CHICAGO, June 21,
2024 /PRNewswire/ -- The report "Flow Meter
Market by Type (Differential Pressure, Positive Displacement,
Magnetic (In-line, Insertion, Low Flow), Ultrasonic (Spool piece,
Clamp-on, Insertion), Coriolis, Turbine, Vortex), End-use Industry,
and Region - Global Forecast to 2029", is projected to reach
USD 12.6 billion by 2029, at a CAGR
of 6.7% from USD 9.1 billion in
2024.
Browse in-depth TOC on "Flow Meter Market".
252 –
Tables
53 – Figures
210 – Pages
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1191
Flow meters are crucial devices used across various industries
to measure the volume or mass of a fluid moving through a system.
They provide essential data for monitoring and controlling the flow
of liquids and gases in applications such as water and wastewater
management, ensuring efficient distribution and treatment
processes. In the oil and gas industry, flow meters measure
extraction rates, monitor pipeline integrity, and optimize refining
processes. The chemical and petrochemical industries use them for
precise measurement of raw materials and final products, ensuring
consistent quality and safety. In food and beverage production,
flow meters maintain product consistency and hygiene standards.
Additionally, in pharmaceuticals, they ensure accurate dosing and
blending of ingredients.
"Refining & petrochemical segment is estimated to be the
second fastest-growing end-use industry for flow meter market
during the forecast period 2024 to 2029."
The refining and petrochemical segment is estimated to be the
second fastest-growing end-use industry for the flow meter market
due to several key factors. This sector requires precise and
reliable flow measurements to ensure optimal process control,
product quality, and safety. As global demand for refined petroleum
products and petrochemicals continues to rise, refineries and
petrochemical plants are investing in advanced flow meter
technologies to enhance operational efficiency and reduce downtime.
Additionally, stringent regulatory standards for environmental
compliance and safety in this industry drive the need for accurate
flow monitoring solutions. Innovations in flow meter technology,
such as improved accuracy, durability, and integration with digital
control systems, further support their growing adoption in the
refining and petrochemical sector.
"Europe was the second
largest region for the flow meter market in 2023, in terms of
value."
Europe is the second largest
region in the flow meter market in 2023 due to its advanced
industrial base, stringent regulatory standards, and strong focus
on technological innovation. The region's well-established oil and
gas sector, along with significant investments in renewable energy
projects, drives demand for accurate flow measurement solutions.
Additionally, Europe's robust
chemical, pharmaceutical, and food and beverage industries rely
heavily on precise flow meters to maintain product quality and
process efficiency. The European Union's strict environmental
regulations also necessitate the use of advanced flow meters for
water and wastewater management. Moreover, ongoing infrastructure
modernization and the adoption of smart technologies across various
sectors further bolster the demand for flow meters in Europe, cementing its position as a key
market.
Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1191
Key Players:
The key market players identified in the report are Honeywell
International Inc. (US), Siemens AG (Germany), Emerson Electric Co. (US), ABB Ltd.
(Switzerland), Yokogawa Electric
Corporation (Japan), Azbil
Corporation (Japan), Badger Meter,
Inc. (US), Endress+Hauser Management AG (Switzerland), Krohne Messtechnik GmbH
(Germany), and Schneider Electric
(France).
Related Reports:
Flexible Packaging Companies – Global Market
Leaders
Paints & Coatings Companies - Global Market
Leaders
Browse Adjacent Market: Equipment Machine and Tooling
Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's
best management consulting firms by Forbes, as per their recent
report.
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine
offering to drive supernormal growth for progressive organizations
in the B2B space. We have the widest lens on emerging technologies,
making us proficient in co-creating supernormal growth for
clients.
Earlier this year, we made a formal transformation into one of
America's best management consulting firms as per a survey
conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are
substituting existing revenue streams in this decade alone. We work
with clients on growth programs, helping them monetize this
$25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM) Strategy to
Execution, Market Share Gain, Account Enablement, and Thought
Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several
Forbes Global 2000 B2B companies - helping them stay relevant in a
disruptive ecosystem. Our insights and strategies are molded by our
industry experts, cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore™ (our Market
Intelligence Cloud) integrates our research, facilitates an
analysis of interconnections through a set of applications, helping
clients look at the entire ecosystem and understand the revenue
shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or
follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan
Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research
Insights: https://www.marketsandmarkets.com/ResearchInsight/flow-meters-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source:
https://www.marketsandmarkets.com/PressReleases/flow-meters.asp
Logo:
https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original
content:https://www.prnewswire.com/news-releases/flow-meter-market-worth-12-6-billion-by-2029--exclusive-report-by-marketsandmarkets-302178874.html
SOURCE MarketsandMarkets