A Intelligent Flow Meter Market Report, By Type (Magnetic, Coriolis, Ultrasonic, Vortex, Multiphase, Thermal, Turbine, Variable Area & Differential Pressure), By End-use Industries (Automotive

Intelligent Flow Meter Market Report, By Type (Magnetic, Coriolis, Ultrasonic, Vortex, Multiphase, Thermal, Turbine, Variable Area & Differential Pressure), By End-use Industries (Automotive, Aerospace & Defense, BFSI, Healthcare, Manufacturing, Retail, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Intelligent flow meter is an electronic device that is used to measure linear and non-linear volumetric flow of the liquid. Intelligent flow meters are used in many industries such as food & beverages, oil & gas, chemical, and pharmaceuticals. The demand for intelligent flow meters is increasing, as they are more reliable, accurate, and stable for calibration. The adoption of flow measurement technologies in various industries such as petroleum, chemical, oil & gas, and wastewater has increased the demand for intelligent flow meters in the market. The demand for flow rate measurement in the oil & gas industry is increasing, owing to the detection of shale gas reserves in North America, Europe, and Asia Pacific regions. Furthermore, custody transfer in the oil & gas industry is one of the major applications that create lucrative opportunities for intelligent flow meters.
Market Dynamics
The global intelligent flow meter market is expected to grow significantly during the forecast period, owing to the increasing adoption of internet of things (IoT) based sensors for smart flow meter solutions. Advancement in technologies such as digital readouts, advanced sensors, wireless monitoring, and control are also driving the market growth. The advanced IoT enables automatic readings, collects data automatically, and remotely. Technological advancements in products, increasing urbanization, growing population, and rising disposable income are some of the factors that are expected to propel the market growth during the forecast period. However, calibration of intelligent flow meters is a time-consuming process that is expected to hinder the market growth in the near future.
Increasing demand for intelligent flow meters from many industries such as oil & gas, chemical, and water & wastewater is expected to drive the market growth during the forecast period. These flow meters are used in these industries to measure the flow of liquid or gas on a real-time basis. The demand for intelligent flow meters is increasing in the oil & gas industry in order to calibrate fluid precisely and accurately. For instance, in March 2018, ABB, a Switzerland-based automation company, announced a collaboration with Arundo Analytics, a U.S.-based software company. Through this collaboration, ABB and Arundo Analytics created a cloud-based virtual flow meter for the offshore oil & gas industry. Demand for continuous and accurate flow measurement is fulfilled by installing intelligent flow meters in various industries. Furthermore, increasing disposable income and rapid urbanization across emerging economies in Asia Pacific drive the need for power generation, adequate water, and wastewater management. For instance, in China, according to the National Bureau of Statistics (NBS), rural and urban per capita, disposable income reached US$ 5,658.45 from US$ 2,107.2 in 2018.
Moreover, several global players across different regions are focusing on launching new products with new features and technologies in order to gain competitive edge in the market. Industries are focusing on developing new products with new features to cater to the demand from the end users. For instance, in February 2020, Endress+ Houser, a Swiss-based company who provides products and services for industrial process measurement and automation launched, Proline Prosonic Flow G 300/500 Ultrasonic Flowmeter with integrated pressure and temperature sensor in order to provide highly accurate and precise values.
Key features of the study:
This report provides in-depth analysis of the global intelligent flow meter market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global intelligent flow meter market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include ABB, Emerson Electric Co., Siemens, Honeywell International Inc., Yokogawa Electric Corporation, Azbil Corporation, BrooksInstrument, Sierra Instruments, Inc., KROHNE Messtechnik GmbH, General Electric, RIELS INSTRUMENTS S.r.l., KOBOLD Messring GmbH, DISTRIBUIDORA INTERNACIONAL CARMEN, S.A.U, Baker Hughes, and Fuji Electric Co., Ltd.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global intelligent flow meter market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global intelligent flow meter market
Global Intelligent Flow Meter Market, By Type:
Magnetic
Coriolis
Ultrasonic
Vortex
Multiphase
Thermal
Turbine
Variable Area
Differential Pressure
Global Intelligent Flow Meter Market, By End-use Industries:
Chemicals
Power Generation
Food and Beverages
Metals & Mining
Oil & Gas
Paper & Pulp
Pharmaceuticals
Water & Wastewater
Others
Global Intelligent Flow Meter Market, By Region:
North America
By Type:
Magnetic
Coriolis
Ultrasonic
Vortex
Multiphase
Thermal
Turbine
Variable Area
Differential Pressure
By End-use Industries:
Chemicals
Power Generation
Food and Beverages
Metals & Mining
Oil & Gas
Paper & Pulp
Pharmaceuticals
Water & Wastewater
Others
By Country:
U.S.
Canada
Europe
By Type:
Magnetic
Coriolis
Ultrasonic
Vortex
Multiphase
Thermal
Turbine
Variable Area
Differential Pressure
By End-use Industries:
Chemicals
Power Generation
Food and Beverages
Metals & Mining
Oil & Gas
Paper & Pulp
Pharmaceuticals
Water & Wastewater
Others
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Type:
Magnetic
Coriolis
Ultrasonic
Vortex
Multiphase
Thermal
Turbine
Variable Area
Differential Pressure
By End-use Industries:
Chemicals
Power Generation
Food and Beverages
Metals & Mining
Oil & Gas
Paper & Pulp
Pharmaceuticals
Water & Wastewater
Others
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Type:
Magnetic
Coriolis
Ultrasonic
Vortex
Multiphase
Thermal
Turbine
Variable Area
Differential Pressure
By End-use Industries:
Chemicals
Power Generation
Food and Beverages
Metals & Mining
Oil & Gas
Paper & Pulp
Pharmaceuticals
Water & Wastewater
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
By Type:
Magnetic
Coriolis
Ultrasonic
Vortex
Multiphase
Thermal
Turbine
Variable Area
Differential Pressure
By End-use Industries:
Chemicals
Power Generation
Food and Beverages
Metals & Mining
Oil & Gas
Paper & Pulp
Pharmaceuticals
Water & Wastewater
Others
By Country/Region:
GCC Countries
South Africa
Rest of Middle East and Africa
Company Profiles
ABB*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
Emerson Electric Co.
Siemens
Honeywell International Inc.
Yokogawa Electric Corporation
Azbil Corporation
BrooksInstrument
Sierra Instruments, Inc.
KROHNE Messtechnik GmbH
General Electric
RIELS INSTRUMENTS S.r.l.
KOBOLD Messring GmbH
DISTRIBUIDORA INTERNACIONAL CARMEN, S.A.U
Baker Hughes
Fuji Electric Co., Ltd.
“*” marked represents similar segmentation in other categories in the respective section.