Tuesday, January 31, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Companies

Flow Meters Market Size is projected to reach USD 11.7

7 months ago
in Companies
Flow Meters Market Size is projected to reach USD 11.7
Share on FacebookShare on Twitter


New York, United States, July 20, 2022 (GLOBE NEWSWIRE) — Due to their innumerable features, flow meters are expeditiously being used in coal-fired, fuel oil and natural gas, geothermal, hydroelectric, and nuclear power plants. The use of flow meters has increased as laws regulating the control of toxic gas emissions from power plants have become more stringent.

Flow meters are in high demand for monitoring and measuring the flow of steam, gas, water, chemicals, and mineral oil, among other things. These meters deliver much accuracy in terms of optimal and cost-effective quantity during flow measurement. In terms of processing control, they are advantageous.

Latest Oil News

Can Colombia Really Replace Oil And Gas Revenue?

Can Colombia Really Replace Oil And Gas Revenue?

January 30, 2023
Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

January 29, 2023
New tech could unleash NM’s clean geothermal energy potential

New tech could unleash NM’s clean geothermal energy potential

January 28, 2023
Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

January 27, 2023

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/flow-meters-market/request-sample 

Rise in Applications in Oil & Gas Industry to Drive the Global Flow Meters Market

The oil and gas category includes offshore and onshore oil and gas exploration, production, and refining facilities, refineries, pipelines, petrochemical units, gas pipelines, and storage terminals. In both the upstream and downstream sections of the oil and gas industry, preventive coatings are utilized to transport oil and gas to refineries. This industry uses anti-corrosion, heat-resistant, abrasion-resistant, fire-resistant, and other types of protective coatings.

The industry has been looking for ways to cut costs. This, combined with the need to adhere to strict environmental regulations, has led to a willingness for a long-lasting barrier layer that effectively preserves assets.

Moreover, major contributors to the oil and gas industry’s growth include the United States, Saudi Arabia, Russia, China, and Canada, among others.

Technological Advancements to Generate New Opportunities for the Global Flow Meters Market

In terms of digital transformation, the sensors in the equipment have also seen rapid advancements. Several major market players are investing heavily in research and development. These operations are also anticipated to assist them in developing products that meet the needs of various industrial facilities and end-use applications.

Significant developments in flow meter technology include digital signals for flow meters, multiple measurement formats, online diagnosis and troubleshooting, remote calibration and configuration, and smart sensors with online warnings.

Because of scientific advances made possible by solid r and d, the industry has also been capable of creating adequate solutions to complex operating problems. One of the issues that the flow meter operations have to interact with on a regular basis is cleanliness. The emergence of automated cleaning is one of the market’s breakthrough trends. This trend is especially advantageous to market segments such as water and wastewater management.

Furthermore, the advent of computer processing has had a positive impact on the way these flow meters function. The access to low-cost memory chips that can sequence data at high speeds and handle large amounts of data could be beneficial in a market like this. With the increased use of software programs, precise measurements and the factors controlling a wider range of gases and liquids are expected.

Report Scope

Report Metric Details
Market Size USD 11.7 Billion by 2030
CAGR 6% (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Technology, End-User and Regions
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Yokogawa Electric Corporation, ABB Ltd, Siemens AG, Bronkhorst High-Tech BV, Honeywell International Inc., SICK AG, Omega Engineering Inc. (Spectris PLC),
Christian Bürkert GmbH & Co. KG, TSI Incorporated, Keyence Corporation, Emerson Electric Co., Sensirion AG, Azbil Corporation, Endress+Hauser AG, KROHNE Messtechnik Gm
Key Market Opportunities Growing Potential for Electromagnetic Flow Meters
Key Market Drivers Penetration of IoT and Automation in Flow Rate Measurement Applications

Buy Now Full Report @ https://straitsresearch.com/buy-now/flow-meters-market 

Impact of COVID-19

The recent COVID-19 pandemic accelerated industrial automation implementation, leading to more product announcements and advancements in 2020.

On the company’s COVID-19 vaccine line, flow meters have seen a spike in sales for measuring purified water. They were utilized to calibrate flow measurement instruments on other production skids, such as tanks, pumps, and other machinery. In addition to measuring dynamic flow, many flow meters were utilized to double-check the precision of weighing scale measurements.

The Covid-19 pandemic has impacted flow meter manufacturers’ supply chains from a manufacturing standpoint. While the sector remained vital, various vendors experienced difficulties obtaining flow meter components.

Sierra Instruments, a US-based manufacturer of flow meters and controllers, recently confirmed in January 2021 that the company would remain open during the pandemic. However, the Covid-19 virus infected many of its suppliers and employees. The company is operating at a lower capacity than usual, and standard lead times are becoming difficult to maintain. These factors also have an influence on the earnings of vendors in the market.

Regional Insights

The flow meters market is segmented into four regions: North America, Europe, Asia-Pacific, and Middle East & Africa. 

Over the forecast period, the North American flow meters market is projected to expand significantly. The United States is the region’s major contributor to growth. As for the advanced oil and gas, chemicals, and power generation industries, the North American region is expected to maintain a huge market share. The renewable energy generation sector in North America is anticipated to continue investing heavily in new projects. The hydropower sector is expected to grow from 101 GW to around 150 GW by 2050, pertaining to the US Department of Energy (DOE). 

Asia-Pacific is the fastest-growing flow meters market. The Asia-Pacific flow meters market is predicted to be worth USD 27,793 million by 2030, increasing at a 4% CAGR. Most Asian vendors use cost-cutting as a competitive advantage, which means they frequently sacrifice high quality. The region’s prominence in global sensor production benefits them in the market under investigation.

Panasonic introduced its new Ultrasonic Gas Flow Sensor in January 2020, adding emerging innovations to its vast specialty sensor product portfolio. This new sensor is a tiny, dual-function ultrasonic gas flow sensor that can quantify gas flow and density at flow rates varying from 1 to 25 liters per minute. It was previously only available as a Panasonic direct technology product.

Key Highlights

  • The flow meters market was valued at USD 6876 million in 2021 and is anticipated to generate USD 11,702 million by 2030. The market is expected to register growth at a CAGR of 6% during the assessment period. 
  • By technology, the market is classified into coriolis, electromagnetic, differential pressure, ultrasonic, and others. The coriolis segment is anticipated to generate USD 4,088 million by 2030 at a CAGR of 7%.
  • On the basis of end use, the flow meters market is classified into oil and gas, water and wastewater, chemical and petrochemical, food & beverage, power generation, pulp and paper, and other end-user industries. The chemicals and petrochemicals end-user segment was the highest contributor to the market, and is estimated to reach USD 3,123 million by 2030, at a CAGR of 7% during the forecast period.  

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/flow-meters-market/request-sample 

Key Players of the Flow Meters Market are 

  • Yokogawa Electric Corporation
  • ABB Ltd, Siemens AG
  • Bronkhorst High-Tech BV
  • Honeywell International Inc.
  • SICK AG
  • Omega Engineering Inc. (Spectris PLC)
  • Christian Bürkert GmbH & Co. KG
  • TSI Incorporated
  • Keyence Corporation
  • Emerson Electric Co.
  • Sensirion AG
  • Azbil Corporation
  • Endress+Hauser AG
  • KROHNE Messtechnik Gm

Global Flow Meters Market: Segmentation

By Technology

  • Coriolis
  • Electromagnetic
  • Differential Pressure
  • Ultrasonic
  • Others

By End-User

  • Oil and Gas
  • Water and Wastewater
  • Chemical and Petrochemical
  • Food & Beverage
  • Power Generation
  • Pulp and Paper General Industry
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

TABLE OF CONTENT

1          Introduction

1.1      Market Definition

1.2      Market Scope

2          Research Methodology

2.1      Primary Research

2.2      Research Methodology

2.3      Assumptions & Exclusions

2.4      Secondary Data Sources

3          Executive Summary

4          Market Overview

4.1      Report Segmentation & Scope

4.2      Value Chain Analysis: Flow Meters Market

4.2.1  Vendor Matrix

4.3      Key Market Trends

4.3.1  Drivers

4.3.2  Restraints

4.3.3  Opportunities

4.4      Porter’s Five Forces Analysis

4.4.1  Bargaining Power of Suppliers

4.4.2  Bargaining Power of Buyers

4.4.3  Threat of Substitution

4.4.4  Threat of New Entrants

4.4.5  Competitive Rivalry

4.5      Environment & Regulatory Landscape

4.6      Forecast Factors & Relevance of Impact

4.7      Macro-Economic & Geopolitical Scenario

4.8      Parent Market Overview

4.9      Technology Landscape

4.10   Market Share Analysis

4.11   Potential Venture Analysis

4.12   Regional Price Trends

4.13   Raw Material Trends

4.14   Cost Structure Analysis

4.14.1            Labor Cost

4.14.2            Consumables

4.14.3            Maintenance Cost

4.15   Covid-19 Impact Analysis:

4.15.1            Pre and Post Covid-19 Market Scenario Analysis

4.15.2            Market Recovery Timeline and Challenge

4.15.3            Measures Taken by Top Players

4.15.4            Quarterly Market Revenue and Growth Forecast till 2021

4.15.4.1        North America

4.15.4.2        Europe

4.15.4.3        Asia-Pacific

4.15.4.4        Central and South America and the Caribbean

4.15.4.5        The Middle East and Africa

5               Technology Overview

5.1      Introduction

5.1.1  Market Size & Forecast (Value & Volume)

5.2      Coriolis

5.2.1  Market Size & Forecast (Value & Volume)

5.3      Electromagnetic

5.3.1  Market Size & Forecast (Value & Volume)

5.4      Differential Pressure

5.4.1  Market Size & Forecast (Value & Volume)

5.5      Ultrasonic

5.5.1  Market Size & Forecast (Value & Volume)

5.6      Others

5.6.1  Market Size & Forecast (Value & Volume)

6               End User Overview

6.1      Introduction

6.1.1  Market Size & Forecast (Value & Volume)

6.2      Oil and Gas

6.2.1  Market Size & Forecast (Value & Volume)

6.3      Water and Wastewater

6.3.1  Market Size & Forecast (Value & Volume)

6.4      Chemical and Petrochemical

6.4.1  Market Size & Forecast (Value & Volume)

6.5      Food & Beverage

6.5.1  Market Size & Forecast (Value & Volume)

6.6      Power Generation

6.6.1  Market Size & Forecast (Value & Volume)

6.7      Pulp and Paper General Industry

6.7.1  Market Size & Forecast (Value & Volume)

6.8      Others

6.8.1  Market Size & Forecast (Value & Volume)

7             Regional Overview

7.1      Introduction

7.1.1  Market Size & Forecast (Value & Volume)

7.2      North America

7.2.1  Economic Overview

7.2.2  Market Scenario

7.2.3  U.S.

7.2.4  Canada

7.2.5  Mexico

7.3      Central and South America and the Caribbean

7.3.1  Economic Overview

7.3.2  Market Scenario

7.3.3  Brazil

7.3.4  Argentina

7.3.5  Colombia

7.3.6  Rest of Central and South America and the Caribbean

7.4      Europe

7.4.1  Economic Overview

7.4.2  Market Scenario

7.4.3  Germany

7.4.4  France

7.4.5  The U.K.

7.4.6  Italy

7.4.7  The Rest Of Europe

7.5      Asia-Pacific (APAC)

7.5.1  Economic Overview

7.5.2  Market Scenario

7.5.3  China

7.5.4  Japan

7.5.5  India

7.5.6  Australia

7.5.7  South Korea

7.5.8  Rest Of APAC

7.6      Middle East

7.6.1  Economic Overview

7.6.2  Market Scenario

7.6.3  South Arabia

7.6.4  The UAE

7.6.5  Qatar

7.6.6  Oman

7.6.7  Turkey

7.6.8  The Rest Of the Middle East

7.7      Africa

7.7.1  Economic Overview

7.7.2  Market Scenario

7.7.3  Nigeria

7.7.4  South Africa

7.7.5  The Rest Of Africa

8          Competitive Landscape — Manufacturers & Suppliers

8.1      Competition Dashboard

8.2      Industry Structure

8.3      Yokogawa Electric Corporation

8.3.1  Business Overview

8.3.2  Financial Performance

8.3.3  Recent Developments

8.3.4  Portfolio

8.4      ABB Ltd

8.5      Siemens AG

8.6      Bronkhorst High-Tech BV

8.7      Honeywell International Inc.

8.8      SICK AG

8.9      Omega Engineering Inc. (Spectris PLC)

8.10   Christian Bürkert GmbH & Co. KG

8.11   TSI Incorporated

8.12   Keyence Corporation

8.13   Emerson Electric Co.

8.14   Sensirion AG

8.15   Azbil Corporation

8.16   Endress+Hauser AG

8.17   KROHNE Messtechnik Gm

9          Conclusion & Recommendation

10       Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/flow-meters-market/toc 

Market News

  • In February 2021, Coltraco upgraded its non-invasive handheld ultrasonic flow meter. For accurate reporting, the Portsonic 2.FLO saves flow, acoustic, and pressure results. To confirm measured flow speeds and rates against a stationary pressure gauge in the system, the calculated pressure can be merged with readings from the Portasonic 2.FL0. Fire sprinkler systems, waste water, fuel monitoring, and foam proportioner testing are all applications for clamp-on flow metres.
  • In August 2020, AW-Lake introduced a new series of Clamp-On Ultrasonic Flow Meters that can be fastened on the outside of vertical or horizontal pipes ranging in size from ½” through 48”. These Clamp-On Ultrasonic Flow Meters are suitable for a wide spectrum of metal and plastic pipe materials, as well as challenging liquids like chemicals, viscous liquids, and abrasives that would impact standard flow metres. They are housed in a water- and dust-tight NEMA 4X polycarbonate enclosure.

News Media

Top 7 Sensor Technology Companies In The Global Market

The Tangential Flow Filtration Market to Benefit from the Widescale Adoption of Single-Use Technologies

Have a Look at the Related Research Report

Flow Meters Market: Information by Technology (Coriolis, Electromagnetic, Differential Pressure), End-User (Oil and Gas, Food & Beverage, Power Generation), and Region — Forecast till 2030

Robotic Refueling System Market: Information by Fuel Pumped (Gasoline, Natural Gas, Petrochemicals) Payload Carrying Capacity, Vertical (Mining, Automobile,) and Region— Forecast till 2029

Geothermal Heat Pumps Market: Information by Type (Closed-Loop, Open-Loop), Application (Residential, Commercial, Industrial), and Region — Forecast till 2030

Geothermal Energy Market: Information by Power Station (Dry Steam, Flash Steam, Binary Cycle Power Station), End-User (Residential, Non-Residential), and Region — Forecast till 2029

Industrial Rectifiers Market: Information by Type (SCR, SMPS), Power (Low to Medium Current, High Current), and Region — Forecast till 2030

About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

For more information on your target market, please contact us below:

Phone: +1 646 480 7505 (the U.S.)

+91 8087085354 (APAC)

+44 208 068 9665 (the U.K.)

Email: sales@straitsresearch.com

Follow Us: LinkedIn | Facebook | Instagram | Twitter



www.globenewswire.com

Tags: flowflow metersFlow Meters MarketFlow Meters Market Shareindustrial sensorMarketMetersOil & GasPetrochemicalprojectedreachSizeStraits Researchultrasonic flow meter marketUSD
Previous Post

U.S. pipeline companies eye nat gas infrastructure for growth

Next Post

Biden crackdown on Permian pollution to curb crude output, industry warns

Related Posts

Can Colombia Really Replace Oil And Gas Revenue?

Can Colombia Really Replace Oil And Gas Revenue?

by Oil Market News
January 30, 2023
0

Colombia’s new President, Gustavo Petro, wants to move the South American country away from fossil fuels and replace oil revenues...

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

by Oil Market News
January 29, 2023
0

Windfall taxes, price caps, and calls for more oil and gas production marked 2022 in oil and gas. It looks...

New tech could unleash NM’s clean geothermal energy potential

New tech could unleash NM’s clean geothermal energy potential

by Oil Market News
January 28, 2023
0

Canadian company Eavor Inc. has designed a new closed-loop system to tap geothermal energy in deep-underground hot-rock formations. Eavor applies...

Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

by Oil Market News
January 27, 2023
0

Veteran oilman Bob Simpson ushered a new venture to the New York Stock Exchange Friday when Fort Worth-based TXO Energy...

High-tech flights prompt Louisiana pollution notices | Environment

High-tech flights prompt Louisiana pollution notices | Environment

by Oil Market News
January 26, 2023
0

The rare use of high-tech helicopter surveillance has led to federal pollution violation notices for a list of Louisiana oil...

Mexican energy companies lag methane emission rules, investigators say

Mexican energy companies lag methane emission rules, investigators say

by Oil Market News
January 25, 2023
0

MEXICO CITY, Jan 25 (Reuters) - Mexican oil and gas companies, including state giant Pemex, are lagging behind on their...

Next Post
Biden crackdown on Permian pollution to curb crude output, industry warns

Biden crackdown on Permian pollution to curb crude output, industry warns

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Green shipping corridors: criteria for success

Green shipping corridors: criteria for success

2 months ago
OPEC+ boosts June crude output by 390,000 b/d, but wide quota gap persists: Platts

OPEC+ boosts June crude output by 390,000 b/d, but wide quota gap persists: Platts

7 months ago
Oil Prices Settle Higher as Easing China Lockdowns Stoke Demand Hopes By

Oil muted as price cap proposal eases supply concerns By Reuters

2 months ago
USS America (LHA-6) Sails the South China Sea with Some Teeth

USS America (LHA-6) Sails the South China Sea with Some Teeth

9 months ago
Exxon vs activists: can disenchanted investors force change?

Exxon vs activists: can disenchanted investors force change?

9 months ago
ADVERTISEMENT
IMO Updates Guidelines on Noise Pollution, But no Mandatory Rules for the Arctic

IMO Updates Guidelines on Noise Pollution, But no Mandatory Rules for the Arctic

January 31, 2023

Mexico’s Pemex seeks more than $1bn in bond sale

January 31, 2023

Can Colombia Really Replace Oil And Gas Revenue?

January 30, 2023

Monitoring Government: EPA tightens oil & gas emission rules

January 30, 2023

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023

Hudson inflates Biden’s role in oil prices

January 30, 2023

Crude Oil

S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023
Oil-Exporting Colombia Says No to Oil Exploration

Oil-Exporting Colombia Says No to Oil Exploration

January 28, 2023
German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

January 27, 2023

Investing

Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023
Chevron’s Profits Fall Short. Is This Top Warren Buffett Stock in Trouble?

Chevron’s Profits Fall Short. Is This Top Warren Buffett Stock in Trouble?

January 28, 2023
U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

January 27, 2023

Market

Mexico’s Pemex seeks more than $1bn in bond sale

Mexico’s Pemex seeks more than $1bn in bond sale

January 31, 2023
Shell launches shake-up under new chief Wael Sawan

Shell launches shake-up under new chief Wael Sawan

January 30, 2023
Big Oil’s profits juggernaut on pace to slow but not stop

Big Oil’s profits juggernaut on pace to slow but not stop

January 29, 2023
Tullow Oil: the end of an era for exploration and production

Tullow Oil: the end of an era for exploration and production

January 28, 2023

OPEC

OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
Top 20 Oil Exporting Countries in 2023

Top 20 Oil Exporting Countries in 2023

January 28, 2023
OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

January 27, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.