Global Flow Meter Market to Grow at 5.4% During 2024-2032, Impelled by Escalating Demand from End Use Industries

January 04, 2022 | Heavy Industry

According to the latest report by IMARC Group, titled “Flow Meter Market Report by Product Type (Analog Flow Meter, Smart Flow Meter), Application (Residential, Industrial, Commercial), and Region 2024-2032,” the global flow meter market size reached US$ 8.7 Billion in 2023. A flow meter refers to an instrument that is used for measuring the nonlinear, volumetric, linear, and mass flow rate of a gas or liquid. The main components of flowmeters include transmitters, transducers, and a primary device. The fluid passes through the primary device, which is further sensed by the transducer. After this, the transmitter generates a usable flow signal from the original transducer signal. At present, flow meters are available in several variants, which include open channel, optical, velocity, differential pressure, mass, positive displacement, and mechanical flowmeters. These variants offer distinct characteristics that are ideal for different applications across the metallurgy, home energy, pharmaceuticals, petrochemicals, paper and pulp, and building industries.

Global Flow Meter Market Trends:

The increasing product utilization across diverse industry verticals, such as the automotive, manufacturing, oil and gas, medical, and wastewater industries, is primarily driving the demand for high-quality flow meters. The rising establishment of manufacturing facilities in developing countries, including India and China, is further fueling the global flow meter market growth. Other than this, the emergence of Industry 4.0 has led to a shift toward customization and automation, which has increased the demand for intelligent controlling and monitoring tools and technologies, such as flow meters. Moreover, governments of various countries have been implementing newer regulations for industries to effectively treat the water prior to discharging it into water bodies, which, in turn, is creating a positive outlook for the market. Looking forward, the market is projected to grow at a CAGR of 5.4% during the forecast period (2024-2032).

Market Summary:

  • On the basis of the product type, the market has been bifurcated into analog and smart flow meters. Amongst these, analog flow meters represent the largest segment.
  • Based on the application, the market has been segregated into residential, industrial, and commercial. At present, flow meters are mostly used in the residential sector.
  • On a regional basis, the market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Currently, Asia Pacific accounts for the largest share in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being ABB Group, Emerson Electric Co., Siemens AG, Schneider Electric SE, and Saison Information Systems Co., Ltd.


Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered ABB Group, Emerson Electric Co., Siemens AG, Schneider Electric SE and Saison Information Systems Co., Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


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Global Flow Meter Market to Grow at 5.4% During 2024-2032, Impelled by Escalating Demand from End Use Industries
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