Flow Meters Market: Summary

The Global Flow Meters Market is estimated to reach USD 8.4 Billion by 2024 at a CAGR of 6.2 %.

Measurement of flow of liquids or gases plays a pivotal role in the industrial plants or facilities, as it is directly linked efficient functioning of industrial processes. To carry out flow measurements, flow meters are generally used. Flow meters can be referred to the devices, which act as an integral tool for measuring the flow of the liquid or gases in an open or closed duct. Alternatively, flow meters are also known as flow gauge, flow sensor, flow indicator, and liquid meter. Flow meters provide accurate flow measurement for any individual flow measuring application. Broad range of flowmeters are used in various industries such as oil & gas, chemicals, and food & beverage among others.

Flow Meters Market: Drivers & Restraints

Market Drivers:

Growing Demand of Flow Meters from End-Use Industries

The demand for flow meters across end-use industries is growing at a significant pace, which is expected to boost the market during the forecast period. In oil and gas sector, the demand for flow meters is rising owing to the higher demand for oil & gas production worldwide. Also, higher ability to offer more accurate flow measurement under various temperature range is promoting its rapid adoption in oil and gas sector. Increasing focus towards reducing the overall costs, carbon footprint with overall process optimization are some of the factors responsible for the demand of flow meters across food & beverage, chemicals and similar other industries.

Rising Demand for Intelligent Flow Meters

Intelligent flow meters offer better ability for monitoring and controlling the liquid/gas flowage. They achieve this through the usage of smart technologies such as Bluetooth, Ethernet I/P, Wireless LAN, I/O Link and M-Bus. Higher accuracy and reliable results are required in industrial applications to carry out the processes more efficiently. Owing to this, demand for the intelligent flow meters is expected to grow across the chemical and water treatment application areas. The rising demand for intelligent flow meter owing to its accurate and precise flow measurement is another factor driving the growth of the flow meter market.

Market Restraints:

High Maintenance Cost Owing to Harsh Work Environment

Flow meters perform crucial work under extreme conditions, resulting into higher wear and tear. Due to this, it requires high maintenance in order to boost its shelf life and efficiency. Some of the prominent factors leading to high maintenance includes, disturbed flow of the liquids or gases, high turndowns, wet gas, and abrasive fluids. Due to this, routine maintenance of the flow meters are required which sum ups the total maintenance cost. Hence, high maintenance requirements act as a restraining factor for the growth of the flowmeter market during the forecast period.

Flow Meters Market: Key Segments

Key Segments by Type: Turbine Flow Meter, Metal Tube Rotameter, Mass Flow Meter, Differential Pressure Flow Meter, Venturi Meter, Orifice Meter, Ultrasonic Flow Meter, Vortex Flow Meter and Others

Key Segments by End-User: Oil and Gas, Power and Utility, Food and Beverage, Wastewater and Biogas, Chemicals, Pulp and Paper and Others

Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Flow Meters Market: Report Scope

The report on the Flow Meter Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features Specifics Historical/Estimated/Forecasted Market Size Years 2017-2024 Base Year for Market Calculation 2018 Forecasted Period 2019-2024 (2019 estimated year, forecasted up to 2024) Measured Units Value (USD Million) Volume (Units) Segments Included Type, End-User Regional Coverage Asia-Pacific, North America, Europe, Middle East & Africa and South America

KEY Companies Covered

• Siemens AG (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

• Yokogawa Electric Corporation

• Emerson Electric Co.

• Hitachi, Ltd.

• Honeywell International Inc.

• ABB Ltd.

• Schneider Electric SE

• KROHNE Messtechnik GmbH

• General Electric Company

• Other Key Companies

Flow Meters Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Flow Meters Market, by Type

Turbine Flow Meter

Metal Tube Rotameter

Mass Flow Meter

Differential Pressure Flow Meter

Venturi Meter

Orifice Meter

Ultrasonic Flow Meter

Vortex Flow Meter

Others

Flow Meters Market, by End User

Oil and Gas

Power and Utility

Food and Beverage

Waste Water and Biogas

Chemicals

Pulp and Paper

Others

Flow Meters Market, by Region

Asia-Pacific China India Japan South Korea Australia Rest of Asia-Pacific

North America US Canada Mexico

Europe Germany UK France Italy Spain Rest of Europe



Middle East & Africa Saudi Arabia UAE Rest of Middle East & Africa



South America Brazil Argentina Rest of South America



Key Questions answered by the report

What are the major developments impacting the global market and its growth?

What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?

What are the emerging types of the global market?

What are the emerging applications of global market?

What are the major characteristics that will affect the global market growth during the study period?

Who are the key global players operating in the market?

How are the major players leveraging in the existing global market conditions?

Report Audience

Flow Meters Market Providers

Flow Meters Market Solution and Services Suppliers, Distributors and Dealers

End-Users of Varied Segments of Flow meter Market

Government Bodies and Intellectual Institutions

Associations and Industrial Organizations

Research & Consulting Service Providers

Research & Development Organizations

Investment Banks & Private Equity Firms