Global Ultrasonic Flow Meter Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Ultrasonic Flow Meter Market 2021 (Includes Business Impact of COVID-19)
Global Ultrasonic Flow Meter Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global ultrasonic flow meter market report has been segmented on the basis of implementation type, measurement technology, number of path, end user, and region.
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The global Ultrasonic Flow Meter market size was valued at USD$1.6 billion in 2020 and is projected to reach $ 3.0 billion by 2030, and is anticipated to expand at a CAGR of 6.5% over the forecast period from 2020 to 2030.


Global Ultrasonic Flow Meter Market: Overview


Ultrasonic flow meter is a flow meter that uses ultrasonic transducers to calculate the velocity of flowing fluid. It is used in various industries such as oil & gas, mining & metals, pulp & paper, power generation, etc.


Global Ultrasonic Flow Meter Market: Dynamics


Rising demand for ultrasonic flow meter in various end-use industries such as oil & gas, water & wastewater, etc. owing to accurate and precise measurement is a major factor expected to augment growth of the global ultrasonic flow meter market in the years to come. Additionally, rising demand for hybrid ultrasonic flow meter in order to measure gaseous liquids and solids-bearing is another factor expected to proliferate growth of the potential market. Moreover, increasing R&D and infrastructural activities, growing import-export, and enhancing existing oil & gas fields are factors expected to support revenue growth of the target market in the next coming years.

However, high initial cost and inaccurate measurements while vertical flow line are factors which may hamper demand for ultrasonic flow meter and restrain growth of the target market.

Increasing R&D and adoption of novel technologies for efficient flow meter is a factor expected to create new opportunities for manufacturers operating in the target market.


Global Ultrasonic Flow Meter Market: Segment Analysis


Among the implementation type segments, the clamp-on segment is expected to register highest growth in terms of value in the target market, owing to its flow measurement without any interruption. Among the measurement technology segments, the transit-time segment is expected to account for highest revenue share in the target market, owing to its precise and bi-directional flow measurement.

Among the number of path segments, the 3 & above path transit-time segment is expected to register significant revenue growth in the next coming years. Among the end user segments, the oil & gas segment is projected to register significant share in terms of revenue in the target market. Increasing demand for ultrasonic flow meter in oil & gas industry for precise accuracy measurement of flow required in transfer applications is a factor expected to drive growth of the segment market.


Global Ultrasonic Flow Meter Market: Region Analysis


The ultrasonic flow meter market in Asia Pacific is expected to register major revenue share in the target market and projected to grow at a rapid rate in the target market in the next 10 years. This dominance is attributable to increasing industrialization, coupled with growing energy and power generation, industrial, water treatment, and other industries, and government initiatives in various industries in developed as well as developing countries. The North America market is expected to account for moderate revenue growth in the target market. Increasing demand for ultrasonic flow meter in various industries such as oil & gas, water & wastewater, etc. and presence of major manufacturers in countries in the region. The Europe ultrasonic flow meter market is projected to register moderate growth rate in the global ultrasonic flow meter market.


Below are the active patents related to Ultrasonic Flow Meter Market.


Patent Number: US8489342B2

Methods and apparatus for fluid flow measurement

Abstract

A fluid flow meter estimates the velocity of water or another fluid flowing through pipe by comparing measurements of the water velocity to one or more pre-determined templates. The fluid flow meter may collect measurement signals from one or more flow sensors (e.g., ultrasonic transducers), estimate the fluid velocity or flow rate by comparing the measurement signals to the template(s), and either store the comparison results in local memory, transmit the results to a remote memory or server, or both. In some embodiments, the fluid flow meter transmits the results to a server via a wireless interface (e.g., a Zigbee, Bluetooth, or Wi-fi interface). The transducers and processing system can be powered by a battery, a power line, or, for manifolds installed outdoors, a solar cell. Example transducers and processing systems may also have a passive wake-up feature for power reduction; that is, they may only draw power when water or another fluid flows through the pipe.

Application File Date: 2012-11-30

Application Granted Date: 2013-07-16

Current Assignee: Reliance Worldwide Corp

Patent Number: US9714855B2

Ultrasonic water meter

Abstract

An ultrasonic flow meter device includes a piping arrangement, at least two ultrasonic transducers, and at least two reflective elements. The piping arrangement includes a fluid passage extending through a tubular body. The at least two ultrasonic transducers are configured to generate and/or receive an ultrasonic sound wave and the at least two reflective elements are configured to direct the ultrasonic sound wave through a fluid passage in a measurement section of the piping arrangement between the at least two ultrasonic transducers in a travel path that is substantially Z-shaped. A width of the fluid passage in the measurement section is less than the width of the fluid passage at the ends of the tubular body, but the cross-sectional area of the fluid passage in the measurement section is the same as the cross-sectional area of the fluid passage at the ends of the tubular body.

Application File Date: 2016-01-18

Application Granted Date: 2017-07-25

Current Assignee: Arad Ltd

Patent Number: US7658114B1

Ultrasonic flow meter

Abstract

In one embodiment, an ultrasonic flow meter is provided for measuring a flow rate of a medium flowing through a conduit, the ultrasonic flow meter comprising two ultrasonic emitters and two ultrasonic receivers mounted to the conduit. The flow rate is determined based on a first time interval of a first ultrasonic signal traveling from the first ultrasonic emitter to the first ultrasonic receiver, and a second time interval of a second ultrasonic signal traveling from the second ultrasonic emitter to the second ultrasonic receiver. In some embodiments, the first and second ultrasonic signals travel in a downstream direction with respect to the flow. In other embodiments, the first ultrasonic signal travels along a first transmission path that forms a first angle between the first transmission path and the flow direction, while the second ultrasonic signal travels along a second transmission path that forms a second and different angle between the second transmission path and the flow direction.

Application File Date: 2008-11-17

Application Granted Date: 2010-02-09

Current Assignee: Baker Hughes Inc

Global Ultrasonic Flow Meter Market Segmentation:

Segmentation on the Basis of Implementation Type:

  
Inline
  
Clamp-On
  
Insertion

Segmentation on the Basis of Measurement Technology:

  
Transit-time
  
Doppler
  
Hybrid

Segmentation on the Basis of Number of Path:

  
1 Path Transit-time
  
2 Path Transit-time
  
3 & Above Path Transit-time

Segmentation on the Basis of End User:

  
Water & Wastewater
  
Power Generation
  
Oil & Gas
  
Others (metals and mining, pulp & paper, pharmaceuticals, etc.)


Key Market Players included in the report:


  
ABB Ltd.
  
Badger Meter (US)
  
Baker Hughes Company
  
Bronkhorst (Netherlands)
  
Cameron Measurement Systems
  
CMC Technologies (Australia).
  
Danfoss (Denmark)
  
EESIFLO (Czech Republic)
  
ELIS PLZEN AS
  
Emerson Electric Corporation
  
em-tec GmbH
  
Endress+Hauser Management AG
  
Faure Herman
  
Fuji Electric (Japan)
  
General Electric
  
Hitachi High-Tech Corporation
  
Honeywell International Inc.
  
HÖNTZSCH GMBH & CO. KG
  
Katronic (UK)
  
KROHNE (Germany)
  
Krohne Messtechnik Gmbh
  
Schneider Electric.
  
Siemens (Germany)
  
Spectris PLC.
  
Teledyne (US)
  
Titan Enterprises Ltd
  
Yokogawa Electric Corporation


Below are the key development related to Ultrasonic Flow Meter Market in 2020 and 2021.


July 2021: Emerson (NYSE: EMR) announced an agreement to sell its Daniel Measurement and Control Business to Turnspire Capital Partners. Daniel’s ultrasonic flowmeter and fiscal transfer system businesses are not included in the transaction. Source

February 2020: Endress+Hauser Launches Proline Prosonic Flow G 300/500 Ultrasonic Flowmeter. Endress+Hauser launches the Proline Prosonic Flow G 300/500 flowmeter. The Prosonic Flow G can be supplied with either of two different transmitters: as a compact version (Proline 300), or as a remote version (Proline 500) with up to four inputs and outputs. These inputs and outputs provide flexibility with the ability to output not only flow, but also pressure, temperature, and numerous other process variables. This flowmeter is ideal for demanding applications, measuring both dry and wet gases with high precision (±0.5%), unmatched repeatability, and high reliability—even when process and ambient conditions fluctuate significantly. Robust industrial design makes it possible to operate the flowmeters long term without maintenance, saving time and money. The meter operates at process temperatures up to 150 °C (302 °F) and pressures up to 100 bar (1450 psi) and can be ordered with built-in pressure and temperature sensors. The input from these sensors can be combined with the measured sound velocity to calculate additional gas properties, often important for process control. Source

April 2017: Badger Meter Signs Agreement to Acquire D-Flow Technology AB of Luleå, Sweden. Strengthens position in ultrasonic flowmeter market. Badger Meter, Inc. (NYSE: BMI) announced it has signed a definitive agreement to acquire D-Flow Technology AB of Luleå, Sweden, for approximately $23 million in cash. D-Flow Technology is a knowledge-based company specializing in ultrasonic technology, primarily for flow measurement. Source