“Global Ultrasonic Flow Meter Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global ultrasonic flow meter market report has been segmented on the basis of implementation type, measurement technology, number of path, end user, and region.
Global Ultrasonic Flow Meter Market: Overview
Ultrasonic flow meter is a flow meter that uses ultrasonic transducers to calculate the velocity of flowing fluid. It is used in various industries such as oil & gas, mining & metals, pulp & paper, power generation, etc.
Global Ultrasonic Flow Meter Market: Dynamics
Rising demand for ultrasonic flow meter in various end-use industries such as oil & gas, water & wastewater, etc. owing to accurate and precise measurement is a major factor expected to augment growth of the global ultrasonic flow meter market in the years to come. Additionally, rising demand for hybrid ultrasonic flow meter in order to measure gaseous liquids and solids-bearing is another factor expected to proliferate growth of the potential market. Moreover, increasing R&D and infrastructural activities, growing import-export, and enhancing existing oil & gas fields are factors expected to support revenue growth of the target market in the next coming years.
However, high initial cost and inaccurate measurements while vertical flow line are factors which may hamper demand for ultrasonic flow meter and restrain growth of the target market.
Increasing R&D and adoption of novel technologies for efficient flow meter is a factor expected to create new opportunities for manufacturers operating in the target market.
Global Ultrasonic Flow Meter Market: Segment Analysis
Among the implementation type segments, the clamp-on segment is expected to register highest growth in terms of value in the target market, owing to its flow measurement without any interruption. Among the measurement technology segments, the transit-time segment is expected to account for highest revenue share in the target market, owing to its precise and bi-directional flow measurement.
Among the number of path segments, the 3 & above path transit-time segment is expected to register significant revenue growth in the next coming years. Among the end user segments, the oil & gas segment is projected to register significant share in terms of revenue in the target market. Increasing demand for ultrasonic flow meter in oil & gas industry for precise accuracy measurement of flow required in transfer applications is a factor expected to drive growth of the segment market.
Global Ultrasonic Flow Meter Market: Region Analysis
The ultrasonic flow meter market in Asia Pacific is expected to register major revenue share in the target market and projected to grow at a rapid rate in the target market in the next 10 years. This dominance is attributable to increasing industrialization, coupled with growing energy and power generation, industrial, water treatment, and other industries, and government initiatives in various industries in developed as well as developing countries. The North America market is expected to account for moderate revenue growth in the target market. Increasing demand for ultrasonic flow meter in various industries such as oil & gas, water & wastewater, etc. and presence of major manufacturers in countries in the region. The Europe ultrasonic flow meter market is projected to register moderate growth rate in the global ultrasonic flow meter market.
Global Ultrasonic Flow Meter Market Segmentation:
Segmentation on the Basis of Implementation Type:
Segmentation on the Basis of Measurement Technology:
Segmentation on the Basis of Number of Path:
- 1 Path Transit-time
- 2 Path Transit-time
- 3 & Above Path Transit-time
Segmentation on the Basis of End User:
- Water & Wastewater
- Power Generation
- Oil & Gas
- Others (metals and mining, pulp & paper, pharmaceuticals, etc.)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Badger Meter, Inc.
- Siemens AG
- General Electric Company
- The Danfoss Group
- Honeywell International Inc
- Emerson Electric Co.
- Endress+Hauser Management AG
- Fuji Electric Co., Ltd.
- KROHNE Messtechnik GmbH
- BRONKHORST HIGH-TECH B.V.
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