Ultrasonic Flow Meter Market 2027 Ongoing Trends and Key Players
Global Ultrasonic Flow Meter Market Dynamics
The growth in the energy markets is a principal factor driving the global ultrasonic flow meter market. The factors fueling the growth of global ultrasonic flow meters include growing demand from the custody transfer applications and the recent development of multipath meters. The rapid growth of the market is majorly contributed by the approval of standards by the regulatory authorities such as American Gas Associations, American Petroleum Institute and International Organization of Legal Metrology. Ultrasonic flow meters are now widely used in the chemical and refining industries to measure processed gasses. Ultrasonic meters have a distinct advantage that they perform well in large pipe sizes, as size is also advantageous for ultrasonic meters as they have more scope for the ultrasonic signal to cross. Ultrasonic flow meters are also used to measure the flow of petroleum and non-petroleum liquids, thus contributing larger share in the global market growth. Moreover, the suppliers developed accurate and reliable ultrasonic flow meters through increasing number of paths, resulting into growing number of measurement points. To its support, the flow meter manufacturers are more inclined towards the ultrasonic flow meters. The growth of ultrasonic flow meter is majorly contributed by the multipath meters for the custody transfer of natural gas. Natural gas being the better alternative to oil and petroleum liquids, is a potential market which helps the global ultrasonic flow meter market to gain traction. The ultrasonic flow meters are gaining traction in the flow meter market owing to reliability and non-availability of moving parts. Ultrasonic flow meters are expected to gain prominence in the global market due to hydrocarbon industry applications. Moreover, the precise accuracy, reliability, obstruction-free measurements, and wide industrial use favors the global ultrasonic flow meter market and is expected to grow with significant CAGR in the forecast period.
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However, the major factor affecting the global ultrasonic flow meter market availability of the broad range of flow meters in the market. The manufacturers implementing traditional flow meters avoid bearing risk and switch to the latest technology. This attitude can affect the market dynamics for the global ultrasonic flow meter market.
Global Ultrasonic Flow Meter: Segmentation: By types of ultrasonic flow meters, the global ultrasonic flow meter market is segmented into: Inline, Clamp-On, Insertion; By Number of Paths, Ultrasonic Flowmeters is segmented into: 3-path transit time, 4-path transit time, 5-path transit time, 6 or more paths transit time; By Technology Type, Ultrasonic Flowmeters is segmented into: Transit Time - Single/Dual Path, Transit Time - Multipath, Doppler, Hybrid; By Fluid Type, Ultrasonic Flowmeters is segmented into: Petroleum Liquids,, Non-petroleum Liquids, Gas, Steam; By Sales Channels, Ultrasonic Flowmeters is segmented into: Direct Sales, Independent Representatives, Distributors, E-Business; By Customer Type, Ultrasonic Flowmeters is segmented into: End-Users, Original Equipment Manufacturers (OEMs), Systems Integrators, Engineers/Consultants, Resellers; Inline Ultrasonic Flowmeters by Mounting Type is segmented into: Wafer, Flanged, Other (e.g., socket weld, compression); Inline Ultrasonic Flowmeters by Line Size is segmented into: < 2 inch, 2 - 4 inches, > 4 - 8 inches, > 8 - 12 inches, > 12 - 24 inches, > 24 inches; Inline Ultrasonic Flowmeters by Intelligence Level is segmented into: Smart, Conventional Smart; Inline Ultrasonic Flowmeters by Communication Protocol is segmented into: HART, Modbus, Proprietary digital, Ethernet, Other; Inline Ultrasonic Flowmeters for Gas Applications is segmented into: Custody Transfer: Natural Gas (transportation/transmission/pipeline), Check Metering, Process easurement, Flare/Stack Gas Flow Measurement, Other; Inline Ultrasonic Flowmeters for Liquid Applications is segmented into: Custody Transfer: Petroleum Liquids, Custody Transfer: Non-Petroleum Liquids, Check Metering, Process Measurement, District Energy, Other; Clamp-On Ultrasonic Flowmeters by Mounting Type is segmented into: Portable Clamp-on, Fixed clamp-on; By application, the ultrasonic flow meter market is segmented into: Water & Waste Water, Refining & Petrochemicals, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Metals and Mining, Food & Beverages, Pharmaceuticals, Others.
Global Ultrasonic Flow Meter: Segment Overview
The global ultrasonic flow meters market on the basis of applications, is segmented into water & waste water, pulp & paper, oil & gas, power generation, metals & mining, refining & petrochemicals, food & beverages, pharmaceuticals, chemicals. The global market for the ultrasonic flow meter is expected to have higher share from the water and waste water as it is used in monitoring, leakage detection, and waste consumption. On the basis of its type, ultrasonic flow meters are segmented into inline, clamp-on and insertion type where, inline ultrasonic flow meter is expected to gain traction in the forecast period. The transit time and Doppler technology of the ultrasonic flow meters are expected to dominate the technology segment of the ultrasonic flow meter market. On the basis of Number of Paths, Technology Type, Fluid Type and Sales Channels, the global market for the ultrasonic flow meter is expected to gain traction in the forecast period 2017-2027.
Global Ultrasonic Flow Meter: Regional Overview
Geographically, the global ultrasonic flow meter market is segmented into Japan, Asia Pacific, Eastern Europe, North America, Western Europe, Latin America and the Middle East and Africa. Though Europe remains the largest regional market for ultrasonic flow meters, Asia Pacific is expected to be the potential market owing to the rising demand for high quality and reliable tools from wide range of industries, increased demand from the oil & gas and water treatment applications, growing industrial development, water recycling facilities, and processes is growing the demand for ultrasonic flow meters market in the region. Due to oil & gas activities, the Middle East and Africa is projected to have the significant share in the overall market. Thus the global market for the ultrasonic flow meter is expected to grow with significant CAGR and is anticipated to have a positive outlook in the forecast period 2017-2027.
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Global Ultrasonic Flow Meter: Market Players
Some of the market players including manufacturers and suppliers for the global ultrasonic flow meter market includes ELIS PLZEN a. s., Honeywell International Inc., Schneider Electric., Cameron Measurement Systems, Emerson Daniel, Endress+Hauser Management AG, KROHNE Group, Siemens AG, Titan Enterprises Ltd
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