Immersible Mass Flow Meter Market Forecasts to 2030 - Global Analysis By Type (Coriolis Immersible Mass Flow Meters, Thermal Immersible Mass Flow Meters and Other Types), End User and By Geography

According to Stratistics MRC, the Global Immersible Mass Flow Meter Market is growing at a CAGR of 5.4% during the forecast period. One kind of flow meter used to gauge a fluid's mass flow rate is an immersible mass flow meter and it is made especially to be submerged straight into the fluid being tested, enabling precise and trustworthy readings for a range of uses. Thermal dispersion is the foundation of the immersible mass flow meter's operation. First of all, it works with a broad variety of fluids since it is unaffected by variations in fluid temperature, viscosity, or density and it helpful in applications requiring precision measurement since it can produce accurate readings even at low flow rates. It also has the advantage of being simple to install and remove from the fluid system without obstructing the flow thus driving the growth of the market.

Market Dynamics:

Driver:

Rising demand in water & wastewater treatment

Because of population growth, urbanization, and industrialization, there is an increasing requirement for water and wastewater treatment facilities, which raises the need for precise flow measuring tools like immersible mass flow meters. These meters are essential for tracking and managing liquid flow throughout different phases of treatment procedures. Processes for treating wastewater and water are improved with the use of immersible mass flow meters. Thus better control over the flow rates of chemicals, additives, or reagents is made possible by accurate flow monitoring, which guarantees effective treatment and lowers operating expenses which enhances the growth of the market.

Restraint:

Pressure and temperature limitations

The situations in which immersible mass flow meters can function efficiently are limited by pressure and temperature. These restrictions may be too costly for industries that need measurements in harsh environments, which prompt research into alternate flow measuring options. Moreover Immersible mass flow meters that can dependable operate in high-pressure or high-temperature settings may be difficult to locate for industries that deal with these processes, such as some chemical or industrial applications. Operational continuity may be impacted by this constraint if frequent replacements or recalibrations are required impeding the growth of the market.

Opportunity:

Ability to integration with control systems

Real-time data gathering and monitoring are made possible by integration with control systems. This makes it easier for immersible mass flow meters to measure flow rates with greater accuracy and dependability, guaranteeing precise process management and optimization. Manufacturers are able to create immersible mass flow meters with features specifically designed for integration with certain control systems, offering adaptable solutions to satisfy the various demands of various applications and industries. Immersible mass flow meters gain greater traction in a variety of sectors, including oil and gas, chemical processing, pharmaceuticals, and more, as a result of their integration with control systems, which improves their value proposition. This promotes market expansion and broadens the range of uses for these meters.

Threat:

Availability of raw materials with intense competition

Manufacturers of immersible mass flow meters may find themselves at a disadvantage versus rivals providing less expensive flow measuring devices due to higher startup expenses. Market share and industry competitiveness may be impacted by this circumstance. Because of the substantial upfront costs, some prospective customers would decide to wait or postpone making a purchase, which would slow down market expansion and lengthen the sales cycle for companies who make immersible mass flow meters. Manufacturers may look at ways to cut manufacturing costs without sacrificing quality in response to market demand for more affordable flow metering devices. Nevertheless, it might be difficult to save costs without sacrificing great precision and dependability.

COVID-19 Impact

This has affected the market for immersible mass flow meters because to the COVID-19 epidemic. Nevertheless, the search results that were supplied do not contain any precise information on the effect of COVID-19 on the market for immersible mass flow meters. For more thorough and current information on the effects of COVID-19 on the immersible mass flow meter market, it is advised to contact industry studies, market analyses, or subject-matter specialists.

The coriolis immersible mass flow meters segment is expected to be the largest during the forecast period

The coriolis immersible mass flow meters segment is estimated to have a lucrative growth, as they are appropriate for critical applications where precision is vital because they offer extremely exact readings even in a variety of fluid conditions. Numerous industrial applications can benefit from these meters' ability to handle a broad variety of fluids, including corrosive, viscous, abrasive, and high-viscosity fluids. Because of their strong structure and direct measuring approach, they frequently require less maintenance, which results in less downtime and lower total operating expenses which encourages in the growth of the market.

The processing & manufacturing segment is expected to have the highest CAGR during the forecast period

The processing & manufacturing segment is anticipated to witness the highest CAGR growth during the forecast period, because immersible mass flow meters are used in the petrochemical and refining industries to measure the flow rates of various refined products, gases, and crude oil. They support the monitoring and management of pipeline and refining process flow. To guarantee accurate dosing of components in prescription formulations, pharmaceutical industry relies heavily on accurate flow rate measurement. In this business, submersible mass flow meters play a vital role in upholding strict laws and quality standards thereby propelling the growth of the market.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the South Korea, Japan, China, India, and other nations, which has experienced a fast industrialization in a number of different industries. The need for precise flow measuring tools, such as immersible mass flow meters, has expanded in sectors like manufacturing, chemicals, oil and gas, and water treatment. Governments and businesses are investing in water and wastewater treatment facilities due to growing worries about the quality and shortage of water. Furthermore because of their importance in various treatment procedures, immersible mass flow meters are in higher demand in this industry.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to a number of well-known flow measuring firms' headquarters or major markets. The region's market for immersible mass flow meters is expanding thanks in part to the innovation and competition these businesses foster. Immersible mass flow meters are widely used by the oil and gas sector in North America, especially in the US, to measure flow rates during the extraction, transportation, and refining operations. The continued advancements in the production of oil and shale gas further support market expansion.

Key players in the market:

Some of the key players profiled in the Immersible Mass Flow Meter Market include: IFM, ABB, Sierra Instruments, Magnetrol, OVAL Corporation, Baumer, Bell Flow Systems, Hukseflux, Aalborg, Fluid Components LLC, Endress + Hauser, Fox Thermal Instruments, Brooks Instrument, KEM, KOBOLD and OMEGA Engineering.

Key Developments:

In September 2023, ABB invests in strategic partnership with clean energy start-up to offer end-to-end wind energy portfolio. Venture capital investment complements ABB's wind portfolio with digital offering, allowing it to expand its market reach beyond wind converters and services

In August 2023, ABB expands partnership with Northvolt to electrify the world's largest battery recycling facility. This partnership is now being expanded to include battery recycling with ABB providing process electrification to power the world.

Types Covered:

• Coriolis Immersible Mass Flow Meters
• Thermal Immersible Mass Flow Meters
• Other Types

End Users Covered:

• Food & Beverage Industry
• Processing & Manufacturing
• Automotive
• Pharmaceuticals
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances