Market Overview:
The global flow meter market size reached US$7.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$11.2 Billion by 2027, exhibiting at a CAGR of 6.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A flow meter is defined as an instrument used for measuring the linear, nonlinear, mass and volumetric flow rate of a gas or liquid. The applications of this device are varied, owing to which it is designed according to the specific engineering requirements of end users. Presently, flow meters are majorly categorized as mass, velocity and positive displacement meters. Mass meters include Coriolis and thermal mass flow meters. Velocity flow meters consist of ultrasonic, paddle wheel, target, orifice plate, turbine, vortex, variable area, and venturi tube flow meters. Whereas, positive displacement meters mainly include oscillating piston, gear flow, piston, reciprocating piston, and oval-gear meters. The demand for improved flow meters has been escalating across the globe on account of rapid urbanization and the rising need for better water and wastewater management systems.
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Over the last few years, the flow meter industry has been witnessing significant growth, primarily on account of innovative product developments and expansion in application areas. Market players have substantially increased their spending on research and development (R&D) focused on the modernization of flow measurement instruments and sensor devices. Owing to this, there have been several technical improvements in the functioning of flow meters. Some of these advancements include online diagnosis and troubleshooting, remote calibration and configuration, wireless communication, improved installation management and application effects, multiple measurement formats, and embedded digital signals. These developments have made flow meters highly versatile, functional and reliable, owing to which they find applications across various end use sectors including the medical, automotive, HVAC, and process industries.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flow meter market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and application.
Breakup by Product Type:
- Analog Flow Meter
- Smart Flow Meter
Currently, analog flow meters represent the most popular product type. However, with the emergence of the Internet of Things (IoT), end users are shifting toward smart flow meters.
Breakup by Application:
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Residential
- Industrial
- Commercial
Amongst the above-listed applications, flow meters are mostly used in the residential sector.
Regional Insights:
To get more information on the regional analysis of this market, Request Sample
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific represents the biggest market for flow meters, accounting for the largest market share. The growth can be accredited to the large-scale deployment of these meters in the power generation sector.
Competitive Landscape:
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
- Saison Information Systems Co., Ltd.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| 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) |
Key Questions Answered in This Report:
- How has the global flow meter market performed so far and how will it perform in the coming years?
- What are the key regions in the global flow meter market?
- What has been the impact of COVID-19 on the global flow meter market?
- Which are the popular product types in the global flow meter market?
- What are the major application segments in the global flow meter market?
- What are the various stages in the value chain of the global flow meter market?
- What are the key driving factors and challenges in the global flow meter market?
- What are the import and export trends of the global flow meter market?
- What is the structure of the global flow meter market and who are the key players?
- What is the degree of competition in the global flow meter market?
- How are flow meters manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Flow Meter Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Product Type
6.1 Analog Flow Meter
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Smart Flow Meter
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Residential
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Industrial
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Commercial
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 Imports and Exports
9.1 Imports by Major Countries
9.2 Exports by Major Countries
10 Flow Meter Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 ABB Group
11.3.1.1 Company Overview
11.3.1.2 Description
11.3.1.3 Product Portfolio
11.3.1.4 Financials
11.3.1.5 SWOT Analysis
11.3.2 Emerson Electric Co.
11.3.2.1 Company Overview
11.3.2.2 Description
11.3.2.3 Product Portfolio
11.3.2.4 Financials
11.3.2.5 SWOT Analysis
11.3.3 Siemens AG
11.3.3.1 Company Overview
11.3.3.2 Description
11.3.3.3 Product Portfolio
11.3.3.4 Financials
11.3.3.5 SWOT Analysis
11.3.4 Schneider Electric SE
11.3.4.1 Company Overview
11.3.4.2 Description
11.3.4.3 Product Portfolio
11.3.4.4 Financials
11.3.4.5 SWOT Analysis
11.3.5 Saison Information System Co., Ltd.
11.3.5.1 Company Overview
11.3.5.2 Description
11.3.5.3 Product Portfolio
11.3.5.4 Financials
11.3.5.5 SWOT Analysis
List of Figures
Figure 1: Global: Flow Meter Market: Major Drivers and Challenges
Figure 2: Global: Flow Meter Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Flow Meter Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Flow Meter Market: Breakup by Application (in %), 2021
Figure 5: Global: Flow Meter Market: Breakup by Region (in %), 2021
Figure 6: Global: Flow Meter Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Flow Meter Industry: SWOT Analysis
Figure 8: Global: Flow Meter Industry: Value Chain Analysis
Figure 9: Global: Flow Meter Industry: Porter’s Five Forces Analysis
Figure 10: Global: Analog Flow Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Analog Flow Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Smart Flow Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Smart Flow Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Flow Meter (Applications in Residential Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Flow Meter (Applications in Residential Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Flow Meter (Applications in Industrial Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Flow Meter (Applications in Industrial Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Flow Meter (Applications in Commercial Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Flow Meter (Applications in Commercial Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: North America: Flow Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: North America: Flow Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Europe: Flow Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Europe: Flow Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Asia Pacific: Flow Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Asia Pacific: Flow Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Middle East and Africa: Flow Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Middle East and Africa: Flow Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Latin America: Flow Meter Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Latin America: Flow Meter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Flow Meter Industry: Import Breakup by Country (in %), 2018
Figure 31: Global: Flow Meter Industry: Export Breakup by Country (in %), 2018
Figure 32: Flow Meter Manufacturing: Detailed Process Flow
List of Tables
Table 1: Global: Flow Meter Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Flow Meter Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Flow Meter Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Flow Meter Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Flow Meter Industry: Import Data by Country
Table 6: Global: Flow Meter Industry: Export Data by Country
Table 7: Flow Meter: Raw Material Requirements
Table 8: Global: Flow Meter Market: Competitive Structure
Table 9: Global: Flow Meter Market: Key Players