Market Overview:
The global flow test meter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for flow test meters from various end-use industries, such as the chemical industry, electricity generation, oil & gas industry, and others. In addition, the growing demand for ultrasonic type flow test meters is also contributing to the growth of this market. Based on type, the global flow test meter market can be segmented into thermal type, mechanical type, ultrasonic type magnetic type and pressure types. The thermaltype segment is expected to account for a major share of this market in 2018 owing to its high accuracy and reliability levels compared with other types of flow test meters.
Product Definition:
A flow test meter is a device used to measure the rate of fluid flow in a pipeline. It is important to use a flow test meter because it can help prevent pipeline failures by detecting and correcting any problems with the pipeline's flow rate.
Thermal Type:
Thermal type is a method to measure the heat transfer property of fluids. It's major application is in the oil & gas industry, where it's used for measuring thermal efficiency of various processes such as steam generation and re-gasification. In addition, thermal meters are also used in process heating applications including chemical plants and refineries among others.
Mechanical Type:
The mechanical type is a system that measures the flow rate of liquids and gases. It is used in industries such as chemical, petrochemical, pharmaceuticals, food & beverage processing and power generation. The meter consists of two main components namely; case and sensor. Case holds all the internal parts together including electrical connections for sensors or valves etc., while sensor forms an interface between gas or liquid to be measured and case allowing measurement by appropriate conversion factors depending upon its nature i.e.
Application Insights:
The electricity application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The use of meters for measuring electric current has been mandatory by law in most countries since late 1800s, when it comes to power generation and transmission sectors.
The oil & gas industry is expected to be one of the fastest-growing industries over the forecast period owing to increasing global production levels coupled with rising demand from other energy-intensive industries such as manufacturing, construction, and transportation. Flow test meters are used during drilling operations as they provide accurate measurement while monitoring flow rates within mud circulation systems or circulation pumps on a well site or rig floor.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major chemical, oil & gas, and power generation companies that are actively looking for cost-effective ways to screen their materials. This has led to an increase in demand for flow test meters across various industries in Asia Pacific.
The Middle East & Africa region accounted for a significant share due to increasing government spending on infrastructure development projects such as airports, ports, pipelines among others across countries including UAE and Saudi Arabia among others. These factors are anticipated to drive product demand over the forecast period.
North America was another prominent regional segment accounting for a revenue share of more than 20% owing with growing use of these devices by chemical manufacturers within U.S.
Growth Factors:
- Increasing demand for flow test meters from the oil and gas industry as a result of the growth in exploration and production activities
- Rising demand for flow test meters from the water and wastewater management sector due to stringent government regulations on water usage
- Growing popularity of portable flow test meters that can be used in field applications
- Increasing use of digital technologies in flow test meter systems that provide enhanced accuracy and performance
- Proliferation of smart cities with advanced infrastructure that require efficient monitoring and control of water flows
Scope Of The Report
Report Attributes
Report Details
Report Title
Flow Test Meter Market Research Report
By Type
Thermal Type, Mechanical Type, Ultrasonic Type, Magnetic Type, Pressure Type
By Application
Chemical Industry, Electricity, Oil & Gas Industry, Others
By Companies
ABB, Azbil Corporation, Badger Meter Inc., Emerson Electric Co., Endress + Hauser Ag, Honeywell International Inc., Invensys Plc, Siemens A.G., Yokogawa Electric Co, GE, Omega, Dwyer Instruments Pty Ltd, Flexim, FMG, Seametrics
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Flow Test Meter Market Report Segments:
The global Flow Test Meter market is segmented on the basis of:
Types
Thermal Type, Mechanical Type, Ultrasonic Type, Magnetic Type, Pressure Type
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
Chemical Industry, Electricity, Oil & Gas Industry, Others
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:
- ABB
- Azbil Corporation
- Badger Meter Inc.
- Emerson Electric Co.
- Endress + Hauser Ag
- Honeywell International Inc.
- Invensys Plc
- Siemens A.G.
- Yokogawa Electric Co
- GE
- Omega
- Dwyer Instruments Pty Ltd
- Flexim
- FMG
- Seametrics
Highlights of The Flow Test Meter 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:
- Thermal Type
- Mechanical Type
- Ultrasonic Type
- Magnetic Type
- Pressure Type
- By Application:
- Chemical Industry
- Electricity
- Oil & Gas Industry
- Others
- 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 Flow Test Meter 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
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Flow Test Meter is a tool that helps you measure the flow of liquids and gases through pipes. It can be used to test for leaks, identify potential problems with gas lines, and monitor fluid levels in tanks.
Some of the key players operating in the flow test meter market are ABB, Azbil Corporation, Badger Meter Inc., Emerson Electric Co., Endress + Hauser Ag, Honeywell International Inc., Invensys Plc, Siemens A.G., Yokogawa Electric Co, GE, Omega, Dwyer Instruments Pty Ltd, Flexim, FMG, Seametrics.
The flow test meter market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flow Test Meter 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. Flow Test Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flow Test Meter Market - Supply Chain
4.5. Global Flow Test Meter Market Forecast
4.5.1. Flow Test Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flow Test Meter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flow Test Meter Market Absolute $ Opportunity
5. Global Flow Test Meter 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. Flow Test Meter Market Size and Volume Forecast by Type
5.3.1. Thermal Type
5.3.2. Mechanical Type
5.3.3. Ultrasonic Type
5.3.4. Magnetic Type
5.3.5. Pressure Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flow Test Meter 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. Flow Test Meter Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Electricity
6.3.3. Oil & Gas Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flow Test Meter 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. Flow Test Meter 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 Flow Test Meter 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. Flow Test Meter 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 Flow Test Meter Demand Share Forecast, 2019-2026
9. North America Flow Test Meter 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 Flow Test Meter 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 Flow Test Meter Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Electricity
9.4.3. Oil & Gas Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flow Test Meter Market Size and Volume Forecast by Type
9.7.1. Thermal Type
9.7.2. Mechanical Type
9.7.3. Ultrasonic Type
9.7.4. Magnetic Type
9.7.5. Pressure Type
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 Flow Test Meter Demand Share Forecast, 2019-2026
10. Latin America Flow Test Meter 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 Flow Test Meter 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 Flow Test Meter Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Electricity
10.4.3. Oil & Gas Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flow Test Meter Market Size and Volume Forecast by Type
10.7.1. Thermal Type
10.7.2. Mechanical Type
10.7.3. Ultrasonic Type
10.7.4. Magnetic Type
10.7.5. Pressure Type
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 Flow Test Meter Demand Share Forecast, 2019-2026
11. Europe Flow Test Meter 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 Flow Test Meter 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 Flow Test Meter Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Electricity
11.4.3. Oil & Gas Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flow Test Meter Market Size and Volume Forecast by Type
11.7.1. Thermal Type
11.7.2. Mechanical Type
11.7.3. Ultrasonic Type
11.7.4. Magnetic Type
11.7.5. Pressure Type
11.8. Basis Point Share (BPS) Analysis byType
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 Flow Test Meter Demand Share, 2019-2026
12. Asia Pacific Flow Test Meter 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 Flow Test Meter 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 Flow Test Meter Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Electricity
12.4.3. Oil & Gas Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flow Test Meter Market Size and Volume Forecast by Type
12.7.1. Thermal Type
12.7.2. Mechanical Type
12.7.3. Ultrasonic Type
12.7.4. Magnetic Type
12.7.5. Pressure Type
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 Flow Test Meter Demand Share, 2019-2026
13. Middle East & Africa Flow Test Meter 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 Flow Test Meter 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 Flow Test Meter Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Electricity
13.4.3. Oil & Gas Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flow Test Meter Market Size and Volume Forecast by Type
13.7.1. Thermal Type
13.7.2. Mechanical Type
13.7.3. Ultrasonic Type
13.7.4. Magnetic Type
13.7.5. Pressure Type
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 Flow Test Meter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flow Test Meter Market: Market Share Analysis
14.2. Flow Test Meter Distributors and Customers
14.3. Flow Test Meter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Azbil Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Badger Meter Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Emerson Electric Co.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Endress + Hauser Ag
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Honeywell International Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Invensys Plc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Siemens A.G.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yokogawa Electric Co
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GE
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Omega
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Dwyer Instruments Pty Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Flexim
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. FMG
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Seametrics
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
