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Flow Meter Market Size, Share, & Trends Analysis Report By Product (Differential Pressure, Positive Displacement, Magnetic, Ultrasonic), By Application, By Power Type, By Pipe Size, By Region, And Segment Forecasts, 2021 - 2028

October 2021 | 100 pages | ID: FE33356820EEN
Grand View Research, Inc.

US$ 4,950.00

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Flow Meter Market Growth & Trends

The global flow meter market size is estimated to reach USD 12.99 billion by 2028, according to the new report conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2021 to 2028. The penetration of IoT has helped the evolution of smart flow rate measurement solutions, leading to an increased demand for intelligent flow meters. The adoption of flow meters is expected to increase as rapid urbanization triggers the need for better water and wastewater management.

The advancements in technology have made ultrasonic and Coriolis flow meters more reliable and accurate than their counterparts. The integration of IoT in flow rate measurement solutions has helped transform Coriolis meters into intelligent flow meters. Hence, the adoption of these meters is expected to grow significantly over the forecast period. Besides, extensive adoption of Coriolis flow meters by the oil and gas, chemical, and refinery sectors is projected to drive the growth of the overall product segment over the forecast period.

The water and wastewater segment is expected to witness robust growth over the forecast period owing to rapid urbanization in various parts of the world, particularly in Asia Pacific, South America, and Africa. These regions have aggressively started to adopt efficient solutions for the treatment, control, monitoring, and regulation of water supplies and management of wastewater, thereby driving the demand for flow rate measurement solutions and instruments.

Europe dominated the global market in 2020 as the region is home to several manufacturers and product innovators of flow rate measurement solutions and services, including flow meters. However, APAC is expected to witness the highest growth rate over the forecast period owing to the rapid urbanization underway in APAC countries, which would subsequently trigger the need for adequate power generation and efficient water and wastewater management. The market in India is likely to witness a significant boost over the forecast period on account of the growing need for expanding fuel refining capacity in the country.

With emerging economies in the Asia Pacific such as China, India, and other Southeast Asian nations witnessing rapid industrialization, regional manufacturers and providers of flow rate measurement solutions are forming collaborations and partnerships with global players to cash in on opportunities prevailing in the regional as well as global markets. Regional players are also improving their customer engagement activities and enhancing their portfolio of products and services.

Moreover, General Electric (U.S.), ABB Ltd. (Switzerland), Emerson Electric Corporation (U.S.), Yokogawa Electric Corporation (Japan), and Hitachi High-Tech Corporation (Japan) are some of the major providers and vendors of flow rate measurement solutions. Market players are constantly emphasizing product innovation and enhancing their products and solutions. With the lucrative opportunities, the oil and gas, petroleum, chemicals, and water and wastewater management sectors offer, manufacturers, focus on meeting the various requirements of these sectors in particular.

Flow Meter Market Report Highlights
  • The market for the flow meter is anticipated to witness substantial growth during the forecast period due to the integration of IoT in flow meters, which has led to the introduction of smart flow rate measurement solutions
  • Custody transfer application in the oil and gas sector is one of the key applications creating lucrative opportunities for ultrasonic and Coriolis flow meters
  • The water and wastewater segment is anticipated to witness substantial growth during the forecast period owing to the increasing initiatives taken by several governments for water and wastewater management
  • The Asia Pacific is expected to expand at the fastest CAGR over the forecast period owing to substantial demand and adoption of flow meters in various application sectors, particularly in China, India, and Southeast Asian countries
  • Businesses in Middle Eastern countries such as Iran, Iraq, and Syria are highly vulnerable to political instability. Businesses in other Middle Eastern countries such as UAE, Saudi Arabia, Oman, and Qatar focus on expanding their presence by establishing friendly relations with eminent manufacturers in Western countries
  • Key market participants are ABB Ltd., Emerson Electric Corporation, General Electric, Krohne Messtechnik Gmbh, H?NTZSCH GMBH & CO. KG, Hitachi High-Tech Corporation, Yokogawa Electric Corporation, and Siemens
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Market Segmentation
1.2 Report Scope and Assumptions
1.3 Research Methodology
1.4 List to Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Summary
  2.1.1 Key Industry Trends
  2.1.2 Custody Transfer
2.2 Recovery of Oil & Gas Sector and Flow Meters Market Trends
2.3 History and Evolution of Flow Meters
2.4 Installation Procedures and Standardization Norms of Flow Meters in Different Application Sectors
  2.4.1 Installation
  2.4.2 Standards
2.5 Flow Meters Market - Industry Outlook
2.6 Flow Meters Market - Segmental Outlook

CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE

3.1 Flow Meters Market Dynamics
  3.1.1 Market Driver Analysis
    3.1.1.1 Growing penetration of advanced flow meters in the oil & gas sector and water & wastewater management
    3.1.1.2 Growing adoption of smart and intelligent flow meters in high-end application sectors
    3.1.1.3 Penetration of IoT in flow rate measurement solutions
  3.1.2 Market restraint analysis
    3.1.2.1 High initial investment associated with smart flow rate measurement solutions
  3.1.3 Market Opportunity analysis
    3.1.3.1 Increasing adoption of flow rate measurement solutions across process automation applications in Asia Pacific region
  3.1.4 Market Challenge analysis
    3.1.4.1 Technological advancement leading to the evolution of alternative solutions to flow meters
3.2 Penetration and Growth Prospect Mapping
3.3 Flow Meters Market - Key Company Analysis, 2020
3.4 List of Industry Player involved in Flow Meters Market
3.5 Flow Meters - Value Chain Analysis
3.6 Flow Meters Market Analysis - Porter’s
3.7 Flow Meters Market Analysis - PEST

CHAPTER 4 PRODUCT ESTIMATES & TREND ANALYSIS

4.1 Flow Meters Market: Product Movement Analysis (Revenue : USD Million; Shipment: Units)
  4.1.1 Differential Pressure
  4.1.2 Positive Displacement
  4.1.3 Magnetic
    4.1.3.1 Wired Magnetic Flow Meter
    4.1.3.2 Wireless Magnetic Flow Meter
  4.1.4 Ultrasonic
  4.1.5 Coriolis
  4.1.6 Turbine
  4.1.7 Vortex
  4.1.8 Others

CHAPTER 5 APPLICATION ESTIMATES & TREND ANALYSIS

5.1 Flow Meters Market: Application Movement Analysis (Revenue : USD Million; Shipment: Units)
  5.1.1 Water & Wastewater
  5.1.2 Oil & Gas
  5.1.3 Chemicals
  5.1.4 Power Generation
  5.1.5 Pulp & Paper
  5.1.6 Food & Beverage
  5.1.7 Others

CHAPTER 6 POWER TYPE ESTIMATES & TREND ANALYSIS

6.1 Flow Meters Market: Power Type Movement Analysis (Revenue : USD Million; Shipment: Units)
  6.1.1 Electric
  6.1.2 Solar
  6.1.3 Battery Powered

CHAPTER 7 PIPE SIZE ESTIMATES & TREND ANALYSIS

9.1 Flow Meters Market: Pipe Size Movement Analysis (Revenue : USD Million; Shipment: Units)
  9.1.1 2 inches
  9.1.2 4 inches
  9.1.3 6 inches
  9.1.4 Above 6 inches

CHAPTER 8 REGIONAL ESTIMATES & TREND ANALYSIS

8.1 Flow Meters Market Share By Region, 2020 & 2028
8.2 North America
  8.2.1 U.S.
  8.2.2 Canada
  8.2.3 Mexico
8.3 Europe
  8.3.1 U.K.
  8.3.2 Germany
  8.3.3 France
8.4 Asia Pacific
  8.4.1 China
  8.4.2 Japan
  8.4.3 India
8.5 South America
  8.5.1 Brazil
8.6 Middle East and Africa (MEA)

CHAPTER 9 COMPETITIVE LANDSCAPE

9.1 ABB Ltd.
  9.1.1 Company Overview
  9.1.2 Financial Performance
  9.1.3 Product Benchmarking
  9.1.4 Recent Developments
9.2 Emerson Electric Corporation
  9.2.1 Company Overview
  9.2.2 Financial Performance
  9.2.3 Product Benchmarking
  9.2.4 Recent Developments
9.3 em-tec GmbH
  9.3.1 Company Overview
  9.3.2 Product Benchmarking
9.4 Endress+Hauser Management AG
  9.4.1 Company Overview
  9.4.2 Financial Performance
  9.4.3 Product Benchmarking
  9.4.4 Recent Developments
9.5 General Electric
  9.5.1 Company Overview
  9.5.2 Financial Performance
  9.5.3 Product Benchmarking
  9.5.4 Recent Developments
9.6 Hitachi High-Tech Corporation.
  9.6.1 Company Overview
  9.6.2 Financial Performance
  9.6.3 Product Benchmarking
  9.6.4 Recent Developments
9.7 Honeywell International, Inc
  9.9.1 Company Overview
  9.9.2 Financial Performance
  9.9.3 Product Benchmarking
9.8 H?NTZSCH GMBH & CO. KG
  9.8.1 Company Overview
  9.8.2 Product Benchmarking
9.9 KROHNE Messtechnik GmbH
  9.9.1 Company Overview
  9.9.2 Financial Performance
  9.9.3 Product Benchmarking
  9.9.4 Recent Developments
9.10 Siemens
  9.10.1 Company Overview
  9.10.2 Financial Performance
  9.10.3 Product Benchmarking
  9.10.4 Recent Developments
9.11 Yokogawa Electric Corporation
  9.11.1 Company Overview
  9.11.2 Financial Performance
  9.11.3 Product Benchmarking
  9.11.4 Recent Developments
LIST OF TABLES

Table 1 Global flow meter market, 2017 - 2028 (USD Million)
Table 2 Global flow meter market, 2017 - 2028 (Shipment Units)
Table 3 Global flow meter market, by product, 2017 - 2028 (USD Million)
Table 4 Global flow meter market, by product, 2017 - 2028 (Shipment Units)
Table 5 Global magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 6 Global magnetic flow meter market, by type, 2017 - 2028 (Shipment Units)
Table 7 Global flow meter market, by Application, 2017 - 2028 (USD Million)
Table 8 Global flow meter market, by Application, 2017 - 2028 (Shipment Units)
Table 9 Global flow meter market, by power type, 2017 - 2028 (USD Million)
Table 10 Global flow meter market, by power type, 2017 - 2028 (Shipment Units)
Table 11 Global flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 12 Global flow meter market, by pipe size, 2017 - 2028 (Shipment Units)
Table 13 Flow meter market, by product, 2017 - 2028 (USD Million)
Table 14 Magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 15 Flow meter market, by Application, 2017 - 2028 (USD Million)
Table 16 Flow meter market, by power type, 2017 - 2028 (USD Million)
Table 17 Flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 18 North America flow meter market, by product, 2017 - 2028 (USD Million)
Table 19 North America flow meter market, by product, 2017 - 2028 (Shipment Units)
Table 20 North America magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 21 North America magnetic flow meter market, by type, 2017 - 2028 (Shipment Units)
Table 22 North America flow meter market, by Application, 2017 - 2028 (USD Million)
Table 23 North America flow meter market, by Application, 2017 - 2028 (Shipment Units)
Table 24 North America flow meter market, by power type, 2017 - 2028 (USD Million)
Table 25 North America flow meter market, by power type, 2017 - 2028 (Shipment Units)
Table 26 North America flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 27 North America flow meter market, by pipe size, 2017 - 2028 (Shipment Units)
Table 28 U.S. flow meter market, by product, 2017 - 2028 (USD Million)
Table 29 U.S. magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 30 U.S. flow meter market, by Application, 2017 - 2028 (USD Million)
Table 31 U.S. flow meter market, by power type, 2017 - 2028 (USD Million)
Table 32 U.S. flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 33 Canada flow meter market, by product, 2017 - 2028 (USD Million)
Table 34 Canada magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 35 Canada flow meter market, by Application, 2017 - 2028 (USD Million)
Table 36 Canada flow meter market, by power type, 2017 - 2028 (USD Million)
Table 37 Canada flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 38 Mexico flow meter market, by product, 2017 - 2028 (USD Million)
Table 39 Mexico magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 40 Mexico flow meter market, by Application, 2017 - 2028 (USD Million)
Table 41 Mexico flow meter market, by power type, 2017 - 2028 (USD Million)
Table 42 Mexico flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 43 Europe flow meter market, by product, 2017 - 2028 (USD Million)
Table 44 Europe flow meter market, by product, 2017 - 2028 (Shipment Units)
Table 45 Europe magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 46 Europe magnetic flow meter market, by type, 2017 - 2028 (Shipment Units)
Table 47 Europe flow meter market, by Application, 2017 - 2028 (USD Million)
Table 48 Europe flow meter market, by Application, 2017 - 2028 (Shipment Units)
Table 49 Europe flow meter market, by power type, 2017 - 2028 (USD Million)
Table 50 Europe flow meter market, by power type, 2017 - 2028 (Shipment Units)
Table 51 Europe flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 52 Europe flow meter market, by pipe size, 2017 - 2028 (Shipment Units)
Table 53 U.K. flow meter market, by product, 2017 - 2028 (USD Million)
Table 54 U.K. magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 55 U.K. flow meter market, by Application, 2017 - 2028 (USD Million)
Table 56 U.K. flow meter market, by power type, 2017 - 2028 (USD Million)
Table 57 U.K. flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 58 Germany flow meter market, by product, 2017 - 2028 (USD Million)
Table 59 Germany magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 60 Germany flow meter market, by Application, 2017 - 2028 (USD Million)
Table 61 Germany flow meter market, by power type, 2017 - 2028 (USD Million)
Table 62 Germany flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 63 France flow meter market, by product, 2017 - 2028 (USD Million)
Table 64 France magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 65 France flow meter market, by Application, 2017 - 2028 (USD Million)
Table 66 France flow meter market, by power type, 2017 - 2028 (USD Million)
Table 67 France flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 68 Asia Pacific flow meter market, by product, 2017 - 2028 (USD Million)
Table 69 Asia Pacific flow meter market, by product, 2017 - 2028 (Shipment Units)
Table 70 Asia Pacific magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 71 Asia Pacific magnetic flow meter market, by type, 2017 - 2028 (Shipment Units)
Table 72 Asia Pacific flow meter market, by Application, 2017 - 2028 (USD Million)
Table 73 Asia Pacific flow meter market, by Application, 2017 - 2028 (Shipment Units)
Table 74 Asia Pacific flow meter market, by power type, 2017 - 2028 (USD Million)
Table 75 Asia Pacific flow meter market, by power type, 2017 - 2028 (Shipment Units)
Table 76 Asia Pacific flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 77 Asia Pacific flow meter market, by pipe size, 2017 - 2028 (Shipment Units)
Table 78 China flow meter market, by product, 2017 - 2028 (USD Million)
Table 79 China magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 80 China flow meter market, by Application, 2017 - 2028 (USD Million)
Table 81 China flow meter market, by power type, 2017 - 2028 (USD Million)
Table 82 China flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 83 India flow meter market, by product, 2017 - 2028 (USD Million)
Table 84 India magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 85 India flow meter market, by Application, 2017 - 2028 (USD Million)
Table 86 India flow meter market, by power type, 2017 - 2028 (USD Million)
Table 87 India flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 88 Japan flow meter market, by product, 2017 - 2028 (USD Million)
Table 89 Japan magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 90 Japan flow meter market, by Application, 2017 - 2028 (USD Million)
Table 91 Japan flow meter market, by power type, 2017 - 2028 (USD Million)
Table 92 Japan flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 93 South America flow meter market, by product, 2017 - 2028 (USD Million)
Table 94 South America flow meter market, by product, 2017 - 2028 (Shipment Units)
Table 95 South America magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 96 South America magnetic flow meter market, by type, 2017 - 2028 (Shipment Units)
Table 97 South America flow meter market, by Application, 2017 - 2028 (USD Million)
Table 98 South America flow meter market, by Application, 2017 - 2028 (Shipment Units)
Table 99 South America flow meter market, by power type, 2017 - 2028 (USD Million)
Table 100 South America flow meter market, by power type, 2017 - 2028 (Shipment Units)
Table 101 South America flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 102 South America flow meter market, by pipe size, 2017 - 2028 (Shipment Units)
Table 103 Brazil flow meter market, by product, 2017 - 2028 (USD Million)
Table 104 Brazil magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 105 Brazil flow meter market, by Application, 2017 - 2028 (USD Million)
Table 106 Brazil flow meter market, by power type, 2017 - 2028 (USD Million)
Table 107 Brazil flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 108 MEA flow meter market, by product, 2017 - 2028 (USD Million)
Table 109 MEA flow meter market, by product, 2017 - 2028 (Shipment Units)
Table 110 MEA magnetic flow meter market, by type, 2017 - 2028 (USD Million)
Table 111 MEA magnetic flow meter market, by type, 2017 - 2028 (Shipment Units)
Table 112 MEA flow meter market, by Application, 2017 - 2028 (USD Million)
Table 113 MEA flow meter market, by Application, 2017 - 2028 (Shipment Units)
Table 114 MEA flow meter market, by power type, 2017 - 2028 (USD Million)
Table 115 MEA flow meter market, by power type, 2017 - 2028 (Shipment Units)
Table 116 MEA flow meter market, by pipe size, 2017 - 2028 (USD Million)
Table 117 MEA flow meter market, by pipe size, 2017 - 2028 (Shipment Units)
Table 118 Company categorization

LIST OF FIGURES

Fig. 1 Flow Meters Market Segmentation
Fig. 2 Flow Meters Market Report Scope
Fig. 3 Flow Meters - Industry Snapshot & Key Buying Criteria, 2017 - 2028
Fig. 4 Flow Meters Market Analysis - Market Dynamics
Fig. 5 Flow Meters Market Size and Growth Prospects (Revenue in USD Million) 2017-2028
Fig. 6 Flow Meters Market - Value Chain Analysis
Fig. 7 Flow Meters Market Analysis - Porter’s
Fig. 8 Flow Meters Market Analysis - PEST
Fig. 9 Flow Meters Market - Product Movement Analysis
Fig. 10 Flow Meters Market - Application Movement Analysis
Fig. 11 Regional Marketplace: Key Takeaways
Fig. 12 Flow Meters Market - Regional Movement Analysis


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