Ultrasonic Flowmeter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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The global ultrasonic flowmeter market was worth around US$ 1.1 Billion in 2017. An ultrasonic flowmeter is a device that is used to measure the quantity of a liquid or gas that is moving through a pipe. The device measures the fluid velocity which further calculates the motion of gas or any liquid flowing. The velocity of the material flowing is measured with the help of ultrasonic transducers. Along with liquid, one can also measure the velocity of molten sulphur, chemicals, cryogenic liquids and even gases. This device generally works on three different principles namely transit time difference, doppler effect principle, and open channel principle. Ultrasonic flowmeters are mainly used in industries like wastewater, chemical, food and beverages, mining, metals, pharmaceuticals, power generation, paper and pulp industry, etc.

The accuracy of the ultrasonic flowmeters in taking measurements and calculating the velocity of the fluids is a key factor that is driving its demand. The high efficiency and accuracy of ultrasonic flowmeters can be attributed to the fact that they do not suffer mechanical wear and tear, do not cause a drop in the pressure of the fluid flowing through the pipe, and can be used for bidirectional measurements as well. Ultrasonic flowmeters are playing a major role in making bidirectional measurements that can be done with clamp-on flowmeters. Another major factor that is driving the demand of ultrasonic flowmeters is their non-invasive nature. These flowmeters do not require to come in contact with the fluid or involve cutting of the pipe in order to take the measurements. They are highly accurate, reliable and require low-maintenance. Moreover, the rising number of refineries catalyzed by increasing energy demand is also driving the demand of ultrasonic flow meters. Looking forward, the market value is projected to reach US$ 1.8 Billion by 2023, expanding at a CAGR of 8.6% during 2018-2023.

Market Summary:

  • Based on the product type, the market has been segmented into spool piece, insertion, Clamp-On and others. The spool piece segment currently represents the largest segment.
  • Based on the number of paths, the market has been segmented into 3-path transit time, 4- path transit time, 5- Path transit time and 6 or more path transit time.
  • Based on the technology, the market has been segmented into transit time - single/dual path, transit time – multipath, doppler and hybrid.
  • Based on the distribution channel, the market has been segmented into direct sales, independent representatives, distributors and online.
  • On the basis of application, natural gas represents the largest segment. Other segments include non-petroleum liquid, petroleum liquid, and others.
  • Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the global share.
  • The competitive landscape of the market has also been examined with some of the key players being Asea Brown Boveri Ltd., Badger Meter Inc., Emerson Electric Co., Emerson Process Management, Faure Herman SA, General Electric, Hach/Marsh McBirney Inc., Honeywell International Inc., Index Corporation, Invensys Process Systems, Rockwell Automation Inc., Siemens AG, Teledyne Isco Inc., Yamatake Co. and Yokogawa Electric Co.


This report provides a deep insight into the global ultrasonic flowmeter market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ultrasonic flowmeter market in any manner.

Key Questions Answered in This Report:

  • How has the global ultrasonic flowmeter market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global ultrasonic flowmeter market?
  • What is the breakup of the global ultrasonic flowmeter market on the basis of product types?
  • What is the breakup of the global ultrasonic flowmeter market on the basis of number of paths?
  • What is the breakup of the global ultrasonic flowmeter market on the basis of technology?
  • What is the breakup of the global ultrasonic flowmeter market on the basis of distribution channel?
  • What is the breakup of the global ultrasonic flowmeter market on the basis of applications?
  • What are the various stages in the value chain of the global ultrasonic flowmeter market?
  • What are the key driving factors and challenges in the global ultrasonic flowmeter market?
  • What is the structure of the global ultrasonic flowmeter market and who are the key players?
  • What is the degree of competition in the global ultrasonic flowmeter market?
  • How are ultrasonic flowmeters 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 Ultrasonic Flowmeter Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Product Type 
    5.4    Market Breakup by Number of Paths  
    5.5    Market Breakup by Technology Type  
    5.6    Market Breakup by Distribution Channel  
    5.7    Market Breakup by Application
    5.8    Market Breakup by Region
    5.9    Market Forecast
    5.10    SWOT Analysis
        5.10.1    Overview
        5.10.2    Strengths
        5.10.3    Weaknesses
        5.10.4    Opportunities
        5.10.5    Threats
    5.11    Value Chain Analysis
        5.11.1    Overview
        5.11.2    Research and Development
        5.11.3    Raw Material Procurement
        5.11.4    Manufacturing
        5.11.5    Marketing
        5.11.6    Distribution
        5.11.7    End-Use
    5.12    Porters Five Forces Analysis
        5.12.1    Overview
        5.12.2    Bargaining Power of Buyers
        5.12.3    Bargaining Power of Suppliers
        5.12.4    Degree of Competition
        5.12.5    Threat of New Entrants
        5.12.6    Threat of Substitutes
    5.13    Price Analysis
        5.13.1    Price Indicators
        5.13.2    Price Structure
        5.13.3    Margin Analysis
6    Market Breakup by Product Type
    6.1    Spool Peice 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Insertion 
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Clamp-On 
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Others
        6.4.1    Market Trends
        6.4.2    Market Forecast
7    Market Breakup by Number of Paths
    7.1    3-Path Transit Time
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    4- Path Transit Time
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    5- Path Transit Time
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    6 or More Path Transit Time
        7.4.1    Market Trends
        7.4.2    Market Forecast
8    Market Breakup by Technology Type
    8.1    Transit Time - Single/Dual Path
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Transit Time - Multipath
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Doppler
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Hybrid
        8.4.1    Market Trends
        8.4.2    Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Direct Sales
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Independent Representatives
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Distributors
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Online
        9.4.1    Market Trends
        9.4.2    Market Forecast
10    Market Breakup by Application
    10.1    Natural Gas
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Non-Petroleum Liquid
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Petroleum Liquid
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Others
        10.4.1    Market Trends
        10.4.2    Market Forecast
11    Market Breakup by Region
    11.1    Asia Pacific
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    North America
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Europe
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12    Ultrasonic Flowmeter Manufacturing Process
    12.1    Product Overview
    12.2    Raw Material Requirements
    12.3    Manufacturing Process
    12.4    Key Success and Risk Factors
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Asea Brown Boveri Ltd. 
        13.3.2    Badger Meter Inc. 
        13.3.3    Emerson Electric Co. 
        13.3.4    Emerson Process Management
        13.3.5    Faure Herman SA
        13.3.6    General Electric
        13.3.7    Hach/Marsh McBirney Inc. 
        13.3.8    Honeywell International Inc. 
        13.3.9    Index Corporation
        13.3.10    Invensys Process Systems
        13.3.11    Rockwell Automation Inc. 
        13.3.12    Siemens AG
        13.3.13    Teledyne Isco Inc. 
        13.3.14    Yamatake Co. 
        13.3.15    Yokogawa Electric Co. 


List of Figures

Figure 1: Global: Ultrasonic Flowmeter Market: Major Drivers and Challenges
Figure 2: Global: Ultrasonic Flowmeter Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Ultrasonic Flowmeter Market: Breakup by Product Type (in %), 2017
Figure 4: Global: Ultrasonic Flowmeter Market: Breakup by Number of paths (in %), 2017
Figure 5: Global: Ultrasonic Flowmeter Market: Breakup by Technology Type (in %), 2017
Figure 6: Global: Ultrasonic Flowmeter Market: Breakup by Distribution Channel (in %), 2017
Figure 7: Global: Ultrasonic Flowmeter Market: Breakup by Application (in %), 2017
Figure 8: Global: Ultrasonic Flow Market: Breakup by Region (in %), 2017
Figure 9: Global: Ultrasonic Flowmeter Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 10: Global: Ultrasonic Flowmeter Industry: SWOT Analysis
Figure 11: Global: Ultrasonic Flowmeter Industry: Value Chain Analysis
Figure 12: Global: Ultrasonic Flowmeter Industry: Porter’s Five Forces Analysis
Figure 13: Global: Ultrasonic Flowmeter (Spool Peice) Market: Sales Value (in Million US$), 2010 & 2017
Figure 14: Global: Ultrasonic Flowmeter (Spool Peice) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 15: Global: Ultrasonic Flowmeter (Insertion) Market: Sales Value (in Million US$), 2010 & 2017
Figure 16: Global: Ultrasonic Flowmeter (Insertion Ultrasonic Flow Meter) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 17: Global: Ultrasonic Flowmeter (Clamp-On) Market: Sales Value (in Million US$), 2010 & 2017
Figure 18: Global: Ultrasonic Flowmeter (Clamp-On) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 19: Global: Ultrasonic Flowmeter (Others) Market: Sales Value (in Million US$), 2010 & 2017
Figure 20: Global: Ultrasonic Flowmeter (Others) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 21: Global: Ultrasonic Flowmeter (3-Path Transit Time) Market: Sales Value (in Million US$), 2010 & 2017
Figure 22: Global: Ultrasonic Flowmeter (3-Path Transit Time) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 23: Global: Ultrasonic Flowmeter (4- Path Transit Time) Market: Sales Value (in Million US$), 2010 & 2017
Figure 24: Global: Ultrasonic Flowmeter (4- Path Transit Time) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 25: Global: Ultrasonic Flowmeter (5- Path Transit Time) Market: Sales Value (in Million US$), 2010 & 2017
Figure 26: Global: Ultrasonic Flowmeter (5- Path Transit Time) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 27: Global: Ultrasonic Flowmeter (6 or More Path Transit Time) Market: Sales Value (in Million US$), 2010 & 2017
Figure 28: Global: Ultrasonic Flowmeter (6 or More Path Transit Time) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 29: Global: Ultrasonic Flowmeter (Transit Time - Single/Dual Path) Market: Sales Value (in Million US$), 2010 & 2017
Figure 30: Global: Ultrasonic Flowmeter (Transit Time - Single/Dual Path) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 31: Global: Ultrasonic Flowmeter (Transit Time - Multipath) Market: Sales Value (in Million US$), 2010 & 2017
Figure 32: Global: Ultrasonic Flowmeter (Transit Time - Multipath) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 33: Global: Ultrasonic Flowmeter (Doppler) Market: Sales Value (in Million US$), 2010 & 2017
Figure 34: Global: Ultrasonic Flowmeter (Doppler) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 35: Global: Ultrasonic Flowmeter (Hybrid) Market: Sales Value (in Million US$), 2010 & 2017
Figure 36: Global: Ultrasonic Flowmeter (Hybrid) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 37: Global: Ultrasonic Flowmeter Market: Direct Sales (in Million US$), 2010 & 2017
Figure 38: Global: Ultrasonic Flowmeter Market Forecast: Direct Sales (in Million US$), 2018-2023
Figure 39: Global: Ultrasonic Flowmeter Market: Sales through Independent Representatives (in Million US$), 2010 & 2017
Figure 40: Global: Ultrasonic Flowmeter Market Forecast: Sales through Independent Representatives (in Million US$), 2018-2023
Figure 41: Global: Ultrasonic Flowmeter Market: Sales through Distributors (in Million US$), 2010 & 2017
Figure 42: Global: Ultrasonic Flowmeter Market Forecast: Sales through Distributors (in Million US$), 2018-2023
Figure 43: Global: Ultrasonic Flowmeter Market: Online Sales (in Million US$), 2010 & 2017
Figure 44: Global: Ultrasonic Flowmeter Market Forecast: Online Sales (in Million US$), 2018-2023
Figure 45: Global: Ultrasonic Flowmeter (Natural Gas) Market: Sales Value (in Million US$), 2010 & 2017
Figure 46: Global: Ultrasonic Flowmeter (Natural Gas) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 47: Global: Ultrasonic Flowmeter (Non-Petroleum Liquid) Market: Sales Value (in Million US$), 2010 & 2017
Figure 48: Global: Ultrasonic Flowmeter (Non-Petroleum Liquid) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 49: Global: Ultrasonic Flowmeter (Petroleum Liquid) Market: Sales Value (in Million US$), 2010 & 2017
Figure 50: Global: Ultrasonic Flowmeter (Petroleum Liquid) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 51: Global: Ultrasonic Flowmeter (Other Applications) Market: Sales Value (in Million US$), 2010 & 2017
Figure 52: Global: Ultrasonic Flowmeter (Other Applications) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 53: Asia Pacific: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2010 & 2017
Figure 54: Asia Pacific: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 55: North America: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2010 & 2017
Figure 56: North America: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 57: Europe: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2010 & 2017
Figure 58: Europe: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 59: Middle East and Africa: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2010 & 2017
Figure 60: Middle East and Africa: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 61: Latin America: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2010 & 2017
Figure 62: Latin America: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 63: Ultrasonic Flowmeter Manufacturing: Process Flow


List of Tables

Table 1: Global: Ultrasonic Flowmeter Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Product Type (in Million US$), 2018-2023
Table 3: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Number of Paths (in Million US$), 2018-2023
Table 4: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Technology Type (in Million US$), 2018-2023
Table 5: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Distribution Channel (in Million US$), 2018-2023
Table 6: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Application (in Million US$), 2018-2023
Table 7: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 8: Ultrasonic Flowmeter: Raw Material Requirements
Table 9: Global: Ultrasonic Flowmeter Market Structure
Table 10: Global: Ultrasonic Flowmeter Market: Key Players


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