Flow Meters Market Size, Share, Trend Worth USD 14.98 Billion 2032 | Emergen Research

The global flow meters market size was USD 8.20 Billion in 2022 and is expected to register a rapid revenue CAGR of 6.2% during the forecast period. In the realm of global water management, a revolutionary solution is emerging to address the pressing need for efficient resource utilization and safety measures. The increasing utilization of automation and Internet of Things (IoT) technology in flow rate measurement applications is reshaping the landscape of water management worldwide.

The advent of IoT flow meters presents a dependable and accessible option for monitoring water volume and flow rates. These innovative meters leverage IoT technology to transmit data to the cloud, facilitating real-time tracking of water usage. With the ability to react instantly to predefined events and provide timely notifications to stakeholders, IoT flow meters are ushering in a new era of efficiency and safety in water management.

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Security measures are paramount in IoT smart flow meters, with features such as password-protected access settings and Transport Layer Security (TLS) ensuring data integrity during transfer. These meters employ advanced algorithms for data processing and offer options for data storage on the cloud or local interfaces.

The adoption of IoT flow meters is particularly pronounced in sectors such as water and wastewater management and Oil & Gas (O&G) industries. In the O&G sector, accurate fluid flow data is crucial for safe manufacturing practices and regulatory compliance. Flow meters play a vital role in processes like enhanced oil recovery, where close monitoring of injected fluids is essential for optimizing production.

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The dominance of the differential pressure segment in the flow meters market is evident, owing to the widespread popularity and affordability of these devices. Electromagnetic flow meters are also experiencing moderate growth, thanks to their reliability and low maintenance requirements.

End-use industries such as water and wastewater management and Oil & Gas are the primary drivers of market growth. The water and wastewater segment, in particular, is poised to dominate the market, driven by the need for accurate measurement in diverse applications within water treatment processes.

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Major Companies and Competitive Landscape

The global flow meters market is fairly fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective flow meters' solutions.

Some major players included in the global flow meters market report are:
• Honeywell International Inc.
• Siemens
• Emerson Electric Co.
• ABB
• Yokogawa Electric Corporation
• Endress+Hauser Group Services AG
• General Electric
• Hitachi High-Tech India Private Limited
• HÖNTZSCH GMBH & CO. KG
• KROHNE Messtechnik GmbH
• Schneider Electric
• Badger Meter, Inc.
• Seametrics
• Thermal Instrument India Pvt. Ltd.
• KEYENCE CORPORATION
• Litre Meter Ltd.
• Baker Hughes Company
• PARKER HANNIFIN CORP
• Sensirion AG
• SICK AG

Strategic Development

• On 11 October 2022, Watson-Marlow Fluid Technology Solutions (WMFTS) announced the introduction of the KROHNE FLEXMAG 4050 C electromagnetic flowmeter to the biopharmaceutical industry. It strengthens the company's position as a supplier of whole-solution packages for clients using fluid path processes, as it is a highly precise and dependable flow measuring device that interfaces effortlessly with other WMFTS products. Customers of WMFTS can confirm the precise flow conditions of Watson-Marlow pumps that are compatible by using KROHNE FLEXMAG 4050 C electromagnetic flowmeter.

• On 16 June 2020, ABB announced the development of Sensyflow FMT700-P Compact thermal mass flowmeter, aimed at optimizing the application of hydrogen for powering electric trains in the automotive sector. Test benches may now measure air intake of an engine using the Sensyflow FMT700-P Compact thermal mass flowmeter, adding to their lineup of products. This flowmeter can be used to fine-tune the effectiveness of cells that use air and hydrogen to make electricity, only discharging water as waste. It is accurate to within 0.8% of the reading over a range of extensible and adjustable measurement units.

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For the purpose of this report, Emergen Research has segmented the global flow meters' market on the basis of type, product type, end-use industry, application, sales channel, measured medium, power type, pipe size, and region:
• Type Outlook (Revenue, USD Billion; 2019-2032)
o Differential Pressure (DP)
o Positive Displacement (PD)
o Electromagnetic
o Ultrasonic
1. Clamp-on
2. Spool Pieces
3. Insertion
4. In-line

• Product Type Outlook (Revenue, USD Billion; 2019-2032)
o Analog
o Digital

• End-use Industry Outlook (Revenue, USD Billion; 2019-2032)
o Water & Wastewater
o Oil & Gas (O&G)
o Chemicals
o Power Generation
o Pulp & Paper
o Food & Beverage (F&B)

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Residential
o Industrial
o Commercial

• Sales Channel Outlook (Revenue, USD Billion; 2019-2032)
o Direct Sales
o Distributors

• Measured Medium Outlook (Revenue, USD Billion; 2019-2032)
o Liquid
o Gases
o Steam
• Power Type Outlook (Revenue, USD Billion; 2019-2032)
o Electric
o Solar
o Battery Powered

• Pipe Size Outlook (Revenue, USD Billion; 2019-2032)
o 2 inches
o 4 inches
o 6 inches
o More than 6 inches

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