According to the latest report by IMARC Group, title “Ultrasonic Flowmeter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027; The global ultrasonic flowmeter market reached a value of US$ 1.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.38 Billion by 2027, exhibiting at a CAGR of 6.32% during 2022-2027.
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The accuracy of the ultrasonic flowmeters in calculating the velocity of the fluids and taking measurements is primarily driving the ultrasonic flowmeter market. Besides this, several advancements in ultrasonic technologies and computing capabilities have encouraged improved flowmeter performance and measurement in continuous industrial processes and detecting secondary flow in pipelines. Moreover, due to the various benefits offered by ultrasonic flowmeters, such as their non-invasive nature, high accuracy, reliability, low maintenance, etc., they are gaining traction among numerous sectors. Apart from this, the increasing number of refineries and escalating energy demand is anticipated to bolster the ultrasonic flow meters market over the forecasted period.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
- Asea Brown Boveri Ltd
- Badger Meter Inc.
- Emerson Electric Co.
- Emerson Process Management
- Faure Herman SA
- General Electric
- Hach/Marsh McBirney Inc.
- Honeywell International Inc
- Index Corporation
- Invensys Process Systems
- Rockwell Automation Inc.
- Siemens AG
- Teledyne Isco Inc.
- Yamatake Co
- Yokogawa Electric Co.
Key Market Segmentation:
Breakup by Product Type:
- Spool Peice
- Insertion
- Clamp-On
- Others
Breakup by Number of Paths:
- 3-Path Transit Time
- 4- Path Transit Time
- 5- Path Transit Time
- 6 or More Path Transit Time
Breakup by Technology:
- Transit Time – Single/Dual Path
- Transit Time – Multipath
- Doppler
- Hybrid
Breakup by Distribution Channel:
- Direct Sales
- Independent Representatives
- Distributors
- Online
Breakup by Application:
- Natural Gas
- Non-Petroleum Liquid
- Petroleum Liquid
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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