Product Code: 5075
Flow Meter Market is anticipated to grow substantially through 2032 given the growing product use in renewable energy applications. Flow meters help measure pressure, temperature, density, viscosity, and vapour pressure, in a single reading. Besides, it also supports monitoring safety conditions such as toxicity, bubbles, the presence of abrasives, and transmission qualities, which is anticipated to spur its adoption in the future.
The rising use of fluid flow meters in the everyday process in industries such as food and beverage, utility services, chemical, automotive, HVAC, petroleum, and many others will support the industry growth. The fluid flow meters further assist in regulating power generation and liquid flow in refineries and water treatment plants accurately.
The key players in the flow meter industry are constantly engaging in strategic initiatives including partnerships, mergers, acquisitions, and introduction of novel and advanced products to strengthen their foothold in the market. To cite an instance, in 2019, Emerson successfully acquired Zedi's Software and Automation Businesses. With this new platform addition, Emerson will be able to assist oil and gas producers in increasing production and lowering operating costs through cloud-based monitoring, control, and optimization.
Overall, the flow meter industry is segmented in terms of product, industry verticals, and region.
Based on product, the thermal flow meter industry held over 5% market share in 2022. The segmental growth will come from the rising requirement for low-maintenance instruments to construct industrial plants. Besides, thermal flow meter offers several benefits, such as low maintenance and no temperature and pressure correction requirement, all of which are expected to spur its adoption in construction activities in the following years.
By industry verticals, the semiconductor segment accounted for over 1% market share in 2022. The thriving market expansion through 2032 can be credited to the increasing application of semiconductors in the automotive industry and electronics industries. In addition, a mass flow controller (MFC) is used to control gas flow to produce the desired structures during chip fabrication.
Regionally, the Europe flow meter industry is anticipated to depict over 20% market share by 2032, owing to high product growth in the European region. Besides, the presence of several leading giants in the flow meter manufacturing industry, such as ABB Ltd., Hydac Electronics, and more, has resulted in increasing the production of flow meters. In addition, the growing demand for Coriolis, magnetic, and ultrasonic flow meters will also help the market grow considerably in the future.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market Definition
- 1.2 Base estimates & forecast
- 1.3 Forecast calculations
- 1.4 Data Sources
- 1.4.1 Secondary
- 1.4.2 Primary
- 1.5 Industry Glossary
Chapter 2 Executive Summary
- 2.1 Flow meter market industry 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023 - 2032
- 2.3 Regional trends
- 2.4 Product type trends
- 2.5 Industry verticals trends
Chapter 3 Flow Meter Market Industry Insights
- 3.1 Introduction
- 3.2 Impact of COVID-19 outbreak
- 3.2.1 Global outlook
- 3.2.2 Impact by region
- 3.2.2.1 North America
- 3.2.2.2 Europe
- 3.2.2.3 Asia Pacific
- 3.2.2.4 Latin America
- 3.2.2.5 Middle East & Africa
- 3.3 Impact analysis of Russia-Ukraine war
- 3.4 Impact of U.S. - China trade war
- 3.5 Flow meter market industry ecosystem analysis
- 3.5.1 Raw material suppliers
- 3.5.2 Manufacturers
- 3.5.3 Distributors
- 3.5.4 Vendor matrix
- 3.6 Profit margin analysis
- 3.7 Technology & innovation landscape
- 3.7.1 Clamp-on flow meter
- 3.7.2 accQpulse Velocity Profiler (Teledyne)
- 3.8 Patent analysis
- 3.9 Investment portfolio
- 3.10 Key initiatives & news
- 3.11 Regulatory landscape
- 3.11.1 North America
- 3.11.2 Europe
- 3.11.3 Asia Pacific
- 3.11.4 Latin America
- 3.11.5 MEA
- 3.12 Industry impact forces
- 3.12.1 Growth drivers
- 3.12.1.1 Increase in pharmaceutical production amid to COVID-19 pandemic
- 3.12.1.2 Government initiatives to propel semiconductor manufacturing industry in developing countries
- 3.12.1.3 Rising demand for the flow meters in the food and beverages sector
- 3.12.1.4 Growing oil & gas and wastewater industry
- 3.12.1.5 Rise in the use of the flow metres at renewable energy application
- 3.12.2 Industry pitfalls & challenges
- 3.12.2.1 High cost of coriolis and magnetic flow meters
- 3.13 Growth potential analysis
- 3.14 Porter's analysis
- 3.15 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company market share, 2022
- 4.3 Competitive analysis of key market players, 2022
- 4.3.1 ABB
- 4.3.2 Emerson Electric Co.
- 4.3.3 Panasonic Corporation
- 4.3.4 OMRON Corporation
- 4.3.5 Renesas Electronics Corporation
- 4.4 Competitive analysis of innovative players, 2022
- 4.4.1 Siemens AG
- 4.4.2 Honeywell International Inc
- 4.4.3 TE Connectivity
- 4.4.4 Keyence Corporation
- 4.4.5 SICK AG
- 4.5 Competitive positioning matrix
- 4.6 Strategic outlook matrix
Chapter 5 Flow Meter Market, By Product Type (Revenue, Shipments)
- 5.1 Key trends, by product type
- 5.2 Thermal
- 5.2.1 Market estimates and forecast, 2018 - 2032
- 5.3 Differential flow
- 5.3.1 Market estimates and forecast, 2018 - 2032
- 5.4 Coriolis
- 5.4.1 Market estimates and forecast, 2018 - 2032
- 5.5 Ultrasonic
- 5.5.1 Market estimates and forecast, 2018 - 2032
- 5.6 Vortex
- 5.6.1 Market estimates and forecast, 2018 - 2032
- 5.7 Magnetic
- 5.7.1 Market estimates and forecast, 2018 - 2032
- 5.8 Turbine
- 5.8.1 Market estimates and forecast, 2018 - 2032
- 5.9 Others
- 5.9.1 Market estimates and forecast, 2018 - 2032
Chapter 6 Flow Meter Market, Industry Verticals (Revenue, Shipments)
- 6.1 Key trends, by industrial vertical
- 6.2 Semiconductors
- 6.2.1 Market estimates and forecast, 2018 - 2032
- 6.3 Oil & gas
- 6.3.1 Market estimates and forecast, 2018 - 2032
- 6.4 Water and wastewater treatment
- 6.4.1 Market estimates and forecast, 2018 - 2032
- 6.5 Chemical
- 6.5.1 Market estimates and forecast, 2018 - 2032
- 6.6 Pharmaceutica
- 6.6.1 Market estimates and forecast, 2018 - 2032
- 6.7 Food and beverage
- 6.7.1 Market estimates and forecast, 2018 - 2032
- 6.8 Healthcare & life science
- 6.8.1 Market estimates and forecast, 2018 - 2032
- 6.9 Pulp & paper
- 6.9.1 Market estimates and forecast, 2018 - 2032
- 6.10 Others
- 6.10.1 Market estimates and forecast, 2018 - 2032
Chapter 7 Flow Meter Market, By Region (Revenue, Shipments)
- 7.1 Key trends, by region
- 7.2 North America
- 7.2.1 Market estimates and forecast, 2018 - 2032
- 7.2.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.2.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.2.4 U.S.
- 7.2.4.1 Market estimates and forecast, 2018 - 2032
- 7.2.4.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.2.4.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.2.5 Canada
- 7.2.5.1 Market estimates and forecast, 2018 - 2032
- 7.2.5.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.2.5.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.3 Europe
- 7.3.1 Market estimates and forecast, 2018 - 2032
- 7.3.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.3.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.3.4 UK
- 7.3.4.1 Market estimates and forecast, 2018 - 2032
- 7.3.4.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.3.4.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.3.5 Germany
- 7.3.5.1 Market estimates and forecast, 2018 - 2032
- 7.3.5.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.3.5.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.3.6 France
- 7.3.6.1 Market estimates and forecast, 2018 - 2032
- 7.3.6.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.3.6.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.3.7 Italy
- 7.3.7.1 Market estimates and forecast, 2018 - 2032
- 7.3.7.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.3.7.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.3.8 Netheralnds
- 7.3.8.1 Market estimates and forecast, 2018 - 2032
- 7.3.8.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.3.8.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.3.9 Russia
- 7.3.9.1 Market estimates and forecast, 2018 - 2032
- 7.3.9.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.3.9.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.4 Asia Pacific
- 7.4.1 Market estimates and forecast, 2018 - 2032
- 7.4.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.4.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.4.4 China
- 7.4.4.1 Market estimates and forecast, 2018 - 2032
- 7.4.4.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.4.4.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.4.5 India
- 7.4.5.1 Market estimates and forecast, 2018 - 2032
- 7.4.5.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.4.5.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.4.6 Japan
- 7.4.6.1 Market estimates and forecast, 2018 - 2032
- 7.4.6.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.4.6.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.4.7 South Korea
- 7.4.7.1 Market estimates and forecast, 2018 - 2032
- 7.4.7.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.4.7.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.4.8 Taiwan
- 7.4.8.1 Market estimates and forecast, 2018 - 2032
- 7.4.8.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.4.8.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.5 Latin America
- 7.5.1 Market estimates and forecast, 2018 - 2032
- 7.5.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.5.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.5.4 Brazil
- 7.5.4.1 Market estimates and forecast, 2018 - 2032
- 7.5.4.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.5.4.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.5.5 Mexico
- 7.5.5.1 Market estimates and forecast, 2018 - 2032
- 7.5.5.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.5.5.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.6 MEA
- 7.6.1 Market estimates and forecast, 2018 - 2032
- 7.6.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.6.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.6.4 GCC
- 7.6.4.1 Market estimates and forecast, 2018 - 2032
- 7.6.4.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.6.4.3 Market estimates and forecast, by industry verticals, 2018 - 2032
- 7.6.5 South Africa
- 7.6.5.1 Market estimates and forecast, 2018 - 2032
- 7.6.5.2 Market estimates and forecast, by product type, 2018 - 2032
- 7.6.5.3 Market estimates and forecast, by industry verticals, 2018 - 2032
Chapter 8 Company Profiles
- 8.1 Alicat Scientific
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
- 8.2 ABB
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 Brooks Instrument
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 Emerson Electric Co.
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 FESTO
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Honeywell International Inc
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 HYDAC ELECTRONIC
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 INNOVATIVE SENSOR TECHNOLOGY IST AG
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
- 8.9 Keyence Corporation
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 McMillan Flow Products
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
- 8.11 OMRON Corporation
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 Panasonic Corporation
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Renesas Electronics Corporation
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 Sensirion AG
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 SICK AG
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis
- 8.16 Siemens AG
- 8.16.1 Business Overview
- 8.16.2 Financial Data
- 8.16.3 Product Landscape
- 8.16.4 Strategic Outlook
- 8.16.5 SWOT Analysis
- 8.17 SIKA Dr. Siebert & Kühn GmbH & Co. KG
- 8.17.1 Business Overview
- 8.17.2 Financial Data
- 8.17.3 Product Landscape
- 8.17.4 Strategic Outlook
- 8.17.5 SWOT Analysis
- 8.18 SONOTEC GmbH
- 8.18.1 Business Overview
- 8.18.2 Financial Data
- 8.18.3 Product Landscape
- 8.18.4 Strategic Outlook
- 8.18.5 SWOT Analysis
- 8.19 TE Connectivity
- 8.19.1 Business Overview
- 8.19.2 Financial Data
- 8.19.3 Product Landscape
- 8.19.4 Strategic Outlook
- 8.19.5 SWOT Analysis
- 8.20 TSI
- 8.20.1 Business Overview
- 8.20.2 Financial Data
- 8.20.3 Product Landscape
- 8.20.4 Strategic Outlook
- 8.20.5 SWOT Analysis
- 8.21 Wenglor
- 8.21.1 Business Overview
- 8.21.2 Financial Data
- 8.21.3 Product Landscape
- 8.21.4 Strategic Outlook
- 8.21.5 SWOT Analysis