What is the global market size of Flow Meter Market?

Flow Meter Market size was valued at USD 7.7 billion in 2021 and is poised to grow from USD 8.18 billion in 2022 to USD 14.05 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).

Flow Meter Companies

Q: Which region accounted for the largest share in Global Flow Meter Market?

The global flow meter market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. During the forecast period, Asia Pacific is expected to be the largest and fastest-growing region for the flow meter market. In 2020, China dominated the Asia Pacific flow meter market. The country's flow meter market is expanding due to increased demand from the oil and gas, water and wastewater, chemical, power generation, metals and mining, and other industries. In Asia Pacific, there is a growing demand for metering water consumption, reducing leakage, and dosing water treatment chemicals. As a result, demand for flow meter is expected to rise during the forecast period.

Flow Meter Market Competitive Landscape

Flow Meter Market Top Company Profiles

Emerson Electric Co.
Honeywell International Inc.
Siemens AG
ABB Ltd.
Yokogawa Electric Corporation
KROHNE Messtechnik GmbH
Endress+Hauser AG
Schneider Electric SE
Azbil Corporation
Badger Meter, Inc.
Brooks Instrument LLC
Danfoss A/S
General Electric Company
Hitachi, Ltd.
Omega Engineering, Inc.
Sierra Instruments, Inc.
Teledyne Technologies Inc.
Vogtlin Instruments GmbH
Weir Group plc
TSI Incorporated

Flow Meter Market

FAQs

Flow Meter Market size was valued at USD 7.7 billion in 2019 and is poised to grow from USD 8.18 billion in 2023 to USD 14.05 billion by 2031, growing at a CAGR of 6.2% in the forecast period (2024-2031).

The market leaders include Siemens AG, Honeywell International Inc., Yokogawa Electric Corporation, Emerson Electric Co., Keyence Corporation, and others. The market is highly fragmented and competitive because there is no dominant player. As a result, market concentration is low. Strategic collaborations have also been important in gaining access to the expanding market. For example, Badger Meter partnered with Westech Industrial in January 2021 to make Westech the authorised distributor of Badger's industrial metering technologies throughout Canada. 'Emerson Electric Co.', 'Honeywell International Inc.', 'Siemens AG', 'ABB Ltd.', 'Yokogawa Electric Corporation', 'KROHNE Messtechnik GmbH', 'Endress+Hauser AG', 'Schneider Electric SE', 'Azbil Corporation', 'Badger Meter, Inc.', 'Brooks Instrument LLC', 'Danfoss A/S', 'General Electric Company', 'Hitachi, Ltd.', 'Omega Engineering, Inc.', 'Sierra Instruments, Inc.', 'Teledyne Technologies Inc.', 'Vogtlin Instruments GmbH', 'Weir Group plc', 'TSI Incorporated'

The flow meter market is expected to be driven in part by a recovery in these key industries and their increasing demand for high-performance flow meter. The oil and gas and water and wastewater industries are the primary end-use industries for flow meter, driving the market. Flow meter are used in wastewater treatment to quantify the flow of water through the system. These applications necessitate flow meter with increased accuracy, control, reliability, performance, and compatibility with various monitoring technologies. The growing emphasis on water and wastewater treatment is increasing the use of flow meter. As a result, the demand for flow meter in water and wastewater treatment plants is increasing.

Flow meter technology has seen major trends such as digital signals for flow meters, multiple measurement formats, online diagnosis and troubleshooting, remote calibration and configuration, and smart sensors with online alerts. Technological advancements enabled the industry to develop appropriate solutions to complex operational problems through robust research and development. One of the market's revolutionary trends is the introduction of automated cleaning. This trend is primarily beneficial to industries such as water and wastewater management.

The flow meter market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. During the forecast period, Asia Pacific is expected to be the largest and fastest-growing region for the flow meter market. In 2020, China dominated the Asia Pacific flow meter market. The country's flow meter market is expanding due to increased demand from the oil and gas, water and wastewater, chemical, power generation, metals and mining, and other industries. In Asia Pacific, there is a growing demand for metering water consumption, reducing leakage, and dosing water treatment chemicals. As a result, demand for flow meter is expected to rise during the forecast period.

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Flow Meter Market Size, Share, Growth Analysis, By Type(Differential Pressure, Positive Displacement, Magnetic (In-line, Insertion), By End-user Industry(Water & Waste Water, Oil & Gas, Chemicals, Power Generation), By Region - Industry Forecast 2024-2031

Flow Meter Market Competitive Landscape

Flow Meter Market Report Snapshots

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Flow Meter Market Size, Share, Growth Analysis, By Type(Differential Pressure, Positive Displacement, Magnetic (In-line, Insertion), By End-user Industry(Water & Waste Water, Oil & Gas, Chemicals, Power Generation), By Region - Industry Forecast 2024-2031

Flow Meter Market Competitive Landscape

Flow Meter Market Report Snapshots

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Which region accounted for the largest share in Flow Meter Market?

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