Flow Meters Market is Expected to Grow at a CAGR 4.13% During the Forecast Period 2017-2022
Flow meters are used to measure volume, mass, nonlinear and linear flow rate of gas and fluid. They consist of a scale, indicator, tube, and stop. Flow meters’ performance depends on factors including density, pressure, viscosity of the liquid and temperature. Many products rely on factors produced by the flowing material to indirectly measure the flow The positive displacement meters measures the flow by collecting fixed volume of liquid and then it counts the number of times, volume is filled.
Flow meters are used to measure volume, mass, nonlinear and linear flow rate of gas and fluid. They consist of a scale, indicator, tube, and stop. Flow meters’ performance depends on factors including density, pressure, viscosity of the liquid and temperature. Many products rely on factors produced by the flowing material to indirectly measure the flow The positive displacement meters measures the flow by collecting fixed volume of liquid and then it counts the number of times, volume is filled.
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<strong>Flow</strong> <strong>Meters</strong> <strong>Market</strong> <strong>is</strong> <strong>Expected</strong> <strong>to</strong> <strong>Grow</strong><br />
<strong>at</strong> a <strong>CAGR</strong> <strong>4.13%</strong> <strong>During</strong> <strong>the</strong> <strong>Forecast</strong><br />
<strong>Period</strong> <strong>2017</strong>-<strong>2022</strong><br />
“Rapid industrializ<strong>at</strong>ion coupled with growing<br />
popul<strong>at</strong>ion globally are expected <strong>to</strong> drive <strong>the</strong> market<br />
demand of flow meters. R<strong>is</strong>ing popul<strong>at</strong>ion in emerging<br />
economies including China and India <strong>is</strong> expected <strong>to</strong><br />
increase w<strong>at</strong>er and wastew<strong>at</strong>er managing systems in<br />
<strong>the</strong>se regions and <strong>is</strong> <strong>at</strong>tributed as <strong>the</strong> key fac<strong>to</strong>r<br />
propelling <strong>the</strong> growth of market.”<br />
<strong>Flow</strong> meters are used <strong>to</strong> measure volume, mass, nonlinear and linear flow r<strong>at</strong>e of gas and fluid. They cons<strong>is</strong>t of a scale,<br />
indica<strong>to</strong>r, tube, and s<strong>to</strong>p. <strong>Flow</strong> meters’ performance depends on fac<strong>to</strong>rs including density, pressure, v<strong>is</strong>cosity of <strong>the</strong><br />
liquid and temper<strong>at</strong>ure. Many products rely on fac<strong>to</strong>rs produced by <strong>the</strong> flowing m<strong>at</strong>erial <strong>to</strong> indirectly measure <strong>the</strong> flow<br />
The positive d<strong>is</strong>placement meters measures <strong>the</strong> flow by collecting fixed volume of liquid and <strong>the</strong>n it counts <strong>the</strong> number<br />
of times, volume <strong>is</strong> filled.<br />
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Rapid industrializ<strong>at</strong>ion coupled with growing popul<strong>at</strong>ion globally are expected <strong>to</strong> drive <strong>the</strong> market demand of flow<br />
meters. R<strong>is</strong>ing popul<strong>at</strong>ion in emerging economies including China and India <strong>is</strong> expected <strong>to</strong> increase w<strong>at</strong>er and<br />
wastew<strong>at</strong>er managing systems in <strong>the</strong>se regions and <strong>is</strong> <strong>at</strong>tributed as <strong>the</strong> key fac<strong>to</strong>r propelling <strong>the</strong> growth of market. The
African and Middle East Middle regions are also expected <strong>to</strong> have potential growth r<strong>at</strong>e for <strong>the</strong> flow meter<br />
manufacturers. Oil & gas sec<strong>to</strong>r in <strong>the</strong>se regions cre<strong>at</strong>e an ample opportunity for innov<strong>at</strong>ive and modern devices.<br />
High investment in projects including petrochemicals, waste w<strong>at</strong>er management, and agriculture are expected <strong>to</strong> drive<br />
<strong>the</strong> market growth over <strong>the</strong> forecast period. <strong>Flow</strong> meters are extensively used in <strong>the</strong> above st<strong>at</strong>ed industries <strong>to</strong> control<br />
and manage <strong>the</strong> flow of w<strong>at</strong>er, chemicals, gases and o<strong>the</strong>r m<strong>at</strong>erials. They are also used for tre<strong>at</strong>ing during abstraction<br />
of w<strong>at</strong>er, w<strong>at</strong>er purific<strong>at</strong>ion, and d<strong>is</strong>charge of wastew<strong>at</strong>er in <strong>to</strong> w<strong>at</strong>er bodies. These meters help in quality control,<br />
revenue calcul<strong>at</strong>ion and environmental regul<strong>at</strong>ion.<br />
Demand in refining industries and petrochemicals are anticip<strong>at</strong>ed <strong>to</strong> be one of <strong>the</strong> important drivers for <strong>the</strong> market<br />
growth of flow meters. They are extensively applied in cus<strong>to</strong>dy transfer, gas flaring, interwell alloc<strong>at</strong>ion and produced<br />
waster d<strong>is</strong>charged. Advanced meters are expected <strong>to</strong> driving <strong>the</strong> market owing <strong>to</strong> enhanced performance and efficiency.<br />
Many end use segments are replacing obsolete devices with new and innov<strong>at</strong>ive devices which <strong>is</strong> expected <strong>to</strong> drive <strong>the</strong><br />
overall market growth. These smart meters are anticip<strong>at</strong>ed <strong>to</strong> be more accur<strong>at</strong>e and reliable in measurement<br />
Lack of expert technician can be considered as a major fac<strong>to</strong>r hindering <strong>the</strong> market growth. <strong>Flow</strong> meters need proper<br />
handling procedures and should be extremely accur<strong>at</strong>e while setting it <strong>to</strong> obtain best results. Absence of proper training<br />
and lack of knowledge among technicians <strong>to</strong> oper<strong>at</strong>e <strong>the</strong>se meters <strong>is</strong> expected <strong>to</strong> restrict <strong>the</strong> market over <strong>the</strong> forecast<br />
period. Lack of efficient and specialized equipment <strong>is</strong> also expected <strong>to</strong> decline <strong>the</strong> flow meters market. Exact calibr<strong>at</strong>ion<br />
of <strong>the</strong>se products <strong>is</strong> important as it confirms th<strong>at</strong> <strong>the</strong> measurement of flow meter <strong>is</strong> accur<strong>at</strong>e.<br />
On <strong>the</strong> bas<strong>is</strong> of product type, <strong>the</strong> global flow meters market has been segmented in<strong>to</strong> Coriol<strong>is</strong>, Magnetic, Ultrasonic<br />
flow meter, Vortex and Turbine flow meter. Magnetic <strong>is</strong> expected <strong>to</strong> have <strong>the</strong> largest market share in terms of revenue<br />
and position owing <strong>to</strong> its wide applic<strong>at</strong>ions including electrodes and w<strong>at</strong>er management. These meters possess auxiliary<br />
transducers installed <strong>to</strong> clean <strong>the</strong> electrodes in place.<br />
Coriol<strong>is</strong> flow meter <strong>is</strong> expected <strong>to</strong> witness a significant growth r<strong>at</strong>e over <strong>the</strong> forecast period and <strong>is</strong> estim<strong>at</strong>ed <strong>to</strong> surpass<br />
magnetic flow meter. These meters are extensively being used in refining & petrochemicals, oil & gas and chemicals<br />
owing <strong>to</strong> decrease in amount of time required <strong>to</strong> measure liquids.<br />
On <strong>the</strong> bas<strong>is</strong> of applic<strong>at</strong>ion type, <strong>the</strong> flow meters market has been segmented Energy management, Food process, W<strong>at</strong>er<br />
management, Oil and gas. Waste w<strong>at</strong>er management <strong>is</strong> expected <strong>to</strong> be <strong>the</strong> largest segment in <strong>the</strong> global market owing <strong>to</strong><br />
increasing demand for clean, potable, controlling and managing w<strong>at</strong>er flow. <strong>Grow</strong>ing concerns and government<br />
regul<strong>at</strong>ions on w<strong>at</strong>er management <strong>is</strong> expected <strong>to</strong> drive <strong>the</strong> market growth. Oil and gas sec<strong>to</strong>r <strong>is</strong> expected <strong>to</strong> witness a<br />
significant growth r<strong>at</strong>e over <strong>the</strong> next seven years. Increasing demand for efficient transport<strong>at</strong>ion and r<strong>is</strong>ing<br />
manufacturing facilities in Asia pacific <strong>is</strong> expected <strong>to</strong> steer <strong>the</strong> demand for flow meters in oil and gas sec<strong>to</strong>r.<br />
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Asia-Pacific <strong>is</strong> expected <strong>to</strong> be <strong>the</strong> key region in <strong>the</strong> global market owing <strong>to</strong> increasing investment in wastew<strong>at</strong>er<br />
management coupled with r<strong>is</strong>ing technological innov<strong>at</strong>ions and new product developments. Demand for high<br />
performance and efficient flow meters can also be <strong>at</strong>tributed as <strong>the</strong> major fac<strong>to</strong>r driving <strong>the</strong> market growth in th<strong>is</strong> region.
The key players in <strong>the</strong> market are Siemens AG , ABB Ltd., Badger Meter Inc., Yokogawa Electric Corp., Brooks<br />
Instrument LLC, Endress Hauser, and Sierra Instruments. O<strong>the</strong>r industry participants include General Electric, Azbil<br />
Corpor<strong>at</strong>ion, and KrohneMesstechnik.<br />
In April 2016, Intertek, a group of testing applic<strong>at</strong>ions has launched advanced Coriol<strong>is</strong> flow meter calibr<strong>at</strong>ion service,<br />
providing technical proficiency and cost efficiency savings <strong>to</strong> oil and gas cus<strong>to</strong>mers. Coriol<strong>is</strong> flow meters are expected<br />
<strong>to</strong> be one of <strong>the</strong> major reliable device <strong>to</strong> regul<strong>at</strong>e flow measurement and <strong>is</strong> widely being used in oil and gas flow<br />
measurement systems.<br />
<strong>Market</strong> Segment<br />
The global <strong>Flow</strong> <strong>Meters</strong> market <strong>is</strong> valued <strong>at</strong> 4757.78 million USD in 2016 and <strong>is</strong> expected <strong>to</strong> reach 6064.73 million<br />
USD by <strong>the</strong> end of <strong>2022</strong>, growing <strong>at</strong> a <strong>CAGR</strong> of <strong>4.13%</strong> between 2016 and <strong>2022</strong>.<br />
• Endress+Hauser Management AG<br />
• Emerson Electric<br />
• ABB Ltd.<br />
• Yokogawa Electric<br />
• Krohne Messtechnik GmbH<br />
• Honeywell Intern<strong>at</strong>ional<br />
• Siemens AG<br />
• Schneider Electric<br />
• Azbil Corpor<strong>at</strong>ion<br />
• Badger Meter<br />
• Chongqing Chunayi Au<strong>to</strong>m<strong>at</strong>ion<br />
• Kent Instrument<br />
• WELL TECH<br />
• Yihuan<br />
• Ripeness Sanyuan<br />
Geographically, th<strong>is</strong> report <strong>is</strong> segmented in<strong>to</strong> several key Regions, with Sales, consumption, revenue, market<br />
share and growth r<strong>at</strong>e of <strong>Flow</strong> <strong>Meters</strong> in <strong>the</strong>se regions, from 2012 <strong>to</strong> <strong>2022</strong> (forecast), covering
• North America<br />
• EU<br />
• China<br />
• Japan<br />
• Sou<strong>the</strong>ast Asia<br />
• India<br />
• South America<br />
• Middle East and Africa<br />
• Row<br />
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On <strong>the</strong> bas<strong>is</strong> of product, <strong>the</strong> <strong>Flow</strong> <strong>Meters</strong> market <strong>is</strong> primarily split in<strong>to</strong><br />
• Electromagnetic <strong>Flow</strong>meters<br />
• Vortex <strong>Flow</strong>meters<br />
• Coriol<strong>is</strong> mass flowmeters<br />
• Ultrasonic flowmeter<br />
• O<strong>the</strong>rs<br />
On <strong>the</strong> bas<strong>is</strong> on <strong>the</strong> end users/applic<strong>at</strong>ions, th<strong>is</strong> report covers<br />
• Oil Industry<br />
• Municipal W<strong>at</strong>er<br />
• Chemical Industry<br />
• Electricity Industry<br />
• O<strong>the</strong>rs
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