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Flow Meters Market Trends

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

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Flow Meters Market Trends

The food and beverage industry has experienced a significant increase in demand for flow meters, driven by key market forces. Regulatory compliance requires precise ingredient measurement to ensure product consistency and quality. The sector's digital transformation has accelerated the integration of advanced flow metering technologies, which are essential for maximizing operational efficiency, minimizing waste, and enhancing product quality. Industry leaders have responded with innovative solutions. In 2023, Endress+Hauser launched the Promass Q 300/500 Coriolis flowmeter addressing the specific challenges in the food and beverage sector. In 2024, Emerson launched the Micro Motion™ Premium Core Flow Meter with superior measurement capabilities of viscous fluids.

In the water and wastewater treatment sector, flow measurement has become strategically important due to water scarcity concerns and stringent environmental regulations. Flow meters are critical for monitoring water consumption, detecting leaks, and optimizing treatment processes. The trend towards smart urban water management has further stimulated demand for sophisticated flow metering solutions. Industry players have capitalized on this opportunity.

For instance, in 2023 Siemens launched SITRANS FST020 clamp-on ultrasonic flow meter provides a non-invasive, cost-effective solution for water and wastewater applications. In 2024, ABB launched AquaMaster4 Mobile, a battery-operated electromagnetic flow meter, demonstrates the industry's shift towards flexible, portable measurement technologies for remote water distribution monitoring.

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.