Global Flow Meter Market : Industry Analysis and Forecast (2020-2026) – By Type,Product Type, Measured Medium, End-use Industry, and Region.
The Global Flow Meter Market size is expected to reach at US$ 11.6Bn. by 2026 from US$ 7.90Bn. in 2019, at a CAGR of 5.9% during the forecast period.
The objectives of the report are as follows:
To estimate and forecast the size of the flow meters market, in terms of value
To provide complete information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of theFlow Meter market
To define, describe, estimate and forecast the flow meters market size by type, end-use industry, and region
To track and analyze competitive developments such as new product launches, mergers & acquisitions, expansions, and investments in the flow meters market
To strategically profile the key market players and widelyevaluate their core competencies
The analysis of the report is carried on different primary and secondary data sources. The primary sources include interviews with many industry analysts, suppliers, distributors, and other including professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the key companies, and other relevant documents. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
After the complete market engineering with calculations for market statistics, market value estimations, market forecasting, and market breakdown, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived.
Global Flow Meter Market Drivers:
Growing Demand of Flow Meters from End-Use Industries
The demand for flow meters from end-use industries such as Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, and Food & Beverage is growing at a significant pace, which is expected to drive the market during the forecast period (2020-2026). In the oil and gas sector, the demand for flow meters is rising thanks to the higher demand for oil & gas production worldwide. Likewise, the higher ability to offer more precise flow measurement under different temperature range is encouraging its adoption in the oil and gas sector. Increasing attention towards reducing the overall costs, carbon footprint with overall process optimization are some of the factors answerable for the demand of flow meters across the food & beverage, chemicals, and similar other industries.
Rising Demand for Intelligent Flow Meters
Intelligent flow meters providea better ability for monitoring and controlling the liquid/gas flowage. They achieve this through the usage of smart technologies such as Bluetooth, Ethernet I/P, Wireless LAN, I/O Link, and M-Bus. Higher accuracy and reliable results are required in industrial applications to carry out the processes more proficiently. Thanks tothe demand for intelligent flow meters is expected to grow across the chemical and water treatment application areas.
Global Flow Meter Market Restraints:
High Maintenance Cost due to Harsh Work Environment
Flow meters dokey work under extreme conditions, resulting in higher wear and tear. Due to this, it requires high maintenance to boost its shelf life and efficiency. The disturbed flow of liquids or gases, high turndowns, wet gas, and abrasive fluids.
Global Flow Meter Market Segment Overview:
Based on type, the flow meter market is segmented into Differential Pressure (DP), Positive Displacement (PD), Magnetic, Ultrasonic, Coriolis, Turbine, Vortex, and Others. The magnetic segment is further sub-segmented intoWired and Wireless. Among these, the differential pressure segment held the largest market share of the global market in 2019. This is mainly because of the growing use of differential pressure flowmeters in the natural gas sector these flowmeters canwithstand extreme environmental conditions.
By product type, the market is segmented into analog and digital. Analog flowmeters is expected to hold the largest market share of XX% of the global market by 2026.Thanks to the growing use of analog flowmeters in the refineries which has increased the production of analog flowmeters.
Global Flow Meter Market
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Global Flow Meter Market Regional Insights:
North America and Europe, together account for over 56% of global sales. Constant exploration of oil & gas in developed regions such as the USand Canada hascarriedproductive results in the form of new shale gas and oil reserves. Flowmeter applications in measuring oil & gas and power generation outputs will therefore impel product demand in these regions. In the U.S., the liquid measured medium segment is expected to hold the largest market share by 2026. This growth is attributed tothe increasing demand for volumetric flowmeters in the manufacturing sector.
Asia Pacific is expected to grow at a highest CAGR of XX% during the forecast period. This growth is attributed to the increasing penetration of technology and shiftingway of life. Also, China accounted the largest market share in Asia-Pacific, thanks to the growing development of wastewater treatment which has increased the requirement for liquid measurement devices like flowmeter.
The objective of the report is to present a comprehensive analysis of the Global Flow Meter Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Flow Meter Market dynamics, structure by analyzing the market segments and project the Global Flow Meter Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Flow Meter Market make the report investor’s guide.
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Global Flow Meter Market1
Global Flow Meter Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Global Flow Meter Market Key Players
• Emerson Electric Co.
• ABB Ltd.
• Yokogawa Electric
• em-tec GmbH
• Endress+Hausar AG
• General Electric
• Hitachi High-Tech Corporation
• HÖNTZSCH GMBH & CO. KG
• Krohne Messtechnik Gmbh
• Schneider Electric SE
• Azbil Corporation
• Badger Meter Inc.
• Seametrics Inc
• Thermal Instruments Co.
• Katronic Technologies Ltd.
• Flow Meter Group
• Litre Meter Limited.
• Baker Hughes Company
• PARKER HANNIFIN CORP
• Sensirion AG
• SICK AG
• KEYENCE CORPORATION
• Sierra Instruments Inc
• Max Machinery, Inc.
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