Market Overview:
The global magnetic flow meters 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 these meters from various end-use industries, such as chemical, pharmaceutical, food & beverage, pulp & paper, municipal applications and mining. In addition, the growing demand for energy-efficient and reliable flow measurement solutions is also contributing to the growth of this market.
Product Definition:
Magnetic flow meters are used to measure the flow of fluids in a pipeline. The meter consists of a pipe with magnets mounted on it, and a sensor that measures the magnetic field. The fluid flowing through the pipe creates a current that interacts with the magnets, which is then measured by the sensor. This allows for very accurate measurement of fluid flow rates.
AC (Alternating Current):
AC is a fluctuating electric current that periodically switches directions. The normal range of AC voltage in countries such as the U.S., Canada, Brazil, Japan is 120 to 230 volts. However; some devices such as hair dryers have a voltage range of 240 volts.
The electricity supply in most of the developing and developed countries alternate between two polarity shifts per cycle (60 hertz).
DC (Direct Current):
DC is the variation of electric current, which flows in one direction only. The positive and negative charges are balanced in DC current. It is also known as static electricity or electrostatic precipitator. DC current can be measured with the help of ammeter and voltmeter devices.
Magnetic flow meters use electromagnetic phenomenon for measuring liquids and gases without using any physical contact; it measures electric currents produced by moving parts or material particles (fluids).
Application Insights:
The chemical segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to factors such as increasing demand for magnetic flow meters from various industries including oil & gas, power generation, pharmaceuticals, food & beverage and pulp & paper. The pharmaceutical industry requires precise measurements of fluid flow for a variety of processes including drug formulation and production. These devices help measure even minute quantities of fluids with high accuracy thereby reducing human errors during process control.
Magnetic flowmeters are used in numerous applications across the mining sector such as measuring slurry density, sampling conveyors for material inspection or quality control purposes along with their use in measurement of feed rates into crushing machines or screening equipment at metal mines among others which require accurate measurement of mass or volume-based dataflow through pipes or tunnels underground.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and technological advancements undertaken by key players operating in this region. In addition, growing environmental concerns are also anticipated to drive regional growth over the forecast period.
The Asia Pacific market for magnetic flow meters is anticipated to witness significant growth over the coming years owing to rising product demand from various industries including chemical, pharmaceuticals & biotechnology, food & beverage and pulp & paper among others.
Europe was another major shareholder of this industry with a share of more than 25% in 2017 owing mainly to high R&D investments made by leading companies operating within it along with favorable government regulations pertaining towards energy efficiency standards implemented across several sectors including industrial, power generation.
Growth Factors:
- Increasing demand for energy efficient and environment-friendly devices
- Rising awareness about the benefits of using magnetic flow meters
- Growing number of industrial applications for magnetic flow meters
- Technological advancements in the field of magnetic flow meter technology
- Rising demand from developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Flow Meters Market Research Report
By Type
AC (Alternating Current), DC (Direct Current)
By Application
Chemical, Pharmaceutical, Food & Beverage, Pulp & Paper, Municipal Applications, Mining, Agricultural, Other
By Companies
ABB, Emerson, Siemens, OMEGA Engineering, Yokogawa, KROHNE Group, Tokyo Keiso, Honeywell, Analog Devices, ONICON Incorporated, Badger Meter, Inc., McCrometer, Inc.
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Flow Meters Market Report Segments:
The global Magnetic Flow Meters market is segmented on the basis of:
Types
AC (Alternating Current), DC (Direct Current)
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, Pharmaceutical, Food & Beverage, Pulp & Paper, Municipal Applications, Mining, Agricultural, 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
- Emerson
- Siemens
- OMEGA Engineering
- Yokogawa
- KROHNE Group
- Tokyo Keiso
- Honeywell
- Analog Devices
- ONICON Incorporated
- Badger Meter, Inc.
- McCrometer, Inc.
Highlights of The Magnetic 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:
- AC (Alternating Current)
- DC (Direct Current)
- By Application:
- Chemical
- Pharmaceutical
- Food & Beverage
- Pulp & Paper
- Municipal Applications
- Mining
- Agricultural
- 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 Magnetic 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.
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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?
Magnetic flow meters are devices that measure the rate of movement of a material through a magnetic field. They can be used to measure the speed and direction of fluid flow in pipes, tanks, and other conduits.
Some of the major players in the magnetic flow meters market are ABB, Emerson, Siemens, OMEGA Engineering, Yokogawa, KROHNE Group, Tokyo Keiso, Honeywell, Analog Devices, ONICON Incorporated, Badger Meter, Inc., McCrometer, Inc..
The magnetic flow meters market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic 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. Magnetic 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. Magnetic Flow Meters Market - Supply Chain
4.5. Global Magnetic Flow Meters Market Forecast
4.5.1. Magnetic Flow Meters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Flow Meters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Flow Meters Market Absolute $ Opportunity
5. Global Magnetic 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. Magnetic Flow Meters Market Size and Volume Forecast by Type
5.3.1. AC (Alternating Current)
5.3.2. DC (Direct Current)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic 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. Magnetic Flow Meters Market Size and Volume Forecast by Application
6.3.1. Chemical
6.3.2. Pharmaceutical
6.3.3. Food & Beverage
6.3.4. Pulp & Paper
6.3.5. Municipal Applications
6.3.6. Mining
6.3.7. Agricultural
6.3.8. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic 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. Magnetic 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 Magnetic 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. Magnetic 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 Magnetic Flow Meters Demand Share Forecast, 2019-2026
9. North America Magnetic 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 Magnetic 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 Magnetic Flow Meters Market Size and Volume Forecast by Application
9.4.1. Chemical
9.4.2. Pharmaceutical
9.4.3. Food & Beverage
9.4.4. Pulp & Paper
9.4.5. Municipal Applications
9.4.6. Mining
9.4.7. Agricultural
9.4.8. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Flow Meters Market Size and Volume Forecast by Type
9.7.1. AC (Alternating Current)
9.7.2. DC (Direct Current)
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 Magnetic Flow Meters Demand Share Forecast, 2019-2026
10. Latin America Magnetic 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 Magnetic 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 Magnetic Flow Meters Market Size and Volume Forecast by Application
10.4.1. Chemical
10.4.2. Pharmaceutical
10.4.3. Food & Beverage
10.4.4. Pulp & Paper
10.4.5. Municipal Applications
10.4.6. Mining
10.4.7. Agricultural
10.4.8. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Flow Meters Market Size and Volume Forecast by Type
10.7.1. AC (Alternating Current)
10.7.2. DC (Direct Current)
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 Magnetic Flow Meters Demand Share Forecast, 2019-2026
11. Europe Magnetic 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 Magnetic 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 Magnetic Flow Meters Market Size and Volume Forecast by Application
11.4.1. Chemical
11.4.2. Pharmaceutical
11.4.3. Food & Beverage
11.4.4. Pulp & Paper
11.4.5. Municipal Applications
11.4.6. Mining
11.4.7. Agricultural
11.4.8. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Flow Meters Market Size and Volume Forecast by Type
11.7.1. AC (Alternating Curent)
11.7.2. DC (Direct Current)
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 Magnetic Flow Meters Demand Share, 2019-2026
12. Asia Pacific Magnetic 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 Magnetic 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 Magnetic Flow Meters Market Size and Volume Forecast by Application
12.4.1. Chemical
12.4.2. Pharmaceutical
12.4.3. Food & Beverage
12.4.4. Pulp & Paper
12.4.5. Municipal Applications
12.4.6. Mining
12.4.7. Agricultural
12.4.8. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Flow Meters Market Size and Volume Forecast by Type
12.7.1. AC (Alternating Current)
12.7.2. DC (Direct Current)
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 Magnetic Flow Meters Demand Share, 2019-2026
13. Middle East & Africa Magnetic 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 Magnetic 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 Magnetic Flow Meters Market Size and Volume Forecast by Application
13.4.1. Chemical
13.4.2. Pharmaceutical
13.4.3. Food & Beverage
13.4.4. Pulp & Paper
13.4.5. Municipal Applications
13.4.6. Mining
13.4.7. Agricultural
13.4.8. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Flow Meters Market Size and Volume Forecast by Type
13.7.1. AC (Alternating Current)
13.7.2. DC (Direct Current)
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 Magnetic Flow Meters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetic Flow Meters Market: Market Share Analysis
14.2. Magnetic Flow Meters Distributors and Customers
14.3. Magnetic Flow Meters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Emerson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. OMEGA Engineering
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yokogawa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KROHNE Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tokyo Keiso
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Honeywell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Analog Devices
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ONICON Incorporated
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Badger Meter, Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. McCrometer, Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
