Flow Meter Market by Type (Differential Pressure (DP) Flow Meter, Positive Displacement (PD) Flow Meter, Magnetic Flow Meter, Ultrasonic Flow Meter and Others), Power Type, Pipe Size, Application and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global flow meter market size was valued at $7.16 billion in 2020, and is projected to reach $11.43 billion by 2026, growing at a CAGR of 8.1% during the forecast period.

• The flow meter market is expected to witness significant growth in the future due to growing trend towards industrial automation in developing nations, rising adoption in oil & gas and wastewater industry, increasing demand for smart and intelligent flow meters in high-end applications and rise in pharmaceutical production amid to COVID-19 pandemic.

• Additionally, advances in technology like as wireless monitoring and control, advanced sensors, and digital readouts are expected to boost market expansion over the projected period.

• However, fluctuations in raw material prices, economic slowdown and declining oil prices are some factors restraining the market growth.

A flow meter is a device that measures the linear, non-linear, volumetric, or mass flow rate of a liquid, gas, or a combination of the two. The essential criteria in identifying the proper flow meter for a given application are fluid characteristics, flow profile, flow range, and the need for accurate measurements. Flow meters come in a variety of shapes and sizes, depending on the level of accuracy required and the sector in which they are used. Differential pressure, positive displacement, ultrasonic, turbine, magnetic, coriolis, vortex, are some types of flow meters.

By Type, Differential Pressure Flow Meter is Projected to Strong Presence in the Global Market

Differential pressure flow meter segment is expected to have a huge demand in the forecast period due to its extensive use in most end-use industries. The differential flow meter is ideal for use in the oil and gas sector, particularly in natural gas measurement applications. It monitors volumetric flow rather than mass flow, making it ideal for oil and gas measurement. The U.S. is one of the largest consumers of this type of flow meter where natural gas (shale gas) is produced in large quantity. The need for differential pressure flow meters is predicted to rise as natural gas processing operations expand across the United States.

By Geography, Asia Pacific Dominates by Being the Largest Market for Flow Meter

Asia Pacific region held the larger market share, and it would continue on this path during the forecast period due to increased investments in emerging nations and manufacturing capacity increases across end-use sectors, particularly water treatment and chemical processing. In growing economies like China and India, investment in water and wastewater, electricity and power, refining, chemicals, pulp and paper, and industrial infrastructure is expanding. This fuels demand for measuring devices, which has helped push the flow meter market in Asia Pacific to new heights. Due to its rapid industrialization and low-cost manufacturing techniques, China is the most important market for flow meters in Asia Pacific.

Some of the key players profiled in the Report:
• ABB Ltd.
• Emerson Electric Corporation
• em-tec GmbH
• Endress+Hauser Management AG
• General Electric
• Hitachi High-Tech Corporation
• Honeywell International, Inc
• Höntzsch Gmbh & Co. KG
• Krohne Messtechnik GmbH
• Siemens Group
• Yokogawa Electric Corporation
• Schneider Electric Se
• Badger Meter, Inc.
• Azbil Corporation
• SICK AG

 What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type
• Differential Pressure (DP) Flow Meter
• Positive Displacement (PD) Flow Meter
• Magnetic Flow Meter
• Ultrasonic Flow Meter
• Vortex Flow Meter
• Turbine Flow Meter
• Coriolis Flow Meter
• Other Types

Market by, Power Type
• Battery Powered
• Electric
• Solar

Market by, Pipe Size
• 2 Inches
• 4 Inches
• 6 Inches
• More Than 6 Inches

Market by, Application
• Water & Wastewater
• Refining & Petrochemical
• Oil & Gas
• Chemical
• Power Generation
• Pulp & Paper
• Food & Beverage
• Pharmaceutical
• Metals & Mining
• Other Applications
 
Market by, Geography
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview            
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders       
    1.5 List of Acronyms       
             
2 Executive Summary           
             
3 Research Methodology           
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis      
    3.5 Data Sources       
    3.6 Assumptions       
             
4 Market Dynamics            
    4.1 Market Drivers       
           4.1.1 Growing trend towards industrial automation in developing nations
           4.1.2 Rising adoption in oil & gas and wastewater industry
           4.1.3 Increasing demand for smart and intelligent flow meters in high-end applications
           4.1.4 Rise inpharmaceutical production amid to COVID-19 pandemic
    4.2 Market Restraints       
           4.2.1 Fluctuations in raw material prices
    4.3 Market Opportunities      
    4.4 Market Challenges       
    4.5 Impact of COVID-19 on Flow Meter Market    
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global Flow Meter Market by, Type         
    6.1 Overview       
    6.2 Differential Pressure (DP) Flow Meter     
    6.3 Positive Displacement (PD) Flow Meter     
    6.4 Magnetic Flow Meter      
           6.4.1 In-Line Magnetic
           6.4.2 Low Flow Magnetic
           6.4.3 Insertion Magnetic
    6.5 Ultrasonic Flow Meter      
           6.5.1 Spool Pieces
           6.5.2 Insertion Ultrasonic Flow Meters
           6.5.3 Clamp-On Ultrasonic Flow Meters
    6.6 Vortex Flow Meter       
    6.7 Turbine Flow Meter       
    6.8 Coriolis Flow Meter       
    6.9 Other Types       
           6.9.1 Thermal Flow Meters
           6.9.2 Multiphase Flow Meters
             
7 Global Flow Meter Market by, Power Type        
    7.1 Overview       
    7.2 Battery Powered       
    7.3 Electric        
    7.4 Solar        
             
8 Global Flow Meter Market by, Pipe Size          
    8.1 Overview       
    8.2 2 Inches        
    8.3 4 Inches        
    8.4 6 Inches        
    8.5 More Than 6 Inches       
             
9 Global Flow Meter Market by, Application        
    9.1 Overview       
    9.2 Water & Wastewater      
    9.3 Refining & Petrochemical      
    9.4 Oil & Gas        
    9.5 Chemical        
    9.6 Power Generation       
    9.7 Pulp & Paper       
    9.8 Food & Beverage       
    9.9 Pharmaceutical       
    9.10 Metals & Mining        
    9.11 Other Applications       
             
10 Global Flow Meter Market by, Geography        
    10.1 Overview       
    10.2 North America       
    10.3 Europe        
    10.4 Asia Pacific       
    10.5 South America       
    10.6 Middle East & Africa      
             
11 Key Developments           
             
12 Company Profiling           
    12.1 ABB Ltd.        
             12.1.1 Business Overview
             12.1.2 Product/Service Offering
             12.1.3 Financial Overview
             12.1.4 SWOT Analysis
             12.1.5 Key Activities
    12.2 Emerson Electric Corporation      
    12.3 em-tec GmbH       
    12.4 Endress+Hauser Management AG     
    12.5 General Electric       
    12.6 Hitachi High-Tech Corporation      
    12.7 Honeywell International, Inc      
    12.8 Höntzsch Gmbh & Co. KG      
    12.9 Krohne Messtechnik GmbH      
    12.10 Siemens Group       
    12.11 Yokogawa Electric Corporation      
    12.12 Schneider Electric Se      
    12.13 Badger Meter, Inc.       
    12.14 Azbil Corporation       
    12.15 SICK AG