Research Reports

Miscellaneous

icon
Home » Reports » Ultrasonic Flow Meter Market Global Demand Analysis Opportunity Outlook 2024
Market Research Report

Ultrasonic Flow Meter Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 12:43 AM, 20th April, 2018 REP-ID-406 Category: Miscellaneous

Ultrasonic Flow Meter Market Overview

An ultrasonic flow meter, also known as non-intrusive doppler flow meter, is used to measure the velocity of fluids flowing in a pipe. Ultrasonic flow meter uses sound wave as a medium to measure the velocity of the fluid. However, ultrasonic flow meter can’t be used to measure of drinking water or distilled water as ultrasonic flow meter requires bubbles or particulates in the flow. Ultrasonic flow meter is used in many industries such as oil & gas, water and wastewater, power generation, food and other industries.

Market Size & Forecast

Global ultrasonic market is anticipated to grow at a remarkable compound annual growth rate (CAGR) of 7.1% over the forecast period 2017-2024. Further, global ultrasonic flow meter market stood at valuation of around USD 6.2 Billion by the end of 2016 and is expected to reach at a valuation of around USD 8.8 Billion by the end of year 2024.

In terms of region, global ultrasonic flow meter market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Europe accounted for the largest market in ultrasonic flow meter and is estimated to capture 30% share of the overall global ultrasonic flow meter market share in 2016. Furthermore, Asia Pacific region is projected to grow at modest compound annual growth rate (CAGR) of 5.6% over the forecast period. Development of new oil & gas industries and increasing demand for power and industrialization in developing economies of Asia Pacific region are some major of the factors which have propelled the demand for ultrasonic flow meter in this region.

ultrasonic flowmeter market

Middle East & Africa region is anticipated to witness a remarkable growth in near future owing to development of new oil & gas refineries in is expected to impel the demand for ultrasonic flow meter in this region.

Market Segmentation

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

By Product

  • Wall Mount Ultrasonic Flow Meter
  • Handheld Ultrasonic Flow Meter
  • In-Line Ultrasonic Flow Meter
  • Ultrasonic Doppler Flow Meter
  • Clamp-On Ultrasonic Flow Meter
  • Portable Ultrasonic Flow Meter

By Number of Paths

  • 3-Path Transit time
  • 4- Path Transit time
  • 5- Path Transit time
  • 6 or More Path Transit Time

By Application

  • Oil & Gas
  • Water & Wastewater
  • Power Generation
  • Chemical
  • Food & Beverage
  • Pharmaceutical
  • Metals and Mining
  • Pulp & Paper

By Region

Global ultrasonic flow meter market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers & Challenges

Development of innovative ultrasonic flow meters is a key reason which is driving the growth of global ultrasonic flow meter market. Additionally, the manufacturers of ultrasonic flow meter are developing advanced ultrasonic flow meter such as hybrid ultrasonic flow meters, portable ultrasonic flow meter and other such products. Further, this development of advanced ultrasonic technologies is expected to foster the growth of global ultrasonic flow meter market in near future.

Developing countries such as India, China, Brazil and Russia are witnessing rapid developments such as urbanization, industrialization and power sector. Such developments include the development of new oil & gas refineries, chemical industries and power generation are anticipated to increase the demand for ultrasonic flow meter in near future. Furthermore, development of new water & wastewater industries is expected to fuel the demand for ultrasonic flow meter. This rising demand of ultrasonic flow meter in water and wastewater industries can be attributed to need of ultrasonic flow meter to determine the characteristics of water flowing through the pipelines of water & wastewater industries.

However, availability of alternative technologies in flow meter sector and rising adoption of modern flow meters over traditional flow meters is expected to hamper the growth of global ultrasonic flow meter market in near future.

Key Players

  • Asea Brown Boveri Ltd.
    • Company Overview
    • Key Product Offering
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Badger Meter Inc.
  • Emerson Electric Co.
  • Emerson Process Management
  • Faure Herman SA
  • General Electric
  • Hach/Marsh McBirney Inc.
  • Honeywell International Inc.
  • Index Corporation
  • Invensys Process Systems
  • Rockwell Automation Inc.
  • Siemens AG
  • Teledyne Isco Inc.
  • Yamatake Co.
  • Yokogawa Electric Co.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global ultrasonic flow meter market is segmented as follows:

  • By Product  Market Size & Y-O-Y Growth Analysis
  • By Number of Paths Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

 

 

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

RELATED REPORTS

Ask The Analyst

Delivery Center

Ansal Corporate Park, Plot no 7A/1,
Tower A1,
Sector 142 Noida., 201301 India
info@researchnester.com

US Office

77 Water Street 8th Floor,
New York, New York, 10005
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2018 Research Nester. All rights reserved

Top