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Product Overview
Flowmeter is a fundamental tool that determines the linear, non-linear, volumetric or mass flow rate of a liquid or a gas or mixture of both. They are referred t- by a variety of terms, such as flow counter, fluid detector, liquid meter, flow rate monitor, etc. depending on the sector. They all calculate the wind, though. Free waterways, such as rivers or lakes, may be measured with flow meters. However, more frequently than not, the most accurate flow meter and the largest range of flow meters rely on the calculation of gases and liquids in the tubing. Improving the precision, accuracy, and resolution of fluid measurements is the biggest advantage of the latest flow meters.
Market Highlights
Global Flow Meters Market is expected t- exceed USD 10,825 million by 2030 from USD 7,075 million in 2019 at a CAGR of 6.25% throughout the forecast period i.e. 2020-2030. The market is anticipated t- grow on the back of growing demand for flow meters from end-users and rising demand for intelligent flow meters.
Advancements in fluid characteristics, flow profile, flow range, and the enhancement of appropriate measurements are the key factors that are likely t- further boost the growth of the market in the coming years.
Global Flow Meters Market Opportunity Analysis
Source: Fatpos Global
Global Flowmeters Market: Segments
The ultrasonic segment t- grow with the fastest CAGR of xx% during 2020-2030
The worldwide flow meters market is segmented by Product Type int- Differential Pressure, Positive Displacement, Magnetic, Ultrasonic, Coriolis, Turbine, and Vortex. Among these, the ultrasonic segment is estimated t- hold the largest market share of xx% in 2019 owing t- their low maintenance and reliability. Ultrasonic flow meters are precise and can be used for custody transfer of petroleum and natural gas.
By Product Type (in %), Global Flow Meters Market, 2019
Source: Fatpos Global
The Oil & Gas segment t- boost at fastest CAGR of xx% during 2020-2030
Global Flow Meters Market is segmented
By Applications int- Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverages, and Metals & Mining. Among these, the oil & gas segment is witnessed t- hold the largest market share of xx% in the year 2019. This is because the oil & gas industry is flourishing in the emerging countries which in turn boosts the market growth of flow meters. Flow meters are mostly used as a flow measurement of crude oil, custody transfer among others that offers magnificent growth prospects.
Source: Fatpos Global
Global Flow Meters Market: Drivers and Restraints
Rising Demand for Flow Meters from End-users
Demand for flow meters across end-use industries is growing at a substantial pace, which is expected t- boost the market in the forecast period. In the oil & gas field, demand for flow meters is rising due t- increased demand for oil & gas supply worldwide. In fact, the improved capacity t- provide more precise flow calculations across varying temperature conditions facilitates its accelerated acceptance in the oil & gas industry. Increasing emphasis on rising total prices, carbon emissions, and total process efficiency are some of the reasons responsible for the demand for flow meters through food & beverage, chemicals, and related industries.
Rising Demand for Intelligent Flow Meters
Intelligent flow meters have a greater way t- track and regulate the liquid/gas movement. This is accomplished by the use of advanced technology such as Bluetooth, Ethernet I/P, Wireless LAN, I/- Connect and M-Bus. Higher precision and reliable results are required in industrial applications t- make processes more effective. As a consequence, the demand for intelligent flow meters is projected t- rise through chemical and water treatment regions. The increasing demand for an intelligent flow meter due t- its accurate and precise flow measurement is another factor driving the growth of the flow meters market
High Maintenance Cost Owing t- Harsh Work Environment
Flow meters perform crucial functions in severe circumstances, resulting in decreased wear and tear. According t- this, high maintenance is needed in order t- maximize shelf life and performance. Any of the major reasons contributing t- high maintenance include disrupted fluid or gas pressure, fast turnover, damp air, and abrasive fluids. As a consequence, daily servicing of flow meters is necessary, summing up the overall cost of maintenance. Consequently, high maintenance requirements will act as a limiting factor for the growth of the flowmeter market in the coming years.
Global Flow Meters Market: Regions
Asia Pacific t- surge at the highest CAGR of xx% during 2020-2030
Region-wise, the market for flow meters across the globe is segmented int- North America, Latin America, Europe, Middle East & Africa, and the Asia Pacific. Among these, Asia Pacific is witnessed t- constitute xx% of the total market share in the year 2019 owing t- the rapid urbanization ongoing in the Asia Pacific countries, which will most likely cause the need for adequate power production and effective water and wastewater management.
By Region (in %), Global Flow Meters Market, 2019
Source: Fatpos Global
Global Flow Meters Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - North Africa, Israel, GCC, South Africa and Rest of MENA
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Global Flow Meters Market: Key Players
TLV International Inc.
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Forbes Marshall
Omega Engineering EMEA
Scharf Automation Pvt. Ltd.
Max Machinery Inc.
TSI Incorporated
Emerson
Azbil Corporation
Yokogawa
Brooks Instrument
The market report on global flow meters als- contains the following in-depth analysis:
Global Flow Meters Market Segments:
By Product Type
Differential Pressure
Positive Displacement
Magnetic
Ultrasonic
Coriolis
Turbine
Vortex
By Applications
Water & Wastewater
Oil & Gas
Chemicals
Power Generation
Pulp & Paper
Food & Beverages
Metals & Mining
By Region
North America
Latin America
Europe
Middle East & Africa
Asia Pacific
Global Flow Meters Market Dynamics
Global Flow Meters Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Global Flow Meters Market
Which segment is anticipated t- hold the largest market share?
At what CAGR is the market anticipated t- grow between 2020 and 2030?
Wh- are the key players in the worldwide flow meters market?
What could be the challenging factors for the growth of Global Flow Meters Market?
What are the growth drivers for the market for flow meters across the globe?