About Intelligent Flow Meter
A flow meter is a device that is used to measure linear, non-linear and volume flow rate of liquid or gas. Intelligent flow meter is used to measure the speed of a fluid with ultrasound or any other technique to calculate the volume flow. Intelligent flow meters remain unaffected from temperature, density and any suspended particulates. The intelligent flow meter is highly used in oil and gas industry as compare to other industries. Rising demand of the highly accurate and precise equipment for flow calibration is driving the growth of intelligent flow meter, however high initial cost for magnetic flow meters is hampering the growth of intelligent flow meter market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Intelligent Flow Meter market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sierra Instruments Inc. (United States), Azbil Corporation (Japan), Brooks Instruments (United States), Endress + Hauser AG (Switzerland), Honeywell International Inc. (United States), Krohne Messtechnik GmbH (Germany), Siemens AG (Germany), ABB Ltd. (Switzerland), Yokogawa Electric Corporation (Japan), General Electric Company (United States) and Nidec Corporation (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Flow Meter market by Type (Calorimetric, Electromagnetic, Ultrasonic, Thermal and Others [Doppler, Coriolis, Vortex, Multiphase, Turbine, Mounting, Mass Flow]), Application (Food and Beverages, Metals and Mining, Oil and Gas, Paper and Pulp, Power Generation and Others [Pharmaceuticals, Chemicals]) and Region.
On the basis of geography, the market of Intelligent Flow Meter 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 Communication Protocol, the sub-segment i.e. Profibus will boost the Intelligent Flow Meter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing number of Industrial Infrastructural Activities and Intelligent Flow Meters helps in Improving the Water Quality
Market Growth Drivers:
High Demand for Intelligent Flow Meters in Oil & Gas and Chemical & Wastewater Industry, Growing use of Intelligent Flow Meter for Diagnostic Information and Rising Demand of the Highly Accurate and Precise Equipment for Flow Calibration
Challenges:
Affected by Pressure and Density Changes and Expensive Installation Requiring Differential Pressure Lines, Fittings and Sensors
Restraints:
High Initial Cost for Magnetic Flow Meters and Higher Cost as Compared to Traditional Flow Meters
Opportunities:
Growing Investment in Industrial Infrastructure Activities and Increasing Investments in the Field of Process Automation in Developing Countries
Market Leaders and their expansionary development strategies
In February 2022, The FOCUS-1 prototype was introduced by KROHNE as an innovation that combines valve and measurement technology with unique diagnostics and control functions in a single device. The business claims that FOCUS-1 is the world’s first intelligent process node specifically created for the process industries, and it is available as a standard product.
In August 2023, Fuji Electric Launched New S-Flow Ultrasonic Flow Meter,The new FSZ S-Flow is the latest integrated clamp-on ultrasonic flow meter for liquids in small pipes. Easy installation, space saving and easily deployable, the flow meter simultaneously displays volumetric flow and percentage, or temperature (option) at an affordable cost.
Key Target Audience
Manufacturers of Intelligent Flow Meter, Suppliers of Intelligent Flow Meter, Wholesalers, Distributers and Retailers of Intelligent Flow Meter, Research Organizations and Service Providers
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.