Market Overview:
The global thermal mass flow measurement device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermal mass flow measurement devices in various industries such as chemical industry, petroleum & natural gas, mining, and other applications. In terms of type, the low-flow segment is expected to dominate the market during the forecast period owing to its wide adoption in various industries. However, medium-flow and high-flow segments are also projected to witness significant growth during the forecast period owing to their growing demand from end users across different regions.
Product Definition:
A thermal mass flow measurement device is a tool used to measure the amount of fluid that is flowing through a pipe. This type of device is important because it can help ensure that fluids are being transported safely and efficiently.
Low Flow:
Low-Flow (LF) is a flow rate measurement technology that provides highly accurate and precise mass or volume measurements. The technology measures the mass or volume of an individual component with high accuracy and precision using a thermal mass as the sensing element. It eliminates errors caused by imprecise volumetric measurements, thereby increasing productivity and efficiency in various industries such as pharmaceuticals, food & beverage processing, chemicals, oil & gas among others.
Medium Flow:
Medium flow is a type of fluid movement that occurs when the viscosity of fluids is too great for turbulence but not so great as to create a laminar flow. In other words, medium flow can be described as an intermediate state between turbulent diffusion and laminar diffusion.
Application Insights:
The other application segment includes food & beverage, pulp & paper and petroleum refining. The chemical industry is expected to emerge as the fastest-growing application over the forecast period owing to its increasing demand for chemicals across various end-use industries including construction, automotive and packaging.
Thermal mass flowmetry is used in measuring processes involving distillation or separation of liquids or gases on a continuous basis. It has been widely adopted in petrochemical plants for process control and optimization as well as for safety purposes such as emergency shutdowns or process halts during emergencies such as fire at a plant unit. In addition, it helps measure low temperatures along with high temperatures during startups of units that require heating of fluids to drive equipment motors or heat transfer surfaces.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing thermal mass flow measurement devices demand from various end-use industries, such as chemical, petroleum & natural gas, and mining. In addition, rising investments by governments in developing countries are likely to boost industry expansion. For instance, China has undertaken numerous initiatives aimed at promoting industrial automationization across all major sectors including manufacturing; energy; transportation; information technology; construction; food & beverage etc., which is further anticipated to drive product demand over the next eight years.
Europe was estimated as the second-largest regional market in 2017 owing to high R&D investment by government organizations focused on improving oil recovery efficiency coupled with growing shale gas extraction activities across major economies such as Germany and France among others.
Growth Factors:
- Increasing demand for thermal mass flow measurement devices from process industries for accurate and reliable flow rate measurements
- Rising adoption of thermal mass flow measurement devices in chemical and petrochemical plants to optimize the production process
- Growing demand for thermal mass flow meters from power generation sector to measure the gas flows accurately and reliably
- Increasing popularity of thermal mass flow meters in metal processing industry to monitor the gas flows during manufacturing processes
- Proliferation of micro-scale Thermal Mass Flow Measurement Devices across various industrial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Mass Flow Measurement Device Market Research Report
By Type
Low Flow, Medium Flow, High Flow
By Application
Chemical Industry, Petroleum & Natural Gas, Mining, Other
By Companies
ABB, Fluid Components International, Sierra Instruments, Yokogawa Electric Corporation, Sage Metering, Magnetrol, Teledyne
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Mass Flow Measurement Device Market Report Segments:
The global Thermal Mass Flow Measurement Device market is segmented on the basis of:
Types
Low Flow, Medium Flow, High Flow
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 & Natural Gas, Mining, Other
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
- Fluid Components International
- Sierra Instruments
- Yokogawa Electric Corporation
- Sage Metering
- Magnetrol
- Teledyne
Highlights of The Thermal Mass Flow Measurement Device 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:
- Low Flow
- Medium Flow
- High Flow
- By Application:
- Chemical Industry
- Petroleum & Natural Gas
- Mining
- Other
- 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 Thermal Mass Flow Measurement Device 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
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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 thermal mass flow measurement device is a machine that uses heat to measure the amount of material passing through it. This can be used to determine the rate at which a substance is moving or the amount of material that has been moved.
Some of the key players operating in the thermal mass flow measurement device market are ABB, Fluid Components International, Sierra Instruments, Yokogawa Electric Corporation, Sage Metering, Magnetrol, Teledyne.
The thermal mass flow measurement device 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 Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device Market Size & Forecast, 2018-2028
4.5.1 Thermal Mass Flow Measurement Device Market Size and Y-o-Y Growth
4.5.2 Thermal Mass Flow Measurement Device Market Absolute $ Opportunity
Chapter 5 Global Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device Market Size Forecast by Type
5.2.1 Low Flow
5.2.2 Medium Flow
5.2.3 High Flow
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Petroleum & Natural Gas
6.2.3 Mining
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device Analysis and Forecast
9.1 Introduction
9.2 North America Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device Market Size Forecast by Type
9.6.1 Low Flow
9.6.2 Medium Flow
9.6.3 High Flow
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 Thermal Mass Flow Measurement Device Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Petroleum & Natural Gas
9.10.3 Mining
9.10.4 Other
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 Thermal Mass Flow Measurement Device Analysis and Forecast
10.1 Introduction
10.2 Europe Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device Market Size Forecast by Type
10.6.1 Low Flow
10.6.2 Medium Flow
10.6.3 High Flow
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 Thermal Mass Flow Measurement Device Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Petroleum & Natural Gas
10.10.3 Mining
10.10.4 Other
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 Thermal Mass Flow Measurement Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device Market Size Forecast by Type
11.6.1 Low Flow
11.6.2 Medium Flow
11.6.3 High Flow
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 Thermal Mass Flow Measurement Device Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Petroleum & Natural Gas
11.10.3 Mining
11.10.4 Other
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 Thermal Mass Flow Measurement Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermal Mass Flow Measurement Device 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 Thermal Mass Flow Measurement Device Market Size Forecast by Type
12.6.1 Low Flow
12.6.2 Medium Flow
12.6.3 High Flow
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 Thermal Mass Flow Measurement Device Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Petroleum & Natural Gas
12.10.3 Mining
12.10.4 Other
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) Thermal Mass Flow Measurement Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermal Mass Flow Measurement Device 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) Thermal Mass Flow Measurement Device Market Size Forecast by Type
13.6.1 Low Flow
13.6.2 Medium Flow
13.6.3 High Flow
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) Thermal Mass Flow Measurement Device Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Petroleum & Natural Gas
13.10.3 Mining
13.10.4 Other
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 Thermal Mass Flow Measurement Device Market: Competitive Dashboard
14.2 Global Thermal Mass Flow Measurement Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Fluid Components International
14.3.3 Sierra Instruments
14.3.4 Yokogawa Electric Corporation
14.3.5 Sage Metering
14.3.6 Magnetrol
14.3.7 Teledyne
