Market Overview:
The global gas turbine 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 gas turbine flow meters in various industries such as chemical, petroleum, food, oil & gas and others. Additionally, the growing awareness about energy conservation is also propelling the growth of this market. Based on type, the global gas turbine flow meters market can be segmented into axial type, tangential type and mechanical type. Axial type is expected to hold a major share of this market during the forecast period owing to its high accuracy and reliability. Based on application, this market can be segmented into chemical industry, petroleum industry, food industry and oil & gas among others.
Product Definition:
Gas turbine flow meters are devices used to measure the rate of gas flow in a pipeline. They are often used in conjunction with other types of flow meters, such as an orifice plate, to improve accuracy. Gas turbine flow meters are important for measuring the amount of gas being transported through a pipeline, as well as for monitoring and regulating the pressure and/or volume of gas being delivered.
Axial Type:
Axial type flow meter is a device used to measure the rate of fluid movement in pipes or tubes. It consists of an impeller, which is driven by a motor and it measures the velocity of the fluid by counting revolutions of its impeller. The main function performed by axial flow meters is to measure accurately and continuously the volume or capacity flowing through a channel at any given time.
Tangential Type:
The tangential type flow meter is used to measure the volumetric flow rate of a gas or liquid. It consists of two concentric tubes, one inside the other. The outer tube is filled with a known volume of fluid and as the fluid flows through it, its level changes accordingly. These meters are mainly used for measuring liquids such as gases and steam in power plants and petrochemical refineries respectively where there are no restrictions on vertical height of fluids being measured.
Application Insights:
The chemical industry accounted for the largest share of over 30% in 2017. The use of gas turbines as a power source for various processes such as distillation, dehumidification, and heat treatment has been prevalent since the inception period of these devices. In addition, industrial applications such as fermentation processing and pulp & paper mills have also been witnessing significant adoption owing to their ability to produce high-quality steam at a low cost.
Petroleum industry is anticipated to witness substantial growth over the forecast period due to rising demand for natural gas from various sources including shale gas and coal bed methane. Increasing usage of natural gas in internal combustion engines has resulted in reducing dependency on crude oil imports which is expected to drive market growth during the forecast period.
Regional Analysis:
Asia Pacific held the largest market share of over 35% in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for gas turbines from various end-use industries, such as power generation, oil & gas and chemical industry. In addition, rising investments by countries such as China and India are anticipated to propel the regional market growth during the forecast period.
The Middle East & Africa is projected to be one of fastest growing regions with a CAGR exceeding 5% during the same period due to rapid development in its major economies including Saudi Arabia and UAE. In addition, significant developments are being carried out across several other countries including Qatar, Oman and Egypt which will further boost industry expansion opportunities for flow meters in near future.
North America accounted for more than 20% of total revenue share in 2017 owing high consumption rates observed across U.S.
Growth Factors:
- Increasing demand for gas turbine flow meters from oil and gas industry as these meters are used to measure the flow of natural gas, oil, and other fluids in pipelines
- Rising adoption of gas turbine flow meters for measuring the fluid flows in various industries such as chemical, power generation, water & wastewater treatment, and others
- Growing demand for smart or intelligent gas turbine flow meters that can provide accurate real-time data about the fluid flows
- Increasing investments by manufacturers in R&D activities to develop new technologies and products for Gas Turbine Flow Meters market
- Rising popularity of online sales channels through which consumers can purchase Gas Turbine Flow Meters directly from suppliers or distributors
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Turbine Flow Meters Market Research Report
By Type
Axial Type, Tangential Type, Mechanical Type, Other
By Application
Chemical Industry, Petroleum Industry, Food Industry, Oil & Gas, Others
By Companies
GE, Siemens, Toshiba, Emerson, Elliott, Mitsubishi Heavy Industries, Dresser-Rand, WEG(EM), Hitachi, ABB, Regal Beloit (Marathon), Hoffer Flow Control, Flow Meter Group
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Gas Turbine Flow Meters Market Report Segments:
The global Gas Turbine Flow Meters market is segmented on the basis of:
Types
Axial Type, Tangential Type, Mechanical Type, 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
Chemical Industry, Petroleum Industry, Food Industry, Oil & Gas, 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:
- GE
- Siemens
- Toshiba
- Emerson
- Elliott
- Mitsubishi Heavy Industries
- Dresser-Rand
- WEG(EM)
- Hitachi
- ABB
- Regal Beloit (Marathon)
- Hoffer Flow Control
- Flow Meter Group
Highlights of The Gas Turbine 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:
- Axial Type
- Tangential Type
- Mechanical Type
- Other
- By Application:
- Chemical Industry
- Petroleum Industry
- Food Industry
- Oil & Gas
- 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 Gas Turbine 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- 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?
A gas turbine flow meter is a device used to measure the flow of gas through a turbine. The meter typically consists of an inlet and outlet tube, with a rotating disk between them that can be rotated to measure the amount of gas passing through it.
Some of the major companies in the gas turbine flow meters market are GE, Siemens, Toshiba, Emerson, Elliott, Mitsubishi Heavy Industries, Dresser-Rand, WEG(EM), Hitachi, ABB, Regal Beloit (Marathon), Hoffer Flow Control, Flow Meter Group.
The gas turbine flow meters market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gas Turbine 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. Gas Turbine 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. Gas Turbine Flow Meters Market - Supply Chain
4.5. Global Gas Turbine Flow Meters Market Forecast
4.5.1. Gas Turbine Flow Meters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gas Turbine Flow Meters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gas Turbine Flow Meters Market Absolute $ Opportunity
5. Global Gas Turbine 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. Gas Turbine Flow Meters Market Size and Volume Forecast by Type
5.3.1. Axial Type
5.3.2. Tangential Type
5.3.3. Mechanical Type
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gas Turbine 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. Gas Turbine Flow Meters Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Petroleum Industry
6.3.3. Food Industry
6.3.4. Oil & Gas
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gas Turbine 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. Gas Turbine 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 Gas Turbine 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. Gas Turbine 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 Gas Turbine Flow Meters Demand Share Forecast, 2019-2029
9. North America Gas Turbine 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 Gas Turbine 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 Gas Turbine Flow Meters Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Petroleum Industry
9.4.3. Food Industry
9.4.4. Oil & Gas
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gas Turbine Flow Meters Market Size and Volume Forecast by Type
9.7.1. Axial Type
9.7.2. Tangential Type
9.7.3. Mechanical Type
9.7.4. 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 Gas Turbine Flow Meters Demand Share Forecast, 2019-2029
10. Latin America Gas Turbine 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 Gas Turbine 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 Gas Turbine Flow Meters Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Petroleum Industry
10.4.3. Food Industry
10.4.4. Oil & Gas
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gas Turbine Flow Meters Market Size and Volume Forecast by Type
10.7.1. Axial Type
10.7.2. Tangential Type
10.7.3. Mechanical Type
10.7.4. 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 Gas Turbine Flow Meters Demand Share Forecast, 2019-2029
11. Europe Gas Turbine 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 Gas Turbine 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 Gas Turbine Flow Meters Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Petroleum Industry
11.4.3. Food Industry
11.4.4. Oil & Gas
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gas Turbine Flow Meters Market Size and Volume Forecast by Type
11.7.1. Axial Type
11.7.2. Tangential Type
11.7.3. Mechanical Type
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis 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 Gas Turbine Flow Meters Demand Share, 2019-2029
12. Asia Pacific Gas Turbine 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 Gas Turbine 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 Gas Turbine Flow Meters Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Petroleum Industry
12.4.3. Food Industry
12.4.4. Oil & Gas
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gas Turbine Flow Meters Market Size and Volume Forecast by Type
12.7.1. Axial Type
12.7.2. Tangential Type
12.7.3. Mechanical Type
12.7.4. 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 Gas Turbine Flow Meters Demand Share, 2019-2029
13. Middle East & Africa Gas Turbine 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 Gas Turbine 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 Gas Turbine Flow Meters Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Petroleum Industry
13.4.3. Food Industry
13.4.4. Oil & Gas
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gas Turbine Flow Meters Market Size and Volume Forecast by Type
13.7.1. Axial Type
13.7.2. Tangential Type
13.7.3. Mechanical Type
13.7.4. 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 Gas Turbine Flow Meters Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Gas Turbine Flow Meters Market: Market Share Analysis
14.2. Gas Turbine Flow Meters Distributors and Customers
14.3. Gas Turbine Flow Meters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toshiba
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
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Elliott
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Heavy Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dresser-Rand
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. WEG(EM)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hitachi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ABB
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Regal Beloit (Marathon)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hoffer Flow Control
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Flow Meter Group
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
