Market Overview:
The global flowmeter calibration market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for flowmeters in various industries such as oil and gas, water and wastewater, mining and minerals, chemical industry, and others. In addition, the increase in demand for calibration services by OEM service providers and third-party service providers is also contributing to the growth of this market. However, lack of awareness about calibration services among end users is restraining the growth of this market. On the basis of type, the global flowmeter calibration market can be segmented into OEM service providers and third-party service providers.
Product Definition:
Flowmeter calibration is the process of adjusting and/or verifying the accuracy of a flowmeter. Flowmeters are used to measure the volumetric flow rate of liquids or gases in a pipe or conduit. The accuracy of a flowmeter is important because it affects the accuracy of measurements made downstream from the meter. Flowmeter calibration should be performed periodically to ensure that the meter is reading accurately.
OEM Service Providers:
OEM service providers are the companies that provide end-to-end services from design to delivery of a product. They have in-house engineering teams and expertise, which helps them provide better solutions for customers. OEMs can either be engaged in manufacturing or procuring products; however, they need to maintain quality throughout the value chain to ensure customer satisfaction. The market is expected to witness significant growth owing to increasing demand for outsourcing services by Original Equipment Manufacturers (OEMs).
Third-Party Service Providers:
A third-party service provider is a company, which provides services to another company. It can be defined as a person or an organization that provides products and/or services for another organization without being employed by them. The term is generally used in reference to the companies that provide measurement and control solutions for manufacturing processes but it can also be applied in other industries such as construction, healthcare, IT etc.
Application Insights:
The oil and gas industry accounted for the largest revenue share in 2016. The global flowmeter calibration market is expected to witness significant growth over the forecast period owing to rising demand for natural gas and crude oil from various sectors, including power generation, automotive, and residential/commercial.
Flowmeters are used in a variety of applications across diverse industries such as water & wastewater management, mining & minerals processing, chemical manufacturing among others. In addition to these industries also use flowmeters for process control in food processing plants; pulp & paper mills; refineries; petrochemical facilities among others.
In terms of revenue, the water.
Regional Analysis:
Asia Pacific dominated the global flowmeter calibration market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of prominent oil and gas, mining, and chemical industries in countries such as China, India, Australia among others. The region is expected to continue its dominance over the forecast period owing to increasing demand for energy resources along with growing industrialization across emerging economies including China and India.
The Asia Pacific regional market was followed by North America which accounted for a significant share due to high demand from end-use industries such as water and wastewater management; oilfield chemicals; mining industry; power generation sector etc., mainly located in U.S., Canada, Mexico among other Central & South American countries). Europe also held a considerable market share owing to high consumption levels from major end-use sectors including chemical processing plants along with municipal & environmental agencies (eutrophication control bodies) operating within European nations such as Germany; France among others).
Growth Factors:
- Increasing demand for flowmeter calibration in various industries
- Growing awareness about the benefits of flowmeter calibration
- Proliferation of advanced technologies and equipment for flowmeter calibration
- Rising demand for precision and accuracy in measurement and control systems
- Growing number of accredited laboratories and service providers
Scope Of The Report
Report Attributes
Report Details
Report Title
Flowmeter Calibration Market Research Report
By Type
OEM Service Providers, Third-Party Service Providers
By Application
Oil and Gas Industry, Water and Wastewater Industry, Mining and Minerals Industry, Chemical Industry, Others Industry
By Companies
Emerson Electric, Honeywell, ABB, Schneider Electric, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Flowmeter Calibration Market Report Segments:
The global Flowmeter Calibration market is segmented on the basis of:
Types
OEM Service Providers, Third-Party Service Providers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas Industry, Water and Wastewater Industry, Mining and Minerals Industry, Chemical Industry, Others Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson Electric
- Honeywell
- ABB
- Schneider Electric
- Siemens
Highlights of The Flowmeter Calibration Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OEM Service Providers
- Third-Party Service Providers
- By Application:
- Oil and Gas Industry
- Water and Wastewater Industry
- Mining and Minerals Industry
- Chemical Industry
- Others Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flowmeter Calibration Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flowmeter calibration is the process of verifying that a flowmeter is accurately measuring flow rates. Flowmeters can be inaccurate if they are not calibrated correctly. Calibration can help to ensure accurate measurements and improve system performance.
Some of the key players operating in the flowmeter calibration market are Emerson Electric, Honeywell, ABB, Schneider Electric, Siemens.
The flowmeter calibration market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flowmeter Calibration Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Flowmeter Calibration Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Flowmeter Calibration Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Flowmeter Calibration Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Flowmeter Calibration Market Size & Forecast, 2020-2028 4.5.1 Flowmeter Calibration Market Size and Y-o-Y Growth 4.5.2 Flowmeter Calibration Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 OEM Service Providers
5.2.2 Third-Party Service Providers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas Industry
6.2.2 Water and Wastewater Industry
6.2.3 Mining and Minerals Industry
6.2.4 Chemical Industry
6.2.5 Others Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flowmeter Calibration Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flowmeter Calibration Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 OEM Service Providers
9.6.2 Third-Party Service Providers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas Industry
9.10.2 Water and Wastewater Industry
9.10.3 Mining and Minerals Industry
9.10.4 Chemical Industry
9.10.5 Others Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 OEM Service Providers
10.6.2 Third-Party Service Providers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas Industry
10.10.2 Water and Wastewater Industry
10.10.3 Mining and Minerals Industry
10.10.4 Chemical Industry
10.10.5 Others Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 OEM Service Providers
11.6.2 Third-Party Service Providers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas Industry
11.10.2 Water and Wastewater Industry
11.10.3 Mining and Minerals Industry
11.10.4 Chemical Industry
11.10.5 Others Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 OEM Service Providers
12.6.2 Third-Party Service Providers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas Industry
12.10.2 Water and Wastewater Industry
12.10.3 Mining and Minerals Industry
12.10.4 Chemical Industry
12.10.5 Others Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 OEM Service Providers
13.6.2 Third-Party Service Providers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas Industry
13.10.2 Water and Wastewater Industry
13.10.3 Mining and Minerals Industry
13.10.4 Chemical Industry
13.10.5 Others Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flowmeter Calibration Market: Competitive Dashboard
14.2 Global Flowmeter Calibration Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson Electric
14.3.2 Honeywell
14.3.3 ABB
14.3.4 Schneider Electric
14.3.5 Siemens