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Flow Meter Market Forecast and Opportunities 2025 Flipbook PDF
Global flow meter market was valued at USD7.7 billion in 2019 and is expected to decline in 2020 due to the negative eff
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2015 – 2025 GLOBAL FLOW METER MARKET
www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
© TechSci Research
COMPETITION, FORECAST AND OPPORTUNITIES
1
Table of Contents S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Executive Summary
4.
Voice of Customer
5.
4.1.
Factors considered while selecting a supplier
4.2.
Brand awareness
4.3.
Challenges/issues faced post purchase
4.4.
Major unmet needs for flow meters
Global Flow Meter Market Outlook 5.1.
Market Size & Forecast 5.1.1.
5.2.
5.3.
By Value & Volume
Market Share & Forecast 5.2.1.
By Type (Magnetic, Coriolis, Ultrasonic, Differential Pressure, Positive Displacement, Turbine, Vortex and Others)
5.2.2.
By End-Use (Water & Wastewater, Oil & Gas, Chemicals & Petrochemicals, Power Generation, Pulp & Paper, Food & Beverages and Others)
5.2.3.
By Region (Asia-Pacific; Europe; North America; South America; Middle East & Africa)
5.2.4.
By Company (2019)
Market Attractiveness Index
2
Table of Contents S. No. 6.
Contents Asia-Pacific Flow Meter Market Outlook 6.1.
Market Size & Forecast 6.1.1.
6.2.
6.3.
By Value & Volume
Market Share & Forecast 6.2.1.
By Type
6.2.2.
By End-Use
6.2.3.
By Country
China Flow Meter Market Outlook 6.3.1.
Market Size & Forecast 6.3.1.1.
6.3.2.
6.4.
By Value
Market Share & Forecast 6.3.2.1.
By Type
6.3.2.2.
By End-Use
India Flow Meter Market Outlook 6.4.1.
Market Size & Forecast 6.4.1.1.
6.4.2.
By Value
Market Share & Forecast
3
Table of Contents S. No.
Contents
6.5.
6.4.2.1.
By Type
6.4.2.2.
By End-Use
Japan Flow Meter Market Outlook 6.5.1.
Market Size & Forecast
6.5.1.1. 6.5.2.
6.6.
Market Share & Forecast 6.5.2.1.
By Type
6.5.2.2.
By End-Use
South Korea Flow Meter Market Outlook 6.6.1.
Market Size & Forecast 6.6.1.1.
6.6.2.
6.7.
By Value
By Value
Market Share & Forecast 6.6.2.1.
By Type
6.6.2.2.
By End-Use
Australia Flow Meter Market Outlook 6.7.1.
Market Size & Forecast 6.7.1.1.
By Value
4
Table of Contents S. No.
Contents 6.7.2.
6.8.
Market Share & Forecast 6.7.1.2.
By Type
6.7.1.2.
By End-Use
Thailand Flow Meter Market Outlook 6.8.1.
Market Size & Forecast 6.8.1.1.
6.8.2.
6.9.
Market Share & Forecast 6.8.2.1.
By Type
6.8.2.2.
By End-Use
Malaysia Flow Meter Market Outlook 6.9.1.
Market Size & Forecast
6.9.1.1. 6.9.2.
7.
By Value
By Value
Market Share & Forecast 6.9.2.1.
By Type
6.9.2.2.
By End-Use
Europe Flow Meter Market Outlook 7.1.
Market Size & Forecast 7.1.1.
By Value & Volume
5
Table of Contents S. No.
Contents 7.2.
7.3.
Market Share & Forecast 7.2.1.
By Type
7.2.2.
By End-Use
7.2.3.
By Country
Germany Flow Meter Market Outlook 7.3.1.
Market Size & Forecast 7.3.1.1.
7.3.2.
7.4.
Market Share & Forecast 7.3.2.1.
By Type
7.3.2.2.
By End-Use
France Flow Meter Market Outlook 7.4.1.
Market Size & Forecast 7.4.1.1.
7.4.2.
7.5.
By Value
By Value
Market Share & Forecast 7.4.2.1.
By Type
7.4.2.2.
By End-Use
United Kingdom Flow Meter Market Outlook 7.5.1.
Market Size & Forecast
6
Table of Contents S. No.
Contents 7.5.1.1. 7.5.2.
7.6.
Market Share & Forecast
7.5.2.1.
By Type
7.5.2.2.
By End-Use
Italy Flow Meter Market Outlook 7.6.1.
Market Size & Forecast 7.6.1.1.
7.6.2.
7.7.
By Value
Market Share & Forecast 7.6.2.1.
By Type
7.6.2.2.
By End-Use
Spain Flow Meter Market Outlook 7.7.1.
Market Size & Forecast 7.7.1.1.
7.7.2.
8.
By Value
By Value
Market Share & Forecast 7.7.2.1.
By Type
7.7.2.2.
By End-Use
North America Flow Meter Market Outlook
7
Table of Contents S. No.
Contents 8.1.
Market Size & Forecast 8.1.1.
8.2.
8.3.
By Value & Volume
Market Share & Forecast 8.2.1.
By Type
8.2.2.
By End-Use
8.2.3.
By Country
United States Flow Meter Market Outlook 8.3.1.
Market Size & Forecast 8.3.1.1.
8.3.2.
8.4.
By Value
Market Share & Forecast 8.3.2.1.
By Type
8.3.2.2.
By End-Use
Canada Flow Meter Market Outlook 8.4.1.
Market Size & Forecast 8.4.1.1.
8.4.2.
By Value
Market Share & Forecast 8.4.2.1.
By Type
8
Table of Contents S. No.
Contents 8.4.2.2. 8.5.
Mexico Flow Meter Market Outlook 8.5.1.
Market Size & Forecast
8.5.1.1. 8.5.2.
9.
By End-Use
By Value
Market Share & Forecast 8.5.2.1.
By Type
8.5.2.2.
By End-Use
South America Flow Meter Market Outlook 9.1.
Market Size & Forecast 9.1.1.
9.2.
9.3.
By Value & Volume
Market Share & Forecast
9.2.1.
By Type
9.2.2.
By End-Use
9.2.3.
By Country
Brazil Flow Meter Market Outlook 9.3.1.
Market Size & Forecast 9.3.1.1.
By Value
9
Table of Contents S. No.
Contents 9.3.2.
9.4.
Market Share & Forecast
9.3.2.1.
By Type
9.3.2.2.
By End-Use
Argentina Flow Meter Market Outlook 9.4.1.
Market Size & Forecast 9.4.1.1.
9.4.2.
9.5.
Market Share & Forecast 9.4.2.1.
By Type
9.4.2.2.
By End-Use
Columbia Flow Meter Market Outlook 9.5.1.
Market Size & Forecast 9.5.1.1.
9.5.2.
10.
By Value
By Value
Market Share & Forecast 9.5.2.1.
By Type
9.5.2.2.
By End-Use
Middle East & Africa Flow Meter Market Outlook 10.1.
Market Size & Forecast
10
Table of Contents S. No.
Contents 10.1.1. 10.2.
10.3.
By Value
Market Share & Forecast 10.2.1.
By Type
10.2.2.
By End-Use
10.2.3.
By Country
Saudi Arabia Flow Meter Market Outlook 10.3.1.
Market Size & Forecast 10.3.1.1.
10.3.2.
10.4.
By Value
Market Share & Forecast 10.3.2.1.
By Type
10.3.2.2.
By End-Use
UAE Flow Meter Market Outlook 10.4.1.
Market Size & Forecast 10.4.1.1.
10.4.2.
By Value
Market Share & Forecast 10.4.2.1.
By Type
10.4.2.2.
By End-Use
11
Table of Contents S. No.
Contents 10.5.
Iran Flow Meter Market Outlook 10.5.1.
Market Size & Forecast 10.5.1.1.
10.5.2.
10.6.
Market Share & Forecast 10.5.2.1.
By Type
10.5.2.2.
By End-Use
South Africa Flow Meter Market Outlook 10.6.1.
Market Size & Forecast 10.6.1.1.
10.6.2.
11.
By Value
By Value
Market Share & Forecast
10.6.2.1.
By Type
10.6.2.2.
By End-Use
Market Dynamics 11.1.
Drivers
11.2.
Challenges
12.
Market Trends & Developments
13.
Competitive Landscape
12
Table of Contents S. No.
Contents 13.1.
Company Profiles 13.1.1. ABB Limied 13.1.2. Emerson Electric Company 13.1.3. Siemens AG 13.1.4 Endress + Hauser 13.1.5 Yokogawa Electric Corporation 13.1.6 Honeywell International Inc. 13.1.7 General Electric 13.1.8 Badger Meter Inc. 13.1.9 Azbil Corporation 13.1.10 Schneider Electric Se
13.1.11 Krohne Messtechnik GmbH 14.
Strategic Recommendations
15.
About Us & Disclaimer
13
List of Figures
Figure No.
Title
Figure 1:
Global Flow Meter Market Size, By Value (USD Billion), By Volume (Million Units), 2015-2025F
Figure 2:
Global Flow Market Share, By Type, By Value, 2015-2025F
Figure 3:
Global Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 4:
Global Flow Meter Market Share, By Region, By Value, 2015-2025F
Figure 5:
Global Flow Meter Market Share, By Company, By Value, 2019
Figure 6:
Market Map, By Type Market Size (USD Billion) & Growth Rate (%)
Figure 7:
Market Map, By End Use Market Size (USD Billion) & Growth Rate (%)
Figure 8:
Market Map, By Region Market Size (USD Billion) & Growth Rate (%)
Figure 9:
Asia-Pacific Flow Meter Market Size, By Value (USD Billion), By Volume (Million Units), 2015-2025F
Figure 10:
Asia-Pacific Flow Market Share, By Type, By Value, 2015-2025F
Figure 11:
Asia-Pacific Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 12:
Asia-Pacific Flow Meter Market Share, By Country, By Value, 2015-2025F
Figure 13:
China Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 14:
Offshore Drilled Production Wells in China, 2015-2019
Figure 15:
China Flow Market Share, By Type, By Value, 2015-2025F
Figure 16:
China Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 17:
India Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 18:
Growth in Infrastructure Activities, By Sector, 2018-19 (%)
Figure 19:
Declared Government Investments in Rural and Urban Areas Till 2022 in India (USD Million)
Figure 20:
India Flow Market Share, By Type, By Value, 2015-2025F
Figure 21:
India Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 22:
Japan Flow Meter Market Size, By Value, 2015-2025F (USD Billion) 14
List of Figures Figure No.
Title
Figure 23:
Production of Major Petrochemicals in Japan, By Volume (Kilo Tonnes), 2015–2019
Figure 24:
Japan Flow Market Share, By Type, By Value, 2015-2025F
Figure 25:
Japan Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 26:
South Korea Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 27:
South Korea Electricity Consumption per Capita, 2015-2019 (MWh/Capita)
Figure 28:
South Korea Flow Market Share, By Type, By Value, 2015-2025F
Figure 29:
South Korea Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 30:
Australia Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 31:
Australia Electricity Consumption per Capita, 2015-2019 (MWh/Capita)
Figure 32:
Australia Flow Market Share, By Type, By Value, 2015-2025F
Figure 33:
Australia Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 34:
Thailand Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 35:
Offshore Drilled Production Wells in Thailand, 2015-2019
Figure 36:
Thailand Flow Market Share, By Type, By Value, 2015-2025F
Figure 37:
Thailand Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 38:
Malaysia Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 39:
Oil Production in Malaysia, By Volume, 2015-2019 (Million Barrels per day)
Figure 40:
Malaysia Flow Market Share, By Type, By Value, 2015-2025F
Figure 41:
Malaysia Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 42:
Europe Flow Meter Market Size, By Value (USD Billion), By Volume (Million Units), 2015-2025F
Figure 43:
Europe Flow Market Share, By Type, By Value, 2015-2025F
Figure 44:
Europe Flow Market Share, By End-Use, By Value, 2015-2025F
15
List of Figures Figure No.
Title
Figure 45:
Europe Flow Meter Market Share, By Country, By Value, 2015-2025F
Figure 46:
Germany Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 47:
Installed Power Generation Capacity in Germany, By Type, As of 2019
Figure 48:
Germany Flow Market Share, By Type, By Value, 2015-2025F
Figure 49:
Germany Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 50:
France Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 51:
France Electricity Production, By Source, 2018 & 2030F
Figure 52:
France Flow Market Share, By Type, By Value, 2015-2025F
Figure 53:
France Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 54:
United Kingdom Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 55:
United Kingdom Nuclear Power Generation, 2010-2019 (TWh)
Figure 56:
United Kingdom Flow Market Share, By Type, By Value, 2015-2025F
Figure 57:
United Kingdom Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 58:
Italy Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 59:
Energy Production in Italy, By Source, By Value (MTOE), 2019
Figure 60:
Italy Flow Market Share, By Type, By Value, 2015-2025F
Figure 61:
Italy Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 62:
Spain Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 63:
Spain Electricity Consumption Per Capita, 2015-2019 (MWh/Capita)
Figure 64:
Spain Flow Market Share, By Type, By Value, 2015-2025F
Figure 65:
Spain Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 66:
North America Flow Meter Market Size, By Value (USD Billion), By Volume (Million Units), 2015-2025F 16
List of Figures Figure No.
Title
Figure 67:
North America Flow Market Share, By Type, By Value, 2015-2025F
Figure 68:
North America Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 69:
North America Flow Meter Market Share, By Country, By Value, 2015-2025F
Figure 70:
United States Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 71:
United States Electricity Generation, By Energy Source, 2015-2019 (Billion kWh)
Figure 72:
United States Flow Market Share, By Type, By Value, 2015-2025F
Figure 73:
United States Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 74:
Canada Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 75:
Canada Waste and Waste-water Related Infrastructure Projects Status, 2019
Figure 76:
Canada Flow Market Share, By Type, By Value, 2015-2025F
Figure 77:
Canada Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 78:
Mexico Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 79:
Mexico Electricity Generation, 2015-2019 (TWh)
Figure 80:
Mexico Flow Market Share, By Type, By Value, 2015-2025F
Figure 81:
Mexico Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 82:
South America Flow Meter Market Size, By Value (USD Billion), By Volume (Million Units), 2015-2025F
Figure 83:
South America Flow Market Share, By Type, By Value, 2015-2025
Figure 84:
South America Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 85:
South America Flow Meter Market Share, By Country, By Value, 2015-2025F
Figure 86:
Brazil Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 87:
Brazil Consumption of Fuel, By Energy Source, 2015-2019 (Million Tones Oil Equivalent)
Figure 88:
Brazil Flow Market Share, By Type, By Value, 2015-2025F 17
List of Figures Figure No.
Title
Figure 89:
Brazil Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 90:
Argentina Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 91:
Argentina Biofuels Production, 2015-18 (Thousands Tones Oil Equivalent)
Figure 92:
Argentina Flow Market Share, By Type, By Value, 2015-2025F
Figure 93:
Argentina Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 94:
Colombia Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 95:
Colombia Electricity Generation, 2015-2019 (TWh)
Figure 96:
Colombia Flow Market Share, By Type, By Value, 2015-2025F
Figure 97:
Colombia Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 98:
MEA Flow Meter Market Size, By Value (USD Billion), By Volume (Million Units), 2015-2025F
Figure 99:
MEA Flow Market Share, By Type, By Value, 2015-2025F
Figure 100:
MEA Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 101:
MEA Flow Meter Market Share, By Country, By Value, 2015-2025F
Figure 102:
Saudi Arabia Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 103:
Saudi Arabia Crude Oil Production, 2015-2019 (Thousands Barrels per Day)
Figure 104:
Saudi Arabia Flow Market Share, By Type, By Value, 2015-2025F
Figure 105:
Saudi Arabia Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 106:
UAE Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 107:
UAE Consumption of Energy per capita, 2015-2019 (Gigajoules per Capita)
Figure 108:
UAE Flow Market Share, By Type, By Value, 2015-2025F
Figure 109:
UAE Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 110:
Iran Flow Meter Market Size, By Value, 2015-2025F (USD Billion) 18
List of Figures Figure No.
Title
Figure 111:
Iran Electricity Generation, 2015-2019 (TWh)
Figure 112:
Iran Flow Market Share, By Type, By Value, 2015-2025F
Figure 113:
Iran Flow Market Share, By End-Use, By Value, 2015-2025F
Figure 114:
South Africa Flow Meter Market Size, By Value, 2015-2025F (USD Billion)
Figure 115:
South Africa Electricity Generation, 2015-2019 (TWh)
Figure 116:
South Africa Flow Market Share, By Type, By Value, 2015-2025F
Figure 117:
South Africa Flow Market Share, By End-Use, By Value, 2015-2025F
List of Tables Table No.
Table 1:
Title
Infrastructure Projects in India Completed during 12th Five-Year Plan
19
Scope of Report Product of Interest (POI): Flow Meter
A flow meter is a device used for the measurement of volumetric, mass, linear and non-linear flow rate of a gas or fluid. The performance of a flow meter relies on aspects such as density, pressure, viscosity and temperature of the liquid. Advancement in technologies and improved R & D in the flow meter
manufacturing sector has led to the advent of smart flow measurement solutions, which is anticipated to fuel the demand for flow meters across the globe over the coming years.
Flow Meter Market
APPLICATION
TYPE •
Magnetic
•
Coriolis
•
Ultrasonic
•
Differential Pressure
•
Positive Displacement
•
Turbine
•
Vortex
•
Others (Thermal and Multi
•
Water & Wastewater
•
Oil & Gas
•
Chemicals & Petrochemicals
•
Power Generation
•
Pulp & Paper
•
Food & Beverages
•
Others (Pharmaceuticals,
-phase meters)
Metals, and Mining etc)
REGION
Year Range Review Period
2015 – 2018 Base Year
2019 Estimated Year
•
Asia-Pacific
•
North America
•
Europe
Forecast Period
•
South America
2021 – 2025
•
Middle East & Africa
2020
© TechSci Research
Market Segmentation
20
Product Overview
Magnetic
Coriolis
Ultrasonic
Magnetic flow meter is a volumetric meter
A Coriolis flow meter measures mass through
Ultrasonic flow meter measures the velocity of a
which does not have any moving parts and is
inertia. It contains a tube which is energized by
fluid with acoustic vibrations to calculate volume
ideal for wastewater applications or any dirty
a fixed vibration.
flow.
Differential Pressure
Positive Displacement
Turbine
Differential pressure flowmeters use the
Positive displacement flow meters measure the
These meters are the most popular equipment
differential pressure principle to measure the
volumetric flow rate of a moving fluid or gas by
to measure flow electronically. They offer a wide
flow of liquids, gases, and steam.
dividing the media into fixed, metered volumes.
flow and application rangeability. Turbine flow meters are easy to maintain, durable and
Vortex
versatile.
A vortex flow meter is a flow measurement device best suited for flow measurements where © TechSci Research
Type
liquid which is water based.
the introduction of moving parts creates problems.
21
© TechSci Research
Research Methodology
22
Research Methodology
In-depth secondary research was conducted to determine top players in global flow meter market, overall market size and segmental market size.
Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
Data Collection
Developing List of Respondents
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
TechSci conducted interviews with industry experts and industry players for data collection and verification.
List of industry players and industry specialists was developed.
Primary Research
Data Collection
Data Filter & Analysis
Research & Intelligence
Actionable Insights
Business Solution
Company Analysis
✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Final Conclusion
Primary Research LinkedIn TechSci Internal Database
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about global flow meter market.
Desk Research
✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews
✓ ✓
Data Analysis
Data Validation
✓ Market Participants ✓ Key Strengths
Secondary Research ✓ ✓ ✓ ✓ ✓ ✓ ✓
Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.
Paid Sources
✓ ✓
Factiva Hoovers
© TechSci Research
Market Profiling
23
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of global flow meter market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global flow meter market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as service providers, industry experts, etc.
The team interviewed more than 30 companies, 20 industry experts and other value chain stakeholders in global Flow Meter
© TechSci Research
market to obtain the overall market size during 2015-2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2015-2019.
24
Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by type, by end-use, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by type, by end-use, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading flow meter manufacturers. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies in global flow meter market.
Methodology Followed for Forecasting:
© TechSci Research
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software.
25
Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global flow meter market, TechSci Research used various forecast techniques such as: o
Moving Average
o
Time Series Analysis
o
Regression Analysis
o
Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium- and long-term period to estimate and analyze market
demand scenario.
Partial List of Companies Interviewed
ABB Limited, Emerson Electric Company, Honeywell Inc, Siemens AG, General Electric Company, Schneider Electric, Badger Meter Inc., Azbil Corporation and others. Company Annual Reports, Industry Magazines, Industry Reports, Company Websites, International Energy Agency (IEA), Factiva, World Bank, International Monetary Fund, Organization for Economic Co-operation & Development (OECD), Central Department of
© TechSci Research
Partial List Secondary Sources
Statistics and Information, BP Statistics, etc.
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Industry Brief According to TechSci Research report, “Global Flow Meter Market By Type , By End- Use, By Region, Competition, Forecast & Opportunities, 2025”, the global flow meter market was valued at $ 7.7 billion in 2019 and is expected to witness a decline in 2020 on account of COVID-19 pandemic. With manufacturing sector having temporarily stopped operations across the globe, the COVID-19 outbreak is expected to significantly impact the global flow meter market, which is anticipated to decline by over 25% in 2020. Nevertheless, the global flow meter market is expected to recover from 2021 onwards and witness consistent growth until 2025. Huge investments in refining, chemicals, energy & power industries, growing industrial infrastructure activities and rapid urbanization will significantly contribute to enhance the demand for flow meters across the globe. The global flow meter market can be segmented based on type, end-use and region. In terms of type, the market can be categorized into Magnetic, Coriolis, Ultrasonic, Differential Pressure, Positive Displacement, Turbine, and Vortex. The Ultrasonic flow meter segments is the fastest-growing segment of the flow meters market on account of their low maintenance and reliability. These meters are accurate and can be used for custody transfer of petroleum and natural gas. ABB Limited, Emerson Electric Company, Siemens AG, Honeywell International Inc, General Electric Company, Schneider Electric, Badger Meter Inc., Azbil Corporation, Endress + Hauser, and Yokogama Electric Corporation are among the leading players operating in the global flow meter market. Companies operating in the market are using organic strategies such as product launches, as well as mergers and collaborations for increasing value generation, cost efficiency and market share. In September 2019, Badger Inc. introduced Dynasonics® TFX-5000, a versatile Ultrasonic & Energy meter for use in wastewater treatment & oil and gas applications. In July 2019, Emerson acquired software and automation business of Zedi to expand its product portfolio to oil and gas
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industry. “Asia-Pacific was the largest market for flow meter in 2019, and the same trend is anticipated to continue over the next five years as well, due to surging demand from growing economies, especially China and India. Rapid urbanization across developing countries in APAC drives the need for proper water and wastewater
management as well as power generation. As a result, demand for flow meters in water and wastewater application is expected to remain high in the region until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm
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Sample Data - Snapshot Global Flow Meter Market Size, By Value (USD Billion), By Volume (Million Units), 2015-2025F CAGR (2020E-2025F) By Value: xx% By volume: xx%
CAGR (2015-2019) By Value: xx% By volume: xx%
2015
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2018 2019 2020E 2021F 2022F Value (USD billion) Volume (Million Units)
2023F
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North America Flow Market Share, By Type, By Value, 2015-2025F
Magnetic Postitive Displacement
Differential Pressure Turbine Vortex Coriolis 2015
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2021F
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Mexico Flow Market Share, By End-Use, By Value, 2015-2025F Power Generation Water & Wastewater Oil & Gas Pulp & Paper © TechSci Research
Chemicals & Petrochemicals Food & Beverages Others 2015
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Report Name: GLOBAL FLOW METER MARKET COMPETITION, FORECAST AND OPPORTUNITIES 2015 – 2025
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models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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