PUBLISHER: The Business Research Company | PRODUCT CODE: 1712611
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712611
A totalizing fluid meter and counting device is a tool used to measure the linear, nonlinear, mass, or volumetric flow rate of a liquid or gas. These devices are essential in industrial processes, offering precise measurements that support efficient operation, regulatory compliance, and effective resource management.
The primary categories of totalizing fluid meters and counting devices encompass differential pressure flow meters, positive displacement flow meters, velocity flow meters, mass flow meters, and open channel meters. Differential pressure flow meters are employed to quantify the volume of gases, liquids, and steam, with a particular focus on applications with high pressure, high temperature, or significant pipe diameters. These devices find practical use across a wide range of industries and sectors, including water and wastewater management, refining and petrochemicals, oil and gas exploration, chemical production, power generation, pulp and paper manufacturing, and metals and mining operations.
The totalizing fluid meter and counting device market research report is one of a series of new reports from The Business Research Company that provides totalizing fluid meter and counting device market statistics, including totalizing fluid meter and counting device industry global market size, regional shares, competitors with a totalizing fluid meter and counting device market share, detailed totalizing fluid meter and counting device market segments, market trends and opportunities, and any further data you may need to thrive in the totalizing fluid meter and counting device industry. This totalizing fluid meter and counting device 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 totalizing fluid meter and counting device market size has grown strongly in recent years. It will grow from $29.48 billion in 2024 to $31.14 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to industrialization, utility and resource management, advances in metering technology, regulatory compliance, automation and process control.
The totalizing fluid meter and counting device market size is expected to see steady growth in the next few years. It will grow to $37.83 billion in 2029 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to energy and resource efficiency, smart metering and iot, environmental monitoring, regulatory compliance and reporting, renewable energy integration. Major trends in the forecast period include smart metering solutions, data analytics and visualization, non-invasive metering, compact and modular designs, environmental-friendly materials.
The growing demand from automotive manufacturing companies has significantly contributed to the expansion of the flow meter and counting device market. The rising popularity of public transportation and the rapid increase in vehicle numbers have supported the growth of emerging automotive markets. For example, in May 2023, the European Automobile Manufacturers Association, based in Belgium, reported that global motor vehicle production reached 85.4 million units in 2022, marking a notable 5.7% increase. Additionally, in February 2022, Brand Finance plc, a UK-based brand valuation firm, stated that the automobile sector achieved about 78 million unit sales in 2022, reflecting a 10% growth. Therefore, the rising demand from automotive manufacturers is expected to drive the market for flow meters and counting devices, including parking meters, taxi meters, gauges for motor vehicles, and fare collection equipment.
The growth of the oil and gas industry is anticipated to boost the totalizing fluid meter and counting device market in the future. The oil and gas sector, often referred to as the energy industry, involves the exploration, extraction, production, refining, distribution, and marketing of petroleum and natural gas products. Accurate measurement and monitoring of fluid flow are essential in this industry for purposes such as well production rates, pipeline transportation, and refining operations. For example, in October 2023, the U.S. Energy Information Administration, a federal statistical body, reported an increase in U.S. crude oil production to 12.4 million barrels per day (b/d) in 2023, up from a record-high 11.7 million b/d in 2022. Furthermore, in September 2022, the U.S. consumed an average of 86.6 billion cubic feet of natural gas per day (Bcf/d). Consequently, the growing demand from the oil and gas industry is expected to drive the market for flow meters and counting devices.
Major companies in the totalizing fluid meter and counting device market are adopting smart technology to enhance decision-making and drive profits. Technology is being used to optimize payment methods, subscription management, enforcement, and data analysis for end-user companies. Counting devices like parking meters are being transformed with the integration of smart technologies. Companies such as IPS Group have introduced innovations like the Park Smarter app, allowing drivers to connect directly to parking meters using smartphones for cashless transactions. Other companies like ParkiFi are utilizing big data and sensors to make parking meters more intelligent.
Major companies operating in the totalizing fluid meter and counting device market are investing in cutting-edge technologies. An example is the Telraam S2, a specially designed device developed in the EU and designed in Belgium. This device addresses the demand for cost-effective gadgets capable of tracking street mobility more comprehensively than traditional counting methods. It employs artificial intelligence (AI) to facilitate highly accurate and focused citizen science data collection, simplifying device installation and connection.
In September 2022, the Netherlands-based Muon Group, specializing in electroforming, chemical etching, and laser material processing, was acquired by IDEX Corporation for an undisclosed amount. This strategic acquisition allows IDEX Corporation, a US-based company producing positive displacement flow meters, to leverage Muon Group's precision tech manufacturing expertise for enhanced engineered solutions in critical applications.
Major companies operating in the totalizing fluid meter and counting device market include Honeywell International Inc., Emerson Electric Co., General Electric, Siemens, ABB Group, Badger Meter Inc., Yokogawa Electric, Endress+Hauser AG, Krohne Messtechnik GmbH, Azbil Corporation, Schneider Electric SE, KROHNE Inc., Itron Inc., Elster Group GmbH, Landis+Gyr AG, Diehl Metering GmbH, Iskraemeco d.d., Apator S.A., Zenner International GmbH & Co. KG, Sappel, Pietro Fiorentini S.p.A., Kamstrup A/S, Itron SAS, Maddalena S.p.A., Sensus USA Inc., Arad Group, Qianwei Kromschroder Meters (Sichuan) Co. Ltd., Ningbo Water Meter Co. Ltd., Shenzhen Huaxuanyu Technology Co. Ltd., Master Meter Inc.
Asia-Pacific was the largest region in the totalizing fluid meter and counting device market in 2024. North America was the second-largest region in the totalizing fluid meter and counting device market. The regions covered in the totalizing fluid meter and counting device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the totalizing fluid meter and counting device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The totalizing fluid meter and counting device market consist of sales of gas consumption meters, water consumption meters, parking meters, taxi meters, gauges for motor vehicles and equipment for collecting fare, and other totalizing fluid meter and counting devices. 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.
Totalizing Fluid Meter And Counting Device 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 totalizing fluid meter and counting device 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 totalizing fluid meter and counting device ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The totalizing fluid meter and counting device 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.