Intelligent Flow Meter Market

Intelligent Flow Meter Market

Intelligent Flow Meter Market Forecasts to 2028 - Global Analysis By Type (Multiphase, Coriolis and Other Types), Communication Protocol (Modbus, PROFIBUS, HART and Other Protocols), Offering (Software, Hardware and Services), Sales Channel (Direct Channel and Indirect Channel), End User and By Geography

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4.6 (52 reviews)
Published: 2023 ID: SMRC22694

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

Years Covered


Estimated Year Value (2022)

US $2.83 BN

Projected Year Value (2028)

US $4.10 BN

CAGR (2022 - 2028)


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 Intelligent Flow Meter Market is accounted for $2.83 billion in 2022 and is expected to reach $4.10 billion by 2028 growing at a CAGR of 6.4% during the forecast period. The fluidic level of a particular device is measured by a device known as an intelligent flow metre. The device works by computing the fluid volume by measuring the liquid's velocity. The intelligent flow metre is most frequently employed for determining overall liquid level in pipes and uses contactless measuring. Viscosity, temperature, density, and any suspended particulates have no impact on intelligent flow metres. Unlike mechanical flow metres, intelligent flow metres are electronic devices and don't have any moving parts. The measurement of significant fluid movement is done with flow metres.

According to Alicat Scientific, a flow controller company, the Coriolis flowmeters costs around USD 4,000-6,000, while the laminar flowmeters costs around USD 1,000. According to the Department for Promotion of Industry and Internal Trade (DPIIT), India received total foreign direct investment (FDI) inflows of UD$ 81.72 billion in FY21, up 10% Y-o-Y.

Market Dynamics:


Growing demand, especially from chemicals and water & wastewater industries

The use of various flow metres, including magnetic, differential pressure, and ultrasonic flow metres, makes the chemicals sector one of the primary application areas for intelligent flow metres. These flow metres are used in the chemical industry to assist protect workers from dangerous and combustible substances. Intelligent flow metres accurately measure the quantity and flow of the chemicals used in industrial operations, increasing their efficiency. Hence, there is a growing tendency towards the installation of flow metres in chemical facilities, which is significantly boosting the market.


High initial cost

The high capital expenditure required for coriolis and magnetic flow metres is one of the main reasons limiting the growth of the intelligent flow metre industry. These flow metres have a variety of features that make them suited for these applications and enable precise measurement. They are utilised in many different applications. Coriolis and magnetic flow metres need a significant initial outlay, which includes the price of the metre and the cost of the wiring. The initial cost is greater than all other associated costs combined. Also, the cost of ownership for these flow metres is less expensive than the initial investment necessary, which significantly inhibits the growth of the market for intelligent flow metres.


Growing awareness about the advantages of intelligent flow meters

Making users aware of the advantages of new goods is crucial due to ongoing technological advancements in process automation. In the case of intelligent flow metres, there is awareness of the financial and environmental advantages of these devices. When compared to conventional flow metres, intelligent flow metres are an improvement since they analyse the flow measurement data in real time and provide feedback control according to the process needs.


Lower adoption rate compared to conventional flow meters

Despite the fact that intelligent flow metres have many advantages over conventional flow metres, their adoption rate is modest. Consumer interest in their adoption is diminished by the high capital and installation cost necessary. Traditional and contemporary intelligent flow metres carry out the same procedure, but modern intelligent flow metres have the ability to give information from analogue to digital, signal processing, sound reduction, and a diagnostic approach. Due to their high cost and lengthy installation process, the adoption rate is poor.

Covid-19 Impact

The Covid-19 epidemic caused a huge adjustment in the economy for several industries. The lockdown that several nations have implemented to combat the coronavirus has had a significant negative impact on the oil industry. Numerous oil production businesses have temporarily halted their activities. Due to the drop in the price of oil on the global market and the reduction in crude oil imports worldwide, governments are currently facing enormous difficulties. As intelligent flow metres are employed in the oil industry, which is currently experiencing severe losses owing to Covid-19, the market for these devices has decreased.

The PROFIBUS segment is expected to be the largest during the forecast period

The PROFIBUS segment is estimated to have a lucrative growth, due to it has the capacity to establish communication between flow rate and level control stations and process instrumentation systems like intelligent flow metres. Advanced networking and diagnostic capabilities are available with PROFIBUS, a secure and trustworthy communication technology. As a result, it is advantageous for important businesses like chemicals, food and drink, water and wastewater, oil and gas, and pharmaceuticals.

The water & wastewater segment is expected to have the highest CAGR during the forecast period

The water & wastewater segment is anticipated to witness the fastest CAGR growth during the forecast period. These flow metres are primarily used to monitor flow in many industries, including those that produce chemicals, food, drinks, pulp and paper, generate electricity, and mine metals. Due to the lack of any mechanical parts, magnetic flowmeters require less maintenance. Due to these advantages over other varieties, magnetic flow metres are widely used in industries where the demand for them is increasing.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's numerous industries, including the water and wastewater, chemical, and oil and gas sectors, all of which are continuously developing. In addition, expanding industrial infrastructure, rising demand for precise instruments to measure fluid or liquid flow, and regional urbanisation are some of the key drivers propelling the growth of the intelligent flow metre market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, as the area is home to numerous businesses that produce clever flow metres. In addition, a lot of well-known companies in North America are concentrating on the creation of new technologies for intelligent flow metres, which is anticipated to drive the region's intelligent flow metre market throughout the forecast period.

Key players in the market

Some of the key players profiled in the Intelligent Flow Meter Market include ABB, Siemens, Honeywell International Inc., Emerson Electric Co., Endress+Hauser Group Services AG, Azbil Corporation, Badger Meter, Inc., General Electric Compan, Schneider Electric, Baker Hughes Company, Krohne Messtechnik GMBH, Siemens AG and Yokogawa Electric Company.

Key Developments:

In April 2022, Yokogawa Electric Corporation released OpreXVortex Flowmeter VY Series. The new series will be released in Southeast Asia, Oceania, India, the Middle East, and South America, excluding Brazil. The product will support remote maintenance functions that allow condition-based maintenance.

In November 2021, Brooks Instrument featured its new GP200 Series pressure-based mass flow controller (P-MFC) at SEMICON Europa in Munich, Germany. The new GP200 Series is the industry’s first fully pressure-insensitive, pressure-based mass flow controller designed specifically for advanced etches and chemical vapor deposition processes in semiconductor manufacturing.

Types Covered:
• Multiphase
• Coriolis
• Differential Pressure
• Magnetic
• Vortex
• Ultrasonic
• Turbine
• Variable Area
• Thermal
• Other Types

Communication Protocols Covered:
• Modbus
• Other Protocols

Offerings Covered:
• Software
• Hardware
• Services

Sales Channels Covered:
• Direct Channel
• Indirect Channel

End Users Covered:
• Chemicals
• Water & Wastewater
• Oil & Gas
• Metal & Mining
• Food & Beverages
• Power Generation
• Pulp & Paper
• 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 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 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 Intelligent Flow Meter Market, By Type
5.1 Introduction
5.2 Multiphase
5.3 Coriolis
5.4 Differential Pressure
5.5 Magnetic
5.6 Vortex
5.7 Ultrasonic
5.8 Turbine
5.9 Variable Area
5.10 Thermal
5.11 Other Types

6 Global Intelligent Flow Meter Market, By Communication Protocol
6.1 Introduction
6.2 Modbus
6.4 HART
6.5 Other Protocols

7 Global Intelligent Flow Meter Market, By Offering
7.1 Introduction
7.2 Software
7.3 Hardware
7.4 Services

8 Global Intelligent Flow Meter Market, By Sales Channel
8.1 Introduction
8.2 Direct Channel
8.3 Indirect Channel

9 Global Intelligent Flow Meter Market, By End User
9.1 Introduction
9.2 Chemicals
9.3 Water & Wastewater
9.4 Oil & Gas
9.5 Metal & Mining
9.6 Food & Beverages
9.7 Power Generation
9.8 Pulp & Paper
9.9 Pharmaceuticals
9.10 Other End Users

10 Global Intelligent Flow Meter Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 ABB
12.2 Siemens
12.3 Honeywell International Inc.
12.4 Emerson Electric Co.
12.5 Endress+Hauser Group Services AG
12.6 Azbil Corporation
12.7 Badger Meter, Inc.
12.8 General Electric Company
12.9 Schneider Electric
12.10 Baker Hughes Company
12.11 Krohne Messtechnik GMBH
12.12 Siemens AG
12.13 Yokogawa Electric Company

List of Tables
1 Global Intelligent Flow Meter Market Outlook, By Region (2020-2028) ($MN)
2 Global Intelligent Flow Meter Market Outlook, By Type (2020-2028) ($MN)
3 Global Intelligent Flow Meter Market Outlook, By Multiphase (2020-2028) ($MN)
4 Global Intelligent Flow Meter Market Outlook, By Coriolis (2020-2028) ($MN)
5 Global Intelligent Flow Meter Market Outlook, By Differential Pressure (2020-2028) ($MN)
6 Global Intelligent Flow Meter Market Outlook, By Magnetic (2020-2028) ($MN)
7 Global Intelligent Flow Meter Market Outlook, By Vortex (2020-2028) ($MN)
8 Global Intelligent Flow Meter Market Outlook, By Ultrasonic (2020-2028) ($MN)
9 Global Intelligent Flow Meter Market Outlook, By Turbine (2020-2028) ($MN)
10 Global Intelligent Flow Meter Market Outlook, By Variable Area (2020-2028) ($MN)
11 Global Intelligent Flow Meter Market Outlook, By Thermal (2020-2028) ($MN)
12 Global Intelligent Flow Meter Market Outlook, By Other Types (2020-2028) ($MN)
13 Global Intelligent Flow Meter Market Outlook, By Communication Protocol (2020-2028) ($MN)
14 Global Intelligent Flow Meter Market Outlook, By Modbus (2020-2028) ($MN)
15 Global Intelligent Flow Meter Market Outlook, By PROFIBUS (2020-2028) ($MN)
16 Global Intelligent Flow Meter Market Outlook, By HART (2020-2028) ($MN)
17 Global Intelligent Flow Meter Market Outlook, By Other Protocols (2020-2028) ($MN)
18 Global Intelligent Flow Meter Market Outlook, By Offering (2020-2028) ($MN)
19 Global Intelligent Flow Meter Market Outlook, By Software (2020-2028) ($MN)
20 Global Intelligent Flow Meter Market Outlook, By Hardware (2020-2028) ($MN)
21 Global Intelligent Flow Meter Market Outlook, By Services (2020-2028) ($MN)
22 Global Intelligent Flow Meter Market Outlook, By Sales Channel (2020-2028) ($MN)
23 Global Intelligent Flow Meter Market Outlook, By Direct Channel (2020-2028) ($MN)
24 Global Intelligent Flow Meter Market Outlook, By Indirect Channel (2020-2028) ($MN)
25 Global Intelligent Flow Meter Market Outlook, By End User (2020-2028) ($MN)
26 Global Intelligent Flow Meter Market Outlook, By Chemicals (2020-2028) ($MN)
27 Global Intelligent Flow Meter Market Outlook, By Water & Wastewater (2020-2028) ($MN)
28 Global Intelligent Flow Meter Market Outlook, By Oil & Gas (2020-2028) ($MN)
29 Global Intelligent Flow Meter Market Outlook, By Metal & Mining (2020-2028) ($MN)
30 Global Intelligent Flow Meter Market Outlook, By Food & Beverages (2020-2028) ($MN)
31 Global Intelligent Flow Meter Market Outlook, By Power Generation (2020-2028) ($MN)
32 Global Intelligent Flow Meter Market Outlook, By Pulp & Paper (2020-2028) ($MN)
33 Global Intelligent Flow Meter Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
34 Global Intelligent Flow Meter Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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

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