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Flow Meter Market Size, Share and Global Trend By Type (Positive Displacement, Thermal, Coriolis, Electromagnetic, Ultrasonic, Turbine, Vortex Shedding, Differential Pressure), By End-user Industry (Water & Waste Water, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Metals & Mining, Refinery & Petrochemicals, Food & Beverage, Pharmaceuticals) and Geography Forecast till 2026

Region : Global | Report ID: FBI101140 | Status : Ongoing

 

KEY MARKET INSIGHTS

Accurate measurement of the flow rate of liquids and gases is an essential requirement for maintaining the quality of industrial processes. Most of the industrial control loops control the flow rates of incoming liquids or gases to achieve the control objective. As a result, accurate measurement of flow rate is crucial.


A flow meter is a device or an instrument used to measure linear, nonlinear, mass or volumetric flow rate of a liquid or a gas. Flow meters are called by many names, such as flow gauge, flow indicator, liquid meter, flow rate sensor, etc. depending on the particular industry, however, they all measure flow. Different types of flow meters are available for various application and depending upon the requirement.


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Flow meters are used for monitoring and control of systems. Modern, IoT integrated flow meters are used for remote monitoring of the system. Based on a reading of the crucial flow parameter, system parameters are changed. Increasingly important is the ability to interface meters with a computer for instantaneous flow readout to remotely control flow, or to allow unattended process operation. To meet such demands, new types of flowmeters are being introduced, and older designs are being improved and updated.


Based on the type, the flowmeter market can be segmented into a positive displacement, thermal, Coriolis, electromagnetic, ultrasonic, vortex shedding, turbine, differential pressure, and others. Positive displacement flow meters measure the actual volume directly. With PD meters, the output signal is directly related to the volume passing through the meter. PD meters include bi-rotor types (gear, oval gear, helical gear), nutating disc, reciprocating piston, and oscillating or rotary piston.


The output signal of mass flow meter is directly related to the mass passing through the meter. Thermal and Coriolis flowmeters fall into this category. The output signal of the velocity flow meter is directly related to the velocity passing through the meter. Based on end-user industry, the flowmeter market can be segmented into water & wastewater, oil & gas, chemicals, power generation, pulp & paper, metals & mining, etc.


The primary market driver for the global flowmeter market is the increasing demand for highly efficient and maintenance-free flow measurement infrastructure. Serval industrial sectors are using flow meters for monitoring and efficient control of the system. Metered water supply is a necessity on account of scarce water resource per capita.


The critical market restraint for the global flowmeter market is the high cost of flow measurement infrastructure. Maintenance of flow meters needs intricate technical knowledge and incurs high cost.


Key Players Covered


Some of the major companies that are present in flowmeter market are Max Machinery Inc., Omega Engineering EMEA, KROHNE Messtechnik GmbH, Scharf Automation Pvt. Ltd., Emerson, Forbes Marshall, Kral AG, Azbil Corporation, Endress+Hauser Group, Yokogawa, Electronet, SIKA Dr. Siebert & K hn GmbH & Co. KG, Brooks Instrument, Toshniwal Instruments, WIKA Group, ABB, Parker, Adept Fluidyne, Schneider Electric, CS Instruments, Thermo Fisher Scientific, TLV International Inc., Alicat Scientific, and TSI Incorporated.


SEGMENTATION






















SEGMENTATION


DETAILS

By Type



· Positive Displacement


· Thermal


· Coriolis


· Electromagnetic


· Ultrasonic


· Turbine


· Vortex Shedding


· Differential Pressure


· Others



By End-user Industry



· Water & Waste Water


· Oil & Gas


· Chemicals


· Power Generation


· Pulp & Paper


· Metals & Mining


· Refinery & Petrochemicals


· Food & Beverage


· Pharmaceuticals


· Other



By Geography



· North America (The USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico, and Rest of Latin America)


· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Regional Analysis


The global flow meter market has now been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is set to dominate the global flowmeter market. Rapid industrialization., increase in power generation plants and rapid urbanization in China, India, Bangladesh, Vietnam, etc. is expected to boost demand for flow measurement infrastructure. Modernization, upgradation, and refurbishment of flow measurement infrastructure in Europe and North America are expected to provide steady growth for flowmeter market. Remote monitored flow meters are expected to be in strong demand in Middle-East and North America on account of the oil and gas industry. Africa has the most significant potential for flow meter infrastructure due to its lack of urbanization and industrialization.


Key Industry Developments



  • In July 2019, REMSTAETTEN, a leading worldwide supplier of high-performance sensor solutions, Qingdao iESLab Electronic Co., Ltd., a pre-eminent end-to-end supplier of smart municipal works, and innovative water utility company Jiangxi Water Group Co., Ltd., announced plans to extend their China Water Utilities’ Platform, an industrial alliance founded to promote the benefits of ultrasonic water metering and NB-IoT technologies based on Ali Cloud. With the launch of the new Jiangxi Water Utility’s Technical Lab in Nanchang, Jiangxi Province, the partners will support Chinese utilities companies with leading-edge demonstrations of the “big data dividend” of ultrasonic water metering.

  • In May 2019, Tasi Group has announced that it is buying Sierra Instruments, a global specialist in flow measurement instrumentation and testing. This is the second acquisition finalized by Tasi in just two months; Tasi Group has also bought Onicon, which designs and manufactures flowmeters and energy management systems.


Flow Meter Market Size, Share and Global Industry Trend Forecast till 2026
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