404
+1-313-307-4176
sales@stratviewresearch.com
Ultrasonic Flow Meter Market Forecast Analysis
Ultrasonic Flow Meter Market Size, Share, Trend, Forecast, Growth & Industry Analysis – 2022-2028.
The report on the Ultrasonic Flow Meter Market estimates a healthy growth rate of 7.31% CAGR during the forecast period of 2022-2028 and reaches USD 3.1 Billion in 2028 from USD 1.87 Billion in 2021.
Increasing investments in green fields in the regions such as China, surge in demand for advanced flow measuring technologies, and growth in shale gas exploration activities in the US. are the major governing factors fueling the growth of the market during the forecast period.
|
Ultrasonic Flow Meter Market – Snapshot |
|
|---|---|
|
Growth |
6.8% for the next five years |
|
Major End-User Type |
Oil & Gas |
|
Major Technology Type |
Transit-Time |
|
Major Implementation Type |
Clamps-On |
|
Region with the highest demand |
Asia-Pacific |
|
Key Players |
Siemens (Germany), Danfoss (Denmark), Fuji Electric (Japan), Badger Meter (US), GE (US), Endress+Hauser (Switzerland), Honeywell (US), and KROHNE (Germany). |
Wish to get a free sample? Register Here
Based on the implementation type, the ultrasonic flow meter market is segmented as clamps-on, inline, and others. The clamps-on segment led the market in 2020, and is expected to remain dominant during the forecast period. The segment helps in measuring the flow without interruption in the process. In addition, the flow rate under different challenging environment areas is expected to boost the market’s demand.
Based on the technology type, the market is segmented as transit-time, doppler, and hybrid. The transit-time segment captured the largest share of the market in 2020, and is expected to grow at the fastest pace during the forecasted period, owing to its bi-directional and precise flow measurement advantages. Further, the segment holds over 80% share of the total market.
Based on the end-user type, the market is segmented as oil & gas, power generation, water & wastewater, and others. The oil & gas segment leads the market and is likely to be the fastest-growing segment during the forecasted period due to the accurate flow measurement, which is required for custody transfer applications.
In terms of regions, Asia-Pacific is estimated to dominate the ultrasonic flow meter market during the forecast period as the region’s most players are operating in flow meters, that find their manufacturing plants in the Asia-Pacific region. The number of investments is increasing in water & wastewater, energy, power, refining, chemicals, in China and India, which is driving the growth of the market.
Know which region offers best growth opportunities. Register Here
Ultrasonic flow meter is a volumetric device which helps in measuring the flow of fluids with the ultrasound to calculate volume flow. Ultrasonic flow meter can also be used for bidirectional flow and it offers higher accuracy of the order of +/-2% of full scale. It is expensive and has a complex structure which offers very good and dynamic response. It is generally used for wastewater application or any dirty liquid which is conductive or water based.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
|
Ultrasonic Flow Meter Market Research Report - Features |
|
|---|---|
|
Market Segmentation |
4 |
|
Regions Covered |
4 |
|
Countries/Sub-Regions Covered |
15 |
|
No. of Figures & Tables |
>150 |
|
Company Profiles |
10 |
The ultrasonic flow meter market is segmented into the following categories.
Want to know the most attractive market segments? Register Here
Some of the major players in the ultrasonic flow meter market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 800 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The ultrasonic flow meter market is expected to witness an impressive growth of 6.8% CAGR in the foreseeable future.
Siemens, Danfoss, Fuji Electric, Badger Meter, GE, Endress+Hauser, Honeywell, and KROHNE are among the key players in the ultrasonic flow meter market.
Asia-pacific is expected to remain dominant in the ultrasonic flow meter market during the forecast period.
The oil & gas segment is expected to be the fastest growing end-user type in the ultrasonic flow meter market in the coming years.
The transit-time segment is expected to grow at the fastest pace in the ultrasonic flow meter market during the next five years.
The clamps-on segment is expected to remain dominant in the ultrasonic flow meter market during the forecast period.
Increasing investments in green fields in the regions such as China, surge in demand for advanced flow measuring technologies, and growth in shale gas exploration activities in the US are the factors driving the growth of ultrasonic flow meter market.
WE ACCEPT
