PUBLISHER: The Business Research Company | PRODUCT CODE: 1667732
PUBLISHER: The Business Research Company | PRODUCT CODE: 1667732
A flow meter is a device designed for measuring the flow rate or volume of a liquid, gas, or vapor passing through it. These instruments play a crucial role in industrial and commercial applications, enabling operators to control and monitor fluid flow. By facilitating adjustments to flow rates, flow meters contribute to optimizing performance, minimizing waste, and ensuring safety in various processes.
Flow meters come in several types, including differential pressure, positive displacement, ultrasonic (spool pieces, clamp-on, insertion), turbine, magnetic (in-line, insertion, low flow), coriolis, vortex, and other variations. Differential pressure (DP) flow meters gauge fluid flow rates by inducing a pressure drop across a constriction in the flow path. Widely used in industrial processes and HVAC systems, DP flow meters are essential for monitoring flow rates. These meters are powered by electricity, solar energy, or batteries, and are available in various pipe sizes, including 2 inches, 4 inches, 6 inches, and larger than 6 inches. They find application across diverse industries, such as water and wastewater, refining and petrochemicals, oil and gas, chemicals, power generation, pulp and paper, food and beverage, pharmaceuticals, metals and mining, and other sectors.
The flow meter market research report is one of a series of new reports from The Business Research Company that provides flow meter market statistics, including global market size, regional shares, competitors with a flow meter market share, detailed flow meter market segments, market trends and opportunities, and any further data you may need to thrive in the flow meter industry. This flow meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flow meter market size has grown strongly in recent years. It will grow from$9.05 billion in 2024 to $9.55 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to industrial automation, water and wastewater management, oil and gas exploration, globalization of trade, infrastructure development
The flow meter market size is expected to see strong growth in the next few years. It will grow to $12.59 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to industry 4.0 integration, renewable energy growth, water conservation initiatives, healthcare sector demand, environmental monitoring. Major trends in the forecast period include digital transformation, wireless connectivity, ultrasonic flow meters, demand for coriolis flow meters, environmental regulations.
The growth of the oil and gas and wastewater industries is anticipated to drive the expansion of the flow meter market. The oil and gas industry focuses on extracting, refining, and distributing oil and natural gas, while the wastewater industry is dedicated to treating and managing wastewater before its release into the environment to eliminate pollutants. Flow meters are extensively utilized in both sectors to measure and monitor fluid flow rates in crude oil, natural gas, and various wastewater fluids in treatment facilities. For instance, in March 2024, the Energy Information Administration, a U.S. statistical agency under the Department of Energy, reported that U.S. crude oil production reached a record high of 12.9 million barrels per day (b/d) in 2023, representing a 9% increase from 2022. This surge has contributed to growth in crude oil exports, even though most U.S. refineries are optimized for heavy, sour crude oils. Consequently, the expanding oil and gas and wastewater industries are driving the growth of the flow meter market in the future.
The growing adoption of clean energy is expected to enhance the growth of the flow meter market in the coming years. Clean energy is derived from renewable, sustainable, and environmentally friendly sources that have little to no negative impact on the environment during their production and use. Flow meters play a crucial role in the accurate measurement and monitoring of fluid flow, which is essential for the effective implementation of clean energy sources such as wind, solar, and hydropower, as they support the efficient measurement of flow rates in various renewable energy applications. For instance, in March 2024, the European Environment Agency, a Denmark-based EU agency, reported that the proportion of energy consumption from renewable sources in the EU increased from 21.9% in 2021 to 23% in 2022. This share is projected to reach 42.5% by 2030, fueled by significant growth in solar power and a decline in non-renewable energy consumption due to high energy prices. As a result, the increasing adoption of clean energy is driving the expansion of the flow meter market.
Technological advancement stands out as a prominent trend gaining traction in the flow meter market. Leading companies within this market are strategically concentrating on the development of innovative solutions to solidify their market position. For instance, in May 2022, SONOTEC, a Germany-based technology company specializing in ultrasonic testing solutions, including flow meters, introduced SONOFLOW CO.55. This high-precision clamp-on flow meter utilizes ultrasonic technology to measure flow rates, featuring a clamp-on design that facilitates easy installation and maintenance without interrupting the flow system, thereby eliminating contamination risks. These reusable, non-invasive sensors find application in both single-use and hybrid environments within the bioprocessing industry.
Leading companies in the flow meter market are concentrating on developing innovative products, such as next-generation flow measurement systems, to improve precision, efficiency, and adaptability across various industrial applications. Next-generation flow measurement systems incorporate advanced technologies that provide higher accuracy, real-time data, and enhanced integration capabilities for more effective fluid management in diverse industries. For example, in May 2023, Dover Corporation, a U.S.-based provider of pump, metering, and dispensing solutions, introduced the BioProTT(TM) FlowSU System and SumoFlo CPFM-8103. These products are designed to enhance media integrity protection for manufacturers of critical biopharmaceuticals, ensuring the safety of their products during processing. The systems offer high accuracy in flow measurement specifically for biopharmaceutical applications and integrate seamlessly with single-use systems, which are becoming increasingly favored in the biopharma sector due to their reduced contamination risks and user-friendly nature.
In September 2024, Baumer Group, a Switzerland-based company specializing in sensor technology, acquired Manas Microsystems Pvt. Ltd. for an undisclosed amount. This acquisition allows Baumer Group to enhance its flow measurement solutions, adding advanced technology from Manas Microsystems to its portfolio. Manas Microsystems Pvt. Ltd. is an India-based manufacturer of flow meters for both gases and liquids.
Major companies operating in the flow meter market include Endress+Hausar AG, Honeywell International Inc., Krohne Messtechnik GmbH, Siemens AG, Yokogawa Electric Corporation, ABB Ltd., Emerson Electric Co., Azbil Corporation, em-tec GmbH, General Electric Company, Hitachi High-Tech Corporation, HONTZSCH GMBH & CO. KG, Bronkhorst High-Tech BV, Sick AG, Omega Engineering Inc., Christian Burkert GmbH & Co. KG, TSI Inc., Keyence Corporation, Sensirion AG, Badger Meter Inc., Schneider Electric SE, Thermal Instrument Co., Katronic Technologies Ltd., Flow Meter Group, Omni Flow Computers Inc., Henan Dafang Dingsheng Flow Instrument Co. Ltd., Flow-Tronic S.A., McCrometer Inc., Blue-White Industries Ltd., Dakota Instruments Inc., FTI Flow Technology Inc., KEM KUPPERS ELEKTROMECHANIK GMBH, Max Machinery Inc., Parker Hannifin Corp., Seametrics Inc.
North America was the largest region in the flow meter market in 2024. Europe and Asia-Pacific are expected to be the fastest-growing regions in the global flow meter market report during the forecast period. The regions covered in the flow meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the flow meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The flow meter market consists of sales of flow sensors, transmitters, controllers and indicators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Flow Meter Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on flow meter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for flow meter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flow meter market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.