatically and remotely.
Traditional peak flow meters are widely used to measure peak expiratory flow rate (PEF), a key indicator of lung function in asthma patients. For instance, in April 2023, Tenovi launched a cellular FDA-Cleared remote peak flow meter for advanced remote physiological monitoring of asthmatic patients. When combined with Tenovi's Cellular Gateway, the device allows patients with asthma to transmit peak expiratory flow rate (PEF) and 1-second forced expiratory volume (FEV1) readings instantly to clinicians.
Market Players Outlook
The major companies serving the flowmeters market include ABB, Emerson Electric Co., General Electric, Honeywell International Inc., PARKER HANNIFIN CORP., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2022, Sentronics announced a partnership with testing system supplier Horiba UK and launched its next-generation ultrasonic fuel flow meter, dubbed the Horiba RealFlow Powered by Sentronics, for the automotive industry.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global flowmeters market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. ABB
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Honeywell International Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. PARKER HANNIFIN CORP.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Flowmeters Market by Flow Product
4.1.1. Differential Pressure (DP)
4.1.2. Positive Displacement (PD)
4.1.3. Magnetic (Sub seg Wired, Wireless)
4.1.4. Ultrasonic
4.1.5. Turbine
4.1.6. Others (Vortex, Coriolis)
4.2. Global Flowmeters Market by Application
4.2.1. Water & Wastewater
4.2.2. Oil & Gas
4.2.3. Chemicals
4.2.4. Power Generation
4.2.5. Food & Beverage
4.2.6. Others(Pulp & Paper)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Azbil Corp
6.2. Badger Meter, Inc.
6.3. Brooks Instrument
6.4. Emerson Electric Co.
6.5. Endress+Hauser Group Services AG
6.6. Flowmetrics Inc.
6.7. Fluid Components LLC
6.8. Fuji Electric Co., Ltd.
6.9. General Electric
6.10. KOBOLD Messring GmbH
6.11. KROHNE Messtechnik GmbH
6.12. McMillan Company
6.13. Omega Engineering, Inc.
6.14. Siemens
6.15. SLB
6.16. Universal Flow Monitors, Inc.
6.17. WIKA Instruments India Pvt. Ltd.
6.18. Yokogawa India Ltd.
1. GLOBAL FLOWMETERS MARKET RESEARCH AND ANALYSIS BY FLOW PRODUCT, 2022-2030 ($ MILLION)
2. GLOBAL DIFFERENTIAL PRESSURE (DP) FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL POSITIVE DISPLACEMENT (PD) FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
4. GLOBAL MAGNETIC FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
5. GLOBAL WIRED FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
6. GLOBAL WIRELESS FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
7. GLOBAL ULTRASONIC FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
8. GLOBAL TURBINE FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
9. GLOBAL OTHERS FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
10. GLOBAL FLOWMETERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
11. GLOBAL FLOWMETERS FOR WATER & WASTEWATER MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
12. GLOBAL FLOWMETERS FOR OIL & GAS MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
13. GLOBAL FLOWMETERS FOR CHEMICALS MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
14. GLOBAL FLOWMETERS FOR POWER GENERATION MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
15. GLOBAL FLOWMETERS FOR FOOD & BEVERAGE MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
16. GLOBAL FLOWMETERS FOR OTHERS MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
17. GLOBAL FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. NORTH AMERICAN FLOWMETERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. NORTH AMERICAN FLOWMETERS MARKET RESEARCH AND ANALYSIS BY FLOW PRODUCT, 2022-2030 ($ MILLION)
20. NORTH AMERICAN FLOWMETERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
21. EUROPEAN FLOWMETERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. EUROPEAN FLOWMETERS MARKET RESEARCH AND ANALYSIS BY FLOW PRODUCT, 2022-2030 ($ MILLION)
23. EUROPEAN FLOWMETERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC FLOWMETERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC FLOWMETERS MARKET RESEARCH AND ANALYSIS BY FLOW PRODUCT, 2022-2030 ($ MILLION)
26. ASIA- PACIFIC FLOWMETERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
27. REST OF THE WORLD FLOWMETERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
28. REST OF THE WORLD FLOWMETERS MARKET RESEARCH AND ANALYSIS BY FLOW PRODUCT, 2022-2030 ($ MILLION)
29. REST OF THE WORLD FLOWMETERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL FLOWMETERS MARKET SHARE BY Flow Product, 2022 VS 2030 (%)
2. GLOBAL DIFFERENTIAL PRESSURE (DP) FLOWMETERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL POSITIVE DISPLACEMENT (PD) FLOWMETERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL MAGNETIC FLOWMETERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL WIRED FLOWMETERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL WIRELESS FLOWMETERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL ULTRASONIC FLOWMETERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL TURBINE FLOWMETERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL OTHERS FLOWMETERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL FLOWMETERS MARKET SHARE ANALYSIS BY Application, 2022-2030 ($ MILLION)
11. GLOBAL FLOWMETERS FOR Water & Wastewater MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL FLOWMETERS FOR Oil & Gas MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL FLOWMETERS FOR Chemicals MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL FLOWMETERS FOR Power Generation MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL FLOWMETERS FOR Food & Beverage MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL FLOWMETERS FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL FLOWMETERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. US FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
19. CANADA FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
20. UK FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
21. FRANCE FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
22. GERMANY FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
23. ITALY FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
24. SPAIN FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF EUROPE FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
26. INDIA FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
27. CHINA FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
28. JAPAN FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
29. SOUTH KOREA FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF ASIA-PACIFIC FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD FLOWMETERS MARKET SIZE, 2022-2030 ($ MILLION)
