Flow Meters Market
SHARE
PUBLISHED: 2022 ID: SMRC21402
SHARE

Flow Meters Market Forecasts to 2028 – Global Analysis By Type (Electromagnetic Flowmeters, Orifice Meter), Product (Analog Flow Meter, Smart Flow Meter), Transmission Method (Wireless, Wired ) and By Geography

5.0 (57 reviews)
5.0 (57 reviews)
Published: 2022 ID: SMRC21402

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Flow Meters Market is accounted for $9.22 billion in 2021 and is expected to reach $17.30 billion by 2028 growing at a CAGR of 9.4% during the forecast period. A device or an instrument used to measure the flow rate of liquids and gases is known as a flow meter. It is also known as a flow indicator, flow gauge, and liquid meter depending on the industry which uses it. A variety of flow meters are available for different applications.

Market Dynamics:

Driver:

Worldwide Emphasis on Growing Process Automation


Flow meters have a large number of applications in the automotive, construction, oil & gas, manufacturing, chemical, medical, and water & wastewater industries. The market is predicted to be partly driven by an improvement in these key industries and their rising need for high-performance flow meters. Rising demand from emerging markets such as India and China have already driven overall demand for flow meters. Furthermore, increasing industrialization has increased the focus on automation and customization. This has also led to increased demand for intelligent monitoring and controlling tools & technologies, including flow meters. Governments of several countries have passed laws and regulations for industries to treat the water before discharging it into water bodies. Flow meters are being used in wastewater treatment by quantifying the water that flows through the system.

Restraint:

Economic Slowdown and Decreasing Oil Prices 


Most countries, especially the US, Italy, Spain, the UK, France, and Germany, are severely impacted by the COVID-19 pandemic. The suspension of operations in several manufacturing sectors has resulted in a decline in the GDP of these countries. Owing to the COVID-19 pandemic, the demand from the industrial sector had declined sharply. This impact was further intensified with the declining oil & gas prices and the massive gap between supply and demand.

Opportunity:

Technological Advancement


Advancements in technologies such as wireless monitoring and control, advanced sensors, and digital readouts are expected to create opportunities for the market over the forecast period. Manufacturers of the product are increasingly adopting the Internet of Things (IoT). The advanced approach of IoT enables automatic meter reading, which collects data automatically and remotely. Owing to such technological developments in products, the market is expected to grow at a significant rate.

Threat:

Raw Material Price Fluctuations


The prices of raw materials used in flow meters are fluctuating at unprecedented levels. High cost associated with coriolis and magnetic flow meters is one of the factors that threaten the market growth. And also, fluctuating prices of these materials makes it challenging for OEMs to procure high-quality raw materials and manage delivery schedules imposed by suppliers, which further increases the cost of the market.

Oil and gas segment is expected to be the largest during the forecast period

Owing to the rapid growth of the industry, the development of shale gas reserves is also expected to boost the demand for the product in the oil and gas (O&G) and chemical and petroleum refinement sectors. Flow meters are an operative solution to measure the rate of upstream and downstream processes, custody transfer, and liquid hydrocarbons within the O&G and chemical industries.

The magnetic flow meters segment is expected to have the highest CAGR during the forecast period

Magnetic flow meters are also called mag meters. These flow meters follow the principle of electromagnetic induction to determine the flow of liquid in a pipe.  These flow meters produce signals that are linear with the flow of the fluid. Thus, the turndown rate is low for this flow meter, and it offers greater accuracy than other types of flow meters. It is also unaffected by any change in temperature, density, viscosity, concentration, and electrical conductivity. Magnetic flow meters are feasible for an application that includes rapidly changing media, pH jumps, and large amounts of solids or pulsating flow. Magnetic flow meters are preferably used for sanitary applications in water & wastewater and food & beverages industries. These flow meters are largely used in water & wastewater, metals & mining, chemical, and pulp & paper end-use industries.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, owing to the rising investments in developing countries and manufacturing capacity additions across end-use industries, particularly water treatment and chemical processing. Investment in water & wastewater, energy and power, refining, chemicals, pulp & paper, and industrial infrastructure activities is increasing in developing economies such as China and India. This drives demand for measuring instruments, which has contributed significantly to the growth of the market in the Asia Pacific. China is the key market for flow meters in the Asia Pacific owing to its increasing industrialization and low-cost manufacturing technology. Most key players operating in the flow meters market have their production capacities in the Asia Pacific since the province’s production cost is lower than that in other provinces.

Region with highest CAGR:

Europe is projected to have the highest CAGR. The European market is in a mature stage and growing at a slower to moderate rate. Stringent regulations, growing investment in renewable energy, increasing support for sustainable development, and rising demand for bio-chemicals are a few factors owing to which the European countries are minimizing their dependency on the oil & gas industry. This, in turn, has resulted in a decline in refinery throughput. In Europe, the adoption of systems is high in the power generation segment, contributing to the regional market growth. The demand for magnetic, ultrasonic, and Coriolis flowmeters for O&G management is expected to upsurge in the province. Europe is home to several manufacturers and providers of flow rate measurement products and solutions, such as Endress+Hausar AG, Krohne Messtechnik GmbH, and ABB Ltd.

Key players in the market:

Some of the key players profiled in the Flow Meters Market include ABB Limited, Azbil Corporation, Badger Meter Inc, Emerson Electric Company, Endress + Hauser , General Electric, Honeywell International Inc, Krohne Messtechnik GmbH, Schneider Electric Se, Siemens AG, Yokogawa Electric Corporation, Tasi Group, Hitachi High-Tech Corporation.

Key developments:

In May 2019: Tasi Group has announced that it is buying Sierra Instruments, a global specialist in flow measurement instrumentation and testing. This is the second acquisition finalized by Tasi in just two months; Tasi Group has also bought Onicon, which designs and manufactures flowmeters and energy management systems.

In July 2019: REMSTAETTEN, announced plans to extend their China Water Utilities’ Platform, an industrial alliance founded to promote the benefits of ultrasonic water metering and NB-IoT technologies based on Ali Cloud. With the launch of the new Jiangxi Water Utility’s Technical Lab in Nanchang, Jiangxi Province, the partners will support Chinese utilities companies with leading-edge demonstrations of the “big data dividend” of ultrasonic water metering.

In March 2021: KROHNE launched the AF-E 400 ultra-compact electromagnetic flowmeter for utility and industrial automation applications to fit in applications with constrained installation space, such as welding equipment cooling lines, bending machines, and robots.

Types Covered: 
• Electromagnetic Flowmeters 
• Orifice Meter  
• Magnetic Flow Meters 
• Metal Tube Rotameter 
• Turbine   
• Positive Displacement 
• Venturi Meter  
• Differential Pressure  
• Coriolis Mass Flow Meter 
• Ultrasonic Flow Meters 
• Optical Flow Meter  
• Mechanical Flow Meter 
• Vortex   
• Other Types   

Products Covered:
• Analog Flow Meter  
• Smart Flow Meter    

Transmission Methods Covered:
• Wireless   
• Wired 
 
Measured Mediums Covered:
• Liquid/Slurry Steam  
• Gases

 Applications Covered:
• Residential  
• Commercial  
• Industrial
 
End Users Covered:

• Chemicals  
• Construction  
• Food & Beverage  
• Hydraulic Systems  
• Marine   
• Metals & Mining  
• Oil & Gas   
• Pharmaceutical & Biotech 
• Power Generation  
• Pulp & Paper  
• Refining & Petrochemicals 
• Water & Waste Water
   
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 Product Analysis   
 3.7 Application Analysis   
 3.8 End User Analysis   
 3.9 Emerging Markets   
 3.10 Impact of Covid-19   
     
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Flow Meters Market, By Type    
 5.1 Introduction   
 5.2 Electromagnetic Flowmeters     
 5.3 Orifice Meter      
 5.4 Magnetic Flow Meters     
  5.4.1 Low Flow Magnetic    
  5.4.2 In-Line Magnetic    
  5.4.3 Insertion Magnetic    
 5.5 Metal Tube Rotameter     
 5.6 Turbine       
 5.7 Positive Displacement     
 5.8 Venturi Meter      
 5.9 Differential Pressure      
 5.10 Coriolis Mass Flow Meter     
 5.11 Ultrasonic Flow Meters     
  5.11.1 Clamp-On Ultrasonic Flow Meters  
  5.11.2 Spool Pieces    
  5.11.3 Insertion Ultrasonic Flow Meters  
 5.12 Optical Flow Meter      
 5.13 Mechanical Flow Meter     
 5.14 Vortex       
 5.15 Other Types      
  5.15.1 Variable Area    
  5.15.2 Multiphase Flow Meters   
  5.15.3 Thermal Flow Meters   
     
6 Global Flow Meters Market, By Product    
 6.1 Introduction   
 6.2 Analog Flow Meter       
 6.3 Smart Flow Meter      
     
7 Global Flow Meters Market, By Transmission Method    
 7.1 Introduction   
 7.2 Wireless       
 7.3 Wired    
     
8 Global Flow Meters Market, By Measured Medium    
 8.1 Introduction   
 8.2 Liquid/Slurry Steam      
 8.3 Gases       
     
9 Global Flow Meters Market, By Application    
 9.1 Introduction   
 9.2 Residential      
 9.3 Commercial      
 9.4 Industrial       
     
10 Global Flow Meters Market, By End User    
 10.1 Introduction    
 10.2 Chemicals      
 10.3 Construction      
 10.4 Food & Beverage      
 10.5 Hydraulic Systems      
 10.6 Marine       
 10.7 Metals & Mining      
 10.8 Oil & Gas       
 10.9 Pharmaceutical & Biotech     
 10.10 Power Generation      
 10.11 Pulp & Paper      
 10.12 Refining & Petrochemicals     
 10.13 Water & Waste Water     
     
11 Global Flow Meters Market, By Geography    
 11.1 Introduction   
 11.2 North America   
  11.2.1 US  
  11.2.2 Canada  
  11.2.3 Mexico  
 11.3 Europe   
  11.3.1 Germany  
  11.3.2 UK  
  11.3.3 Italy  
  11.3.4 France  
  11.3.5 Spain  
  11.3.6 Rest of Europe  
 11.4 Asia Pacific   
  11.4.1 Japan  
  11.4.2 China  
  11.4.3 India  
  11.4.4 Australia  
  11.4.5 New Zealand  
  11.4.6 South Korea  
  11.4.7 Rest of Asia Pacific  
 11.5 South America   
  11.5.1 Argentina  
  11.5.2 Brazil  
  11.5.3 Chile  
  11.5.4 Rest of South America  
 11.6 Middle East & Africa   
  11.6.1 Saudi Arabia  
  11.6.2 UAE  
  11.6.3 Qatar  
  11.6.4 South Africa  
  11.6.5 Rest of Middle East & Africa  
     
12 Key Developments    
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 12.2 Acquisitions & Mergers   
 12.3 New Product Launch   
 12.4 Expansions   
 12.5 Other Key Strategies   
     
13 Company Profiling    
 13.1 ABB Limited      
 13.2 Azbil Corporation      
 13.3 Badger Meter Inc      
 13.4 Emerson Electric Company     
 13.5 Endress + Hauser      
 13.6 General Electric      
 13.7 Honeywell International Inc     
 13.8 Krohne Messtechnik GmbH     
 13.9 Schneider Electric Se      
 13.10 Siemens AG      
 13.11 Yokogawa Electric Corporation     
 13.12 Tasi Group   
 13.13 Hitachi High-Tech Corporation   


List of Tables      
1 Global Flow Meters Market Outlook, By Region (2020-2028) (US $MN)     
2 Global Flow Meters Market Outlook, By Type (2020-2028) (US $MN)    
3 Global Flow Meters Market Outlook, By Electromagnetic Flowmeters  (2020-2028) (US $MN)    
4 Global Flow Meters Market Outlook, By Orifice Meter (2020-2028) (US $MN)    
5 Global Flow Meters Market Outlook, By Magnetic Flow Meters (2020-2028) (US $MN)    
6 Global Flow Meters Market Outlook, By Low Flow Magnetic (2020-2028) (US $MN)    
7 Global Flow Meters Market Outlook, By In-Line Magnetic (2020-2028) (US $MN)    
8 Global Flow Meters Market Outlook, By Insertion Magnetic (2020-2028) (US $MN)    
9 Global Flow Meters Market Outlook, By Metal Tube Rotameter (2020-2028) (US $MN)    
10 Global Flow Meters Market Outlook, By Turbine (2020-2028) (US $MN)    
11 Global Flow Meters Market Outlook, By Positive Displacement (2020-2028) (US $MN)    
12 Global Flow Meters Market Outlook, By Venturi Meter (2020-2028) (US $MN)    
13 Global Flow Meters Market Outlook, By Differential Pressure (2020-2028) (US $MN)    
14 Global Flow Meters Market Outlook, By Coriolis Mass Flow Meter (2020-2028) (US $MN)    
15 Global Flow Meters Market Outlook, By Ultrasonic Flow Meters (2020-2028) (US $MN)    
16 Global Flow Meters Market Outlook, By Clamp-On Ultrasonic Flow Meters (2020-2028) (US $MN)    
17 Global Flow Meters Market Outlook, By Spool Pieces (2020-2028) (US $MN)    
18 Global Flow Meters Market Outlook, By Insertion Ultrasonic Flow Meters (2020-2028) (US $MN)    
19 Global Flow Meters Market Outlook, By Optical Flow Meter (2020-2028) (US $MN)    
20 Global Flow Meters Market Outlook, By Mechanical Flow Meter (2020-2028) (US $MN)    
21 Global Flow Meters Market Outlook, By Vortex (2020-2028) (US $MN)     
22 Global Flow Meters Market Outlook, By Other Types (2020-2028) (US $MN)    
23 Global Flow Meters Market Outlook, By Variable Area (2020-2028) (US $MN)    
24 Global Flow Meters Market Outlook, By Multiphase Flow Meters (2020-2028) (US $MN)    
25 Global Flow Meters Market Outlook, By Thermal Flow Meters (2020-2028) (US $MN)    
26 Global Flow Meters Market Outlook, By Product (2020-2028) (US $MN)    
27 Global Flow Meters Market Outlook, By Analog Flow Meter (2020-2028) (US $MN)    
28 Global Flow Meters Market Outlook, By Smart Flow Meter (2020-2028) (US $MN)    
29 Global Flow Meters Market Outlook, By Transmission Method (2020-2028) (US $MN)    
30 Global Flow Meters Market Outlook, By Wireless (2020-2028) (US $MN)    
31 Global Flow Meters Market Outlook, By Wired (2020-2028) (US $MN)    
32 Global Flow Meters Market Outlook, By Measured Medium (2020-2028) (US $MN)    
33 Global Flow Meters Market Outlook, By Liquid/Slurry Steam (2020-2028) (US $MN)    
34 Global Flow Meters Market Outlook, By Gases (2020-2028) (US $MN)    
35 Global Flow Meters Market Outlook, By Application (2020-2028) (US $MN)    
36 Global Flow Meters Market Outlook, By Residential (2020-2028) (US $MN)    
37 Global Flow Meters Market Outlook, By Commercial (2020-2028) (US $MN)    
38 Global Flow Meters Market Outlook, By Industrial (2020-2028) (US $MN)    
39 Global Flow Meters Market Outlook, By End User (2020-2028) (US $MN)    
40 Global Flow Meters Market Outlook, By Chemicals (2020-2028) (US $MN)    
41 Global Flow Meters Market Outlook, By Construction (2020-2028) (US $MN)    
42 Global Flow Meters Market Outlook, By Food & Beverage (2020-2028) (US $MN)    
43 Global Flow Meters Market Outlook, By Hydraulic Systems (2020-2028) (US $MN)    
44 Global Flow Meters Market Outlook, By Marine (2020-2028) (US $MN)    
45 Global Flow Meters Market Outlook, By Metals & Mining (2020-2028) (US $MN)    
46 Global Flow Meters Market Outlook, By Oil & Gas (2020-2028) (US $MN)    
47 Global Flow Meters Market Outlook, By Pharmaceutical & Biotech (2020-2028) (US $MN)    
48 Global Flow Meters Market Outlook, By Power Generation (2020-2028) (US $MN)    
49 Global Flow Meters Market Outlook, By Pulp & Paper (2020-2028) (US $MN)    
50 Global Flow Meters Market Outlook, By Refining & Petrochemicals (2020-2028) (US $MN)    
51 Global Flow Meters Market Outlook, By Water & Waste Water (2020-2028) (US $MN)    
     
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.    

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials