Change Language

Select Language

Press Release:

Global Ultrasonic Flowmeter Market to Reach US$ 2 Billion by 2024, Catalyzed by Improvements in Performance and Capabilities

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Ultrasonic Flowmeter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global ultrasonic flowmeter market reached a value of US$ 1.53 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. 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 industries. These insights are included in the report as a major market contributor.

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. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ultrasonic flowmeter market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, number of paths, technology, application and distribution channel.

Breakup by Product Type:

  • Spool Peice 
  • Insertion 
  • Clamp-On 
  • Others
     

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.

Breakup by Number of Paths:

  • 3-Path Transit Time
  • 4- Path Transit Time
  • 5- Path Transit Time
  • 6 or More Path Transit Time
     

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.

Breakup by Technology:

  • Transit Time - Single/Dual Path
  • Transit Time - Multipath
  • Doppler
  • Hybrid
     

Based on the technology, the market has been segmented into transit time - single/dual path, transit time – multipath, doppler and hybrid.

Breakup by Distribution Channel:

  • Direct Sales
  • Independent Representatives
  • Distributors
  • Online
     

Based on the distribution channel, the market has been segmented into direct sales, independent representatives, distributors and online.

Breakup by Application:

  • Natural Gas
  • Non-Petroleum Liquid
  • Petroleum Liquid
  • Others

 

On the basis of application, natural gas represents the largest segment. Other segments include non-petroleum liquid, petroleum liquid, and others.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
     

Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Europe is the leading market, accounting for the majority of the market share.

Competitive Landscape:

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 industry in any manner.

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    Impact of COVID-19
    5.4    Market Breakup by Product Type 
    5.5    Market Breakup by Number of Paths  
    5.6    Market Breakup by Technology Type  
    5.7    Market Breakup by Distribution Channel  
    5.8    Market Breakup by Application
    5.9    Market Breakup by Region
    5.10    Market Forecast
    5.11    SWOT Analysis
        5.11.1    Overview
        5.11.2    Strengths
        5.11.3    Weaknesses
        5.11.4    Opportunities
        5.11.5    Threats
    5.12    Value Chain Analysis
        5.12.1    Overview
        5.12.2    Research and Development
        5.12.3    Raw Material Procurement
        5.12.4    Manufacturing
        5.12.5    Distribution
        5.12.6    Export
        5.12.7    End-Use
    5.13    Porters Five Forces Analysis
        5.13.1    Overview
        5.13.2    Bargaining Power of Buyers
        5.13.3    Bargaining Power of Suppliers
        5.13.4    Degree of Competition
        5.13.5    Threat of New Entrants
        5.13.6    Threat of Substitutes
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$), 2015-2020
Figure 3: Global: Ultrasonic Flowmeter Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Ultrasonic Flowmeter Market: Breakup by Number of paths (in %), 2020
Figure 5: Global: Ultrasonic Flowmeter Market: Breakup by Technology Type (in %), 2020
Figure 6: Global: Ultrasonic Flowmeter Market: Breakup by Distribution Channel (in %), 2020
Figure 7: Global: Ultrasonic Flowmeter Market: Breakup by Application (in %), 2020
Figure 8: Global: Ultrasonic Flowmeter Market: Breakup by Region (in %), 2020
Figure 9: Global: Ultrasonic Flowmeter Market Forecast: Sales Value (in Billion US$), 2021-2026
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$), 2015 & 2020
Figure 14: Global: Ultrasonic Flowmeter (Spool Peice) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Ultrasonic Flowmeter (Insertion) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Ultrasonic Flowmeter (Insertion) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Ultrasonic Flowmeter (Clamp-On) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Ultrasonic Flowmeter (Clamp-On) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Ultrasonic Flowmeter (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Ultrasonic Flowmeter (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Ultrasonic Flowmeter (3-Path Transit Time) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Ultrasonic Flowmeter (3-Path Transit Time) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Ultrasonic Flowmeter (4- Path Transit Time) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Ultrasonic Flowmeter (4- Path Transit Time) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Ultrasonic Flowmeter (5- Path Transit Time) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Ultrasonic Flowmeter (5- Path Transit Time) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Ultrasonic Flowmeter (6 or More Path Transit Time) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Ultrasonic Flowmeter (6 or More Path Transit Time) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Ultrasonic Flowmeter (Transit Time - Single/Dual Path) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Ultrasonic Flowmeter (Transit Time - Single/Dual Path) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Ultrasonic Flowmeter (Transit Time - Multipath) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Ultrasonic Flowmeter (Transit Time - Multipath) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Ultrasonic Flowmeter (Doppler) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Ultrasonic Flowmeter (Doppler) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Ultrasonic Flowmeter (Hybrid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Ultrasonic Flowmeter (Hybrid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Ultrasonic Flowmeter Market: Direct Sales (in Million US$), 2015 & 2020
Figure 38: Global: Ultrasonic Flowmeter Market Forecast: Direct Sales (in Million US$), 2021-2026
Figure 39: Global: Ultrasonic Flowmeter Market: Sales through Independent Representatives (in Million US$), 2015 & 2020
Figure 40: Global: Ultrasonic Flowmeter Market Forecast: Sales through Independent Representatives (in Million US$), 2021-2026
Figure 41: Global: Ultrasonic Flowmeter Market: Sales through Distributors (in Million US$), 2015 & 2020
Figure 42: Global: Ultrasonic Flowmeter Market Forecast: Sales through Distributors (in Million US$), 2021-2026
Figure 43: Global: Ultrasonic Flowmeter Market: Online Sales (in Million US$), 2015 & 2020
Figure 44: Global: Ultrasonic Flowmeter Market Forecast: Online Sales (in Million US$), 2021-2026
Figure 45: Global: Ultrasonic Flowmeter (Natural Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Global: Ultrasonic Flowmeter (Natural Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Global: Ultrasonic Flowmeter (Non-Petroleum Liquid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Global: Ultrasonic Flowmeter (Non-Petroleum Liquid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Global: Ultrasonic Flowmeter (Petroleum Liquid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Global: Ultrasonic Flowmeter (Petroleum Liquid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Global: Ultrasonic Flowmeter (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Global: Ultrasonic Flowmeter (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Asia Pacific: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Asia Pacific: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: North America: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: North America: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Europe: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Europe: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Middle East and Africa: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Middle East and Africa: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Latin America: Ultrasonic Flowmeter Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Latin America: Ultrasonic Flowmeter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Ultrasonic Flowmeter Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Ultrasonic Flowmeter Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Number of Paths (in Million US$), 2021-2026
Table 4: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Technology Type (in Million US$), 2021-2026
Table 5: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 6: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Global: Ultrasonic Flowmeter Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Ultrasonic Flowmeter Manufacturing: Raw Material Requirements
Table 9: Global: Ultrasonic Flowmeter Market: Competitive Structure
Table 10: Global: Ultrasonic Flowmeter Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Question Answered in this Report

The global ultrasonic flowmeter market reached a value of US$ 1.53 Billion in 2020.

According to the estimates by IMARC Group, the global ultrasonic flowmeter market is expected to exhibit moderate growth during the next five years.

Leading manufacturers are incorporating advanced technologies to enhance ultrasonic flowmeter performance and measurement in continuous industrial processes, which is acting as one of the significant trends in the market.

The escalating energy demand is resulting in the rising number of refineries around the world, which, in turn, is bolstering the market growth.

The market has been negatively impacted due to the spread of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of several countries that have led to the closure of various industrial units and disrupted supply chains.

Based on the product type, the market has been divided into spool piece, insertion, clamp-on and others.

On the basis of the number of paths, the market has been classified into 3-path, 4-path, 5-path, and 6 or more path transit time.

The market has been analyzed on the basis of the technology type into transit time - single/dual path, transit time - multipath, doppler and hybrid.

On the basis of the distribution channel, the market has been categorized into direct sales, independent representatives, distributors and online.

Based on the application, the market has been segregated into natural gas, non-petroleum liquid, petroleum liquid and others.

Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.

Leading industry players are Asea Brown Boveri Ltd., Badger Meter Inc., Emerson Process Management, (Emerson Electric Co.), Faure Herman SA, General Electric Company, Hach (Danaher Corporation), Honeywell International Inc., Index Corporation, Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, Teledyne Isco Inc., Yamatake Co. and Yokogawa Electric Co.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

India Power Tool Accessories Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Industrial Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

United States Ceramic Roller Bearings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

China Ceramic Roller Bearings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Japan Ceramic Roller Bearings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links