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Ultrasonic Flow Meter Market to reach a Revenue of US$ 3.45 Bn by 2031

11-09-2022 01:19 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

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Ultrasonic Flow Meter Market 2022

Ultrasonic Flow Meter Market 2022

Ultrasonic Flow Meter Market 2022

The global ultrasonic flow meter market is growing rapidly, with a value of over US$ 1.73 Bn and a 6.5% CAGR projected to reach US$ 3.45 Bn by 2031. This growth is due to the many benefits ultrasonic flow meters offer over other types of flow meters. Ultrasonic flow meters are more accurate than other types of flow meters and can be used in a wider range of applications. They are also more durable and easier to maintain than other types of flow meters. As a result, ultrasonic flow meters are becoming increasingly popular in industrial and commercial settings.

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A device used to measure the rate or quantity of a gas or liquid moving through a pipe is known as the flow meter. The ultrasonic flow meter is used to measure the fluid velocity which will calculate the motion of the gas or any liquid flowing. The flow meter measures the average velocity with the help of ultrasonic transducers. These ultrasonic flow meters are affected by the temperature, density, viscosity of the fluid.

The ultrasonic flow meters were first launched by Tokyo Keiki in Japan. These ultrasonic flow meters are thus expected to gain traction in the forecast period 2017-2027 owing to vast application use, cost efficient technology and demand from the specific industries such as oil and gas.

Key Companies- 

• Emerson Electric Co.
• Siemens AG
• Endress+Hauser Management AG
• Fuji Electric Co., Ltd.
• General Electric Company
• Greyline Instruments
• Honeywell International Inc.
• Hontzsch GmbH & Co. KG
• KRONE Group
• MIB GmbH
• OMEGA Engineering Inc. (Spectris)
• U-F-M b.v
• Pietro Fiorentini SpA
• KOBOLD Messring GmbH
• Tokyo Keiki
• ProFlow
• Dynaflox Shanghai Co., Ltd.
• Energoflow AG

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Global Ultrasonic Flow Meter Market: Segmentation

types of ultrasonic flow meters

• Inline
• Clamp-On
• Insertion

Number of Paths

• 3-path transit time
• 4-path transit time
• 5-path transit time
• 6 or more paths transit time

Technology Type

• Transit Time - Single/Dual Path
• Transit Time - Multipath
• Doppler
• Hybrid

By Fluid Type

• Petroleum Liquids
• Non-petroleum Liquids
• Gas
• Steam

Communication Protocol

• Modbus
• Proprietary digital
• Ethernet
• Other

Gas Applications

• Custody Transfer: Natural Gas (transportation/transmission/pipeline)
• Check Metering
• Process Measurement
• Flare/Stack Gas Flow Measurement
• Other

Liquid Applications

• Custody Transfer: Petroleum Liquids
• Custody Transfer: Non-Petroleum Liquids
• Check Metering
• Process Measurement
• District Energy
• Other

Mounting Type

• Portable Clamp-on
• Fixed clamp-on

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Key Questions Answered in Ultrasonic Flow Meter Market Report -

• Who are the Major Manufacturers and Suppliers of Ultrasonic Flow Meter?
• What will the Ultrasonic Flow Meter Market growth rate in Future?
• What are the key factors driving the global Ultrasonic Flow Meter Market?
• Who are the key manufacturers in Ultrasonic Flow Meter Market space?
• What are the opportunities and threats faced by the vendors in the global Ultrasonic Flow Meter industry?
• What are sales, revenue, and price analysis by regions of Ultrasonic Flow Meter industry?

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