Flow Meters Market Size & Share, by Type (Insertion, Inline), End-user (Chemicals, Pharmaceuticals, Food & Beverage) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5102
  • Published Date: Jul 22, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 – 2035

Flow Meters Market size is anticipated to reach USD 20 billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of flow meters was around USD 10 billion. Flow meters are devices used to measure the rate of flow of a liquid or gas through a pipe or conduit. They are widely used in various industries, including water and wastewater management, chemical processing, food and beverage, and many others. The flow meter market has been growing steadily over the years owing to increasing industrialization across the globe.

Additionally, advancements in sensor technology, wireless communication, and the Internet of Things (IoT) have led to the development of smart flow meters that offer enhanced functionality and connectivity. Wireless communication has had a significant impact on the flow meters market, enabling enhanced functionality, improved data accessibility, and streamlined monitoring and control processes. The integration of wireless communication technology into flow meters has brought several benefits and has driven market growth in recent years.


Flow Meter Market
Get more information on this report: Request Free Sample PDF

Flow Meters Sector: Growth Drivers and Challenges

Growth Drivers

  • Need for Energy Efficiency: Flow meters help in energy management and efficiency by accurately measuring flow rates and optimizing energy consumption in HVAC systems, power generation plants, and other energy-intensive applications. According to the International Energy Agency (IEA), energy efficiency measures could deliver more than 40% of the emissions reductions required to achieve global climate goals.
  • Growing Chemical Industry: The chemical industry relies on precise flow measurement for various processes, including dosing, blending, and batching. As the chemical sector continues to expand, the demand for flow meters is expected to rise.
  • Oil and Gas Industry: Flow meters are extensively used in the oil and gas industry for measuring flow rates in pipelines, refineries, and production facilities. The growing demand for oil and gas worldwide is driving the need for accurate flow measurement devices.

Challenges

  • Accuracy and Calibration: Achieving and maintaining accurate flow measurements can be challenging due to factors such as fluid properties, flow disturbances, and meter calibration. Ensuring proper calibration and accuracy is essential for reliable flow measurement, and any deviations can result in measurement errors and compromised process efficiency.
  • Fluid Characteristics
  • Cost and Return on Investment

Flow Meters Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~8%

Base Year Market Size (2022)

~ USD 10 Billion

Forecast Year Market Size (2035)

~ USD 20 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa
Get more information on this report: Request Free Sample PDF

Flow Meters Segmentation

Type (Insertion Flow Meters, Inline Flow Meters)

The insertion flow meters segment is estimated to gain the largest market share of 60 % in the year 2035. Some insertion flow meters offer multiparameter measurement capabilities, allowing for the simultaneous measurement of parameters such as flow rate, temperature, and pressure. This provides comprehensive data for process monitoring and control. The ability to retrofit insertion flow meters into existing pipelines is a significant driver for their adoption. Industries looking to upgrade their flow measurement capabilities can easily install insertion flow meters without the need for significant infrastructure changes or pipe cutting.

End User (Chemicals, Pharmaceuticals, Food & Beverage)

The pharmaceuticals segment is expected to garner a significant share in the year 2035. The production of biopharmaceuticals, including vaccines, antibodies, and therapeutic proteins, is expanding. Biopharmaceutical manufacturing often requires precise flow measurement for critical processes like cell culture, fermentation, and purification. The global pharmaceutical market has been experiencing growth over the years due to various factors like population growth, increasing healthcare needs, and advancements in medical treatments. This growth drives the demand for flow meters in pharmaceutical manufacturing processes.

Our in-depth analysis of the global market includes the following segments:

          Type

  • Insertion Flow Meters
  • Inline Flow Meters

          End User

  • Chemicals
  • Pharmaceuticals
  • Food & Beverage

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Flow Meters Industry – Regional Synopsis

APAC Market Forecast

The flow meters market in the Asia Pacific region is projected to hold the largest market share of 35% by the end of 2035. The Asia Pacific region is witnessing significant growth in the energy and power sector, including conventional power plants as well as renewable energy installations. The Asia Pacific is the largest consumer of energy globally, accounting for 47% of the world's total primary energy consumption in 2020. The chemical and petrochemical industries in the Asia Pacific region are expanding due to rising demand for chemicals, plastics, and refined petroleum products.

North American Market Statistics

The flow meters market in the North America region is projected to hold a tremendous share during the forecast period. North America has been witnessing a growing emphasis on industrial automation across various sectors, and industries such as warehouse-automation. Flow meters play a vital role in automated processes by providing accurate and reliable flow measurements, contributing to improved efficiency, productivity, and process control. North America has stringent regulatory requirements for environmental protection and resource management. Flow meters help industries comply with regulations related to emissions, wastewater management, and energy conservation. The demand for flow meters is driven by the need to monitor and control flow rates for regulatory compliance and environmental sustainability in the region.

Research Nester
Flow Meter Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Flow Meters Landscape

top-features-companies

    Key Players

    • Emerson Electric Co.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Siemens AG
    • ABB Ltd.
    • Honeywell International Inc.
    • Endress+Hauser Group
    • Yokogawa Electric Corporation
    • Krohne Group
    • Badger Meter, Inc.
    • Schneider Electric SE
    • IDEX Corporation

In-the-news

In The News

  • Emerson Electric Co.: In 2021, Emerson Electric Co. expanded its flow meter offerings with the release of the Micro Motion 4200 2-wire Coriolis flow meter. This new product is designed to provide accurate and reliable flow measurement in a wide range of applications, including liquids, slurries, and gases.
  • Siemens AG: Siemens AG, a global technology and engineering company, has been focusing on digitalization and industrial automation solutions. In the context of flow meters, Siemens has been developing advanced digital flow measurement technologies to improve process control and efficiency across various industries.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5102
  • Published Date: Jul 22, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for oil and gas is the major factor driving the market growth.

The market size of flow meters is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Emerson Electric Co., Siemens AG, ABB Ltd., Honeywell International Inc., Endress+Hauser Group, Yokogawa Electric Corporation, Krohne Group, Badger Meter, Inc., Schneider Electric SE, IDEX Corporation., and others.

The pharmaceuticals segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Flow Meters Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying