Flow Meter Market Size, Share, Opportunities, And Trends By Type (Velocity Flow Meter, Differential Pressure, Mass Flow Meter, Positive Displacement, Others), By Medium (Liquid, Gas), By End-User (Oil & Gas, Chemical, Water Treatment, Mining, Steel, Others), And By Geography - Forecasts From 2025 To 2030

Description

Flow Meter Market Size:

Flow Meter Market is forecasted to rise at a 6.15% CAGR, reaching USD 14.011 billion by 2030 from USD 10.397 billion in 2025.

A flow meter is a device used to measure the flow rate or quantity of a fluid, such as gas or liquid, that passes through a pipe or other enclosed space. It is typically used to monitor the flow of a fluid in an industrial process or to measure the consumption of a fluid in a residential or commercial application. Flow meters are used in a variety of applications, including chemical processing, oil and gas production, water treatment, and HVAC systems. They are also used in consumer applications such as water and gas meters for homes and businesses. The precise measurement of fluid flow is important in many industries, as it can impact product quality, production efficiency, and cost control. Thus, the growth of such industries drives the market for flow meters.

Flow Meter Market Growth Drivers:

• One of the main factors that drive the market for flow meters is the rising demand for oil and gas.

Flow meters play a critical role in the oil and gas industry, providing accurate and reliable measurements of fluids at various stages of production, transportation, and processing. Thus, the rise in demand for flow meters is fuelled by the growing production of oil and gas. For instance, according to the International Energy Agency, global oil production in 2020 was recorded at 4141 megatonnes (MT), furthermore, the agency predicts that the oil demand will increase from 91 thousand barrels per day (mb/d) in 2020 to around 104 mb/d in 2026. The same source also suggests that global oil production is forecasted to increase by an average of 1.1 million barrels per day (b/d) in 2023 and 1.5 million b/d in 2024. Data from IEA shows that around 46,578,007 terajoules (TJ) of oil was produced in the Middle East in 2020 whereas 12,157,338.0 TJ of oil production was recorded in Africa in the same year. Increasing natural gas production and consumption will also lead to the growth of the flow meter market. IEA data shows that global natural gas production was recorded at 4014 billion cubic meters (BCM) in 2020. The global natural gas final consumption was recorded at 73,513,956.0 TJ in 2020. Data from the U.S. Energy Information Administration indicates that the total natural gas consumption in the U.S. has gone up from 3,346,928 million cubic feet (MMcf) in 2021 to 3,593,028 MMcf in 2022. Such an increase the in production and consumption of oil & natural gas will drive the market growth of the flow meters.

• The growing investments in water treatment plants are anticipated to drive the growth of the flow meter market.

Flow meters play a critical role in the water treatment process, allowing operators to monitor and control water flow rates and ensure that the water is treated to the required standards. By providing accurate and reliable flow measurements, flow meters can help optimize the treatment process, improve efficiency, and reduce costs. Increasing investments made in the development of such water treatment plants will drive the growth of the flow meter market. For instance, in August 2022, the Biden-Harris Administration disclosed its plan to invest $75 million in providing clean drinking water and safe wastewater infrastructure for rural areas of West Virginia. Additionally, the City of Lewisburg secured $52.7 million in loans and grants from the USDA to upgrade its water treatment facility. Similarly, in September 2022, the United States and Mexico agreed to invest $474 million in the expansion of wastewater plants, underscoring their commitment to enhancing wastewater management infrastructure. Furthermore, in a move to bolster water and wastewater infrastructure in Romania, the European Commission approved funding of over €65 million in September 2022. Canada and Ontario revealed their plans to invest approximately $190.2 million in 144 community water infrastructure projects in April 2022. Likewise, The European Investment Bank (EIB) allocated roughly €50 million to enhance water treatment plants in 36 municipalities throughout Italy in August 2022. Thus, the rising investments in water treatment plants are expected to drive substantial growth in the flow meter market.

Flow Meter Market Geographical Outlook:

• The Asia Pacific region is expected to show the maximum growth potential for the flow meter market.

The growth of this market in the Asia Pacific region is attributed to the rapid growth in industries such as oil and gas, water and wastewater treatment, and chemical processing in several emerging economies including China, India, and Japan. These industries are major users of flow meters, and as they continue to expand, so too does the demand for flow measurement devices. For instance, data from the U.S. Energy Information Administration indicates in 2021, the demand for crude oil in India rose by 5% to reach 4.7 million barrels per day. The same source reported that China's consumption of petroleum and other liquids was approximately 15.3 million barrels per day in 2021, which is an increase of around 6%, or 840,000 barrels per day, compared to 2020. Similarly, growing investments in water treatment plants to increase the accessibility of clean drinking water in this region will also help in the growth of the flow meter market. For instance, in December 2022, Daiki Axis Japan completed an investment of around INR 200 crore for the construction and development of wastewater treatment units in India. The rising chemical industry in the countries of this region is also expected to boost the market for flow meters. For instance, according to a report published by the Indian Ministry of Chemicals and Fertilizers in 2021, the production of major chemicals in the country grew by 3.06% in 2019, and the production of major petrochemicals grew by 17.04% in the same year. The same report also indicates that the production of major chemicals increased from 16269 thousand tonnes in 2019 to 19041 thousand tonnes in 2020. The growing mining sector in this region is expected to drive the demand for flow meters. For instance, China's National Bureau of Statistics reported a 4.90% increase in mining production from 2021 to 2022. The Ministry of Statistics and Programme Implementation (MOSPI) reported that, in January 2023, there was an 8.81% increase in mining production in India compared to the corresponding period of the previous year. Additionally, the steel industry is a significant user of flow meters, particularly for measuring the flow of water and other fluids in various stages of the steel production process. The growing steel industry in this region is another reason behind the growing demand for flow meters. For instance, according to a report by the National Bureau of Statistics of China, crude steel production in the country experienced a significant growth of 8.4% (94.85 million tonnes) in August 2020 as compared to the same period in the preceding year. In another instance, The Indian Ministry of Steel reported that in 2021, India became the second-largest global producer of steel, generating approximately 118.20 MT (million tonnes) of crude steel, indicating a growth rate of 17.9% compared to the corresponding period in 2020. Thus, the growth of these industries will drive the demand for flow meters in the Asia Pacific region.

Segmentation

• FLOW METERS MARKET BY TYPE
  • Differential Pressure
  • Positive Displacement
  • Mass Flow
  • Ultrasonic
  • Others
• FLOW METERS MARKET BY MEDIUM
  • Liquid
  • Gas
• FLOW METERS MARKET BY CONNECTIVITY
  • Wired
  • Wireless
• FLOW METERS MARKET BY END-USER
  • Oil & Gas
  • Chemicals & Petrochemicals
  • Water Treatment
  • Mining
  • Metallurgy
  • Others
• FLOW METERS MARKET BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Taiwan
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
    2.1. Market Overview
    2.2. Market Definition
    2.3. Scope of the Study
    2.4. Market Segmentation
3. BUSINESS LANDSCAPE
    3.1. Market Drivers
    3.2. Market Restraints
    3.3. Market Opportunities
    3.4. Porter’s Five Forces Analysis
    3.5. Industry Value Chain Analysis
    3.6. Policies and Regulations
    3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. FLOW METERS MARKET BY TYPE
    5.1. Introduction
    5.2. Differential Pressure
    5.3. Positive Displacement
    5.4. Mass Flow
    5.5. Ultrasonic
    5.6. Others
6. FLOW METERS MARKET BY MEDIUM
    6.1. Introduction
    6.2. Liquid
    6.3. Gas
7. FLOW METERS MARKET BY CONNECTIVITY
    7.1. Introduction
    7.2. Wired
    7.3. Wireless
8. FLOW METERS MARKET BY END-USER
    8.1. Introduction
    8.2. Oil & Gas
    8.3. Chemicals & Petrochemicals
    8.4. Water Treatment
    8.5. Mining
    8.6. Metallurgy
    8.7. Others
9. FLOW METERS MARKET BY GEOGRAPHY
    9.1. Introduction
    9.2. North America
        9.2.1. USA
        9.2.2. Canada
        9.2.3. Mexico
    9.3. South America
        9.3.1. Brazil
        9.3.2. Argentina
        9.3.3. Others
    9.4. Europe
        9.4.1. Germany
        9.4.2. France
        9.4.3. United Kingdom
        9.4.4. Spain
        9.4.5. Others
    9.5. Middle East and Africa
        9.5.1. Saudi Arabia
        9.5.2. UAE
        9.5.3. Israel
        9.5.4. Others
    9.6. Asia Pacific
        9.6.1. China
        9.6.2. India
        9.6.3. Japan
        9.6.4. South Korea
        9.6.5. Indonesia
        9.6.6. Taiwan
        9.6.7. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
    10.1. Major Players and Strategy Analysis
    10.2. Market Share Analysis
    10.3. Mergers, Acquisitions, Agreements, and Collaborations
    10.4. Competitive Dashboard
11. COMPANY PROFILES
    11.1. ABB Ltd.
    11.2. Honeywell International Inc.
    11.3. Emerson Electric Co.
    11.4. Dwyer Instruments LLC
    11.5. CS Instruments GmbH
    11.6. Endress+Hauser Group Services AG
    11.7. Baker Hughes Company
    11.8. Hitachi High-Tech Corporation
    11.9. Flow Meter Group
    11.10. McCrometer Inc.
12. APPENDIX
    12.1. Currency
    12.2. Assumptions
    12.3. Base and Forecast Years Timeline
    12.4. Key benefits for the stakeholders
    12.5. Research Methodology
    12.6. Abbreviations
LIST OF FIGURES
LIST OF TABLES

Companies Profiled

ABB Ltd

Honeywell International Inc

Emerson Electric Co

Dwyer Instruments LLC

CS Instruments GmbH

Endress+Hauser Group Services AG

Baker Hughes Company

Hitachi High-Tech Corporation

Flow Meter Group

McCrometer Inc

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