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Ultrasonic Flowmeter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 138 pages | ID: UA34D12C899EN
IMARC Group

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Market Overview:

The global ultrasonic flowmeter market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.22% during 2023-2028.

An ultrasonic flowmeter is a device that is used to measure the quantity of a liquid or gas that is moving through a pipe. The device measures the fluid velocity which further calculates the motion of gas or any liquid flowing. The velocity of the material flowing is measured with the help of ultrasonic transducers. Along with liquid, one can also measure the velocity of molten sulphur, chemicals, cryogenic liquids and even gases. This device generally works on three different principles namely transit time difference, doppler effect principle, and open channel principle. Ultrasonic flowmeters are mainly used in industries like wastewater, chemical, food and beverages, mining, metals, pharmaceuticals, power generation, paper and pulp industry, etc.

The accuracy of the ultrasonic flowmeters in taking measurements and calculating the velocity of the fluids is a key factor that is driving its demand. The high efficiency and accuracy of ultrasonic flowmeters can be attributed to the fact that they do not suffer mechanical wear and tear, do not cause a drop in the pressure of the fluid flowing through the pipe, and can be used for bidirectional measurements as well. Ultrasonic flowmeters are playing a major role in making bidirectional measurements that can be done with clamp-on flowmeters. Another major factor that is driving the demand of ultrasonic flowmeters is their non-invasive nature. These flowmeters do not require to come in contact with the fluid or involve cutting of the pipe in order to take the measurements. They are highly accurate, reliable and require low-maintenance. Moreover, the rising number of refineries catalyzed by increasing energy demand is also driving the demand of ultrasonic flow meters.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ultrasonic flowmeter market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, number of paths, technology, application and distribution channel.

Breakup by Product Type:

Spool Peice
Insertion
Clamp-On
Others

Based on the product type, the market has been segmented into spool piece, insertion, clamp-on and others. The clamp-on segment currently represents the largest segment.

Breakup by Number of Paths:

3-Path Transit Time
4- Path Transit Time
5- Path Transit Time
6 or More Path Transit Time

Based on the number of paths, the market has been segmented into 3-path transit time, 4- path transit time, 5- Path transit time and 6 or more path transit time.

Breakup by Technology:

Transit Time - Single/Dual Path
Transit Time - Multipath
Doppler
Hybrid

Based on the technology, the market has been segmented into transit time - single/dual path, transit time – multipath, doppler and hybrid.

Breakup by Distribution Channel:

Direct Sales
Independent Representatives
Distributors
Online

Based on the distribution channel, the market has been segmented into direct sales, independent representatives, distributors and online.

Breakup by Application:

Natural Gas
Non-Petroleum Liquid
Petroleum Liquid
Others


On the basis of application, natural gas represents the largest segment. Other segments include non-petroleum liquid, petroleum liquid, and others.

Regional Insights:

Asia Pacific
North America
Europe
Middle East and Africa
Latin America

Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the market share.

Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Asea Brown Boveri Ltd., Badger Meter Inc., Emerson Electric Co., Emerson Process Management, Faure Herman SA, General Electric, Hach/Marsh McBirney Inc., Honeywell International Inc., Index Corporation, Invensys Process Systems, Rockwell Automation Inc., Siemens AG, Teledyne Isco Inc., Yamatake Co. and Yokogawa Electric Co.

This report provides a deep insight into the global ultrasonic flowmeter market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ultrasonic flowmeter industry in any manner.

Key Questions Answered in This Report

1. What was the size of the global ultrasonic flowmeter market in 2022?
2. What is the expected growth rate of the global ultrasonic flowmeter market during 2023-2028?
3. What are the key factors driving the global ultrasonic flowmeter market?
4. What has been the impact of COVID-19 on the global ultrasonic flowmeter market?
5. What is the breakup of the global ultrasonic flowmeter market based on the product type?
6. What is the breakup of the global ultrasonic flowmeter market based on the technology?
7. What is the breakup of the global ultrasonic flowmeter market based on the distribution channel?
8. What is the breakup of the global ultrasonic flowmeter market based on the application?
9. What are the key regions in the global ultrasonic flowmeter market?
10. Who are the key players/companies in the global ultrasonic flowmeter market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL ULTRASONIC FLOWMETER MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Product Type
5.5Market Breakup by Number of Paths
5.6Market Breakup by Technology
5.7Market Breakup by Distribution Channel
5.8Market Breakup by Application
5.9Market Breakup by Region
5.10Market Forecast
5.11SWOT Analysis
  5.11.1Overview
  5.11.2Strengths
  5.11.3Weaknesses
  5.11.4Opportunities
  5.11.5Threats
5.12Value Chain Analysis
  5.12.1Overview
  5.12.2Research and Development
  5.12.3Raw Material Procurement
  5.12.4Manufacturing
  5.12.5Distribution
  5.12.6Export
  5.12.7End-Use
5.13Porters Five Forces Analysis
  5.13.1Overview
  5.13.2Bargaining Power of Buyers
  5.13.3Bargaining Power of Suppliers
  5.13.4Degree of Competition
  5.13.5Threat of New Entrants
  5.13.6Threat of Substitutes

6 MARKET BREAKUP BY PRODUCT TYPE

6.1Spool Peice
  6.1.1Market Trends
  6.1.2Market Forecast
6.2Insertion
  6.2.1Market Trends
  6.2.2Market Forecast
6.3Clamp-On
  6.3.1Market Trends
  6.3.2Market Forecast
6.4Others
  6.4.1Market Trends
  6.4.2Market Forecast

7 MARKET BREAKUP BY NUMBER OF PATHS

7.13-Path Transit Time
  7.1.1Market Trends
  7.1.2Market Forecast
7.24- Path Transit Time
  7.2.1Market Trends
  7.2.2Market Forecast
7.35- Path Transit Time
  7.3.1Market Trends
  7.3.2Market Forecast
7.46 or More Path Transit Time
  7.4.1Market Trends
  7.4.2Market Forecast

8 MARKET BREAKUP BY TECHNOLOGY

8.1Transit Time - Single/Dual Path
  8.1.1Market Trends
  8.1.2Market Forecast
8.2Transit Time - Multipath
  8.2.1Market Trends
  8.2.2Market Forecast
8.3Doppler
  8.3.1Market Trends
  8.3.2Market Forecast
8.4Hybrid
  8.4.1Market Trends
  8.4.2Market Forecast

9 MARKET BREAKUP BY DISTRIBUTION CHANNEL

9.1Direct Sales
  9.1.1Market Trends
  9.1.2Market Forecast
9.2Independent Representatives
  9.2.1Market Trends
  9.2.2Market Forecast
9.3Distributors
  9.3.1Market Trends
  9.3.2Market Forecast
9.4Online
  9.4.1Market Trends
  9.4.2Market Forecast

10 MARKET BREAKUP BY APPLICATION

10.1Natural Gas
  10.1.1Market Trends
  10.1.2Market Forecast
10.2Non-Petroleum Liquid
  10.2.1Market Trends
  10.2.2Market Forecast
10.3Petroleum Liquid
  10.3.1Market Trends
  10.3.2Market Forecast
10.4Others
  10.4.1Market Trends
  10.4.2Market Forecast

11 MARKET BREAKUP BY REGION

11.1Asia Pacific
  11.1.1Market Trends
  11.1.2Market Forecast
11.2North America
  11.2.1Market Trends
  11.2.2Market Forecast
11.3Europe
  11.3.1Market Trends
  11.3.2Market Forecast
11.4Middle East and Africa
  11.4.1Market Trends
  11.4.2Market Forecast
11.5Latin America
  11.5.1Market Trends
  11.5.2Market Forecast

12 ULTRASONIC FLOWMETER MANUFACTURING PROCESS

12.1Product Overview
12.2Raw Material Requirements
12.3Manufacturing Process
12.4Key Success and Risk Factors

13 COMPETITIVE LANDSCAPE

13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
  13.3.1Asea Brown Boveri Ltd.
  13.3.2Badger Meter Inc.
  13.3.3Emerson Electric Co.
  13.3.4Emerson Process Management
  13.3.5Faure Herman SA
  13.3.6General Electric
  13.3.7Hach/Marsh McBirney Inc.
  13.3.8Honeywell International Inc.
  13.3.9Index Corporation
  13.3.10Invensys Process Systems
  13.3.11Rockwell Automation Inc.
  13.3.12Siemens AG
  13.3.13Teledyne Isco Inc.
  13.3.14Yamatake Co.
  13.3.15Yokogawa Electric Co.

LIST OF TABLES

Table 1: Global: Ultrasonic Flowmeter Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Number of Paths (in Million US$), 2023-2028
Table 4: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Ultrasonic Flowmeter Manufacturing: Raw Material Requirements
Table 9: Global: Ultrasonic Flowmeter Market: Competitive Structure
Table 10: Global: Ultrasonic Flowmeter Market: Key Players

LIST OF FIGURES

Figure 1: Global: Ultrasonic Flowmeter Market: Major Drivers and Challenges
Figure 2: Global: Ultrasonic Flowmeter Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Ultrasonic Flowmeter Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Ultrasonic Flowmeter Market: Breakup by Number of Paths (in %), 2022
Figure 5: Global: Ultrasonic Flowmeter Market: Breakup by Technology (in %), 2022
Figure 6: Global: Ultrasonic Flowmeter Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Ultrasonic Flowmeter Market: Breakup by Application (in %), 2022
Figure 8: Global: Ultrasonic Flowmeter Market: Breakup by Region (in %), 2022
Figure 9: Global: Ultrasonic Flowmeter Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Ultrasonic Flowmeter Industry: SWOT Analysis
Figure 11: Global: Ultrasonic Flowmeter Industry: Value Chain Analysis
Figure 12: Global: Ultrasonic Flowmeter Industry: Porter’s Five Forces Analysis
Figure 13: Global: Ultrasonic Flowmeter (Spool Peice) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Ultrasonic Flowmeter (Spool Peice) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Ultrasonic Flowmeter (Insertion) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Ultrasonic Flowmeter (Insertion) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Ultrasonic Flowmeter (Clamp-On) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Ultrasonic Flowmeter (Clamp-On) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Ultrasonic Flowmeter (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Ultrasonic Flowmeter (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Ultrasonic Flowmeter (3-Path Transit Time) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Ultrasonic Flowmeter (3-Path Transit Time) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Ultrasonic Flowmeter (4- Path Transit Time) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Ultrasonic Flowmeter (4- Path Transit Time) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Ultrasonic Flowmeter (5- Path Transit Time) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Ultrasonic Flowmeter (5- Path Transit Time) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Ultrasonic Flowmeter (6 or More Path Transit Time) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Ultrasonic Flowmeter (6 or More Path Transit Time) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Ultrasonic Flowmeter (Transit Time - Single/Dual Path) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Ultrasonic Flowmeter (Transit Time - Single/Dual Path) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Ultrasonic Flowmeter (Transit Time - Multipath) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Ultrasonic Flowmeter (Transit Time - Multipath) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Ultrasonic Flowmeter (Doppler) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Ultrasonic Flowmeter (Doppler) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Ultrasonic Flowmeter (Hybrid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Ultrasonic Flowmeter (Hybrid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Ultrasonic Flowmeter Market: Direct Sales (in Million US$), 2017 & 2022
Figure 38: Global: Ultrasonic Flowmeter Market Forecast: Direct Sales (in Million US$), 2023-2028
Figure 39: Global: Ultrasonic Flowmeter Market: Sales through Independent Representatives (in Million US$), 2017 & 2022
Figure 40: Global: Ultrasonic Flowmeter Market Forecast: Sales through Independent Representatives (in Million US$), 2023-2028
Figure 41: Global: Ultrasonic Flowmeter Market: Sales through Distributors (in Million US$), 2017 & 2022
Figure 42: Global: Ultrasonic Flowmeter Market Forecast: Sales through Distributors (in Million US$), 2023-2028
Figure 43: Global: Ultrasonic Flowmeter Market: Online Sales (in Million US$), 2017 & 2022
Figure 44: Global: Ultrasonic Flowmeter Market Forecast: Online Sales (in Million US$), 2023-2028
Figure 45: Global: Ultrasonic Flowmeter (Natural Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Ultrasonic Flowmeter (Natural Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Ultrasonic Flowmeter (Non-Petroleum Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Ultrasonic Flowmeter (Non-Petroleum Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Ultrasonic Flowmeter (Petroleum Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Ultrasonic Flowmeter (Petroleum Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Global: Ultrasonic Flowmeter (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Global: Ultrasonic Flowmeter (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia Pacific: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia Pacific: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: North America: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: North America: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Europe: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Europe: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Middle East and Africa: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Middle East and Africa: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Latin America: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Latin America: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Ultrasonic Flowmeter Manufacturing: Detailed Process Flow


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