Market Overview:
The global smart vortex flowmeters 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 smart vortex flowmeters in various applications such as electronics industry, water treatment, urban construction, medical and others. Additionally, the growing awareness about energy conservation is also propelling the demand for smart vortex flowmeters across the globe.
Product Definition:
A smart vortex flowmeter is a type of flow meter that uses a spinning rotor to measure the volumetric flow rate of a fluid. The principle behind its operation is that as the fluid flows through the meter, it creates vortices in the rotor. The size and number of these vortices are directly proportional to the volumetric flow rate.
The main advantage of using a smart vortex flowmeter is its accuracy. Because there are no moving parts in contact with the fluid, there is very little chance for wear or tear and thus little chance for error. Additionally, they are relatively inexpensive and easy to install, making them popular among industrial users.
Inline Vortex Flowmeters:
Inline Vortex Flowmeters are used to measure liquid and gas flow in ducts, channels or pipelines. It is a non-intrusive method of measuring the velocity of flow with high accuracy and precision. The instrument can be installed in series or parallel to the direction of flow for accurate measurement.
Massflow Vortex Flowmeters:
Massflow Vortex Flowmeters are used to measure the flow rate of a liquid or a gas in an open channel. It is one of the most accurate and easy-to-use instruments for measuring volumetric flow rates in industries such as petrochemical, power generation, pharmaceuticals, food & beverage processing and chemical manufacturing among others. The instrument consists of two main parts; namely sensor head assembly and body that is made up of stainless steel or other metals.
Application Insights:
The electronics industry was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. Electronics manufacturing processes involve high-temperature materials that require flowmeters with higher accuracy. Smart Vortex Flowmeters provide real-time data on material temperatures, which helps manufacturers improve production efficiency and quality of products.
The water treatment application segment is also expected to register a notable CAGR during the forecast period owing to increasing demand for clean water across various industries such as pharmaceuticals, food & beverage processing, chemical & petrochemical plants etc. Water treatment involves several processes including pre-treatment (filtration), post filtration process ( disinfection ), post disinfection process (remediation) and others such as heat exchangers cooling systems etc.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising investments in infrastructural development, and rapid urbanization & climate change. In addition, countries such as China and Japan are major manufacturing hubs for electronic products including smartphones, laptops etc., which contributes significantly to regional demand.
The North America market is also anticipated to witness significant growth over the forecast period owing to technological advancements coupled with a high adoption rate of new technologies across various industries. Moreover, growing awareness regarding personal health along with stringent government regulations pertaining water treatment are some factors driving industry expansion within this region. Europe accounted for more than 25% revenue share in 2017 due to its well-established automotive sector that has been experiencing sluggish growth rates since 2014; however it has started recovering from 2018Q2-Q3 due primarily on strong sales performances of passenger cars and commercial vehicles (trucks).
Growth Factors:
- Increasing demand for energy efficient and smart devices
- Rising awareness about the benefits of using smart vortex flowmeters
- Growing number of industrial applications for vortex flowmeters
- Technological advancements in the field of vortex flowmeters
- Rising demand from emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Vortex Flowmeters Market Research Report
By Type
Inline Vortex Flowmeters, Massflow Vortex Flowmeters, Insertion Vortex Flowmeters
By Application
Electronics Industry, Water Treatment, Urban Construction, Medical, Others
By Companies
ABB, Brabender Technologies, GE, Krohne Group, Malema Engineering, Emersion Electric, Endress+Hauser, Yokogawa Electric, Siemens, OMEGA Engineering, Spirax Sarco, ARC Advisory 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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Smart Vortex Flowmeters Market Report Segments:
The global Smart Vortex Flowmeters market is segmented on the basis of:
Types
Inline Vortex Flowmeters, Massflow Vortex Flowmeters, Insertion Vortex Flowmeters
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
Electronics Industry, Water Treatment, Urban Construction, Medical, 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
- Brabender Technologies
- GE
- Krohne Group
- Malema Engineering
- Emersion Electric
- Endress+Hauser
- Yokogawa Electric
- Siemens
- OMEGA Engineering
- Spirax Sarco
- ARC Advisory Group
Highlights of The Smart Vortex 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:
- Inline Vortex Flowmeters
- Massflow Vortex Flowmeters
- Insertion Vortex Flowmeters
- By Application:
- Electronics Industry
- Water Treatment
- Urban Construction
- Medical
- 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 Smart Vortex 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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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?
Smart Vortex Flowmeters are a type of flowmeter that uses vortex shedding to measure the flow rate. They are often used in industrial applications, such as oil and gas production, chemical manufacturing, and water treatment.
Some of the major players in the smart vortex flowmeters market are ABB, Brabender Technologies, GE, Krohne Group, Malema Engineering, Emersion Electric, Endress+Hauser, Yokogawa Electric, Siemens, OMEGA Engineering, Spirax Sarco, ARC Advisory Group.
The smart vortex flowmeters 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 Smart Vortex 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 Smart Vortex Flowmeters Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Smart Vortex 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 Smart Vortex 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 Smart Vortex Flowmeters Market Size & Forecast, 2020-2028 4.5.1 Smart Vortex Flowmeters Market Size and Y-o-Y Growth 4.5.2 Smart Vortex Flowmeters 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 Inline Vortex Flowmeters
5.2.2 Massflow Vortex Flowmeters
5.2.3 Insertion Vortex Flowmeters
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 Electronics Industry
6.2.2 Water Treatment
6.2.3 Urban Construction
6.2.4 Medical
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Vortex 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 Smart Vortex 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 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 Inline Vortex Flowmeters
9.6.2 Massflow Vortex Flowmeters
9.6.3 Insertion Vortex Flowmeters
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 Electronics Industry
9.10.2 Water Treatment
9.10.3 Urban Construction
9.10.4 Medical
9.10.5 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 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 Inline Vortex Flowmeters
10.6.2 Massflow Vortex Flowmeters
10.6.3 Insertion Vortex Flowmeters
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 Electronics Industry
10.10.2 Water Treatment
10.10.3 Urban Construction
10.10.4 Medical
10.10.5 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 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 Inline Vortex Flowmeters
11.6.2 Massflow Vortex Flowmeters
11.6.3 Insertion Vortex Flowmeters
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 Electronics Industry
11.10.2 Water Treatment
11.10.3 Urban Construction
11.10.4 Medical
11.10.5 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 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 Inline Vortex Flowmeters
12.6.2 Massflow Vortex Flowmeters
12.6.3 Insertion Vortex Flowmeters
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 Electronics Industry
12.10.2 Water Treatment
12.10.3 Urban Construction
12.10.4 Medical
12.10.5 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) 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 Inline Vortex Flowmeters
13.6.2 Massflow Vortex Flowmeters
13.6.3 Insertion Vortex Flowmeters
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 Electronics Industry
13.10.2 Water Treatment
13.10.3 Urban Construction
13.10.4 Medical
13.10.5 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 Smart Vortex Flowmeters Market: Competitive Dashboard
14.2 Global Smart Vortex Flowmeters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Brabender Technologies
14.3.3 GE
14.3.4 Krohne Group
14.3.5 Malema Engineering
14.3.6 Emersion Electric
14.3.7 Endress+Hauser
14.3.8 Yokogawa Electric
14.3.9 Siemens
14.3.10 OMEGA Engineering
14.3.11 Spirax Sarco
14.3.12 ARC Advisory Group