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Published Date: 2015-11-19Number of Pages: 85

Flow Meters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

Global Flow Meters Market: Snapshot 

The petrochemicals industry and its refineries from around the world are currently under the scanner for both efficiency improvement and emissions that can harm the environment. The regulations that control these factors are strengthening and as a result, the industry is calling for advanced flow meters to perform the required tasks with greater ease and high accuracy.

Apart from that, the manufacturers of flow meters are also finding better opportunities through the introduction of advanced flow meters to the market and the increasing amount of investments made into capital projects.

However, the flow meter market is still considerably hampered by the lack of skilled labor that can efficiently operate the advanced devices. Additionally, there is a major lack of specialized equipment that is needed to calibrate meters in the industries of aerospace, water management, and agriculture.

The revenue generated in the global flow meters market is expected to progress at a CAGR of 9.5% from 2015 to 2021. By the end of 2021, its revenue is expected to reach US$9.61 bn.

 

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Asia Pacific Leads in Flow Meter Demand Globally

The key application industries of flow meters are the petrochemical and refining industries and the water management industry. Both industries already have a large presence in Asia Pacific and are expected to expand even further at an accelerated pace. China, Japan, and India are largely responsible for the rapid increase in flow meter demand over the recent years due to their rapid rates of industrialization. Additionally, the manufacturers of advanced flow meters are also benefitting from the large scale replacement of positive displacement flow meters with smart meters in multiple application industries. Another Asia Pacific industry expected to ramp up its demand for smart flow meters is food and beverages for food processing purposes.

By the end of 2021, Asia Pacific is expected to take up 39.4% of the total market value.

Water Management Holds Key Opportunities for Flow Meter Manufacturers

A large number of advanced and smart flow meters are getting introduced into the market currently. It is significantly improving the demand for flow meters in wastewater management facilities and even achieving an optimistic rate of investments on capital projects. By the end of 2021, the share of water management flow meters in the overall market will by 15.8%. While it is a reduction in share since its 2014 value, there is a considerable growth in the size of the market. At the same time, even with the reduction in revenue share, flow meters for water management are expected to lead the market as an application group.

Wastewater management is a high priority industry in most regions owing to the rapid consumption and depletion of potable water. Flow meters are used to perform crucial tasks in wastewater management, such as dosing during water purification and the abstraction of water. Therefore, a growing demand for wastewater management will consequently apply a higher demand for flow meters.

The key manufacturers of flow meters currently include ABB Ltd., Siemens AG, Badger Meter, Inc., and Endress + Hauser AG.


Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Key take away
1.4 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.2 Market Dynamics
      3.2.1 Market Drivers
      3.2.2 Market Restraints
      3.2.3 Market Opportunities
3.3 Flow Meters market: Competitive landscape
3.4 Competitive Strategies adopted by major players
3.5 Market attractiveness analysis

Chapter 4 Global Flow Meters Market Analysis, by Product type
4.1 Overview
4.2 Magnetic flow meter market, Revenue forecast (USD billion), 2014 – 2021
4.3 Coriolis flow meter market,Revenue forecast (USD billion), 2014 – 2021
4.4 Ultrasonic flow meter,Revenue forecast, 2014 – 2021 (USD billion) 
4.5 Turbine flow meter market, Revenue forecast, 2014 – 2021 (USD billion)
4.6 Vortex flow meter market, Revenue forecast, 2014 – 2021 (USD billion)
4.7 Others flow meter market, Market size and forecast, 2014 – 2021 (USD billion)

Chapter 5 Global Flow Meters Market: By Applications
5.1 Overview
      5.1.1 By applications: Revnue Share, 2014 Vs 2021
5.2 Energy managementSegment, 2014 – 2021, (USD billion) 
5.3 Water management Segment, 2014 – 2021, (USD billion) 
5.4 Food process Segment, 2014 – 2021, (USD billion) 
5.5 Oil and gas Segment, 2014 – 2021, (USD billion) 
5.5 Others Segment, 2014 – 2021, (USD billion) 

Chapter 6 Global Flow Meters Market –By Region
6.1 Overview
      6.1.1 By Region: Revenue share, 2014 – 2021
6.2 North America Flow Meters market, 2014 – 2021, (USD billion) 
      6.2.1 North America Flow Meters Market, By application, 2014 – 2021, (USD billion) 
      6.2.2 North America Flow Meters Market, by product type, 2014 – 2021, (USD billion) 
      6.2.3 North America Flow Meters Market, by Country 2014 – 2021, (USD billion)
6.3 Europe Flow Meters Market
      6.3.1 Europe Flow Meters Market, By application, 2014 – 2021, (USD billion) 
      6.3.2 Europe Flow Meters Market, by product type, 2014 – 2021, (USD billion) 
      .3.3 Europe Flow Meters Market, by Country 2014 – 2021, (USD Billion) 
6.4 Asia Pacific (APAC) Flow Meters Market,2014-2021, (USD billion) 
      6.4.1 Asia Pacific Flow Meters Market, Revenue forecast, By application, 2014 – 2021, (USD billion) 
      6.4.2 Asia Pacific Flow Meters market, Revenue forecast, By product type, 2014 – 2021, (USD billion) 
      6.4.3 Asia Pacific Flow Meters Market, Revenue forecast, by Country 2014 – 2021, (USD billion) 
6.5 Rest of the World (RoW) Flow Meters Market, 2014-2021, (USD billion) 
      6.5.1 Rest of the World Flow Meters Market, Revenue forecas,by application, 2014 – 2021, (USD billion) 
      6.5.2 Rest of the World Flow Meters Market, Revenue forecast,by product type, 2014 – 2021, (USD billion) 
      6.5.3 Rest of the World Flow Meters Market,Revenue forecast, by Country 2014 – 2021, (USD billion) 

Chapter 7 Company Profiles
7.1 ABB Ltd
7.2 Siemens AG
7.3 Azbil Corporation
7.4 Badger Meter Inc. 
7.5 Brooks Instrument LLC
7.6 Yokogawa Electric Corp.. 
7.7 Endress + Hauser AG
7.8 Krohne Messtechnik GmbH
7.9 General Electric Co. 
7.10 Sierra Instruments Inc. 

List of Figures

FIG.1 Market Segmentation of Flow Meters
FIG.2 Market Share of Key Players
FIG.3 Market Attractiveness Analysis, by Application, 2014
FIG.4 By product type:Overview
FIG.5 Global Magnetic Flow Meter Market, 2014-2021: Revenueforecast, by Product Type
FIG.6 Global Coriolis Flow Meter Market, 2014 – 2021, (USD billion) 
FIG.7 Global Ultrasonic Flow Meters Market, 2014 – 2021, (USD billion) 
FIG.8 Global Turbine Flow Meters Market, 2014 – 2021, (USD billion) 
FIG.9 Global Vortex Flow Meters Market, 2014 – 2021, (USD billion) 
FIG.10 Global Others Flow Meters Market, 2014 – 2021, (USD billion) 
FIG.11 By Application:Overview
FIG 12 By Application: Revenue Share
FIG.13 Global Energy Management Flow Meters Market, By Application, 2014-2021,Revenue Forecast
FIG 14 Global Water Management Flow Meters Market, By Application, 2014-2021,Revenue Forecast
FIG 15 Global Food Process Flow Meters Market, By Application, 2014-2021,Revenue Forecast
FIG.16 Global Oil and Gas Flow Meters Market, By Application, 2014-2021,Revenue Forecast
FIG.17 Global Others Flow Meters Market, By Application, 2014-2021,Revenue Forecast
FIG.18 By Region:Overview
FIG.19 By Region:Revenue Share
FIG.20 North America Flow Meters Market, 2014 – 2021, (USD billion) 
FIG.21 Europe Flow Meters Market, 2014 – 2021, (USD billion) 
FIG.22 Asia Pacific Flow Meters Market, 2014 – 2021, (USD billion) 
FIG.23 Rest of the World Flow Meters Market, 2014 – 2021, (USD billion) 
FIG.24 ABB Ltd. Annual Revenue, 2012 – 2014 (USD billion) 
FIG.25 Siemens AG. Annual Revenue 2012 – 2014, (USD billion) 
FIG.26 Badger Meter Inc. Annual Revenue 2012– 2014, (USD billion) 
FIG.27 Endress + Hauser AGAnnual Revenue 2012– 2014, (USD billion) 
FIG.28 General Electric Co.. Annual Revenue 2012– 2014, (USD billion) 

List of Tables

TABLE 1 Snapshot: Global Flow Meters Market
TABLE 2 North America Flow Meters Market, Revnue Forecast, By Application,2014-2021
TABLE 3 North America Flow Meters Market, Revnue Forecast, By Product Type, 2014-2021 
TABLE 4 North America Flow Meters Market, Revnue Forecast, By Country, 2014-2021
TABLE 5 Europe Flow Meters Market, Revnue Forecast, By Application, 2014-2021
TABLE 6 Europe Flow Meters Market, Revnue Forecast, By Product Type, 2014-2021
TABLE 7 Europe Flow Meters Market, Revnue Forecast, By CountryType, 2014-2021
TABLE 8 Asia Pacific Flow Meters Market, Revnue Forecast, By Application, 2014-2021
TABLE 9 Asia Pacific Flow Meters Market, Revnue Forecast, By Product Type, 2014-2021
TABLE 10 Asia Pacific Flow Meters Market, Revnue Forecast, By Country, 2014-2021
TABLE 11 RoW Flow Meters Market, Revnue Forecast, By Application, 2014-2021
TABLE 12 RoW Flow Meters Market, Revnue Forecast, By Product Type, 2014-2021
TABLE 13 RoW Flow Meters Market, Revnue Forecast, By Country, 2014-2021

The measurement of liquid or fluid movement is flow measurement. Different types of flow meters are used in measurement of the movement of the fluid. Flow meter is used for measurement of mass, volumetric, linear and non-linear flow rate of fluid and gas. Flow meters consist of a scale, tube, indicator and stop. Moreover, the flow meters’ performance relies on certain factors like pressure, density, temperature and viscosity of the liquid. Most of the flow meters depend on forces produced by the flowing steam to indirectly measure the flow as it overcomes the known condition. But the positive displacement flow meters measure the flow by gathering a fixed volume of liquid then it counts the number of time volume is filled. Flow meters are known by different names like flow indicator, flow gauge, liquid meter and many more.

The market is primarily boosted by investment in capital projects like rising waste water management, petrochemicals, agriculture and many others. Flow meters are used in different sectors like waste water management, agriculture and petrochemicals among other. Demand in petrochemicals and refining industries is one of the important drivers, driving the growth of flow meters market. Petrochemicals and refining industry is one of the important sectors for flow meters market. Flow meters are used in gas flaring, custody transfer, produced waster discharged and interwell allocation. Advanced flow meters are also driving the flow meters market. Replacement of the obsolete flow meters with the new smart flow meters is fuelling the demand of flow meters. These smart meters are more reliable and accurate in measurement compared to the previous generations of flow meters.

The market is hindered by some of the factors like lack of skilled technician. It is one of the important factors restraining the growth of flow meters market globally. Flow meter needs to be fitted properly and with accuracy to get the best result. Due to lack of training and knowledge, the technician does not have proper skills to operate flow meters. Moreover, lack of specialized equipment is also hampering the growth of flow meters market. Proper calibration of these flow meters is essential as it ensures that the measurement of flow meter is accurate. Moreover, calibration requires specialized equipment without which the measurement of fluid cannot be assured to be exact and accurate.

Increasing demand of waste water management infrastructure is expected to create opportunities in the market. Flow meter is used for dosing at the time of water purification, abstraction of water, discharge of wastewater in to river and many more. They are used for environmental regulation, quality control and revenue calculation

The analysis of flow meters market is done on a global level and provides forecast in terms of revenue (USD billion) from 2015 to 2021. It identifies the restraints and drivers affecting the industry and analyzes their impact during the estimated period. Further, it recognizes the key opportunities for market growth in the next few years.

The Flow Meters market report is geographically segmented into North America, Europe, Asia-Pacific, and RoW (Rest of the World). These segments are predicted in terms of revenue (USD). The market has been segmented on the basis of product type including magnetic flow meter, coriolis flow meter, ultrasonic flow meter, turbine flow meter, vortex flow meter and others. These segments have also been estimated based on geography in terms of revenue (USD billion).

The study includes market attractiveness analysis, where the applications are benchmarked based on growth rate, market scope, and general attractiveness. The report includes company market share analysis of various industry participants.

The key players have also been profiled based on the basis of company overview, business strategies, financial overview, and recent developments. Major market players in this market are ABB Ltd. (Switzerland), Siemens AG (Germany), Azbil Corporation (Japan), Badger Meter Inc. (U.S), Brooks Instrument LLC (U.S), Yokogawa Electric Corp. (Japan), Endress + Hauser (Switzerland), Krohne Messtechnik GmbH (Germany), General Electric Co. (U.S) and Sierra Instruments Inc. (U.S) among others.

The Flow Meters market has been segmented as:

Global Flow Meters Market: By Product Type

  • Magnetic flow meter
  • Coriolis flow meter
  • Ultrasonic flow meter
  • Turbine flow meter
  • Vortex flow meter
  • Others

Global Flow Meters Market: By Application

  • Energy management
  • Water management
  • Food process
  • Oil and gas
  • Others

Global Flow Meters Market, by Geography:

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Italy
    • Spain
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • RoW
    • Latin America
    • Middle-East
    • Rest of RoW


 
 
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