Flow Meters Market Size, Share, Industry Research Report, 2018-2025 (Includes Business Impact of COVID-19)

  • TBI251292
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                          

Abstract, Snapshot, Market Analysis & Market Definition: Global Flow Meters Market

The global flow meters market size was valued at USD 6.6 billion in 2016 and is anticipated to exhibit a CAGR of 5.98% from 2017 to 2025. Rising demand for flow rate measurement in water and wastewater management applications across the globe is expected to drive market growth over the forecast period. Adoption of flow rate measurement technologies and instruments is also likely to gain traction in other sectors, such as oil and gas, pulp and paper, food and beverage, and power generation. Adoption of these meters is expected to be particularly significant in the oil and gas and chemicals and petroleum refinery sectors owing to recent detection of shale gas reserves in North America, Europe, and Asia Pacific. Incumbents in the market for flow meters are particularly targeting the oil and gas sector and investing aggressively to offer innovative products and solutions to measure flow rate of liquids, gases, and vapors. Demand for intelligent meters is expected to increase over the forecast period owing to integration of IoT, which has led to introduction of smart flow rate measurement solutions. The magnetic segment accounted for the largest share in 2017, with ultrasonic and Coriolis segments anticipated to witness high growth over the forecast period. Europe held the largest market share in 2016 owing to significant presence of key market players and solution providers. The Asia Pacific market is poised to be exhibit the fastest growth rate over the forecast period, particularly due to rapid urbanization that is triggering the need for adequate power generation and water and wastewater management. However, unskilled labor, lack of understanding pertaining to operational processes of smart flow meters, and high initial costs associated with these advanced products are factors likely to threaten market growth. Similarly, lack of adequate calibration facilities in MEA, coupled with political instability in the region, will adversely impact the region’s growth.

Market Segmentation, Outlook & Viewpoint: Global Flow Meters Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Differential Pressure (DP) Positive Displacement (PD) Magnetic Ultrasonic Coriolis Turbine Vortex Others Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Water & Wastewater Oil & Gas Chemicals Power Generation Pulp & Paper Food & Beverage Others

Key Players, Recent Developments & Regional Insights: Global Flow Meters Market

Based on product, the market has been segmented into differential pressure (DP), positive displacement (PD), magnetic, ultrasonic, Coriolis, turbine, vortex, and others. The others segment comprises variable area, thermal, and multiphase. Magnetic flow meters have further been classified into wired and wireless. Differential pressure (DP) and positive displacement (PD) meters happen to be conventional products, whereas, magnetic flow meters are an ideal choice for liquid flow measurement in sectors such as pulp and paper, petrochemicals, food and beverage, and chemicals and petroleum refinement. This is owing to their reliability, accuracy, and cost-effectiveness. Hence, the magnetic segment is expected to gain a significant share in the flow meter market over the forecast period. Product innovations, such as two-wired and clamp-up meters and wireless magmeters, have created additional opportunities for magnetic flow meters, particularly in the power generation, water and wastewater management, and oil and gas applications. Integration of IoT in the product category has led to introduction of smart flow rate measurement solutions. As a result, ultrasonic and Coriolis smart meters are also being increasingly adopted for various industry applications. The Coriolis segment is expected to register the highest CAGR over the coming years. Application Insights Based on application, the market has been segmented into oil and gas, power generation, water and wastewater, chemical, pulp and paper, food and beverage, and others. The water and wastewater segment is poised to witness strong growth over the forecast period owing to rapid urbanization. The Asia Pacific regional market is expected to report a high demand for flow meters in water and wastewater management applications. Countries such as China, India, and those in Southeast Asia are witnessing rapid urbanization and industrial development, which has triggered the need for adequate power generation, water supply, and wastewater treatment. Therefore, the power generation and water and wastewater segments are anticipated to grow significantly over the forecast period. In North America and Europe, flow meters are expected to be increasingly deployed in the power generation sector owing to presence of a mature and developed industrial sector. Development of shale gas reserves is also expected to boost demand for these meters in oil and gas and chemical and petroleum refinement sectors. In Middle East and Africa, a mature oil and gas sector is creating lucrative opportunities for flow rate measurement solutions. Flow meters are likely to be particularly deployed for upstream and downstream processes, custody transfer, measurement of flow rate of liquid hydrocarbons, and other refinery applications falling under the oil and gas and chemicals sectors.

Regional Insights

Based on region, the market has been segmented into North America, Asia Pacific (APAC), Europe, MEA, and South America. The North American region is home to developed economies such as U.S. and Canada. Some of the prominent market players, such as General Electric; Emerson Electric Corporation; and Honeywell International Inc., are based in the region. These companies are focusing on strategic expansions via mergers and acquisitions as well as innovative product launches. In Europe, these meters are particularly adopted for water and wastewater management. Demand for magnetic, ultrasonic, and Coriolis products for water and wastewater management is particularly expected to increase in the region. Europe is home to numerous manufacturers and providers of flow rate measurement products and solutions, such as Endress+Hausar AG (Germany), Diehl Metering Germany, KROHNE Messtechnik, and ABB. As a result, the Europe market accounted for the largest share in 2016 and is expected to grow consistently over the forecast period. In APAC, demand for flow meters is anticipated to grow remarkably over the forecast period, particularly for water and wastewater management, in line with rapidly growing urbanization. As such, the ultrasonic and Coriolis segments are likely witness significant growth over the forecast period. The market in India is anticipated to escalate significantly over the forecast period owing to need arising from water and wastewater management, on the heels of rapid urbanization in the country. A few leading industry participants are based in Asia Pacific; vendors such as Yokogawa Electric Corporation, Toshiba, Tokyo Keiso Co., Ltd., and Tianjin Yihuan Automatic Instrument Technology Co., Ltd. are based in China and Japan. In MEA, oil and gas and petroleum and chemicals sectors are among leading adopters of flow meters. Stream rate measurement solutions are particularly crucial for the oil and gas sector. Flow Meter Market Share Insights Key industry participants include ABB (Asea Brown Boveri) Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric (GE) (U.S.), KROHNE Messtechnik (Germany), Höntzsch GmbH (Germany), and Siemens AG (Germany). Industry players are constantly investing in R&D to develop differentiated products and stay ahead of the competition.

Key Insights Covered: Global Flow Meters Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Flow Meters industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Flow Meters industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Flow Meters industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Flow Meters industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Flow Meters industry.

Research Methodology: Global Flow Meters Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data SourcesChapter 2 Executive Summary
2.1 Summary
     2.1.1 Key Industry Trends
     2.1.2 Custody Transfer
     2.1.3 Recovery of Oil & Gas Sector and Flow Meter Market Trends
2.2 History and Evolution of Flow Meters
2.3 Installation Procedures and Standardization Norms of Flow Meters In Different Application Sectors
     2.3.1 Installation
     2.3.2 Standards
2.4 Flow Meter Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025Chapter 3 Industry Outlook
3.1 Marke
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