The global flowmeters market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). The flow meters market is driven by a turnaround in key industries and their increasing need for high-performance flow meters. Oil & gas and water & wastewater industries are flow meters' major end-use industries that drive the market. Flow meters are used in wastewater treatment by quantifying the water flowing through the system. These facilities demand flow meters with higher accuracy, control, reliability, performance, and compatibility with different monitoring technologies. Increasing global focus on water and wastewater treatment is resulting in higher use of flow meters. The demand for flow meters is increasing in water and wastewater treatment plants.
Browse the full report description of “Flowmeters Market Size, Share & Trends Analysis Report by Flow Product( Differential Pressure (DP), Positive Displacement (PD), Magnetic, Ultrasonic, Turbine and Others (Vortex, Coriolis)), and by Application (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Food & Beverage and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/flowmeters-market
Various next-generation flow measurement systems have been designed for single-use biopharma applications. In addition, several new features have been added that further separate its operational capabilities from competitive models. For instance, in May 2023, PSG, part of Dover and a global pump, metering and dispensing-solution expert, launched its new BioProTT™ FlowSU System and updated SumoFlo® CPFM-8103 Single-Use Coriolis Mass Flow Meter technologies. The new and improved BioProTT FlowSU System and SumoFlo Coriolis Mass Flow Meter products ensure maximum media-integrity protection, that gives producers of life-saving biopharmaceuticals, medicines and therapeutics confidence that their products are safe.
Power over Ethernet (PoE) offers several benefits for process engineers, as it omits the need for a separate DC power infrastructure, providing power and communications via the same cable. For instance, in May 2021, ABB launched first Power over Ethernet flowmeters. This brings new agility as flowmeters can be installed wherever needed. In addition, ABB 4-wire Ethernet combines classic outputs with future communication protocols. Flowmeters with Ethernet connectivity increase simplicity, flexibility and reliability to operations in process automation, while enhancing real-time visibility of data.
Magnetic flowmeters that are capable of providing features new functions that improve user-friendliness, maintainability, and operational efficiency. For instance, in September 2022, Yokogawa Electric Corp. launched OpreXTM Magnetic Flowmeter CA Series. The products in this new series are all capacitance-type magnetic flowmeters that are capable of measuring the flow of conductive fluids through a measurement tube without the fluids coming into contact with the device's electrodes.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Flow Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes ABB, Emerson Electric Co., General Electric, Honeywell International Inc., PARKER HANNIFIN CORP., and others.
Key questions addressed by the report
Global Flowmeters Market Report Segment
By Flow Product
o Wired
o Wireless
By Application
Global Flowmeters Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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