Flow Meters Market 2019-2027 Exclusive Research: Top Players Honeywell (US), Siemens (Germany), Emerson Electric Co. (US), Schneider Electric (France)

The report "Flow Meters Market by Type (Differential Pressure, Positive Displacement, Magnetic, Ultrasonic, Coriolis, Turbine, Vortex) and by Application (Water & Waste Water, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Metals & Mining, Food & Beverages) - Global Trends & Forecast to 2027", is projected to grow from USD 7.2 billion in 2018 to USD 12.7 billion by 2027.

Browse 77 market data Tables and 34 Figures spread through 159 Pages and in-depth TOC on "Flow Meters Market - Global Trends & Forecast to 2027"

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The increased demand for higher accuracy, reliability, durability, and higher performance for measurement tools, increasing use in oil & gas and water & wastewater industries are some of the major factors that are driving the flow meter market in end-use industries. On the other hand, high initial cost of Coriolis and magnetic flow meters are restraining the growth of the market.

“Water & wastewater is the largest application segment for FLOW METER”
The water & wastewater segment accounts for the largest share of the flow meter market. Water is used in industrial, communal, and household applications. It is stored in tanks and supplied through tanks as per requirements. Without flow meter, the measurements and monitoring is not possible which has resulted in increased usage of flow meters. Moreover, water is an important constituent of various industrial operations such as in chemical, oil & gas, food & beverages, automotive, manufacturing industries including iron & steel. These industries need to monitor the flow rate and water usage in their respective process which involves use of flow meters. This has led to increased usage of flow meters in various sectors of the market.

“Coriolis flow meters are expected to witness highest growth”
Coriolis flow meters are expected to witness the fastest-growth in the flow meter market during the forecast period. Coriolis is highly preferred as it is highly accurate, reliable, easy to install, and cost of maintenance is also low. The increased demand is poised by usage in measuring the flow of sanitary, cryogenic, relatively clean, and corrosive liquids and gases/vapors in pipes. The lower sensitivity to density makes it suitable for various industrial applications where fluid’s physical properties are not known. The application industries of these type of flow meters include water & wastewater, pulp & paper, petroleum & petrochemical, power, chemical, mining, mineral processing, and other industries.

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“Asia-Pacific is the biggest market for flow meter”
Asia-Pacific dominated the global flow meter market in 2018. The demand for flow meter in the Asia-Pacific region is mainly driven by the rising demand for high quality and reliable measurement tools from end-use industries, which in turn is increasing the demand for flow meter. Asia-Pacific is estimated to be the fastest-growing market for flow meter, in terms of value. This high growth is because of the increased demand from the oil & gas and water treatment applications in the region. Moreover, the growing industrial development, water recycling facilities, growing concern in industries to maintain accuracy in flow rate, volume, and quantity of chemicals, liquids, gases, and various fluids in their operations and processes is increasing the demand for flow meter in the region.

Key players operating in the flow meters market include Honeywell (US), Siemens (Germany), Emerson Electric Co. (US), ABB Ltd. (Switzerland), Yokogawa Electric (Japan), Azbil (Japan), Badger Meter (US), Krohne Messtechnik (Germany), Schneider Electric (France), and Endress Hauser (Switzerland). These players have adopted various strategies to expand their global presence and increase their market shares. New product launches, expansions, collaborations, partnerships, agreements, joint ventures, and acquisitions are some of the major strategies adopted by these players to enhance their business prospects in the flow meters market.

In June 2017, Honeywell (US) launched Q sonic, an ultrasonic gas flow meter. This flow meter offers the highest level of accuracy in custody transfer process. In April 2017, the company expanded the manufacturing of oil and natural gas solutions at its Arzamas plant in Russia. This will enable the company to broaden its range of solutions and cater to the specific needs of its end customers. The company also launched a new ultrasonic flowmeter, USM GT400 ultrasonic flowmeter, in March 2014. The product is used to measure the volume of gas.

Siemens (Germany), which is a leading manufacturer of flow meters, adopted new product launches as their key growth strategy to expand its product portfolio and business globally. In March 2017, the company launched the next generation of digital clamp-on ultrasonic flow measurement technology. The flow measurement technology will comprise of new Sitrans FST030 transmitter with dependable Sitrans FSS220 clamp-on sensors. The new flow system will help attain high accuracy and noise immunity. It also launched a flowmeter of quality of SITRANS FC410 Corey and Olli, which is compact, light, and handy and can be used in apparatus that have limited space. In September 2013, the company’s industry automation division launched the Apple iOS application for SITRANS F US clamp-on ultrasonic flow meters. SITRANS connection enables direct communication between an Apple iOS device and any SITRANS F US clamp-on ultrasonic flow meter to boost all metering functionalities, together with programming, operational review, data logging, and download.

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