Industry Outlook

Even though simple in construction and operation, flow meters serves one of the most important functions of measuring flow across several industries dealing with liquid and gases. Technological evolution is making flow meter more intelligent and giving an edge to flow meter beyond their traditional functions. Advanced industrial automation, flow meter are becoming more accurate, provide high rate of response and additional feature of self-diagnosis allowed the flow meters market to proliferate and expected to grow with significant pace in coming years. At present, flow meters market registered a market value of US$ 8.03 Bn and projected to cross US$ 13 Bn by 2029. The market estimated to grow with considerable growth of 6.6% owing to rapid industrial growth and perpetual boom in industrial automation across several end-use industry verticals.

"Coriolis Flow Meters to make the Fastest Run in Terms Market Value Throughout the forecast"

Advanced flow meter such as magnetic, Coriolis and ultrasonic flow meters are gradually replacing traditional and less accurate flow meters such as positive & differential pressure flow meters. Coriolis, magnetic and ultrasonic flow meters are capable of providing real-time accurate flow data irrespective of the fluid with different viscosity and temperature. Consequently, Coriolis flow meters registered fastest growth in overall flow meters market closely followed by magnetic and ultrasonic flow meters. However, high power requirement, specialized equipment, high cost and need for skilled labor expected to hold the growth of aforementioned new breed of flow meters. This results in the dominance of differential pressure flow meters on the overall flow meters in terms of market value and the dominance expected to continue throughout the forecast period from 2021 to 2029.

"Water Infrastructure to Retain its Title of Leader amongst Other End-use Industries"

As a vital component in water treatment plants and municipal infrastructure, flow meters in water infrastructure recorded the highest market value among several other end-use industries. The segment estimated to retain its tags offering stiff challenge for end-use industries such as power generation, oil & gas and food & beverages industry. Oil & gas and power generation end-use industry face-off each other closely to claim second spot. Perpetual growth in demand for oil & gas as well as power stimulating coupled with fast proliferation of industrial automation and intelligent system supported the growth of flow meters market. Besides, rapid growth in food & beverages, chemical industry and other end-use industries also replacing existing old flow meters with state-of-the-art and efficient flow meters. This expected to boost the demand for flow meters consistently throughout the forecast period from 2021 to 2029.

"Asia Pacific Holds Significant Market Potential and Tagged as Global Flow Meters Market Leader"

In 2020, Asia Pacific registered largest market value in global flow meters market and expected to retain its dominant position throughout the forecast period from 2021 to 2029. The growth of the region projected to remain high in coming years owing to the rapid industrial as well as residential infrastructures. Expansion of water infrastructure in order to support industry and residential development is one of the significant reasons encouraging the demand for flow meters. Markets in North America and Europe reached maturity and projected to demonstrate consistent moderate growth. Developing regions including Middle East and Africa and Latin America have significant market growth potential and are expected to proliferate at a notable growth in coming years.

"Multi-national Giants Lock Horns to claim Supremacy over Flow Meters Market"

Although flow meter is very small device, however, play a vital role in several industries dealing with fluids. Realizing the importance and demand, several international players are involved in manufacturing flow meters for several end-use applications and face intense competition from each other as well from local players. The flow meters market is highly fragmented and the competition expected to become more fragmented in coming years with new participants entering into the market. The research comprises business strategies and modern evolution of few of the most prominent companies in flow meters market includes ABB Ltd., Emerson Electric Co., Honeywell International, Inc., Siemens AG, Schneider Electric SE, Badger Meter, General Electric, KROHNE Messtechnik, Höntzsch GmbH, Yokogawa Electric Co., Hitachi ltd., and Endress+Hauser AG among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Flow Meters market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Flow Meters market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Flow Meters market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Flow Meters market?
• Which is the largest regional market for Flow Meters market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Flow Meters market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Flow Meters market worldwide?