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Magnetic Flowmeter Market Share

Report ID: GMI8947
Published Date: Apr 2024
Report Format: PDF

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Magnetic Flowmeter Market Share

Global Magnetic Flowmeter Company Market Share Analysis, 2023

Magnetic Flowmeter industry seem to be highly fragmented in nature due to presence of local and global players across the globe. In 2023, the market players such as ABB Ltd., Emerson Electric Co., Siemens AG, Krohne Group, Yokogawa Electric Corporation, Endress+Hauser AG, Honeywell International Inc., Schneider Electric SE collectively held around 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Magnetic Flowmeter Market Companies

Major players operating in the magnetic flowmeter industry are:

ABB Ltd.
Azbil Corporation
Badger Meter, Inc.
Brooks Instrument LLC
Emerson Electric Co.
Endress+Hauser AG
Fuji Electric Co., Ltd.
Honeywell International Inc.
Krohne Group
McCrometer, Inc.
Omega Engineering, Inc.
Schneider Electric SE
Siemens AG
Tianjin U-ideal Instrument Co., Ltd.
Yokogawa Electric Corporation

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of magnetic flowmeter was reached USD 1.39 billion in 2023 and is set to grow at 4.7% CAGR till 2032, driven by regulatory mandates and industry standards requiring accurate flow measurement and monitoring.

The in line material segment in the magnetic flowmeter market reached USD 600 million in 2023 and is set to exceed USD 900 million by 2032, owing to its high accuracy and reliability.

North America magnetic flowmeter market size surpassed USD 300 million in 2023 and is likely to cross USD 400 million by 2032, owing to challenges related to aging water infrastructure, water scarcity, and stringent environmental regulations.

ABB Ltd., Azbil Corporation, Badger Meter, Inc., Brooks Instrument LLC, Emerson Electric Co., Endress+Hauser AG, Fuji Electric Co., Ltd., Honeywell International Inc., Krohne Group among others.