Global Ultrasonic Flow Meter Market To Hit USD 8.8 Billion By The End Of 2024

An ultrasonic flow meter, also known as non-intrusive Doppler flow meter, is used to measure the velocity of fluids flowing in a pipe. Ultrasonic flow meter uses sound wave as a medium to measure the velocity of the fluid. However, ultrasonic flow meter can’t be used to measure of drinking water or distilled water as ultrasonic flow meter requires bubbles or particulates in the flow. Ultrasonic flow meter is used in many industries such as oil & gas, water and wastewater, power generation, food and other industries.
Market Size & Forecast
Global ultrasonic market is anticipated to grow at a remarkable compound annual growth rate (CAGR) of 7.1% over the forecast period 2017-2024. Further, global ultrasonic flow meter market stood at valuation of around USD 6.2 Billion by the end of 2016 and is expected to reach at a valuation of around USD 8.8 Billion by the end of year 2024.
In terms of region, global ultrasonic flow meter market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Europe accounted for the largest market in ultrasonic flow meter and is estimated to capture 30% share of the overall global ultrasonic flow meter market share in 2016. Furthermore, Asia Pacific region is projected to grow at modest compound annual growth rate (CAGR) of 5.6% over the forecast period. Development of new oil & gas industries and increasing demand for power and industrialization in developing economies of Asia Pacific region are some major of the factors which have propelled the demand for ultrasonic flow meter in this region.
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Middle East & Africa region is anticipated to witness a remarkable growth in near future owing to development of new oil & gas refineries in is expected to impel the demand for ultrasonic flow meter in this region.
Market Segmentation
Our-in depth analysis of the global ultrasonic flow meter market includes the following segments:
By Product
  • Wall Mount Ultrasonic Flow Meter
  • Handheld Ultrasonic Flow Meter
  • In-Line Ultrasonic Flow Meter
  • Ultrasonic Doppler Flow Meter
  • Clamp-On Ultrasonic Flow Meter
  • Portable Ultrasonic Flow Meter
By Number of Paths
  • 3-Path Transit time
  • 4- Path Transit time
  • 5- Path Transit time
  • 6 or More Path Transit Time
By Application
  • Oil & Gas
  • Water & Wastewater
  • Power Generation
  • Chemical
  • Food & Beverage
  • Pharmaceutical
  • Metals and Mining
  • Pulp & Paper
By Region
  • Global ultrasonic flow meter market is further classified on the basis of region as follows:
  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis
global-ultrasonic-flowmeter-market-share-demand-size-growth-trends.jpg
Growth Drivers & Challenges
Development of innovative ultrasonic flow meters is a key reason which is driving the growth of global ultrasonic flow meter market. Additionally, the manufacturers of Ultrasonic Flow Meter are developing advanced ultrasonic flow meter such as hybrid ultrasonic flow meters, portable ultrasonic flow meter and other such products. Further, this development of advanced ultrasonic technologies is expected to foster the growth of global ultrasonic flow meter market in near future.
Developing countries such as India, China, Brazil and Russia are witnessing rapid developments such as urbanization, industrialization and power sector. Such developments include the development of new oil & gas refineries, chemical industries and power generation are anticipated to increase the demand for ultrasonic flow meter in near future. Furthermore, development of new water & wastewater industries is expected to fuel the demand for ultrasonic flow meter. This rising demand of ultrasonic flow meter in water and wastewater industries can be attributed to need of ultrasonic flow meter to determine the characteristics of water flowing through the pipelines of water & wastewater industries.
However, availability of alternative technologies in flow meter sector and rising adoption of modern flow meters over traditional flow meters is expected to hamper the growth of global ultrasonic flow meter market in near future.
Key Players
Asea Brown Boveri Ltd.
Company Overview
Key Product Offering
Business Strategy
SWOT Analysis
Financials
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.
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
  • The global ultrasonic flow meter market is segmented as follows:
  • By Product  Market Size & Y-O-Y Growth Analysis
  • By Number of Paths Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
To Know More About This Research, Kindly Visit:
For Table of Content & Free Sample Report Contact:
Name:- Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123

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