Flow Meters Market Report, Size Segments and Growth 2021: Research Strategies with Share Analysis, Top Key Players with Opportunities Forecast to 2027 | Emerson Electric Corporation, General Electric, Krohne Messtechnik GmbH, Hitachi High-Tech Corporation

Flow Meters Market is expected to exceed the market valuation of more than US$ 11.9 billion by 2027 expanding at a reasonable CAGR of around 5.9% during the forecast period (2021-2027). The need for monitoring flow rates with higher accuracy and speed is increasing. Flow rate can easily be measured using flow meters. Residential Wastewater management is an important industry with the need to measure flow rates. With the increase in environmental protection practices, waste disposal monitoring is becoming essential for creating a cleaner and less polluted world. Flow meters are necessary in both monitoring residential effluent waste as well as maintaining the waste processing control systems. This is an important application as 1.5% and 6.6% of the global irrigation area is irrigated using wastewater and 10% of food in the world is produced using wastewater. Other processes using flow meters include food and beverage, chemical/pharma, and pulp and paper.

The key factors for the flow meter market growth are its increased use in oil & gas and water and wastewater industries. Additionally, expansions and acquisitions activities of major companies is also driving market growth. Other applications of flow meters include automotive, construction, chemical, medical, manufacturing, oil & gas and water and wastewater industries. Growth of these key industries is driving the growth of flowmeters. Also, emerging markets like India and China are also influencing market growth. Lately due to the pandemic, all industries have taken a hit and have suspended many factory operations which is expected to cause a temporary decline in flowmeter market. For example, the Oil & gas industry is experiencing its 3rd collapse in 12 years due to the Covid-19 crisis.

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The pandemic brought the world to a standstill. All industries have suffered some form of loss due to the pandemic. In addition to this the pandemic has also cost many lives. Till date there have been 177,470,620 covid-19 cases in the world and 3,839,931 deaths. In severe cases patients need to be given oxygen. Due to this the use and production of oxygen flowmeters has increased many folds. Industrial and medical gas suppliers have reported a 3-5-fold rise in medical oxygen, both in liquid and cylinder form. According to gas world, there was a 73% total oxygen consumption increase in Europe and 105% oxygen consumption increase in the United States. Oxygen Flowmeters can be of two types, oxygen flowmeter regulator and wall pipe oxygen supply. One works with a pressure reducer and a humidifier bottle while the other just needs a humidifier bottle. The oxygen source is regulated using the pressure reducer. Once the flow is regulated, the output nozzle can deliver oxygen at a constant flow rate.

Based on product, the flow meters market is fragmented into differential pressure (DP), positive displacement (PD), magnetic, ultrasonic, coriolis, turbine, vortex, and others. The magnetic segment is further bifurcated into wired and wireless. The magnetic segment of the flow meters market was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 growing at a CAGR of X% from 2021-2027. Magnetic flow meters or mag meters are cost effective, bi-directional, obstruction less and provide a highly accurate volumetric flow. All these qualities make magnetic flow meters the most popular choice. The typical accuracy of electromagnetic flow meters ranges from ± 0.5-1 % of rate whereas that of coriolis from ± 0.05-0.5 %, making magnetic flow meters more popular.

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Based on application, the flow meter market is segmented into water & wastewater, oil & gas, chemicals, power generation, pulp & paper, food & beverage, and others. Water & wastewater accounted for a market valuation of US$ X million in 2020 and is expected to reach US$ X million by the year 2027, at a CAGR of X% over the analyzed period. Flow meters are important for the availability of high-quality, clean water in commercial, industrial, and residential areas. Flow meters help in the leak detection and pump flow management. Currently, 90% of the wastewater globally is collected and treated i.e., 31,000 m3/d.

Additionally, the report provides detailed initiatives that are being taken in the field of Flow Meters, globally. The report provide a detailed analysis of regions including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and the Rest of the World. North America dominated the market in 2020, with X% share. Emerson Electric Corporation, General Electric, Krohne Messtechnik GmbH, Hitachi High-Tech Corporation, ABB Ltd., Honeywell International Inc., Siemens Group, Yokogawa Electric Corporation, Azbil Corporation, and Badger Meter, Inc. are some of the prominent players operating in the global Flow Meters market. Several M&As along with partnerships have been undertaken by these players to make Flow Meterss as cost-effective and as widely available as possible.

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Flow Meters Market Segmentation
Market Insight, by Product
• Differential Pressure (DP)
• Positive Displacement (PD)
• Magnetic
o Wired
o Wireless
• Ultrasonic
• Coriolis
• Turbine
• Vortex
• Others

Market Insight, by Application
• Water & Wastewater
• Oil & Gas
• Chemicals
• Power Generation
• Pulp & Paper
• Food & Beverage
• Others

Market Insight, by Region
• North America Flow Meters Market
o United States
o Canada
o Rest of North America
• Europe Flow Meters Market
o France
o Germany
o Italy
o Spain
o United Kingdom
o Rest of Europe
• Asia-Pacific Flow Meters Market
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
• Rest of World Flow Meters Market

Top Company Profiles
• Emerson Electric Corporation
• General Electric
• Krohne Messtechnik GmbH
• Hitachi High-Tech Corporation
• ABB Ltd.
• Honeywell International Inc.
• Siemens Group
• Yokogawa Electric Corporation
• Azbil Corporation
• Badger Meter, Inc.

Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

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A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?
• The market report presents the estimated market size of Flow Meters Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?
• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
• Based on what factors are the key market players assessed in this report?
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Players
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
• the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?
• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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