Press release
Ultrasonic Flow Meter Market is expected to reach a value of US$ 3.45 billion between 2021 and 2031
Ultrasonic Flow Meter Market 2022
The global ultrasonic flow meter market is estimated to be worth over US$ 1.73 billion by 2021 and is expected to grow at a CAGR of 6.5% to reach a value of US$ 3.45 billion by 2031. The growth of the market can be attributed to the rising demand for energy-efficient and accurate flow meters across various industries. Ultrasonic flow meters are being increasingly used in various applications such as water, oil & gas, chemical, and power due to their high accuracy and energy efficiency.
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Ultrasonic flow meters are used to measure the volumetric flow rate of liquids and gases in closed conduits. Ultrasonic flow meters are classified into two types, namely, contact type and non-contact type. The contact type ultrasonic flow meter is further divided into insertion type and immersible type. Ultrasonic flow meters are widely used in various industries such as oil & gas, water & wastewater, chemical, power generation, and others.
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.
Company profiles-
• Emerson Electric Co.
• Siemens AG
• Endress+Hauser Management AG
• Fuji Electric Co., Ltd.
• General Electric Company
• Greyline Instruments
• HONDA ELECTRONICS Co., Ltd.
• Honeywell International Inc.
• Hontzsch GmbH & Co. KG
• KRONE Group
• FLEXIM
• MIB GmbH
• OMEGA Engineering Inc. (Spectris)
• U-F-M b.v
• TOKYO KEISO CO., LTD.
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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
• HART
• 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
Global Ultrasonic Flow Meter Market: Regional Outlook
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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Key Questions Answered in This Report.
• What are the Roadblocks for Ultrasonic Flow Meter Suppliers?
• What are the Key Opportunities for Ultrasonic Flow Meter Manufacturers?
• How is Focus on Safety Influencing Ultrasonic Flow Meter Demand?
• What is the Regulatory Impact on Global Sales of Ultrasonic Flow Meter?
• Which Region Offers the Largest Opportunity for Sales of Ultrasonic Flow Meter?
• Where Does the U.S. Stand in the Market for Ultrasonic Flow Meter?
• What Is the Outlook for Ultrasonic Flow Meter Manufacturers in China?
• Why is Germany a Lucrative Market for Ultrasonic Flow Meter Manufacturers?
• Why Will Belgium Outpace Other European Markets for Ultrasonic Flow Meter?
• Why is There High Demand for Tires in Ultrasonic Flow Meter?
• Why are Sales of Ultrasonic Flow Meter Surging?
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