Ultrasonic Flow Meter Market by Implementation Type, Measurement Technology, End-User

List of Tables

[195 Pages Report] The Ultrasonic Flow Meter Market size was estimated at USD 2.11 billion in 2023 and expected to reach USD 2.24 billion in 2024, at a CAGR 6.79% to reach USD 3.35 billion by 2030.

Ultrasonic flow meters are non-intrusive devices that measure the velocity of liquids or gases using high-frequency sound waves and the Doppler effect to measure fluid flow velocity through a pipe or conduit. These meters provide appropriate measurements even under challenging conditions and can be used in many applications, including hazardous areas, extreme temperatures, and hostile environments. The ultrasonic flow meter market is driven by government initiatives for industrial automation, the preference for non-intrusive measuring techniques, and rising government investments in oil & gas and wastewater treatment projects. The high availability of various ultrasonic flow meters through online distribution channels is an additional advantage. However, the cost of ownership, complex installation and maintenance, and the limitations of accuracy and pipe material compatibility are major restraints. Technological advancements in ultrasonic flow meters based on AI and ML offer potential opportunities to benefit from considerations on energy efficiency.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.11 billion
Estimated Year [2024]	USD 2.24 billion
Forecast Year [2030]	USD 3.35 billion
CAGR (%)	6.79%

Implementation Type: Emergence of hand-held implementation of ultrasonic flow meter for installation solution

Ultrasonic flow meters with clamp-on technology are mounted outside a pipe for non-invasive measurement without shutting down the system or disturbing the process and are ideal for retrofit applications. Inline ultrasonic flow meters are installed directly within a pipe and measure fluid velocity by measuring the time it takes for sound pulses sent from one transducer to reach another across the pipe. This type of meter is ideal for permanent installations, offering accurate and reliable readings. Wall-mounted ultrasonic flow meters are typically used for large pipes in industrial settings since they can be easily installed against a wall and measure flow rate through large pipes such as water mains. Hand-held ultrasonic flow meters are an inexpensive alternative that uses Doppler shift technology to measure liquid and gas velocity in stationary or moving pipes via portable, battery-powered units. This type of meter is suited for spot checks and measurements in challenging environments where traditional installation may not be feasible.

End-User: Proliferating use of ultrasonic flow meters across the food & beverages industry

Ultrasonic flow meters are used extensively in oil and gas to measure the flow rate of certain fluids, such as fuel and natural gas. Ultrasonic flow meters assist the fluid production and transportation procedures by identifying pipeline leaks, measuring fuel consumption rates, and monitoring production levels. Ultrasonic flow meters provide reliable readings across water and wastewater management, even in highly turbulent fluids, increasing accuracy and helping to reduce operational costs. Ultrasonic flow meters are often used in the food-beverage sector to measure, monitor, and regulate the flow of liquids such as water, milk, juices, and other beverages. The ultrasonic technology provides accurate and reliable readings even in extreme temperatures or hostile environments.

Measurement Technology: Increasing demand for transit time flow meters due to their precise flow measurement advantage.

The ultrasonic flow meter industry encompasses various measurement technologies such as Doppler, hybrid, and transit time flow meters, each catering to specific application requirements. Doppler ultrasonic flow meters are ideal for measuring fluid flows containing suspended particles or air bubbles by employing the principle of the Doppler effect. This technology is used widely in various industrial applications, including chemical processing, water & wastewater treatment, and oil & gas production, due to its accuracy, non-invasiveness, and versatility. Hybrid ultrasonic flow meters combine the features of Doppler and transit-time measurement principles, providing versatile solutions for diverse applications involving clean fluids, suspended solids, or gas bubbles.

Transit time ultrasonic flow meters measure the time difference between ultrasonic signals sent upstream and downstream in a fluid flow. These meters are highly accurate and suitable for measuring clean liquids with low suspended particles or gas bubble concentrations. Dual-path transit time (DPTT) flow meters utilize at least two pairs of ultrasonic transducers positioned diagonally on opposite sides of the pipe or channel containing the fluid. DPTT flow meters provide increased accuracy and redundancy compared to their single-path counterparts by incorporating multiple paths. Single-path transit time (SPTT) flow meters operate on similar principles as DPTT but utilize only one pair of ultrasonic transducers instead of multiple pairs. Although their overall functionality remains similar, SPTT devices may exhibit reduced accuracy under certain conditions due to their reliance on a single path for measurement. However, this streamlined design can offer cost benefits and ease of installation for specific applications where highly accurate measurements are not critical. Industries benefiting from transit-time meters include water supply, chemical processing, pharmaceuticals, food, and beverage production. The preference among Doppler, hybrid, or transit-time ultrasonic flow meters depends on the specific application needs related to fluid properties and accuracy requirements. Manufacturers continue to innovate their product offerings to cater to diverse industry needs while enhancing measurement performance and reliability.

Regional Insights

The ultrasonic flow meter market in Europe, the Middle East, and the African region is rapidly evolving owing to the overgrowing expansion of end-user industries, supportive government standards for industrial safety and flow meters, and ongoing development of advanced product portfolios. Generally, ultrasonic flow meters need to meet the safety and performance requirements of IEC 61508, ISO 9000, and other standards issued by European and international (IECEx) regulatory bodies. The significant expansion of food & beverage, oil & gas, and water & wastewater treatment plants in the Asia-Pacific region has further bolstered the demand for ultrasonic flow meters. Moreover, the rising oil demand in the Asia-Pacific region is expected to create lucrative opportunities for ultrasonic flow meters in the coming years. The Americas' ultrasonic flow meter market is observing rapid advancements in product portfolios with the development of portable and non-contacting flow measurement meters for the most complex industrial environments with minimal installation complexity and costs.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Ultrasonic Flow Meter Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Ultrasonic Flow Meter Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Ultrasonic Flow Meter Market, highlighting leading vendors and their innovative profiles. These include Azbil Corporation, Badger Meter, Inc., Baker Hughes Company, Bove Intelligent Technology Co., Ltd., Bronkhorst High-Tech BV, Coltraco Ultrasonics, Dalian Zero Instrument Technology Co., Ltd., Danfoss A/S, EESIFLO Technologies Inc., ELIS PLZEN a.s., Emerson Electric Co., Endress+Hauser Group, Fuji Electric Co., Ltd., General Electric Company, Honeywell International Inc., HORIBA, Ltd., Katronic AG & Co. KG, KROHNE Messtechnik GmbH, Lanry Instruments (Shanghai) Co., Ltd., Manas Microsystem Pvt. Ltd., OMEGA Engineering, Inc., Panasonic Holdings Corporation, Schlumberger Limited, Schneider Electric SE, SICK AG, Siemens AG, SONOTEC GmbH, STMicroelectronics N.V., Tek-Trol LLC, Teledyne Technologies Incorporated, Texas Instruments Incorporated, Titan Enterprises Ltd., Toshiba Corporation, Transus Instruments BV, Triton Process Automation Pvt. Ltd., WIKA Alexander Wiegand SE & Co. KG, and Xylem Inc..

Market Segmentation & Coverage

This research report categorizes the Ultrasonic Flow Meter Market to forecast the revenues and analyze trends in each of the following sub-markets:

Implementation Type
- Clamp-On
- Hand Held
- Inline
- Wall Mounted

Measurement Technology
- Doppler
- Hybrid
- Transit Time
  - Dual-Path Transit Time
  - Single-Path Transit Time
End-User
- Chemical
- Food & Beverage
- Oil & Gas
- Power Generation
- Water & Wastewater

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - Alaska
    - California
    - Illinois
    - Indiana
    - Louisiana
    - New York
    - Ohio
    - Pennsylvania
    - Texas
    - Vermont
    - West Virginia
    - Wyoming
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Ultrasonic Flow Meter Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ultrasonic Flow Meter Market?

3. What are the technology trends and regulatory frameworks in the Ultrasonic Flow Meter Market?

4. What is the market share of the leading vendors in the Ultrasonic Flow Meter Market?

5. Which modes and strategic moves are suitable for entering the Ultrasonic Flow Meter Market?

Product Code: MRR-033983539BFD

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Initiatives for industrial automation and preference for non-intrusive measuring techniques
  - 5.1.1.2. Rising government investments in oil & gas and wastewater treatment projects
  - 5.1.1.3. High availability of various ultrasonic flow meters through online distribution channels
- 5.1.2. Restraints
  - 5.1.2.1. High cost of ownership and complex installation and maintenance
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in ultrasonic flow meters based on AI and ML
  - 5.1.3.2. Potential use of ultrasonic flow meter in solar thermal and geothermal power generation
- 5.1.4. Challenges
  - 5.1.4.1. Limitations of ultrasonic flow meters due to inaccuracy and pipe material compatibility
5.2. Market Segmentation Analysis
- 5.2.1. Implementation Type: Emergence of hand-held implementation of ultrasonic flow meter for installation solution
- 5.2.2. End-User: Proliferating use of ultrasonic flow meters across the food & beverages industry
- 5.2.3. Measurement Technology: Increasing demand for transit time flow meters due to their precise flow measurement advantage.
5.3. Market Trend Analysis
- 5.3.1. Increasing industry focus on energy efficiency and adoption of advanced technologies in ultrasonic flow meters in the Americas
- 5.3.2. Government initiatives and standards to promote efficient use of ultrasonic flow meters in Asia-Pacific
- 5.3.3. Increasing production and export of crude petroleum in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Ultrasonic Flow Meter Market, by Implementation Type

6.1. Introduction
6.2. Clamp-On
6.3. Hand Held
6.4. Inline
6.5. Wall Mounted

7. Ultrasonic Flow Meter Market, by Measurement Technology

7.1. Introduction
7.2. Doppler
7.3. Hybrid
7.4. Transit Time

8. Ultrasonic Flow Meter Market, by End-User

8.1. Introduction
8.2. Chemical
8.3. Food & Beverage
8.4. Oil & Gas
8.5. Power Generation
8.6. Water & Wastewater

9. Americas Ultrasonic Flow Meter Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Ultrasonic Flow Meter Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Ultrasonic Flow Meter Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Ultrasonic Flowmeter Offers ASCII Flow Streaming
- 12.3.2. Fuji Electric Launches New S-Flow Ultrasonic Flow Meter
- 12.3.3. Emerson Acquires Clamp-On Ultrasonic Flowmeter Company FLEXIM
- 12.3.4. Sensus Launches New Ultrasonic Water Meter
- 12.3.5. SICK Launches New High Pressure Gas Flow Meter for Natural Gas Distribution.
- 12.3.6. ATO Launches Two New Flow Meters with Versatile Liquids, Gasses, and Steam Measurement Uses.
- 12.3.7. Abbanoa, to Deploy Itron's Next Generation Ultrasonic Water Meter
- 12.3.8. Panasonic Unveils Ultrasonic Meter To Measure Hydrogen Flow, Concentration.
- 12.3.9. Titan Enterprises Expands Patents for its Ultrasonic Flowmeter Technology.
- 12.3.10. IIT Kanpur Incubated Startup Gets INR 3.29 Crores (USD 414.44 Thousands) From Ministry to Develop Smart Water Management Technologies.
- 12.3.11. AW-Lake's New Flow Meter Offers On-Demand Measurement.

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio