Global Venturi Tubes Market Size study, by Product Type (Traditional, Smart), by Distribution Channel (Online, Offline), by End User Industry (Oil and Gas, Chemical, Water and Wastewater, Others), and Regional Forecasts 2022-2032

Description

Global Venturi Tubes Market is valued approximately at USD 865.74 million in 2023 and is anticipated to grow with a healthy growth rate of more than 6.62% over the forecast period 2024-2032. Venturi tubes are ingeniously designed devices that facilitate precise flow measurement by exploiting the principle of differential pressure. With a convergent inlet leading into a cylindrical throat followed by a divergent exit, these tubes are adept at measuring the flow rate of various fluids. Their ability to measure liquids, gases, or steam with high accuracy and no sharp edge protrusions makes them highly suitable for applications involving fluids with suspended solids. This versatility is instrumental in their increasing adoption across diverse sectors. Moreover, the venturi tube industry stands at the cusp of exploring significant growth opportunities, particularly with technological advancements and increasing automation in industries.

The global venturi tubes market is experiencing significant growth driven by several pivotal factors. Key among them is the escalating demand for efficient water management solutions prompted by increasing population and rapid industrialization. This growth in demand has necessitated the installation of venturi tubes to ensure optimal use of water resources. Additionally, the rise in industrial output and surging energy needs are majorly boosting the demand for venturi tubes, which find substantial use in water and wastewater, oil & gas, chemical, power generation, and pulp & paper industries. Furthermore, governments across various geographies are mandating the use of venturi tubes due to their associated advantages, further propelling market growth. In particular, the smart venturi tubes segment is poised for robust growth, driven by the need for efficient water management systems. These smart tubes, equipped with automatic meter reading technology (AMR), provide accurate metering data, thus reducing operational costs and enhancing efficiency. However, the market faces challenges such as the high cost of customized manufacturing and the complexity of ensuring accuracy in varied applications.

The key regions considered for the Global Venturi Tubes Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. in 2023, Asia-Pacific dominated the venturi tubes market in terms of revenue. driven by rapid industrialization, urbanization, and significant investments in infrastructure development across the region. Countries like China, India, and Japan lead the market due to their extensive use of venturi tubes in various industries, including oil and gas, chemical processing, water treatment, and manufacturing. The region's strong economic growth and increasing demand for efficient fluid measurement and control solutions further fuel the market. Additionally, government initiatives promoting industrial modernization and stringent environmental regulations necessitate the adoption of advanced flow measurement technologies, such as venturi tubes. The presence of major manufacturers and continuous technological advancements in flow measurement devices also contribute to the market's dominance. Furthermore, the growing emphasis on energy efficiency and process optimization in industrial applications enhances the demand for reliable and accurate venturi tubes, solidifying Asia-Pacific's leading position in the global market. Furthermore, the LAMEA region is expected to grow at the highest CAGR during the forecast period, spurred by increasing urbanization and agricultural activities.

Major market players included in this report are:

ABB
Emerson Electric Co
Siemens AG
Honeywell International Inc.
Yokogawa Electric Corporation
Parker Hannifin Corp.
Omega Engineering, Inc.
Fuji Electric Co., Ltd.
Badger Meter, Inc.
ADVANCED TECHNOCRACY
Emerson Electric Co.
Omega Engineering, Inc.
Honeywell International Inc.
Siemens AG
Badger Meter, Inc.

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Traditional
Smart

By Distribution Channel:

Online
Offline

By End User Industry:

Oil and Gas
Chemical
Water and Wastewater
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Venturi Tubes Market Executive Summary

1.1. Global Venturi Tubes Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Distribution Channel
- 1.3.3. By End User Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Venturi Tubes Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Venturi Tubes Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing demand for efficient water management
- 3.1.2. Growth in industrial output
- 3.1.3. Surge in energy needs
3.2. Market Challenges
- 3.2.1. High cost of customized manufacturing
- 3.2.2. Complexity in ensuring accuracy
3.3. Market Opportunities
- 3.3.1. Technological advancements
- 3.3.2. Rising automation in industries
- 3.3.3. Government mandates

Chapter 4. Global Venturi Tubes Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Venturi Tubes Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Venturi Tubes Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Traditional
- 5.2.2. Smart

Chapter 6. Global Venturi Tubes Market Size & Forecasts by Distribution Channel 2022-2032

6.1. Segment Dashboard
6.2. Global Venturi Tubes Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Online
- 6.2.2. Offline

Chapter 7. Global Venturi Tubes Market Size & Forecasts by End User Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Venturi Tubes Market: End User Industry Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Oil and Gas
- 7.2.2. Chemical
- 7.2.3. Water and Wastewater
- 7.2.4. Others

Chapter 8. Global Venturi Tubes Market Size & Forecasts by Region 2022-2032

8.1. North America Venturi Tubes Market
- 8.1.1. U.S. Venturi Tubes Market
  - 8.1.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Distribution Channel breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End User Industry breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Venturi Tubes Market
  - 8.1.2.1. Product Type breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Distribution Channel breakdown size & forecasts, 2022-2032
  - 8.1.2.3. End User Industry breakdown size & forecasts, 2022-2032
8.2. Europe Venturi Tubes Market
- 8.2.1. UK Venturi Tubes Market
- 8.2.2. Germany Venturi Tubes Market
- 8.2.3. France Venturi Tubes Market
- 8.2.4. Italy Venturi Tubes Market
- 8.2.5. Spain Venturi Tubes Market
- 8.2.6. Rest of Europe Venturi Tubes Market
8.3. Asia-Pacific Venturi Tubes Market
- 8.3.1. China Venturi Tubes Market
- 8.3.2. India Venturi Tubes Market
- 8.3.3. Japan Venturi Tubes Market
- 8.3.4. Australia Venturi Tubes Market
- 8.3.5. South Korea Venturi Tubes Market
- 8.3.6. Rest of Asia Pacific Venturi Tubes Market
8.4. Latin America Venturi Tubes Market
- 8.4.1. Brazil Venturi Tubes Market
- 8.4.2. Mexico Venturi Tubes Market
- 8.4.3. Rest of Latin America Venturi Tubes Market
8.5. Middle East & Africa Venturi Tubes Market
- 8.5.1. Saudi Arabia Venturi Tubes Market
- 8.5.2. South Africa Venturi Tubes Market
- 8.5.3. Rest of Middle East & Africa Venturi Tubes Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Parker Hannifin Corp.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Yokogawa Electric Corporation
- 9.3.3. Omega Engineering, Inc.
- 9.3.4. Fuji Electric Co., Ltd.
- 9.3.5. Badger Meter, Inc.
- 9.3.6. ADVANCED TECHNOCRACY
- 9.3.7. Emerson Electric Co.
- 9.3.8. Honeywell International Inc.
- 9.3.9. Siemens AG
- 9.3.10. Badger Meter, Inc.
- 9.3.11. ABB
- 9.3.12. Siemens AG
- 9.3.13. Emerson Electric Co

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes