Global Flow Meter Market

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

Report ID: SQMIG20D2184 | Region: Global | Published Date: November, 2024
Pages: 260 | Tables: 77 | Figures: 75

Flow Meter Market News

  • In January 2021, Analytical Technology, Inc., a privately held provider of water quality monitoring systems, has agreed to be acquired by Badger Meter, Inc. The company, headquartered in Pennsylvania, USA, was founded in 1992 and specializes in the design, manufacture, and distribution of water quality instruments based on electrochemical and optical sensors. This expansion will help Badger Meter, Inc. expand its product portfolio in the water and wastewater industries.
  • In January 2021, KROHNE, a manufacturer of industrial process instrumentation in the United Kingdom, announced the supply of KROHNE OPTIMASS 6400 Coriolis mass flow meter for measuring purified water used in COVID-19 vaccine production processes. The meter will also serve as a master meter, against which all other production process flow meter will be validated.
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Flow Meter Market size was valued at USD 7.7 billion in 2022 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.(Arcline Investment Management) ', 'Sierra Instruments, Inc. (TASI Group) ', 'Teledyne Technologies Inc. ', 'Vogtlin Instruments GmbH (TASI Group) ', '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 global 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 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.

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Global Flow Meter Market

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