Intelligent Flow Meter Market Research Report- Global Forecast 2022

Intelligent Flow Meter Market, by Type (Calorimetric, Multiphase, Vortex, Electromagnetic, Ultrasonic, Thermal, Coriolis), by Communication Protocol (HART, Profibus, Modbus), by Verticals (Chemical, Power Generation, Oil & Gas) - Forecast 2022

ID: MRFR/SEM/1394-HCR | February 2021 | Region: Global | 110 pages

Market Overview

Generally, Smart Flow Meter is an electronic instrument used to estimate the mass or volumetric, linear, non-linear flow rate of a liquid or gas in the course of its transmission and a pipe. Intelligent flowmeters have many benefits, as it is not affected by external weather conditions, and it provides accurate measurement readings of density, temperature, and velocity. As the demand to reduce uncertainties and improve flow calibration standards is increasing, the demand for intelligent flow meters increases.  

The Intelligent Flow Meter Market is growing, as it is very much suitable for the industrial environment. The industries like pharmaceuticals, oil and gas, metals and mining, chemical, food and beverages, pulp and paper industries, etc., are widely using the intelligent flow meter. These industries are getting benefits like precision, stability, accuracy, and reliability from the flow meter. Based on the application segments, the oil and gas industry intended to calibrate the fluids, enhancing the flowmeter market accurately. Moreover, the chemical and wastewater industries are also helping the intelligent flow meter market to raise their demand worldwide. Further, the Magnetic type of intelligent flow meter market has a prediction to generate the highest market revenue during its forecast period. It became possible for the magnetic type of flow meter market as the absence of a moving part reduces the cost of the maintenance and efficiency of estimating forward reverse the flow through equal precision.

In the present scenario, the global market has an estimated USD 2.5 billion to grow its market size in 2020. The Global Intelligent Flow Meter Market has expected to reach a 5% CAGR in the forecast period of 2022.

The report has focused on the Intelligent Flow Meter Market Analysis and the various segments and sub-segments concerning different geographical locations. It has explained the major factors affecting market growth by analyzing the global flowmeter market's production cost and supply chain. Moreover, the report has highlighted a country's market analysis concerning the current market growth and size. Besides, it sees the prospects of the global market. The report has briefly analyzed the key player's core competencies and illustrates a competitive landscape analysis for the worldwide flowmeter market.

COVID 19 Impacts on the Global Market

On 11 March 2020, the World Health Organization (WHO) announced COVID-19 as a pandemic, which affected almost all sectors, and the Intelligent Flow Meter Market Industry was one of them. The flowmeter market has also experienced a halt in this situation. As a result, the declined shipments of the flow meter product and the market revenues created from them have also been poorly affected. During the first half-year of this pandemic year, the market growth had faced problems, and a sudden drop in market size has witnessed. However, in the latter half of 2020, the global Intelligent Flow Meter Market demand has increased due to the increasing concern for flowmeter market products.

The Intelligent Flow Meter Market Report explains that the COVID-19 outbreak has gradually affected the flowmeter market's value chain. The industries like oil and gas, pulp and paper, chemicals, metals, and mining, and food and beverages have faced decreasing demands over their products because of the global slowdown and declining purchasing power of the customers for a short period.

Market Dynamics



  • Key Market Drivers



With the COVID-19 adversities facing a reduction, the key players are the key market drives as the businesses are currently adapting to the increased need for advanced technologies to grow the flowmeter market's potential. The post-COVID-19 outbreak blooms the related industry as unprecedented growth has witnessed in shoppers or customers. The global Intelligent Flow Meter Market has adopted various techniques to enhance the development of the flowmeter market. The intelligent flow meter has offered high stability, accuracy, and reliability, driving the Intelligent Flow Meter Market Demand in the global market.

However, the flow meter industry's immense growth has pressurized the whole delivery system, as a massive number of goods need to deliver within the deadline. Therefore, the companies have adopted new technology in flow meter facilities. This initiative has helped the flow meter companies effectively to fulfill the increasing demand of the consumers efficiently.



  • Opportunities for the Flow Meter Market



With the high preference for customized product demand, the flowmeter market growth is expected to boost on a larger scale. The growing emphasis on real-time data analysis and enhanced visibility has driven the manufacturers and operators to increase their speed and efficiency to achieve their goals. The flow meter's high adaptations to function in the global market provide some noticeable growth potential to the overall global market.

The global pandemic paused the workforce for some months in 2020, but it has brought more energy to the worldwide market to grow Intelligent Flow Meter Market Share with new strategies and planning.



  • Global Market Restraints



The flowmeter market's growth is boosting day by day because of more demand for high stability, accuracy, and reliability. Therefore, the oil and gas, pulp and paper, chemicals, metals, and mining, and food and beverage industries require a flowmeter market. The deteriorating oil costs can be a major restraint for the Intelligent Flow Meter Market Growth. Moreover, the high initial price of intelligent flow meters has been taken into considerations by the market players to make further changes in their strategies.

The report explains that the key drivers are working hard to meet the Intelligent Flow Meter Market Forecast market size.



  • Challenges for the Global Market



The modern intelligent flow meters like multiphase, ultrasonic, and Coriolis are more in demand than the traditional flow meter. The introduction of advanced features like real-time data analysis and feedback control has made the intelligent flow meter cost higher than the traditional one. Thus, these advanced features brought challenges for the manufacturers to manufacture intelligent flow meters within the limited price without compromising the smart features.

The report explains that the global market's inconsistency challenges arise because of the flow meter's advanced features. The global market is working progressively on this issue to attract more investors and customers.



  • Cumulative Growth Analysis of the Global Market



The increasing demand of the global market has aimed to achieve the Intelligent Flow MeterMarket Size of 5% CAGR for 2022. The market size prediction of the forecast period is much higher than the previous report.

Thus, the primary key drivers are working very hard in all the regions to achieve more sales targets and more productions for the upcoming years.

Technology Analysis of the Global Market

Many industrial sectors have successfully adapted to the global Intelligent Flow Meter Market Trends, due to which the overall growth potential of the market has enhanced. Some of the market's intended audiences are Technology consultants, Flow Meter Suppliers, Service Providers, Research Organizations, Original Equipment Manufacturer (OEMs), Product Manufacturers or Suppliers, etc.

These sectors have understood the customers’ demands for increasing the segmental functionality of hardware and software. The key players are also enhancing the technology potential behind the service to increase sales and production opportunities.

 Market segmentation Overview



  • Segmented by Type



According to the segmental classification, the flowmeter market is segmented into various types, i.e., Ultrasonic, Variable Area, Differential Pressure, Coriolis, Magnetic, Vortex, Multiphase, Thermal, and Turbine.

The global market analysis report mentions that these Marketflow meter types have unique concepts and functionality for their growth.



  • Segmented by Application



The flowmeter market has various segmental applications in Power Generation, Water and Wastewater, Chemicals, Food and Beverages, Pharmaceuticals, Metals and Mining, Oil and Gas, and many others.

The report explains that with the various flow meter applications, the global market demand is increasing and creating more industrialists' opportunities.



  • Segmented by Communication Protocol



The global flow meter is segmented into various communication protocols like Modbus, Profibus, Hart, and others.

These communication protocol classifications have given more scope to the global market. The report mentions that the new addition to the existing hardware can help the global market achieve its goal by 2022.

Regional Analysis

Based on the regional classification, the flowmeter market is widely spread across various regions of the world. Some of the popular areas are North America, Asia Pacific, Europe, and The Middle East & Africa.

Out of all the regions, Asia-Pacific has generated the maximum market share in the entire market due to the increasing demand for measuring meters in the Oil and Gas industry. It provides a maximum contribution to increasing market revenue generation.

Competitive Landscape Analysis

The Intelligent Flow Meter Market Outlook has some top key players who have made efforts to grow the market revenue. These major key players are:



  • Endress + Hauser AG (Switzerland),

  • Azbil Corporation (Japan),

  • Krohne Messtechnik GmbH (Germany),

  • ABB Ltd. (U.S.),

  • Sierra Instruments Inc. (U.S.),

  • Nidec Corporation, (U.S.),

  • Honeywell International Inc. (U.S.),

  • General Electric Company (U.S.),

  • Siemens AG (Germany),

  • Yokogawa Electric Corporation (Japan),

  • American Industrial Partners (U.S.)



The report explains that the embedded market has more competitors in the marketing field. Therefore, these companies have adopted various strategies to spread their business all over the regions.

Recent Developments



  • In February 2020, Siemens Digital Industries had customized the SITRANS FS230 clamp-on ultrasonic flow meter.

  • In March 2020, Endress+Hauser introduced the new Prosonic Flow G flowmeter series in the global market.

  • In March 2020, Emerson introduced a titanium-housed transducer Daniel T-200.



Report Overview

The holistic study of the global market has covered all the following points:



  • Market overview

  • COVID 19 Impact Analysis

  • Market Dynamics

  • Technology analysis

  • Market segmentation overview

  • Regional analysis

  • Competitive landscape analysis

  • Recent Developments of the market



The report overview has highlighted the overall development and opportunities for the flowmeter market. The growth is based on market segmentation, regional analysis, COVID-19 analysis, and other factors to generate market demand.

Segmentation table:

By Types



  • Ultrasonic

  • Variable Area

  • Differential Pressure

  • Coriolis

  • Magnetic

  • Vortex

  • Multiphase

  • Thermal,

  • Turbine



By Application



  • Power Generation,

  • Water and Wastewater,

  • Chemicals,

  • Food and Beverages,

  • Pharmaceuticals,

  • Metals and mining,

  • Oil and gas,

  • others.



By Communication Protocol


  • Modbus

  • Profibus

  • Hart

  • others



Frequently Asked Questions (FAQ) :


The global intelligent flow market is expected to reach a revenue generation of 7 billion by 2022.

The global intelligent flow market is expected to witness substantial growth at a CAGR of over the review period of 5% over the review period of (2016-2022).

A few major players of the intelligent flow market are Thermal, Doppler, Vortex, Electromagnetic, Ultrasonic, and Coriolis among others

the increasing demand of the intelligent flow meter in Chemical & wastewater industries is driving the market of intelligent flow meters.

Asia-Pacific is leading the market of Intelligent Flow Meter Market owing to increasing industrial development and massive demand of measuring meters in the Oil & Gas industry.

The global market has aimed to meet a CAGR of 5% by the end of the year 2022

Asia-Pacific has dominated the flowmeter market in the forecast period.


1. REPORT PROLOGUE

2. INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 RESEARCH OBJECTIVE

2.2.2 ASSUMPTIONS

2.2.3 LIMITATIONS

2.3 MARKET STRUCTURE

3. RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

4. MARKET DYNAMICS

4.1 DRIVERS

4.2 RESTRAINTS

4.3 OPPORTUNITIES

4.4 CHALLENGES

5. MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS/SUPPLY CHAIN ANALYSIS

5.2 PORTERS FIVE FORCES

5.2.1.BARGAINING POWER OF SUPPLIERS

5.2.2.BARGAINING POWER OF CUSTOMER

5.2.3.INTENSITY OF COMPETITOR’S

5.2.4.THREAT OF NEW ENTRANTS

5.2.5 THREAT OF SUBSTITUTES

6 GLOBAL INTELLIGENT FLOW METER MARKET, BY TYPE

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 CALORIMETRIC

6.2.2 MULTIPHASE

6.2.3 TURBINE

6.2.4 VORTEX

6.2.5 ELECTROMAGNETIC

6.2.6 DOPPLER

6.2.7 ULTRASONIC

6.2.8 THERMAL

6.2.9 CORIOLIS

6.2.10 OTHERS

7 GLOBAL INTELLIGENT FLOW METER MARKET, BY COMMUNICATION PROTOCOLS

7.1 INTRODUCTION

7.2 MARKET STATISTICS

7.2.1 HART

7.2.2 PROFIBUS

7.2.3 MODBUS

7.2.4 OTHERS

8 GLOBAL INTELLIGENT FLOW METER MARKET, BY VERTICAL

8.1 INTRODUCTION

8.2 MARKET STATISTICS

8.2.1 OIL & GAS

8.2.2 CHEMICAL & PHARMACEUTICALS

8.2.3 FOOD & BEVERAGES

8.2.4 METALS & MINING,

8.2.5 PULP & PAPER

8.2.6 POWER GENERATION

8.2.7 OTHERS

9 GLOBAL INTELLIGENT FLOW METER MARKET, BY GEOGRAPHY

9.1. INTRODUCTION

9.1.1. NORTH AMERICA

9.1.1.1. U.S.

9.1.1.2. CANADA

9.1.2. EUROPE

9.1.2.1. GERMANY

9.1.2.2. FRANCE

9.1.2.3. UK

9.1.2.4. ITALY

9.1.2.5. SPAIN

9.1.2.6. REST OF EUROPE

9.1.3. ASIA-PACIFIC

9.1.3.1. JAPAN

9.1.3.2. CHINA

9.1.3.3. INDIA

9.1.3.4. SOUTH KOREA

9.1.3.5. REST OF ASIA-PACIFIC

9.1.4. MIDDLE EAST & AFRICA

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION

10.2 MERGERS & ACQUISITIONS

10.3 COLLABORATIONS

10.4 RELEASES/NEW TYPE LAUNCHES

10.5 OTHER (EXPANSION/ UPDATES/PARTNERSHIPS)

11 COMPANY PROFILE

11.1 ABB, LTD.

11.1.1 COMPANY OVERVIEW

11.1.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.1.3 FINANCIAL UPDATES

11.1.4 KEY DEVELOPMENTS

11.2 SIERRA INSTRUMENTS, INC.

11.2.1 COMPANY OVERVIEW

11.2.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.2.3 FINANCIAL UPDATES

11.2.4 KEY DEVELOPMENTS

11.3 NIDEC CORPORATION

11.3.1 COMPANY OVERVIEW

11.3.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.3.3 FINANCIAL UPDATES

11.3.4 KEY DEVELOPMENTS

11.4 HONEYWELL INTERNATIONAL, INC.

11.4.1 COMPANY OVERVIEW

11.4.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.4.3 FINANCIAL UPDATES

11.4.4 KEY DEVELOPMENTS

11.5 ENDRESS + HAUSER AG

11.5.1 COMPANY OVERVIEW

11.5.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.5.3 FINANCIAL UPDATES

11.5.4 KEY DEVELOPMENTS

11.6 GENERAL ELECTRIC COMPANY

11.6.1 COMPANY OVERVIEW

11.6.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.6.3 FINANCIAL UPDATES

11.6.4 KEY DEVELOPMENTS

11.7 AZBIL CORPORATION

11.7.1 COMPANY OVERVIEW

11.7.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.7.3 FINANCIAL UPDATES

11.7.4 KEY DEVELOPMENTS

11.8 KROHNE MESSTECHNIK GMBH

11.8.1 COMPANY OVERVIEW

11.8.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.8.3 FINANCIAL UPDATES

11.8.4 KEY DEVELOPMENTS

11.9 SIEMENS AG

11.9.1 COMPANY OVERVIEW

11.9.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.9.3 FINANCIAL UPDATES

11.9.4 KEY DEVELOPMENTS

11.10 AMERICAN INDUSTRIAL PARTNERS

11.10.1 COMPANY OVERVIEW

11.10.2 TYPE/BUSINESS SEGMENT OVERVIEW

11.10.3 FINANCIAL UPDATES

11.10.4 KEY DEVELOPMENTS

11.11 OTHERS

12 MRFR CONCLUSION

13. APPENDIX
LIST OF TABLES
TABLE 1 GLOBAL INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 2 GLOBAL INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 3 GLOBAL INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 4 GLOBAL INTELLIGENT FLOW METER MARKET BY REGIONS

TABLE 5 NORTH- AMERICA INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 6 NORTH-AMERICA INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 7 NORTH- AMERICA INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 8 NORTH -AMERICA INTELLIGENT FLOW METER MARKET BY COUNTRY

TABLE 9 U.S. INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 10 U.S. INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 11 U.S. INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 12 CANADA INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 13 CANADAL INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 14 CANADA INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 15 EUROPE INTELLIGENT FLOW METER MARKET BY COUNTRY

TABLE 16 EUROPE INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 17 EUROPE INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 18 EUROPE INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 19 GERMANY INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 20 GERMANY INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 21 GERMANY INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 22 FRANCE INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 23 FRANCE INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 24 FRANCE INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 25 U.K. INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 26 U.K. INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 27 U.K. INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 28 REST OF EUROPE INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 29 REST OF EUROPE INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 30 REST OF EUROPE INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 31 ASIA-PACIFIC INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 32 ASIA-PACIFIC INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 33 ASIA-PACIFIC INTELLIGENT FLOW METER MARKET BY VERTICAL

TABLE 34 ASIA-PACIFIC INTELLIGENT FLOW METER MARKET BY COUNTRY

TABLE 35 MIDDLE EAST & AFRICA INTELLIGENT FLOW METER MARKET BY TYPE

TABLE 36 MIDDLE EAST & AFRICA INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS

TABLE 37 MIDDLE EAST & AFRICA INTELLIGENT FLOW METER MARKET BY VERTICAL
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE

FIGURE 2 GLOBAL INTELLIGENT FLOW METER MARKET: BY TYPE (%)

FIGURE 3 GLOBAL INTELLIGENT FLOW METER MARKET: BY COMMUNICATION PROTOCOLS (%)

FIGURE 4 GLOBAL INTELLIGENT FLOW METER MARKET: BY VERTICAL (%)

FIGURE 5 GLOBAL INTELLIGENT FLOW METER MARKET: BY REGION (%)

FIGURE 6 NORTH- AMERICA INTELLIGENT FLOW METER MARKET BY TYPE (%)

FIGURE 7 NORTH-AMERICA INTELLIGENT FLOW METER MARKET: BY COMMUNICATION PROTOCOLS (%)

FIGURE 8 NORTH- AMERICA INTELLIGENT FLOW METER MARKET BY VERTICAL (%)

FIGURE 9 NORTH -AMERICA INTELLIGENT FLOW METER MARKET BY COUNTRIES (%)

FIGURE 10 EUROPE INTELLIGENT FLOW METER MARKET BY TYPE (%)

FIGURE 11 EUROPE INTELLIGENT FLOW METER MARKET: BY COMMUNICATION PROTOCOLS (%)

FIGURE 12 EUROPE INTELLIGENT FLOW METER MARKET BY VERTICAL (%)

FIGURE 13 EUROPE INTELLIGENT FLOW METER MARKET BY COUNTRIES (%)

FIGURE 14 ASIA-PACIFIC INTELLIGENT FLOW METER MARKET BY TYPE (%)

FIGURE 15 ASIA-PACIFIC INTELLIGENT FLOW METER MARKET BY COMMUNICATION PROTOCOLS (%)

FIGURE 16 ASIA-PACIFIC INTELLIGENT FLOW METER MARKET: BY VERTICAL (%)

FIGURE 17 ASIA-PACIFIC INTELLIGENT FLOW METER MARKET BY COUNTRIES (%)

FIGURE 18 ROW INTELLIGENT FLOW METER MARKET BY TYPE (%)

FIGURE 19 ROW INTELLIGENT FLOW METER MARKET: BY COMMUNICATION PROTOCOLS (%)

FIGURE 20 ROW INTELLIGENT FLOW METER MARKET BY VERTICAL (%)