Ultrasonic Flow Meter Market Research Report: Overview With Geographical Segmentation By Revenue With Forecast 2029

Market Introduction
Ultrasonic flow meters measure the velocity of a fluid with ultrasound to calculate the volume flow. Transmission flow meter, open-channel flow meter, and Doppler flow meter are three types of ultrasonic flow meters. Ultrasonic flow meters are used to measure liquids that allow passing of the ultrasonic waves such as molten, water, sulfur, chemicals, and cryogenic liquids. Ultrasonic flow meters are finding wide application across industries such as water and wastewater, oil and gas, chemicals, power, pharmaceutical, food and beverages, pulp and paper, and metals and mining.

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Competitive Landscape
• Titan Enterprises has introduced new software functionality for its MetraFlow and Atrato ultrasonic flow meters to provide customers to move the measurement window to ensure measuring at the optimal point of signal.
• TASI Group has acquired Sierra Instruments and ONICON. The products offered by ONICON include ultrasonic flow meters, turbine flow meters, energy meters, airflow meters, transmitters and sensors. While Sierra Instruments offers liquid, gas and steam flow meters, flow and level switches, digital mass flow meters and controllers and flow calibrators.

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Market Dynamics
Upgradation and Modernization of Refineries to Propel Demand for Ultrasonic Flow Meters
Ultrasonic flow meters are extensively used in the oil refineries, especially in crude oil metering. The need to measure crude oil at various steps during its movement from extraction to the production facility is driving demand for ultrasonic flow meters. Moreover, existing oil refineries are increasingly focusing on upgradation and modernization of refineries which will result in the growing demand for ultrasonic flow meters.

Developing nations across the globe are increasingly investing in the development of refineries. For instance, BPCL, EIL, IOC, and HPCL have announced developing the biggest refinery in India on the west coast which is projected to cost US$ 30 billion. Rise in the capacity of refineries in developing countries is likely to boost the demand for ultrasonic flow meters.

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Market Segmentation
Based on the type, the ultrasonic flow meter market is segmented into
• Insertion
• Clamp-On
• Inline
Based on the technology, the ultrasonic flow meter market is segmented into
• Transit Time - Multipath
• Transit Time - Single/Dual Path
• Hybrid
• Doppler
Based on the fluid type, the ultrasonic flow meter market is segmented into
• Gas
• Petroleum Liquids
• Non-petroleum Liquids
• Steam
Based on the number of paths, the ultrasonic flow meter market is segmented into
• 3-path transit time
• 4-path transit time
• 5-path transit time
• 6 or more paths transit time
Based on the supply channels, the ultrasonic flow meter market is segmented into
• Independent Representatives
• Direct Sales
• E-Business
• Distributors
Based on the customer type, the ultrasonic flow meter market is segmented into
• OEMs
• Engineers/Consultants
• End-Users
• Resellers
• Systems Integrators

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