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Flow Meters Market Share

Report ID: GMI5075
Published Date: Jul 2024
Report Format: PDF

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Flow Meters Market Share

Alicat Scientific has been at the forefront of flow meter innovation, significantly contributing to research and development while solidifying its position as a global market leader. The company's strategic focus on precision and versatility has allowed it to cater to diverse industries, from semiconductor manufacturing to medical devices. To maintain its competitive edge, Alicat has invested heavily in developing intelligent flow control solutions that integrate seamlessly with Industry 4.0 technologies.

In early 2024, they launched the "SmartStream" series, a line of IoT-enabled mass flow controllers that offer real-time data analytics and remote monitoring capabilities. Additionally, Alicat has pursued strategic partnerships to expand its market reach. Notably, in mid-2024, they announced a collaboration with a leading automation company to integrate their flow measurement technology into comprehensive process control systems.

Emerson Electric Co. has established itself as a global leader in flow meter technology through strategic R&D investments and market-focused initiatives. The company's commitment to innovation is evident in its continuous development of cutting-edge flow measurement solutions across various industries. To maintain its competitive edge, Emerson has focused on expanding its digital capabilities, integrating IIoT (Industrial Internet of Things) features into its flow meter products. This approach enhances real-time monitoring and data analytics capabilities, meeting the increasing demand for smart, connected devices.

In 2023, Emerson launched the Micro Motion™ Premium Core Flow Meter, designed to provide superior measurement accuracy for challenging process conditions. The company has also pursued strategic acquisitions to broaden its portfolio and market reach. For instance, Emerson's acquisition of Progea Group in late 2020 enhanced its automation software capabilities, complementing its flow measurement offerings with advanced visualization and analytics tools.

Flow Meters Market Companies

Major players operating in the flow meters industry are:

Alicat Scientific
ABB Ltd.
Brooks Instrument.
Emerson Electric Co.
Honeywell International Inc.
INNOVATIVE SENSOR TECHNOLOGY IST AG
McMillan Flow Products

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

Market size for flow meters was USD 15.19 billion in 2023 and is expected to register over 7% CAGR from 2024-2032 owing to the increasing industrial automation and the critical need for precise fluid measurement across sectors such as oil and gas, water treatment, and chemicals worldwide.

Flow meters industry from the coriolis segment is expected to reach over USD 4.5 billion by 2032 due to increasing demand for precise measurement in high-value applications, such as pharmaceutical manufacturing and custody transfer in oil and gas.

Asia Pacific industry held 21.5% share in 2023 and is expected to register a commendable CAGR from 2024-032 due to rapid industrialization, urbanization, and infrastructure development in the region.

Alicat Scientific, ABB Ltd., Brooks Instrument., Emerson Electric Co., Honeywell International Inc., INNOVATIVE SENSOR TECHNOLOGY IST AG, and McMillan Flow Products, are some of the major flow meters companies worldwide.