Steady Expansion Forecast for Flowmeter Market, Projected to Reach $15.1 Billion by 2029

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Flowmeter Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a substantial increase in the size of the flowmeter market. The growth is projected to increase from $9.95 billion in 2024 to $10.88 billion in 2025, giving a compound annual growth rate (CAGR) of 9.3%. The historic period's growth is attributed to the burgeoning interest in industries towards process optimization and efficiency, a rising demand for fluid measurement and monitoring, process industries expansion such as oil & gas, chemical, and petrochemical, implementation of automation and instrumentation in industrial workflows, and emphasis on conserving and managing water resources.

Flowmeter Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, a robust growth is anticipated in the size of the flowmeter market, which is projected to expand to $15.1 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.6%. This projected growth during the forecast period can be traced back to the increasing demand for non-invasive and clamp-on flow measurement technologies. Additionally, the incorporation of flowmeters into IoT and Industry 4.0 applications, their utilization in biopharmaceutical and life sciences sectors, the expansion in renewable energy sources and biofuels production, and investment in research and development for innovative flow measurement all contribute to the growth rate. Significant trends during the forecast period include the use of ultrasonic flowmeters for non-invasive measurement, the integration with industrial internet of things (IIoT), the development of advanced sensor technologies for greater precision, the emergence of wireless and battery-powered flowmeters, and an emphasis on smart diagnostics and predictive maintenance.

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What Are the Drivers Transforming the Flowmeter Market?
The anticipated rise in pharmaceutical production is set to stimulate the expansion of the flowmeter market. Flowmeters are devices that gauge the linear, nonlinear, mass, or volumetric flow rate of a liquid or gas. They are crucial in the pharmaceutical manufacturing process to manage exceedingly sensitive parameters like pressure and temperature. For example, BioProcess International, a US-based online platform, reported in February 2023 that AbbVie notched up total sales of $58 billion in 2022. The bulk of these sales, $21.2 billion, was attributed to Humira (adalimumab), marking a 2.6% increase from the preceding year. This surge in pharmaceutical production, therefore, is fuelling the progression of the flowmeter market.

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What Long-Term Trends Will Define the Future of the Flowmeter Market?
Progress in product technology is a rising trend in the flowmeter market. This progress refers to the uncovering of knowledge that enhances the technology which may aid in the use or fabrication of an apparatus, making it more productive. An illustration of this was seen in September 2023 when ABB, an industrial equipment firm based in Switzerland, introduced CoriolisMaster and ProcessMaster flowmeters. The characteristics of ProfiNet and Power Over Ethernet in CoriolisMaster and ProcessMaster flowmeters enhance efficiency, reliability, and data transmission capacity in process industries, underscoring their significance as tools for accurate flow measurement.

Which Segments in the Flowmeter Market Offer the Most Profit Potential?
The flowmetermarket 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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