The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing oil and gas and wastewater sectors are likely to boost flow metre innovation, propelling the market during the forecast period.

The global flow meter market is expected to grow from $8.23 billion in 2022 to $8.69 billion in 2023 at a compound annual growth rate (CAGR) of 5.59%. The global flow meter market size is expected to reach $11.12 billion in 2027 at a CAGR of 6.35%.

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Global Flow Meter Market Segments Include:

• By Type: Differential Pressure, Positive Displacement, Ultrasonic, Turbine, Magnetic, Coriolis, Vortex, Other Types
• By Power Type: Electric, Solar, Battery Powered
• By Pipe Size: 2 Inches, 4 Inches, 6 Inches, More Than 6 Inches
• By End User: Water And Waste Water, Refining And Petrochemical, Oil And Gas, Chemical, Power Generation, Pulp And Paper, Food And Beverage, Pharmaceutical, Metals And Mining, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global flow meter market in 2021.

Major Market Players in the flow meter market include Endress+Hausar AG, Honeywell International Inc., Krohne Messtechnik Gmbh, Siemens AG, Yokogawa Electric Corporation, ABB Ltd., Emerson Electric Co., Azbil Corporation.

Technological advancement is a major trend that is gaining traction in the flow metre market. Major players in the flow metre market are focusing on producing innovative solutions to increase their market position. In May 2022, for example, SONOTEC, a Germany-based technology company specialising in ultrasonic testing solutions, including flow metres, launched SONOFLOW CO.55, a high-accuracy clamp-on flow metre that uses ultrasonic technology to measure flow rates, and its clamp-on design enables easy installation and maintenance without requiring any interruptions to the flow system, thereby eliminating any risk of contamination. These reusable, non-invasive sensors can be used in both single-use and hybrid contexts in the bioprocessing industry.

The Flow Meter Global Market Report 2023  provides a flow meter market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The flow meter market forecast analyzes flow meter market size, flow meter market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A flow metre is a device that measures the amount or flow rate of a liquid, gas, or vapour that travels through it. Flow metres are essential tools for controlling and monitoring fluid flow in industrial and commercial applications because they enable operators to modify flow rates to optimise performance, eliminate waste, and assure safety.

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