The global Flow Meter market is expected to grow at a moderate rate during the forecast period. Factors such as increasing demand for flow meter for use in the oil & gas and water sectors are contributing to the growth of this market across the globe.
Furthermore, the development of innovative products and expansion in the application area are also major factors contributing to the growth of the market.
However, a rapid decline of oil prices and economic slowdown are likely to restrain the market growth.
Covid-19 Impact on Flow Meter Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Flow Meter Market Segment Overview
Based on type, the market is segmented into differential pressure, ultrasonic, turbine, magnetic, positive displacement, vortex, Coriolis and others. The differential pressure segment dominated the global market in 2020 however and is also expected to grow at the highest CAGR during the forecast period.
Based on industry vertical, the global flow meter market is segmented into oil & gas, water & wastewater, power generation, food & beverage, healthcare, and others. The oil & gas segment dominated the global market in 2020 however, the Water & Wastewater segment is expected to grow at the highest CAGR during the forecast period.
Market Analysis, Insights, and Forecast – By Type
· Differential Pressure
· Ultrasonic
· Turbine, Magnetic
· Positive Displacement
· Vortex
· Coriolis
· Others
Market Analysis, Insights and Forecast – By Industry Vertical
· Oil & Gas
· Water & Wastewater
· Power Generation
· Food & Beverage
· Healthcare
· Others
Flow Meter Market Regional Overview
Region-wise, Asia Pacific dominated the global Flow Meter market due to increasing investments. The concentration of key vendors in this region encourages the development and adoption of Flow Meter. Huge investment in water & wastewater, energy and power, refining, chemicals, pulp & paper and industrial infrastructure activities is anticipated in the region . The market is highly unorganized in the Asia Pacific region, owing to the presence of a large number of dominating local/regional manufacturers.
Flow Meter Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Flow Meter Market Competitor overview
Some key developments and strategies adopted by manufacturers in Flow Meter are highlighted below.
· On February 2018, At the Electronica and COMPAMED 2018 trade fairs, Sensirion presented its liquid flow sensor, the SLF3S-1300F. Combining Sensirion's excellent 20-year track record in low and lowest flow rate sensing with a radically optimized mechanical design, the SLF3S-1300F took the well-established functionality to the next level in price-performance ratio.
Flow Meter Market, Key Players
· ABB, Ltd.
· Emerson Electric Co.
· Honeywell International Inc
· OMRON Corporation
· Panasonic Corporation
· Siemens AG
· HYDAC ELECTRONIC
· McMillan Flow Products
· Alicat Scientific, Inc,
· Brooks Instrument
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Flow Meter Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Differential Pressure
- 5.2.2. Ultrasonic
- 5.2.3. Turbine, Magnetic
- 5.2.4. Positive Displacement
- 5.2.5. Vortex
- 5.2.6. Coriolis
- 5.2.7. Others
- 5.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 5.3.1. Oil & Gas
- 5.3.2. Water & Wastewater
- 5.3.3. Power Generation
- 5.3.4. Food & Beverage
- 5.3.5. Healthcare
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Flow Meter Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Differential Pressure
- 6.2.2. Ultrasonic
- 6.2.3. Turbine, Magnetic
- 6.2.4. Positive Displacement
- 6.2.5. Vortex
- 6.2.6. Coriolis
- 6.2.7. Others
- 6.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 6.3.1. Oil & Gas
- 6.3.2. Water & Wastewater
- 6.3.3. Power Generation
- 6.3.4. Food & Beverage
- 6.3.5. Healthcare
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Flow Meter Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Differential Pressure
- 7.2.2. Ultrasonic
- 7.2.3. Turbine, Magnetic
- 7.2.4. Positive Displacement
- 7.2.5. Vortex
- 7.2.6. Coriolis
- 7.2.7. Others
- 7.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 7.3.1. Oil & Gas
- 7.3.2. Water & Wastewater
- 7.3.3. Power Generation
- 7.3.4. Food & Beverage
- 7.3.5. Healthcare
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Flow Meter Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Differential Pressure
- 8.2.2. Ultrasonic
- 8.2.3. Turbine, Magnetic
- 8.2.4. Positive Displacement
- 8.2.5. Vortex
- 8.2.6. Coriolis
- 8.2.7. Others
- 8.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 8.3.1. Oil & Gas
- 8.3.2. Water & Wastewater
- 8.3.3. Power Generation
- 8.3.4. Food & Beverage
- 8.3.5. Healthcare
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Flow Meter Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Differential Pressure
- 9.2.2. Ultrasonic
- 9.2.3. Turbine, Magnetic
- 9.2.4. Positive Displacement
- 9.2.5. Vortex
- 9.2.6. Coriolis
- 9.2.7. Others
- 9.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 9.3.1. Oil & Gas
- 9.3.2. Water & Wastewater
- 9.3.3. Power Generation
- 9.3.4. Food & Beverage
- 9.3.5. Healthcare
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2020
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ABB, Ltd.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Emerson Electric Co.
- 10.6. Honeywell International Inc
- 10.7. OMRON Corporation
- 10.8. Panasonic Corporation
- 10.9. Siemens AG
- 10.10. HYDAC ELECTRONIC
- 10.11. McMillan Flow Products
- 10.12. Alicat Scientific, Inc,
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
