Market Overview:
The global cryogenic flow meters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cryogenic flow meters in custody transfer, food & beverage, petroleum, water treatment and other applications. Additionally, the growing demand for energy-efficient and reliable flow measurement solutions is also propelling the growth of this market. However, high installation and maintenance costs may restrain the growth of this market to some extent during the forecast period. On basis of type, vortex flow meters are expected to hold a major share in the global cryogenic flow meters market during 2018-2030 owing to their wide adoption in various applications such as custody transfer, food & beverage and others.
Product Definition:
Cryogenic flow meters are used to measure the flow rate of cryogenic fluids, typically gases such as nitrogen, oxygen, and argon. They are important for ensuring that these gases are supplied at the correct rate for use in processes such as cryogenically cooling magnets or in producing liquid nitrogen.
Vortex Flow Meters:
Vortex flow meters are used to measure the rate of liquid or gas passing through a barrier. It is an instrument that creates and measures vortices in a stream of fluid. The meter consists of two main parts, namely the impeller and the vane which create counter-rotating discs by means of blades. These discs interact with each other producing a pressure differential that drives the fluid forward through the meter’s port at high speed.
Turbine Flow Meters:
Turbine flow meters are used to measure the rate of flow of fluids in turbines. It is a device that helps in monitoring the velocity and direction of fluid movement inside a turbine. The main function performed by these meters is to provide an accurate measurement for vane temperature, which helps control it's corrosion and scaling problems. These devices help operators monitor the performance indicators such as inflow temperature, average velocity, maximum velocity etc.
Application Insights:
Petroleum was the largest application segment in 2017 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for cryogenic flow meters in onshore and offshore petroleum activities across the globe. In addition, growing investments by oil & gas companies in developing new sources of hydrocarbons are expected to drive the demand for cryogenic flow meters over the coming years.
Cryogenic flow meters are used extensively across various industries including food & beverage, chemical, medical, pharmaceutical among others owing to their accuracy and precision while measuring low viscosity liquids or gases with high accuracy levels as per industry standards. Growing product adoption by major players in these sectors coupled with favorable government regulations is likely to propel market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for cryogenic flow meters, registering a CAGR of XX% from 2018 to 2030 owing to increasing demand from various application industries in the region. The growth can be attributed to factors such as rapid industrialization and urbanization, coupled with growing population and rising living standards. Cryogenic flow meters are used extensively in water treatment plants due to their superior performance compared with other conventional methods of water treatment such as distillation or filtration processes.
The presence of large oil & gas reserves across several countries including Iran, Qatar, Saudi Arabia and Kuwait is anticipated to boost the market growth over the forecast period owing both upstream exploration activities for new discoveries as well as downstream processing capacities at refineries for crude oil products like gasoline/petroliumum (gasoline), diesel fuel etc.
Growth Factors:
- Increasing demand for cryogenic gases in various end-use industries such as chemicals, metals and mining, food and beverages, and others
- Growing adoption of cryogenic flow meters for accurate measurement of gas flow rates in various process industries
- Rising concerns over energy conservation and emissions reduction across different industrial sectors
- Technological advancements in cryogenic flow meter technology that offer enhanced performance and reliability
- Growing demand for smart metering solutions to optimize energy utilization across different industrial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Flow Meters Market Research Report
By Type
Vortex Flow Meters, Turbine Flow Meters, Other
By Application
Custody Transfer, Food & Beverage, Petroleum, Water Treatment, Other
By Companies
Hoffer Flow Controls, KROHNE, Sierra Instruments, Yokogawa, Emerson Process Management, Litre Meter Limited, Liquid Controls, Loeser Messtechnik, Turbines Incorporated
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Flow Meters Market Report Segments:
The global Cryogenic Flow Meters market is segmented on the basis of:
Types
Vortex Flow Meters, Turbine Flow Meters, Other
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
Custody Transfer, Food & Beverage, Petroleum, Water Treatment, Other
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:
- Hoffer Flow Controls
- KROHNE
- Sierra Instruments
- Yokogawa
- Emerson Process Management
- Litre Meter Limited
- Liquid Controls
- Loeser Messtechnik
- Turbines Incorporated
Highlights of The Cryogenic Flow Meters 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:
- Vortex Flow Meters
- Turbine Flow Meters
- Other
- By Application:
- Custody Transfer
- Food & Beverage
- Petroleum
- Water Treatment
- Other
- 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 Cryogenic Flow Meters 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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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Cryogenic flow meters are instruments that measure the flow rate of cryogenic fluids. These meters use a variety of techniques to measure the fluid's velocity and pressure.
Some of the major players in the cryogenic flow meters market are Hoffer Flow Controls, KROHNE, Sierra Instruments, Yokogawa, Emerson Process Management, Litre Meter Limited, Liquid Controls, Loeser Messtechnik, Turbines Incorporated.
The cryogenic flow meters market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cryogenic Flow Meters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cryogenic Flow Meters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cryogenic Flow Meters Market - Supply Chain
4.5. Global Cryogenic Flow Meters Market Forecast
4.5.1. Cryogenic Flow Meters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cryogenic Flow Meters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cryogenic Flow Meters Market Absolute $ Opportunity
5. Global Cryogenic Flow Meters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cryogenic Flow Meters Market Size and Volume Forecast by Type
5.3.1. Vortex Flow Meters
5.3.2. Turbine Flow Meters
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cryogenic Flow Meters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cryogenic Flow Meters Market Size and Volume Forecast by Application
6.3.1. Custody Transfer
6.3.2. Food & Beverage
6.3.3. Petroleum
6.3.4. Water Treatment
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cryogenic Flow Meters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cryogenic Flow Meters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cryogenic Flow Meters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cryogenic Flow Meters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cryogenic Flow Meters Demand Share Forecast, 2019-2026
9. North America Cryogenic Flow Meters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cryogenic Flow Meters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cryogenic Flow Meters Market Size and Volume Forecast by Application
9.4.1. Custody Transfer
9.4.2. Food & Beverage
9.4.3. Petroleum
9.4.4. Water Treatment
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cryogenic Flow Meters Market Size and Volume Forecast by Type
9.7.1. Vortex Flow Meters
9.7.2. Turbine Flow Meters
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cryogenic Flow Meters Demand Share Forecast, 2019-2026
10. Latin America Cryogenic Flow Meters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cryogenic Flow Meters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cryogenic Flow Meters Market Size and Volume Forecast by Application
10.4.1. Custody Transfer
10.4.2. Food & Beverage
10.4.3. Petroleum
10.4.4. Water Treatment
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cryogenic Flow Meters Market Size and Volume Forecast by Type
10.7.1. Vortex Flow Meters
10.7.2. Turbine Flow Meters
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cryogenic Flow Meters Demand Share Forecast, 2019-2026
11. Europe Cryogenic Flow Meters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cryogenic Flow Meters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cryogenic Flow Meters Market Size and Volume Forecast by Application
11.4.1. Custody Transfer
11.4.2. Food & Beverage
11.4.3. Petroleum
11.4.4. Water Treatment
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cryogenic Flow Meters Market Size and Volume Forecast by Type
11.7.1. Vortex Flow Meters
11.7.2. Turbine Flow Meters
11.7.3. Other
11.8. Basis Point Share (BPS) Aalysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cryogenic Flow Meters Demand Share, 2019-2026
12. Asia Pacific Cryogenic Flow Meters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cryogenic Flow Meters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cryogenic Flow Meters Market Size and Volume Forecast by Application
12.4.1. Custody Transfer
12.4.2. Food & Beverage
12.4.3. Petroleum
12.4.4. Water Treatment
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cryogenic Flow Meters Market Size and Volume Forecast by Type
12.7.1. Vortex Flow Meters
12.7.2. Turbine Flow Meters
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cryogenic Flow Meters Demand Share, 2019-2026
13. Middle East & Africa Cryogenic Flow Meters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cryogenic Flow Meters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cryogenic Flow Meters Market Size and Volume Forecast by Application
13.4.1. Custody Transfer
13.4.2. Food & Beverage
13.4.3. Petroleum
13.4.4. Water Treatment
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cryogenic Flow Meters Market Size and Volume Forecast by Type
13.7.1. Vortex Flow Meters
13.7.2. Turbine Flow Meters
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cryogenic Flow Meters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cryogenic Flow Meters Market: Market Share Analysis
14.2. Cryogenic Flow Meters Distributors and Customers
14.3. Cryogenic Flow Meters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hoffer Flow Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KROHNE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sierra Instruments
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yokogawa
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Emerson Process Management
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Litre Meter Limited
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Liquid Controls
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Loeser Messtechnik
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Turbines Incorporated
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook