Immersible Mass Flow Meter Market
Immersible Mass Flow Meter Market Forecasts to 2030 - Global Analysis By Type (Coriolis Immersible Mass Flow Meters, Thermal Immersible Mass Flow Meters and Other Types), End User and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
5.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Immersible Mass Flow Meter Market is growing at a CAGR of 5.4% during the forecast period. One kind of flow meter used to gauge a fluid's mass flow rate is an immersible mass flow meter and it is made especially to be submerged straight into the fluid being tested, enabling precise and trustworthy readings for a range of uses. Thermal dispersion is the foundation of the immersible mass flow meter's operation. First of all, it works with a broad variety of fluids since it is unaffected by variations in fluid temperature, viscosity, or density and it helpful in applications requiring precision measurement since it can produce accurate readings even at low flow rates. It also has the advantage of being simple to install and remove from the fluid system without obstructing the flow thus driving the growth of the market.
Market Dynamics:
Driver:
Rising demand in water & wastewater treatment
Because of population growth, urbanization, and industrialization, there is an increasing requirement for water and wastewater treatment facilities, which raises the need for precise flow measuring tools like immersible mass flow meters. These meters are essential for tracking and managing liquid flow throughout different phases of treatment procedures. Processes for treating wastewater and water are improved with the use of immersible mass flow meters. Thus better control over the flow rates of chemicals, additives, or reagents is made possible by accurate flow monitoring, which guarantees effective treatment and lowers operating expenses which enhances the growth of the market.
Restraint:
Pressure and temperature limitations
The situations in which immersible mass flow meters can function efficiently are limited by pressure and temperature. These restrictions may be too costly for industries that need measurements in harsh environments, which prompt research into alternate flow measuring options. Moreover Immersible mass flow meters that can dependable operate in high-pressure or high-temperature settings may be difficult to locate for industries that deal with these processes, such as some chemical or industrial applications. Operational continuity may be impacted by this constraint if frequent replacements or recalibrations are required impeding the growth of the market.
Opportunity:
Ability to integration with control systems
Real-time data gathering and monitoring are made possible by integration with control systems. This makes it easier for immersible mass flow meters to measure flow rates with greater accuracy and dependability, guaranteeing precise process management and optimization. Manufacturers are able to create immersible mass flow meters with features specifically designed for integration with certain control systems, offering adaptable solutions to satisfy the various demands of various applications and industries. Immersible mass flow meters gain greater traction in a variety of sectors, including oil and gas, chemical processing, pharmaceuticals, and more, as a result of their integration with control systems, which improves their value proposition. This promotes market expansion and broadens the range of uses for these meters.
Threat:
Availability of raw materials with intense competition
Manufacturers of immersible mass flow meters may find themselves at a disadvantage versus rivals providing less expensive flow measuring devices due to higher startup expenses. Market share and industry competitiveness may be impacted by this circumstance. Because of the substantial upfront costs, some prospective customers would decide to wait or postpone making a purchase, which would slow down market expansion and lengthen the sales cycle for companies who make immersible mass flow meters. Manufacturers may look at ways to cut manufacturing costs without sacrificing quality in response to market demand for more affordable flow metering devices. Nevertheless, it might be difficult to save costs without sacrificing great precision and dependability.
Covid-19 Impact
This has affected the market for immersible mass flow meters because to the COVID-19 epidemic. Nevertheless, the search results that were supplied do not contain any precise information on the effect of COVID-19 on the market for immersible mass flow meters. For more thorough and current information on the effects of COVID-19 on the immersible mass flow meter market, it is advised to contact industry studies, market analyses, or subject-matter specialists.
The coriolis immersible mass flow meters segment is expected to be the largest during the forecast period
The coriolis immersible mass flow meters segment is estimated to have a lucrative growth, as they are appropriate for critical applications where precision is vital because they offer extremely exact readings even in a variety of fluid conditions. Numerous industrial applications can benefit from these meters' ability to handle a broad variety of fluids, including corrosive, viscous, abrasive, and high-viscosity fluids. Because of their strong structure and direct measuring approach, they frequently require less maintenance, which results in less downtime and lower total operating expenses which encourages in the growth of the market.
The processing & manufacturing segment is expected to have the highest CAGR during the forecast period
The processing & manufacturing segment is anticipated to witness the highest CAGR growth during the forecast period, because immersible mass flow meters are used in the petrochemical and refining industries to measure the flow rates of various refined products, gases, and crude oil. They support the monitoring and management of pipeline and refining process flow. To guarantee accurate dosing of components in prescription formulations, pharmaceutical industry relies heavily on accurate flow rate measurement. In this business, submersible mass flow meters play a vital role in upholding strict laws and quality standards thereby propelling the growth of the market.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the South Korea, Japan, China, India, and other nations, which has experienced a fast industrialization in a number of different industries. The need for precise flow measuring tools, such as immersible mass flow meters, has expanded in sectors like manufacturing, chemicals, oil and gas, and water treatment. Governments and businesses are investing in water and wastewater treatment facilities due to growing worries about the quality and shortage of water. Furthermore because of their importance in various treatment procedures, immersible mass flow meters are in higher demand in this industry.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to a number of well-known flow measuring firms' headquarters or major markets. The region's market for immersible mass flow meters is expanding thanks in part to the innovation and competition these businesses foster. Immersible mass flow meters are widely used by the oil and gas sector in North America, especially in the US, to measure flow rates during the extraction, transportation, and refining operations. The continued advancements in the production of oil and shale gas further support market expansion.
Key players in the market
Some of the key players profiled in the Immersible Mass Flow Meter Market include IFM, ABB, Sierra Instruments, Magnetrol, OVAL Corporation, Baumer, Bell Flow Systems, Hukseflux, Aalborg, Fluid Components LLC, Endress + Hauser, Fox Thermal Instruments, Brooks Instrument, KEM, KOBOLD and OMEGA Engineering
Key Developments:
In September 2023, ABB invests in strategic partnership with clean energy start-up to offer end-to-end wind energy portfolio. Venture capital investment complements ABB’s wind portfolio with digital offering, allowing it to expand its market reach beyond wind converters and services
In August 2023, ABB expands partnership with Northvolt to electrify the world’s largest battery recycling facility. This partnership is now being expanded to include battery recycling with ABB providing process electrification to power the world.
Types Covered:
• Coriolis Immersible Mass Flow Meters
• Thermal Immersible Mass Flow Meters
• Other Types
End Users Covered:
• Food & Beverage Industry
• Processing & Manufacturing
• Automotive
• Pharmaceuticals
• Other End Users
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 2021, 2022, 2023, 2026, and 2030
- 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 End User Analysis
3.7 Emerging Markets
3.8 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 Immersible Mass Flow Meter Market, By Type
5.1 Introduction
5.2 Coriolis Immersible Mass Flow Meters
5.3 Thermal Immersible Mass Flow Meters
5.4 Other Types
6 Global Immersible Mass Flow Meter Market, By End User
6.1 Introduction
6.2 Food & Beverage Industry
6.3 Processing & Manufacturing
6.4 Automotive
6.5 Pharmaceuticals
6.6 Other End Users
7 Global Immersible Mass Flow Meter Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 IFM
9.2 ABB
9.3 Sierra Instruments
9.4 Magnetrol
9.5 OVAL Corporation
9.6 Baumer
9.7 Bell Flow Systems
9.8 Hukseflux
9.9 Aalborg
9.10 Fluid Components LLC
9.11 Endress + Hauser
9.12 Fox Thermal Instruments
9.13 Brooks Instrument
9.14 KEM
9.15 KOBOLD
9.16 OMEGA Engineering
List of Tables
1 Global Immersible Mass Flow Meter Market Outlook, By Region (2021-2030) ($MN)
2 Global Immersible Mass Flow Meter Market Outlook, By Type (2021-2030) ($MN)
3 Global Immersible Mass Flow Meter Market Outlook, By Coriolis Immersible Mass Flow Meters (2021-2030) ($MN)
4 Global Immersible Mass Flow Meter Market Outlook, By Thermal Immersible Mass Flow Meters (2021-2030) ($MN)
5 Global Immersible Mass Flow Meter Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Immersible Mass Flow Meter Market Outlook, By End User (2021-2030) ($MN)
7 Global Immersible Mass Flow Meter Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
8 Global Immersible Mass Flow Meter Market Outlook, By Processing & Manufacturing (2021-2030) ($MN)
9 Global Immersible Mass Flow Meter Market Outlook, By Automotive (2021-2030) ($MN)
10 Global Immersible Mass Flow Meter Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
11 Global Immersible Mass Flow Meter Market Outlook, By Other End Users (2021-2030) ($MN)
12 North America Immersible Mass Flow Meter Market Outlook, By Country (2021-2030) ($MN)
13 North America Immersible Mass Flow Meter Market Outlook, By Type (2021-2030) ($MN)
14 North America Immersible Mass Flow Meter Market Outlook, By Coriolis Immersible Mass Flow Meters (2021-2030) ($MN)
15 North America Immersible Mass Flow Meter Market Outlook, By Thermal Immersible Mass Flow Meters (2021-2030) ($MN)
16 North America Immersible Mass Flow Meter Market Outlook, By Other Types (2021-2030) ($MN)
17 North America Immersible Mass Flow Meter Market Outlook, By End User (2021-2030) ($MN)
18 North America Immersible Mass Flow Meter Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
19 North America Immersible Mass Flow Meter Market Outlook, By Processing & Manufacturing (2021-2030) ($MN)
20 North America Immersible Mass Flow Meter Market Outlook, By Automotive (2021-2030) ($MN)
21 North America Immersible Mass Flow Meter Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
22 North America Immersible Mass Flow Meter Market Outlook, By Other End Users (2021-2030) ($MN)
23 Europe Immersible Mass Flow Meter Market Outlook, By Country (2021-2030) ($MN)
24 Europe Immersible Mass Flow Meter Market Outlook, By Type (2021-2030) ($MN)
25 Europe Immersible Mass Flow Meter Market Outlook, By Coriolis Immersible Mass Flow Meters (2021-2030) ($MN)
26 Europe Immersible Mass Flow Meter Market Outlook, By Thermal Immersible Mass Flow Meters (2021-2030) ($MN)
27 Europe Immersible Mass Flow Meter Market Outlook, By Other Types (2021-2030) ($MN)
28 Europe Immersible Mass Flow Meter Market Outlook, By End User (2021-2030) ($MN)
29 Europe Immersible Mass Flow Meter Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
30 Europe Immersible Mass Flow Meter Market Outlook, By Processing & Manufacturing (2021-2030) ($MN)
31 Europe Immersible Mass Flow Meter Market Outlook, By Automotive (2021-2030) ($MN)
32 Europe Immersible Mass Flow Meter Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
33 Europe Immersible Mass Flow Meter Market Outlook, By Other End Users (2021-2030) ($MN)
34 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Coriolis Immersible Mass Flow Meters (2021-2030) ($MN)
37 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Thermal Immersible Mass Flow Meters (2021-2030) ($MN)
38 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Other Types (2021-2030) ($MN)
39 Asia Pacific Immersible Mass Flow Meter Market Outlook, By End User (2021-2030) ($MN)
40 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
41 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Processing & Manufacturing (2021-2030) ($MN)
42 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Automotive (2021-2030) ($MN)
43 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
44 Asia Pacific Immersible Mass Flow Meter Market Outlook, By Other End Users (2021-2030) ($MN)
45 South America Immersible Mass Flow Meter Market Outlook, By Country (2021-2030) ($MN)
46 South America Immersible Mass Flow Meter Market Outlook, By Type (2021-2030) ($MN)
47 South America Immersible Mass Flow Meter Market Outlook, By Coriolis Immersible Mass Flow Meters (2021-2030) ($MN)
48 South America Immersible Mass Flow Meter Market Outlook, By Thermal Immersible Mass Flow Meters (2021-2030) ($MN)
49 South America Immersible Mass Flow Meter Market Outlook, By Other Types (2021-2030) ($MN)
50 South America Immersible Mass Flow Meter Market Outlook, By End User (2021-2030) ($MN)
51 South America Immersible Mass Flow Meter Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
52 South America Immersible Mass Flow Meter Market Outlook, By Processing & Manufacturing (2021-2030) ($MN)
53 South America Immersible Mass Flow Meter Market Outlook, By Automotive (2021-2030) ($MN)
54 South America Immersible Mass Flow Meter Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
55 South America Immersible Mass Flow Meter Market Outlook, By Other End Users (2021-2030) ($MN)
56 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Coriolis Immersible Mass Flow Meters (2021-2030) ($MN)
59 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Thermal Immersible Mass Flow Meters (2021-2030) ($MN)
60 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Other Types (2021-2030) ($MN)
61 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By End User (2021-2030) ($MN)
62 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
63 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Processing & Manufacturing (2021-2030) ($MN)
64 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Automotive (2021-2030) ($MN)
65 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
66 Middle East & Africa Immersible Mass Flow Meter Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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