Press release
Flow Meter Market Report 2024 - Flow Meter Market Size, Share And Trends
Flow Meter Market
According to The Business Research Company's, The flow meter market size has grown strongly in recent years. It will grow from $8.69 billion in 2023 to $9.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. 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 $11.95 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. 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.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/flow-meter-global-market-report
Market Drivers and Trends:
Growing oil and gas and wastewater industries are expected to propel the growth of the flow meter market. The oil and gas industry extracts, refines, and distributes oil and natural gas. In contrast, the wastewater industry treats and manages wastewater before it is discharged back into the environment to remove pollutants. Flow meters are widely used in both the oil and gas and wastewater industries to measure and monitor fluid flow rates in crude oil, natural gas, and other wastewater fluids in treatment plants and other facilities. For instance, in 2022, According to the report published by the US Energy Information Administration (EIA), a US-based statistical agency, US gross withdrawals of oil and natural gas both rose, with oil production hitting 11.6 million barrels per day and natural gas production reaching 118.7 billion cubic feet per day in December 2021. Therefore, the growing oil & gas and wastewater industries is driving the growth of the flow meter market going forward.
Technological advancement is a key trend gaining popularity in the flow meter market. Major companies operating in the flow meter market are focused on developing innovative solutions to strengthen their position in the market. For instance, in May 2022, SONOTEC, a Germany-based technology company specializing in ultrasonic testing solutions, including flow meters, launched SONOFLOW CO.55, a high-accuracy clamp-on flow meter that uses ultrasonic technology to measure flow rates, and its clamp-on design enables easy installation and maintenance without requiring any interruptions to the flow system, eliminating any risk of contamination. These reusable, non-invasive sensors are suitable for implementation in both single-use and hybrid environments within the bioprocessing industry.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10057&type=smp
Major Key Players of the Market:
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; HÖNTZSCH GMBH & CO. KG; Bronkhorst High-Tech BV; Sick AG; Omega Engineering Inc.; Christian Bürkert 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 KÜPPERS ELEKTROMECHANIK GMBH; Max Machinery Inc.; Parker Hannifin Corp.; Seametrics Inc.
Flow Meter Market 2024 Key Insights:
• The flow meter market will grow to $11.95 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Rising Oil And Gas And Wastewater Industries Fueling Flow Meter Market Expansion
• Technological Advancements Drive Innovation In The Flow Meter Market
• North America was the largest region in the flow meter market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10057&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Flow Meter Market Report 2024 - Flow Meter Market Size, Share And Trends here
News-ID: 3748591 • Views: …
More Releases from The Business research company
Self Storage Market on Track for Strong Growth, Estimated to Grow at 7.7% CAGR T …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Self Storage Market Through 2025?
The industry size for self storage has been experiencing a significant expansion lately. The market, which is set to increase from $63.58 billion in 2024 to $68.75 billion in 2025, is predicted to see a compound annual…
Top Market Shifts Transforming the Screen Capture Software Market Landscape: Key …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Screen Capture Software Market Through 2025?
In recent times, the market size for screen capture software has witnessed swift expansion. It is predicted to rise from $9.58 billion in 2024 to $10.92 billion in 2025, with a compound annual growth rate (CAGR)…
Industrial Automation Fuels Growth In The Scanner Software Market: Powering Inno …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Scanner Software Market Through 2025?
The market size of scanner software has experienced rapid expansion in the most recent years. The growth forecast suggests it will increase from $5.12 billion in 2024 to $5.72 billion in 2025, exhibit a compound annual growth…
2025-2034 Salesforce Services Market Evolution: Disruptions, Innovations, and Un …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Salesforce Services Market Through 2025?
In recent times, the market size of Salesforce services has experienced rapid expansion. The forecast predicts an increase from $12.67 billion in 2024 to an impressive $14.61 billion in 2025, marking a compound annual growth rate (CAGR)…
More Releases for Flow
Flow Rate Liquid Flow Meters Market Size, Share and Growth Report, 2034
"The global liquid flow meter market was valued at approximately USD 4 billion in 2024 and is projected to reach around USD 6.5 billion by 2034, indicating a Compound Annual Growth Rate (CAGR) of about 5.2% over the forecast period from 2025 to 2034. "
Exactitude Consultancy., Ltd. released a research report titled "Flow Rate Liquid Flow Meters Market". This report covers the global Flow Rate Liquid Flow Meters market sales,…
Hybrid Flow Battery Market, By Type (Zinc Bromine Flow Batteries, Other Hybrid F …
Data Bridge Market Research analyses the hybrid flow battery market will exhibit a CAGR of 32.14% for the forecast period of 2022-2029 and is likely to reach USD 710.18 million by 2029.
View Detailed Analysis Report: https://www.databridgemarketresearch.com/reports/global-hybrid-flow-battery-market
The zinc-bromine flow battery (ZBFB) is the most well-known form of hybrid flow battery. Typically, a hybrid flow battery consists of a cell with 2 compartments separated by a microporous membrane. The battery has a…
Hybrid Flow Battery Market, By Type (Zinc Bromine Flow Batteries, Other Hybrid F …
Data Bridge Market Research analyses the hybrid flow battery market will exhibit a CAGR of 32.14% for the forecast period of 2022-2029 and is likely to reach USD 710.18 million by 2029.
View Detailed Report: https://www.databridgemarketresearch.com/reports/global-hybrid-flow-battery-market
The zinc-bromine flow battery (ZBFB) is the most well-known form of hybrid flow battery. Typically, a hybrid flow battery consists of a cell with 2 compartments separated by a microporous membrane. The battery has a conductor…
Hybrid Flow Battery Market, By Type (Zinc Bromine Flow Batteries, Other Hybrid F …
Data Bridge Market Research analyses the hybrid flow battery market will exhibit a CAGR of 32.14% for the forecast period of 2022-2029 and is likely to reach USD 710.18 million by 2029.
View Detailed Report: https://www.databridgemarketresearch.com/reports/global-hybrid-flow-battery-market
The zinc-bromine flow battery (ZBFB) is the most well-known form of hybrid flow battery. Typically, a hybrid flow battery consists of a cell with 2 compartments separated by a microporous membrane. The battery has a conductor…
Flow Cytometry Market Size 2020-26, Agilent Technologies, Apogee Flow Systems
The latest study on the Global Flow Cytometry market report represents a deep appraisal of the international industry. The research report on the worldwide Flow Cytometry market 2020-2026 sheds light on qualitative as well as quantitative insights, historical Flow Cytometry industry status and authorized projection related to the Flow Cytometry market size. Each and every segment exhibited in this report are discovered through verifiable research methods and techniques. It also…
Flow Rate Liquid Flow Meters Market: Competitive Dynamics & Global Outlook 2023
New report published by Global Info Research which offers insights on the global Multivariable Vortex Flowmeters market.
Multivariable vortex flowmeters can measure flow rates of various fluids including liquid, gas and steam, over a wide range of temperatures from -200 to +400 °c.
Click to view the full report TOC, figure and tables：
https://www.globalinforesearch.com/global-multivariable-vortex-flowmeters-market_p87354.html
Global Multivariable Vortex Flowmeters Market: Forecast by Type / Application / Region
The Multivariable Vortex Flowmeters market is expected to witness…
