Ultrasonic Flow Meter Market Size, Share and Global Trend By Type (Spool Piece, Insertion, Clamp-On, Others), By Number of Paths (3-Path Transit Time, 4- Path Transit Time, 5- Path Transit Time, 6 or More Path Transit Time), By Technology (Transit Time - Single/Dual Path, Transit Time – Multipath, Doppler, Hybrid), By Industry (Natural Gas, Non-Petroleum Liquid, Petroleum Liquid, Power Generation), and Geography Forecast till 2030

An ultrasonic flow meter 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 gases & fluids velocity, further calculating the motion of gas or any liquid flowing. Along with liquid, the meter measures the velocity of molten sulfur, chemicals, and cryogenic liquids.

The flowmeters are playing a major role in making bidirectional measurements and are accurate, reliable and require low-maintenance. The accuracy of ultrasonic flowmeters in taking measurements and calculating the velocity of the fluids & gases is a key factor that drives its demand in industries such as wastewater, chemical, food and beverages, mining, metals, pharmaceuticals, power generation & paper and pulp industry. In recent years, manufacturers have developed ultrasonic flowmeters incorporated with the latest technologies, such as hybrid and portable ultrasonic flowmeters, to improve the accuracy of the measurement.

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Another major factor driving the demand of ultrasonic flowmeters is its non-invasive nature, as is not required to come in contact with the fluid or involve cutting of the pipe in order to take the measurements. Moreover, the rising number of refineries catalyzed by increasing energy demand is also driving the demand of ultrasonic flow meters.

SEGMENTATION

Key Players in the Industry

Key players operating in the global ultrasonic flowmeter market are Badger Meter Inc., Emerson Electric Co., Faure Herman SA, General Electric, Hach, Honeywell International Inc., INDEX-Werke GmbH & Co., Schneider Electric, Siemens, Rockwell Automation Inc., KROHNE, Inc.

Regional Analysis

In Asia Pacific, the growth is primarily driven as most key players operating in the flowmeter market have their manufacturing plants in the region, considering lower cost of production than other regions. Moreover, the increasing investments in water & wastewater, energy and power, refining, chemicals, and industrial infrastructure activities in developing economies such as China and India are expected to drive the demand for ultrasonic flow meter instruments.

Middle East & Africa is anticipated to witness significant growth for the ultrasonic flowmeter market during the forecast period, owing to the development of new oil & gas refineries in countries such as UAE & Qatar.

Key Industry Development

• In February 2019, KROHNE launched the OPTISONIC 7300 biogas ultrasonic flowmeter for the measurement of dry and wet (raw) biogas with variable composition.


• In July 2018, Emerson acquired Textron's tools and test equipment business. Textron is a manufacturer of electrical and utility tools, diagnostics, and test & measurement instruments.