Ultrasonic Flow Meter Market Report: Trends, Forecast and Competitive Analysis to 2030

Ultrasonic Flow Meter Trends and Forecast

The future of the ultrasonic flow meter market looks promising with opportunities in the oil & gas, power generation, and water & wastewater markets. The ultrasonic flow meter market is expected to reach an estimated $0.9 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing use of transit-time ultrasonic flowmeters in a variety of settings, rising automation adoption rates, strong industrial growth, and a growing need for precise and non-invasive flow metering equipment.

A more than 150-page report is developed to help in your business decisions.

Ultrasonic Flow Meter by Segment

The study includes a forecast for the global ultrasonic flow meter by implementation type, technology, paths, end use, and region.

Ultrasonic Flow Meter Market by Implementation type [Shipment Analysis by Value from 2018 to 2030]:

• Clamp-On
• Inline
• Others

Ultrasonic Flow Meter Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Transit-Time
• Doppler
• Hybrid

Ultrasonic Flow Meter Market by Paths [Shipment Analysis by Value from 2018 to 2030]:

• 1 Path Transit-Time
• 2 Path Transit-Time
• 3 and Above Path Transit-Time

Ultrasonic Flow Meter Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Oil & Gas
• Power Generation
• Water & Wastewater
• Others

Ultrasonic Flow Meter Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Ultrasonic Flow Meter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ultrasonic flow meter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ultrasonic flow meter companies profiled in this report include-

• Siemens
• Danfoss
• Fuji Electric
• Badger Meter
• GE

Ultrasonic Flow Meter Market Insights

Lucintel forecasts that transit-time will remain the largest segment over the forecast period because of its benefits in bidirectional and accurate flow measurement.

APAC will remain the largest region over the forecast period because the majority of the top companies in the flow meters market have manufacturing operations in Asia Pacific, where production costs are cheaper than in other areas.

Features of the Ultrasonic Flow Meter Market

Market Size Estimates: Ultrasonic flow meter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ultrasonic flow meter market size by various segments, such as by implementation type, technology, paths, end use, and region in terms of value ($B).

Regional Analysis: Ultrasonic flow meter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different implementation type, technology, paths, end use, and regions for the ultrasonic flow meter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ultrasonic flow meter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the ultrasonic flow meter market size?

Answer: The global ultrasonic flow meter market is expected to reach an estimated $0.9 billion by 2030.

Q2. What is the growth forecast for ultrasonic flow meter market?

Answer: The global ultrasonic flow meter market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the ultrasonic flow meter market?

Answer: The major drivers for this market are increasing use of transit-time ultrasonic flowmeters in a variety of settings, rising automation adoption rates, strong industrial growth, and a growing need for precise and non-invasive flow metering equipment.

Q4. What are the major segments for ultrasonic flow meter market?

Answer: The future of the ultrasonic flow meter market looks promising with opportunities in the oil & gas, power generation, and water & wastewater markets.

Q5. Who are the key ultrasonic flow meter market companies?

Answer: Some of the key ultrasonic flow meter companies are as follows.

• Siemens
• Danfoss
• Fuji Electric
• Badger Meter
• GE

Q6. Which ultrasonic flow meter market segment will be the largest in future?

Answer: Lucintel forecasts that transit-time will remain the largest segment over the forecast period because of its benefits in bidirectional and accurate flow measurement.

Q7. In ultrasonic flow meter market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period because the majority of the top companies in the flow meters market have manufacturing operations in Asia Pacific, where production costs are cheaper than in other areas.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the ultrasonic flow meter market by implementation type (clamp-on, inline, and others), technology (transit-time, doppler, and hybrid), paths (1 path transit-time, 2 path transit-time, and 3 and above path transit-time), end use (oil & gas, power generation, water & wastewater, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?