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Major Growth Driver Identified in 2025 Flowmeter Market: Pharmaceutical Boom Fuels Growth In The Flowmeter Market
Flowmeter Market
Flowmeter Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The expansion of the flowmeter market has been swift in the past few years. It's estimated that it will escalate from a value of $9.95 billion in 2024 to $11.05 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.0%. This development during the historical period is linked to factors like industries laying emphasis on process optimization and efficiency, heightened demand for fluid measurement and monitoring, growth of process industries including oil & gas, chemical, and petrochemical sectors, infusion of automation and equipment in industrial procedures, as well as initiatives centered around water resource management and conservation.
Flowmeter Market Size Forecast: What's the Projected Valuation by 2029?
The size of the flowmeter market is predicted to witness significant growth in the coming years, expanding to $15.62 billion by 2029 with a compound annual growth rate (CAGR) of 9.0%. This projected expansion during the forecast period can be linked to the increasing demand for non-invasive and clamp-on flow measurement techniques, the integration of flowmeters into IoT and Industry 4.0 applications, implementation of flowmeters in biopharmaceutical and life sciences industries, the rise in renewable energy sources and biofuels production, and investment into R&D for future flow measurement generations. Key trends that are expected to be prominent in the forecast period include non-invasive measurement via ultrasonic flowmeters, assimilation with the industrial internet of things (IIoT), enhanced sensor technologies for better precision, wireless and battery-operated flowmeters, as well as emphasis on smart diagnostics and predictive maintenance.
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What Are the Drivers Transforming the Flowmeter Market?
The anticipated surge in pharmaceutical production is set to stimulate the expansion of the flowmeter market. Flowmeters, devices used to gauge the linear, nonlinear, mass, or volumetric flow rate of a liquid or gas, are critical to the pharmaceutical manufacturing process as they manage extremely sensitive conditions such as pressure and temperature. For example, BioProcess International, a U.S.-based online platform, noted in February 2023 that AbbVie saw total sales of $58 billion in 2022, with the drug Humira (adalimumab) contributing $21.2 billion, a 2.6% rise from the previous year. Hence, the escalating pharmaceutical production is fuelling the growth of the flowmeter market.
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What Long-Term Trends Will Define the Future of the Flowmeter Market?
A significant trend that is gaining traction in the flowmeter market is advancements in product technology. The process of discovering new knowledge that propels technology forward can aid in the utilization or manufacturability of a device, thereby enhancing its efficiency. For example, a Switzerland-based industrial equipment firm, ABB, introduced CoriolisMaster and ProcessMaster flowmeters in September 2023. The efficiency, reliability, and data transmission capabilities of these flowmeters for process industries are enhanced by their ProfiNet and Power Over Ethernet features. This makes them a crucial tool for accurate flow measurement.
Which Segments in the Flowmeter Market Offer the Most Profit Potential?
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 Firms Dominate the Flowmeter Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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