Press release
Abb's Coriolismaster And Processmaster Flowmeters Set New Standards In Efficiency And Precision Trend: A Crucial Influence on the Flowmeter Market's Transformation in 2025
Flowmeter Market
The anticipated escalation in the production of pharmaceuticals is predicted to fuel the expansion of the flowmeter market. A flowmeter is an instrument that quantifies the linear, nonlinear, mass, or volumetric flow rate of a liquid or gas. They are employed in the pharmaceutical manufacturing process to regulate critically sensitive conditions such as pressure and temperature. For example, BioProcess International, a US online platform, reported in February 2023 that in 2022, AbbVie registered total sales of $58 billion, of which Humira (adalimumab) accounted for $21.2 billion. This marked a 2.6% rise from the prior year. Consequently, it's the expansion in pharmaceutical production that's steering the growth of the flowmeter market.
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What is the projected compound annual growth rate (CAGR) of the flowmeter market from 2025 to 2034, and what factors influence it?
The expansion of the flowmeter market has been fast-paced in recent times. The market, which was valued at $9.95 billion in 2024, is projected to rise to $11.05 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.0%. The historic growth can be linked to an increased focus on optimizing and improving efficiency in industries, a heightened demand for fluid measurement and monitoring, the growth of process industries such as oil & gas, chemicals, and petrochemicals. Similarly, the adoption of automation and instrumentation in industrial operations, along with an emphasis on water resource management and safeguarding, have contributed to this market growth.
In the coming years, the flowmeter market is projected to witness robust growth, expanding to a size of $15.62 billion by 2029, with a compound annual growth rate (CAGR) of 9.0%. This growth throughout the forecast period is likely to be driven by factors such as the increasing demand for non-invasive and clamp-on flow measurement technologies, applications of flowmeters in the internet of things (IoT) and industry 4.0, their adoption in the biopharmaceutical and life sciences sectors, the development of renewable energy sources and biofuels, and investments in researching and developing the next generation of flow measurement technologies. Some major trends predicted for this period include the use of ultrasonic flowmeters for non-invasive measurements, integrations with the industrial Internet of Things (IIoT), the use of advanced sensor technologies to improve accuracy, the development of wireless and battery-powered flowmeters, and an emphasis on smart diagnostics and predictive maintenance.
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How are the latest trends influencing the growth of the flowmeter market?
Progress in product technology is a prominent trend gaining traction in the flowmeter industry. This technological progression signifies the uncovering of understandings that contribute to technological evolution, potentially facilitating the utilization or fabrication of a gadget, augmenting its efficiency. For example, in September 2023, ABB, an industrial equipment corporation based in Switzerland, launched CoriolisMaster and ProcessMaster flowmeters. The unique features of CoriolisMaster and ProcessMaster flowmeters such as ProfiNet and Power Over Ethernet amplify efficiency, reliability, and data transmission capacity for process industries, solidifying them as integral tools for accurate flow measurement.
What are the major segments of the flowmeter market and their role in driving growth?
The flowmeter market covered in this report is segmented -
1) By Type: Differential Pressure Flow Meter, Positive displacement Flow Meter, Ultrasonic Flow Meter, Turbine Flow Meter, Magnetic Flow Meter, Coriolis Flow Meter, Vortex Flow Meter, Other Flow Meters
2) By Application: Residential, Industrial, Commercial
3) By End User: Water and Wastewater, Oil and Gas, Chemicals, Power Generation, Pulp and Paper, Food and Beverage, Other End Users
Subsegments:
1) By Differential Pressure Flow Meter: Orifice Plate Flow Meters, Venturi Meters, Flow Nozzles
2) By Positive Displacement Flow Meter: Gear Flow Meters, Diaphragm Flow Meters, Piston Flow Meters
3) By Ultrasonic Flow Meter: Transit-Time Ultrasonic Meters, Doppler Ultrasonic Meters
4) By Turbine Flow Meter: Inline Turbine Flow Meters, Insertion Turbine Flow Meters
5) By Magnetic Flow Meter: Electromagnetic Flow Meters, Insertion Magnetic Flow Meters
6) By Coriolis Flow Meter: Mass Coriolis Flow Meters, Density Coriolis Flow Meters
7) By Vortex Flow Meter: Karman Vortex Flow Meters, Multi-Parameter Vortex Flow Meters
8) By Others Flow Meter: Thermal Flow Meters, Variable Area Flow Meters (Rotameters)
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Which regions are key players in the growth of the flowmeter market?
Asia-Pacific was the largest region in the flowmeter market in 2024. Europe is expected to be the second largest region in the forecast period. The regions covered in the flowmeter market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the flowmeter market?
Major companies operating in the flowmeter market include ABB Group, Emerson Electric Co., Em-Tec GmbH, Endress+Hauser Management AG, General Electric Company (GE), Hitachi Ltd., Honeywell International Inc., Höntzsch GmbH, KROHNE Messtechnik GmbH, Siemens AG, Yokogawa Electric Corporation, VSE Volumentechnik GmbH, Keyence Corporation, Schneider Electric SE, Azbil Corporation, Badger Meter, Max Machinery Inc., Omega Engineering EMEA, Scharf Automation Pvt. Ltd., Forbes Marshall, Kral AG, Electronet Equipments Pvt Ltd., SIKA Dr. Siebert & Kühn GmbH & Co., Sierra Instruments, Fluid Components International LLC, McCrometer Inc., KOBOLD Messring GmbH, ONICON Incorporated, Seametrics Inc., Vogtlin Instruments GmbH, Alicat Scientific
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What Is Covered In The Flowmeter Global Market Report?
•Market Size Forecast: Examine the flowmeter market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the flowmeter market for a structured understanding.
•Key Players Overview: Analyze major players in the flowmeter market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the flowmeter market.
•Segment Contributions: Evaluate how different segments drive overall growth in the flowmeter market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the flowmeter market.
•Industry Challenges: Identify potential risks and obstacles affecting the flowmeter market.
•Competitive Landscape: Review strategic developments in the flowmeter market, including expansions, agreements, and new product launches.
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