PUBLISHER: IMARC | PRODUCT CODE: 1236749
PUBLISHER: IMARC | PRODUCT CODE: 1236749
Flow Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global flow meter market size reached US$ 8.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
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.
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 report, along with forecasts at the global and regional level from 2023-2028. 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:
- Residential
- Industrial
- Commercial
- Amongst the above-listed applications, flow meters are mostly used in the residential sector.
Regional Insights:
- 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.
Key Questions Answered in This Report:
- 1. What was the size of the global flow meter market in 2022?
- 2. What is the expected growth rate of the global flow meter market during 2023-2028?
- 3. What are the key factors driving the global flow meter market?
- 4. What has been the impact of COVID-19 on the global flow meter market?
- 5. What is the breakup of the global flow meter market based on product type?
- 6. What is the breakup of the global flow meter market based on the application?
- 7. What are the key regions in the global flow meter market?
- 8. Who are the key players/companies in the global flow meter market?
Table of Contents
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
- 11.3.1 ABB Group
List of Figures
- Figure 1: Global: Flow Meter Market: Major Drivers and Challenges
- Figure 2: Global: Flow Meter Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Flow Meter Market: Breakup by Product Type (in %), 2022
- Figure 4: Global: Flow Meter Market: Breakup by Application (in %), 2022
- Figure 5: Global: Flow Meter Market: Breakup by Region (in %), 2022
- Figure 6: Global: Flow Meter Market Forecast: Sales Value (in Billion US$), 2023-2028
- 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$), 2017 & 2022
- Figure 11: Global: Analog Flow Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Smart Flow Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Smart Flow Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Flow Meter (Applications in Residential Sector) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Flow Meter (Applications in Residential Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Flow Meter (Applications in Industrial Sector) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Flow Meter (Applications in Industrial Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Flow Meter (Applications in Commercial Sector) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Flow Meter (Applications in Commercial Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: North America: Flow Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: North America: Flow Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Europe: Flow Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Europe: Flow Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Asia Pacific: Flow Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Asia Pacific: Flow Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Middle East and Africa: Flow Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Middle East and Africa: Flow Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Latin America: Flow Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Latin America: Flow Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Flow Meter Industry: Import Breakup by Country (in %), 2021
- Figure 31: Global: Flow Meter Industry: Export Breakup by Country (in %), 2021
- Figure 32: Flow Meter Manufacturing: Detailed Process Flow
List of Tables
- Table 1: Global: Flow Meter Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Flow Meter Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Flow Meter Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Flow Meter Market Forecast: Breakup by Region (in Million US$), 2023-2028
- 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
