Market Overview:
The global orifice plate flowmeters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for orifice plate flowmeters in various applications such as petroleum, chemical industry, metallurgy, electricity, water supply and others. Additionally, the growing demand for smart orifice plate flowmeters is also contributing to the growth of this market.
Product Definition:
An orifice plate is a thin, flat piece of metal or other material with a hole in the center. It is inserted between two pipes to measure the flow of fluid through the pipes. The size and shape of the hole determines how much fluid flows through it, and this information can be used to calculate the flow rate.
Integration:
Integration is the process by which two systems or components are connected so that they operate as a single system. It can be defined as the joining of two distinct elements, entities, or items to form one whole; especially: (1) the joining of electrical circuits and (2)the combining of various business units into a company's operations.
Smart:
The smart and it’s usage in orifice plate flowmeters market is expected to witness significant growth over the forecast period. The key drivers attributing to the growth of this market are increasing demand for real-time monitoring, growing awareness about water conservation, and rising government initiatives towards wastewater treatment.
Application Insights:
The chemical industry application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for process control in chemical plants, refineries, petrochemical facilities and other industrial operations.
Orifice plates are used as process monitors by measuring flow rates through orifices and recording values on an electronic display that can be processed using integral or auxiliary software according to user requirements. They are also used during startups, shutdowns, maintenance activities along with other processes such as cleaning of nozzles & ports where particulate contamination may have occurred due to suspended solids etc., which may require additional filtration before entering into processing equipment downstream of the filter unit.
The electricity application segment is expected register a significant CAGR from 2018 to 2030 owing to growing power generation capacity across various regions coupled with rising usage rates particularly in Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major industry participants and well-established oil & gas sector. The region is expected to maintain its dominance over the forecast period, with a few emerging as lucrative regions. For instance, in 2018, Emerson Electric Co., announced about entering into a partnership with GE Energy Connections for developing flowmeters for wind energy applications. This partnership was aimed at strengthening Emerson’s position in flowmeter manufacturing space and enhancing its offerings for industrial automation applications.
The Asia Pacific is anticipated to be one of the fastest growing regional markets from 2018 to 2030 due to increasing demand from various end-use industries such as water supply & sanitation; electricity; petroleum; chemical industry etc.
Growth Factors:
- Increasing demand from oil & gas industry for accurate and reliable flow measurement
- Rising adoption of orifice plate flowmeters in water and wastewater management applications
- Growing popularity of orifice plate flowmeters in chemical processing industries
- Increasing demand for smart orifice plate flowmeters with advanced features
- Proliferation of micro-orifice plates for precise measurements in low-flow applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Orifice Plate Flowmeters Market Research Report
By Type
Integration, Smart
By Application
Petroleum, Chemical Industry, Metallurgy, Electricity, Water Supply, Others
By Companies
Emerson Electric, Armstrong, Amity, Dwyer, Sage Metering, Spirax Sarco, GUNT, BAMO
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Orifice Plate Flowmeters Market Report Segments:
The global Orifice Plate Flowmeters market is segmented on the basis of:
Types
Integration, Smart
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
Petroleum, Chemical Industry, Metallurgy, Electricity, Water Supply, 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:
- Emerson Electric
- Armstrong
- Amity
- Dwyer
- Sage Metering
- Spirax Sarco
- GUNT
- BAMO
Highlights of The Orifice Plate Flowmeters 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:
- Integration
- Smart
- By Application:
- Petroleum
- Chemical Industry
- Metallurgy
- Electricity
- Water Supply
- 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 Orifice Plate Flowmeters 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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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?
Orifice plate flowmeters are used to measure the flow of liquids or gases through a small opening. The meter uses a piezoelectric crystal to detect the pressure difference between the fluid flowing through the orifice and atmospheric pressure. This information is then used to calculate how much liquid or gas is passing through the opening per unit time.
Some of the key players operating in the orifice plate flowmeters market are Emerson Electric, Armstrong, Amity, Dwyer, Sage Metering, Spirax Sarco, GUNT, BAMO.
The orifice plate flowmeters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orifice Plate Flowmeters 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 Orifice Plate Flowmeters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orifice Plate Flowmeters 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 Orifice Plate Flowmeters 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 Orifice Plate Flowmeters Market Size & Forecast, 2018-2028
4.5.1 Orifice Plate Flowmeters Market Size and Y-o-Y Growth
4.5.2 Orifice Plate Flowmeters Market Absolute $ Opportunity
Chapter 5 Global Orifice Plate Flowmeters 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 Orifice Plate Flowmeters Market Size Forecast by Type
5.2.1 Integration
5.2.2 Smart
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orifice Plate Flowmeters 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 Orifice Plate Flowmeters Market Size Forecast by Applications
6.2.1 Petroleum
6.2.2 Chemical Industry
6.2.3 Metallurgy
6.2.4 Electricity
6.2.5 Water Supply
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orifice Plate Flowmeters 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 Orifice Plate Flowmeters 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 Orifice Plate Flowmeters Analysis and Forecast
9.1 Introduction
9.2 North America Orifice Plate Flowmeters 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 Orifice Plate Flowmeters Market Size Forecast by Type
9.6.1 Integration
9.6.2 Smart
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 Orifice Plate Flowmeters Market Size Forecast by Applications
9.10.1 Petroleum
9.10.2 Chemical Industry
9.10.3 Metallurgy
9.10.4 Electricity
9.10.5 Water Supply
9.10.6 Others
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 Orifice Plate Flowmeters Analysis and Forecast
10.1 Introduction
10.2 Europe Orifice Plate Flowmeters 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 Orifice Plate Flowmeters Market Size Forecast by Type
10.6.1 Integration
10.6.2 Smart
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 Orifice Plate Flowmeters Market Size Forecast by Applications
10.10.1 Petroleum
10.10.2 Chemical Industry
10.10.3 Metallurgy
10.10.4 Electricity
10.10.5 Water Supply
10.10.6 Others
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 Orifice Plate Flowmeters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orifice Plate Flowmeters 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 Orifice Plate Flowmeters Market Size Forecast by Type
11.6.1 Integration
11.6.2 Smart
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 Orifice Plate Flowmeters Market Size Forecast by Applications
11.10.1 Petroleum
11.10.2 Chemical Industry
11.10.3 Metallurgy
11.10.4 Electricity
11.10.5 Water Supply
11.10.6 Others
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 Orifice Plate Flowmeters Analysis and Forecast
12.1 Introduction
12.2 Latin America Orifice Plate Flowmeters 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 Orifice Plate Flowmeters Market Size Forecast by Type
12.6.1 Integration
12.6.2 Smart
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 Orifice Plate Flowmeters Market Size Forecast by Applications
12.10.1 Petroleum
12.10.2 Chemical Industry
12.10.3 Metallurgy
12.10.4 Electricity
12.10.5 Water Supply
12.10.6 Others
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) Orifice Plate Flowmeters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orifice Plate Flowmeters 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) Orifice Plate Flowmeters Market Size Forecast by Type
13.6.1 Integration
13.6.2 Smart
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) Orifice Plate Flowmeters Market Size Forecast by Applications
13.10.1 Petroleum
13.10.2 Chemical Industry
13.10.3 Metallurgy
13.10.4 Electricity
13.10.5 Water Supply
13.10.6 Others
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 Orifice Plate Flowmeters Market: Competitive Dashboard
14.2 Global Orifice Plate Flowmeters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson Electric
14.3.2 Armstrong
14.3.3 Amity
14.3.4 Dwyer
14.3.5 Sage Metering
14.3.6 Spirax Sarco
14.3.7 GUNT
14.3.8 BAMO
