Market Overview:
The global target flow 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 target flow meters from various end-use industries, such as metal & mining, oil & gas, chemical, power generation and others. In terms of type, the shaft seal diaphragm structure segment is expected to lead the global target flow meter market during the forecast period. This can be attributed to its high accuracy and reliability in measuring fluid flows.
Product Definition:
A target flow meter is a device used to measure the volumetric flow rate of a fluid in a conduit. The importance of target flow meters is that they allow for the accurate measurement of fluid flows, which can then be used for process control and other purposes.
Shaft Seal Diaphragm Structure:
Shaft seal diaphragm structure, it's usage.
The global shaft seal diaphragm structure, it's usage and growth factor in the Target Flow Meter market size was valued at USD 3.5 million in 2015. The growing demand for high accuracy flow meters coupled with increasing government regulations to control water pollution is expected to drive the industry over the forecast period.
Flexible Tube Structure:
Flexible tube structure is a device that consists of two tubes joined by a flexible hose. It allows the measurement of liquid flow in ducts, channels and pipelines with greater accuracy and flexibility than conventional methods. The main advantages are cost-effectiveness, ease of use and portability.
Application Insights:
The metal & mining application segment led the global target flow meter market 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 metals from various industries including construction, automotive, electrical & electronics, and others. For instance, according to World Steel Association estimates, steel consumption was 53 million tons in 2016 and is expected to grow by 1% annually till 2022 when it will reach 56 million tons. Thus increasing demand for steel will boost product penetration during the forecast period.
The oil & gas industry has been one of the major consumers of these devices owing to its critical nature that needs precise measurement while handling various substances such as natural gas liquids (NGL), crude oil/bitumen etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing energy demand, coupled with growing industrialization and expanding infrastructure development in emerging economies such as China and India. In addition, rising population coupled with increasing per capita income will drive further energy consumption in developing countries of Asia Pacific.
The Middle East & Africa is also likely to witness significant growth over the next eight years owing to rapid developments taking place across major oilfields including Khurais, Ghawar, Shaybah and Safaniya in Saudi Arabia; Bonga Field South Sudan; Heglig Field Kenya; Malakal Nigeria among others.
Growth Factors:
- Increasing demand from process industries for accurate and reliable flow measurement
- Rising awareness about the benefits of target flow meters over traditional technologies
- Growing popularity of smart metering systems and IoT-enabled devices
- Proliferation of microfluidic technology in medical and laboratory applications
- accelerating investments in R&D by leading players to develop innovative products
Scope Of The Report
Report Attributes
Report Details
Report Title
Target Flow Meter Market Research Report
By Type
Shaft Seal Diaphragm Structure, Flexible Tube Structure, Torsional Tube Structure, Differential Pressure Target Structure
By Application
Metal & Mining, Oil & Gas, Chemical, Power Generation, Others
By Companies
Honeywell, ABB, Schneider Electric, Yokogawa Electric, Azbil, ASA, Isoil Industria, HILTON, HYDRO-BIOS, Tecfluid
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Target Flow Meter Market Report Segments:
The global Target Flow Meter market is segmented on the basis of:
Types
Shaft Seal Diaphragm Structure, Flexible Tube Structure, Torsional Tube Structure, Differential Pressure Target Structure
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
Metal & Mining, Oil & Gas, Chemical, Power Generation, 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:
- Honeywell
- ABB
- Schneider Electric
- Yokogawa Electric
- Azbil
- ASA
- Isoil Industria
- HILTON
- HYDRO-BIOS
- Tecfluid
Highlights of The Target Flow 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:
- Shaft Seal Diaphragm Structure
- Flexible Tube Structure
- Torsional Tube Structure
- Differential Pressure Target Structure
- By Application:
- Metal & Mining
- Oil & Gas
- Chemical
- Power Generation
- 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 Target Flow 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.
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
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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?
A Target Flow Meter is a device used to measure the flow rate of liquids or gases through a pipe.
Some of the major players in the target flow meter market are Honeywell, ABB, Schneider Electric, Yokogawa Electric, Azbil, ASA, Isoil Industria, HILTON, HYDRO-BIOS, Tecfluid.
The target flow meter 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 Target Flow Meter 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 Target Flow Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Target Flow Meter 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 Target Flow Meter 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 Target Flow Meter Market Size & Forecast, 2020-2028
4.5.1 Target Flow Meter Market Size and Y-o-Y Growth
4.5.2 Target Flow Meter 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 Shaft Seal Diaphragm Structure
5.2.2 Flexible Tube Structure
5.2.3 Torsional Tube Structure
5.2.4 Differential Pressure Target Structure
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 Metal & Mining
6.2.2 Oil & Gas
6.2.3 Chemical
6.2.4 Power Generation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Target Flow Meter 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 Target Flow Meter 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 Shaft Seal Diaphragm Structure
9.6.2 Flexible Tube Structure
9.6.3 Torsional Tube Structure
9.6.4 Differential Pressure Target Structure
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 Metal & Mining
9.10.2 Oil & Gas
9.10.3 Chemical
9.10.4 Power Generation
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 Shaft Seal Diaphragm Structure
10.6.2 Flexible Tube Structure
10.6.3 Torsional Tube Structure
10.6.4 Differential Pressure Target Structure
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 Metal & Mining
10.10.2 Oil & Gas
10.10.3 Chemical
10.10.4 Power Generation
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 Shaft Seal Diaphragm Structure
11.6.2 Flexible Tube Structure
11.6.3 Torsional Tube Structure
11.6.4 Differential Pressure Target Structure
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 Metal & Mining
11.10.2 Oil & Gas
11.10.3 Chemical
11.10.4 Power Generation
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 Shaft Seal Diaphragm Structure
12.6.2 Flexible Tube Structure
12.6.3 Torsional Tube Structure
12.6.4 Differential Pressure Target Structure
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 Metal & Mining
12.10.2 Oil & Gas
12.10.3 Chemical
12.10.4 Power Generation
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 Shaft Seal Diaphragm Structure
13.6.2 Flexible Tube Structure
13.6.3 Torsional Tube Structure
13.6.4 Differential Pressure Target Structure
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 Metal & Mining
13.10.2 Oil & Gas
13.10.3 Chemical
13.10.4 Power Generation
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 Target Flow Meter Market: Competitive Dashboard
14.2 Global Target Flow Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 ABB
14.3.3 Schneider Electric
14.3.4 Yokogawa Electric
14.3.5 Azbil
14.3.6 ASA
14.3.7 Isoil Industria
14.3.8 HILTON
14.3.9 HYDRO-BIOS
14.3.10 Tecfluid
