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Flow Meters Market

Flow Meters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

Global Flow Meters Market: Snapshot

The petrochemicals industry and its refineries from around the world are currently under the scanner for both efficiency improvement and emissions that can harm the environment. The regulations that control these factors are strengthening and as a result, the industry is calling for advanced flow meters to perform the required tasks with greater ease and high accuracy.

Apart from that, the manufacturers of flow meters are also finding better opportunities through the introduction of advanced flow meters to the market and the increasing amount of investments made into capital projects.

However, the flow meter market is still considerably hampered by the lack of skilled labor that can efficiently operate the advanced devices. Additionally, there is a major lack of specialized equipment that is needed to calibrate meters in the industries of aerospace, water management, and agriculture.

The revenue generated in the global flow meters market is expected to progress at a CAGR of 9.5% from 2015 to 2021. By the end of 2021, its revenue is expected to reach US$9.61 bn.

flow-meters-market

Asia Pacific Leads in Flow Meter Demand Globally

The key application industries of flow meters are the petrochemical and refining industries and the water management industry. Both industries already have a large presence in Asia Pacific and are expected to expand even further at an accelerated pace. China, Japan, and India are largely responsible for the rapid increase in flow meter demand over the recent years due to their rapid rates of industrialization. Additionally, the manufacturers of advanced flow meters are also benefitting from the large scale replacement of positive displacement flow meters with smart meters in multiple application industries. Another Asia Pacific industry expected to ramp up its demand for smart flow meters is food and beverages for food processing purposes.

By the end of 2021, Asia Pacific is expected to take up 39.4% of the total market value.

Water Management Holds Key Opportunities for Flow Meter Manufacturers

A large number of advanced and smart flow meters are getting introduced into the market currently. It is significantly improving the demand for flow meters in wastewater management facilities and even achieving an optimistic rate of investments on capital projects. By the end of 2021, the share of water management flow meters in the overall market will by 15.8%. While it is a reduction in share since its 2014 value, there is a considerable growth in the size of the market. At the same time, even with the reduction in revenue share, flow meters for water management are expected to lead the market as an application group.

Wastewater management is a high priority industry in most regions owing to the rapid consumption and depletion of potable water. Flow meters are used to perform crucial tasks in wastewater management, such as dosing during water purification and the abstraction of water. Therefore, a growing demand for wastewater management will consequently apply a higher demand for flow meters.

The key manufacturers of flow meters currently include ABB Ltd., Siemens AG, Badger Meter, Inc., and Endress + Hauser AG.

Rising Industrialization across Various Regions to Invite Profitable Growth for the Flow Meters Market

The flow meters market is expected to capture substantial growth during the forecast period of 2015-2021. The growing use of flow meters across a large number of industries will prove to be a vital growth generator between 2015 and 2021. Accuracy is an important component for preserving the quality of industrial processes. The flow rates of the liquids and gases across diverse industries have to be controlled for seamless output. All these factors help in increasing the growth rate of the flow meters market.

  • Flow meters are devices used for measuring the volumetric, linear, or nonlinear flow rate of a particular gas or liquid. Flow meters are known by various names such as liquid meters, flow gauges, flow rate sensors, flow indicators, and others depending on the type of industry in which they are used. The functionality of flow meters in measuring the flow of liquids and gases may prove to be a positive growth indicator.
  • The utilization of modern technology will be a game-changer for flow meters. The overwhelming use of the Internet of Things (IoT) and other technologies will bring tremendous growth opportunities. The advent of Industrial Revolution 4.0 will also sow the seeds of growth.
  • Manufacturers of flow meters are trying to increase their revenues by conducting intense research and development activities. These activities help them to upgrade the products, thus providing maximum benefit and comfort to the end-user. Investments by numerous conglomerates and firms also offer robust growth opportunities.
  • The SARS-CoV-2 outbreak has completely changed the growth projections associated with the flow meters market. The imposition of stringent lockdown norms and border disruptions had a negative impact on the growth rate. Furthermore, the closing down of manufacturing facilities added to the woes. However, the ease in lockdown restrictions will help the players to revive their growth.

    1. Preface

        1.1. Report Description

        1.2. Research Scope

        1.3. Key take away

        1.4. Research Methodology

    2. Executive Summary

    3. Market Overview

        3.1. Introduction

        3.2. Market Dynamics

            3.2.1. Market Drivers

            3.2.2. Market Restraints

            3.2.3. Market Opportunities

        3.3. Flow Meters market: Competitive landscape

        3.4. Competitive Strategies adopted by major players

        3.5. Market attractiveness analysis

    4. Global Flow Meters Market Analysis, by Product type

        4.1. Overview

        4.2. Magnetic flow meter market, Revenue forecast (USD billion), 2014-2021

        4.3. Coriolis flow meter market,Revenue forecast (USD billion), 2014-2021

        4.4. Ultrasonic flow meter,Revenue forecast, 2014-2021 (USD billion)

        4.5. Turbine flow meter market, Revenue forecast, 2014-2021 (USD billion)

        4.6. Vortex flow meter market, Revenue forecast, 2014-2021 (USD billion)

        4.7. Others flow meter market, Market size and forecast, 2014-2021 (USD billion)

    5. Global Flow Meters Market: By Applications

        5.1. Overview

            5.1.1. By applications: Revnue Share, 2014 Vs 2021

        5.2. Energy managementSegment, 2014-2021, (USD billion)

        5.3. Water management Segment, 2014-2021, (USD billion)

        5.4. Food process Segment, 2014-2021, (USD billion)

        5.5. Oil and gas Segment, 2014-2021, (USD billion)

        5.6. Others Segment, 2014-2021, (USD billion)

    6. Global Flow Meters Market –By Region

        6.1. Overview

            6.1.1. By Region: Revenue share, 2014-2021

        6.2. North America Flow Meters market, 2014-2021, (USD billion)

            6.2.1. North America Flow Meters Market, By application, 2014-2021, (USD billion)

            6.2.2. North America Flow Meters Market, by product type, 2014-2021, (USD billion)

            6.2.3. North America Flow Meters Market, by Country 2014-2021, (USD billion)

        6.3. Europe Flow Meters Market

            6.3.1. Europe Flow Meters Market, By application, 2014-2021, (USD billion)

            6.3.2. Europe Flow Meters Market, by product type, 2014-2021, (USD billion)

        6.4. .3.3. Europe Flow Meters Market, by Country 2014-2021, (USD Billion)

        6.5. Asia Pacific (APAC) Flow Meters Market,2014-2021, (USD billion)

            6.5.1. Asia Pacific Flow Meters Market, Revenue forecast, By application, 2014-2021, (USD billion)

            6.5.2. Asia Pacific Flow Meters market, Revenue forecast, By product type, 2014-2021, (USD billion)

            6.5.3. Asia Pacific Flow Meters Market, Revenue forecast, by Country 2014-2021, (USD billion)

        6.6. Rest of the World (RoW) Flow Meters Market, 2014-2021, (USD billion)

            6.6.1. Rest of the World Flow Meters Market, Revenue forecas,by application, 2014-2021, (USD billion)

            6.6.2. Rest of the World Flow Meters Market, Revenue forecast,by product type, 2014-2021, (USD billion)

            6.6.3. Rest of the World Flow Meters Market,Revenue forecast, by Country 2014-2021, (USD billion)

    7. Company Profiles

        7.1. ABB Ltd

        7.2. Siemens AG

        7.3. Azbil Corporation

        7.4. Badger Meter Inc.

        7.5. Brooks Instrument LLC

        7.6. Yokogawa Electric Corp..

        7.7. Endress + Hauser AG

        7.8. Krohne Messtechnik GmbH

        7.9. General Electric Co.

        7.10. Sierra Instruments Inc.

    List of Tables

    TABLE 1: Snapshot: Global Flow Meters Market

    TABLE 2: North America Flow Meters Market, Revnue Forecast, By Application,2014-2021

    TABLE 3: North America Flow Meters Market, Revnue Forecast, By Product Type, 2014-2021

    TABLE 4: North America Flow Meters Market, Revnue Forecast, By Country, 2014-2021

    TABLE 5: Europe Flow Meters Market, Revnue Forecast, By Application, 2014-2021

    TABLE 6: Europe Flow Meters Market, Revnue Forecast, By Product Type, 2014-2021

    TABLE 7: Europe Flow Meters Market, Revnue Forecast, By CountryType, 2014-2021

    TABLE 8: Asia Pacific Flow Meters Market, Revnue Forecast, By Application, 2014-2021

    TABLE 9: Asia Pacific Flow Meters Market, Revnue Forecast, By Product Type, 2014-2021

    TABLE 10: Asia Pacific Flow Meters Market, Revnue Forecast, By Country, 2014-2021

    TABLE 11: RoW Flow Meters Market, Revnue Forecast, By Application, 2014-2021

    TABLE 12: RoW Flow Meters Market, Revnue Forecast, By Product Type, 2014-2021

    TABLE 13: RoW Flow Meters Market, Revnue Forecast, By Country, 2014-2021

    List of Figures

    FIG.1: Market Segmentation of Flow Meters

    FIG.2: Market Share of Key Players

    FIG.3: Market Attractiveness Analysis, by Application, 2014

    FIG.4: By product type:Overview

    FIG.5: Global Magnetic Flow Meter Market, 2014-2021: Revenueforecast, by Product Type

    FIG.6: Global Coriolis Flow Meter Market, 2014-2021, (USD billion)

    FIG.7: Global Ultrasonic Flow Meters Market, 2014-2021, (USD billion)

    FIG.8: Global Turbine Flow Meters Market, 2014-2021, (USD billion)

    FIG.9: Global Vortex Flow Meters Market, 2014-2021, (USD billion)

    FIG.10: Global Others Flow Meters Market, 2014-2021, (USD billion)

    FIG.11: By Application:Overview

    FIG 12: By Application: Revenue Share

    FIG.13: Global Energy Management Flow Meters Market, By Application, 2014-2021,Revenue Forecast

    FIG 14: Global Water Management Flow Meters Market, By Application, 2014-2021,Revenue Forecast

    FIG 15: Global Food Process Flow Meters Market, By Application, 2014-2021,Revenue Forecast

    FIG.16: Global Oil and Gas Flow Meters Market, By Application, 2014-2021,Revenue Forecast

    FIG.17: Global Others Flow Meters Market, By Application, 2014-2021,Revenue Forecast

    FIG.18: By Region:Overview

    FIG.19: By Region:Revenue Share

    FIG.20: North America Flow Meters Market, 2014-2021, (USD billion)

    FIG.21: Europe Flow Meters Market, 2014-2021, (USD billion)

    FIG.22: Asia Pacific Flow Meters Market, 2014-2021, (USD billion)

    FIG.23: Rest of the World Flow Meters Market, 2014-2021, (USD billion)

    FIG.24: ABB Ltd. Annual Revenue, 2012 – 2014 (USD billion)

    FIG.25: Siemens AG. Annual Revenue 2012 – 2014, (USD billion)

    FIG.26: Badger Meter Inc. Annual Revenue 2012-2014, (USD billion)

    FIG.27: Endress + Hauser AGAnnual Revenue 2012-2014, (USD billion)

    FIG.28: General Electric Co.. Annual Revenue 2012-2014, (USD billion)

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Flow Meters Market

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