About Flow Meters
Flow meters refer to the instrument for measuring the rate of flow of gas, water, or fuel, exclusively through a pipe. During the past decade, the industrial sector worldwide has shifted from the conventional methods of automation and control to modern techniques for attaining a higher percentage of growth and production. The impact of technology showcases massive advancement in industrial operations. Besides, the rapid proliferation of new technologies such as smart flow meters and the increasing adoption of automated technologies for flow rate measurement expected to generate lucrative opportunities for market players during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.95% |
Competition among existing players is due to the Flow Meters market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Flow Meters. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Flow Meters market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell (United States), Siemens (Germany), Emerson Electric Co. (United States), ABB Ltd. (Switzerland), Yokogawa Electric (Japan), Azbil (Japan), Badger Meter (United States), Krohne Messtechnik (Germany) and Schneider Electric (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Endress Hauser (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Flow Meters market by Type (Magnetic, Coriolis, Ultrasonic, Differential Pressure, Positive Displacement, Turbine, Vortex and Others [Thermal and Multiphase Flow Meters]), Application (Oil Industry, Municipal Water, Chemical Industry, Electricity Industry and Others) and Region.
On the basis of geography, the market of Flow Meters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Flow Meters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use Industry, the sub-segment i.e. Water & Waste Water will boost the Flow Meters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Focus on Industrial Process Automation and Integration of IoT in Flow Meter Technology
Market Growth Drivers:
Growing Applications in the Water & Wastewater and Oil & Gas Industries and Increasing Demand for Intelligent and Smart Flow Meters for High-End Applications
Challenges:
Lack of Awareness among End-User Industries
Restraints:
High Initial Cost Associated With Flow Meters and Lack of Skilled Technical Workforce
Opportunities:
Emphasizing On Development of New Technologies for Flow Rate Measurement and Increasing Demand from the Asia Pacific Region Owing to Growth in Industrialization
Market Leaders and their expansionary development strategies
In August 2023, Emerson announced a definitive agreement to acquire FLEXIM Flexible Industriemeßtechnik GmbH (“Flexim”), a global leader in clamp-on ultrasonic flow measurement for liquids, gases and steam.
In September 2023, ABB has launched CoriolisMaster and ProcessMaster flowmeters that can be powered over the same ethernet cable used for data transmission, eliminating the need for separate cabling. The new feature reduces installation time and cost, and increases the speed and reliability of data transmission.
Key Target Audience
Flow Meters Manufacturers, Flow Meters Distributors, Flow Meters Suppliers, Government and Research Organizations, Raw Material Suppliers, Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.