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Ultrasonic Flow Meter Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jun 2021 | 39 Views
 
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 An ultrasonic flow meter is a device used for measuring the rate of flow or the average velocity of a fluid in a pipe with the help of ultrasound and further calculate the volume of flow. The flow meter uses ultrasonic transducers to measure the frequency of the ultrasound propagating towards and against the flow and also measures the frequency shift from the Doppler Effect. As the rate of flow of liquid increases the shift of frequency also increases in a linear manner. Ultrasonic flow meters are widely used in the measurement technologies in a wide variety of industries such as waste water treatment, chemical, oil and gas, pharmaceuticals and more. 

Market scope and structure Analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

Implementation Type, Technology, Number of Paths, Industry Vertical, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA)

  Companies covered

Siemens AG, Danfoss, Fuji Electric Co. Ltd., Badger Meter Inc., GENERAL ELECTRIC, Endress+Hauser Management AG, Honeywell International Inc., KROHNE Group, Emerson Electric Co. and Faure Herman SA.

 

COVID-19 scenario analysis:

The outbreak of the COVID-19 pandemic across the globe has severely affected the global ultrasonic flow meter market.

  • Amidst the global pandemic these has been a significant reduction in business operations all over the world resulting in a steep fall in the energy requirement. As a result, the refineries around the world are facing huge impacts and thereby the demand for flow meters also went down.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The growth of the oil & gas and power generation industries has proved to be the major driving factor for the growth of the global ultrasonic flow meter market. The oil and gas industry is the main end-user of the ultrasonic flow meters because of the need for accurate measuring technologies for fluids along with several other applications such as inspection of pumps, water measurements, verifying the on-line meters, controlling the methanol and water injection and others. These meters have a strategic advantage to enhance their performance in bigger pipes as it provide more room for the ultrasonic signals to cross. Thus it is also employed in other industries such as chemical industry to measure processed gasses. The major manufacturers are now developing more accurate and reliable flow meters by increasing the number of paths that results in an increased number of measurement points. The ultrasonic flow meter market also gained traction due to the growing applications of multipath meters for the custody transfer of natural gas and thereby playing a significant role in the hydrocarbon industry. 

However, the presence of a wide range of flow meters in the market such as magnetic flow meter, differential pressure flow meter and more and also the high initial investment for incorporating this latest technology has proved to be a restraining factor for the market. But nonetheless, the reliability and the accurate measurements of the ultrasonic flow meters and the growing acceptance of this device in different verticals of the market has led to the growth of the global ultrasonic flow meter market. 

The market in the Middle East and the Africa region holds a major share of the global ultrasonic flow meter market due to the presence of a high number of oil refineries in the region. However, the Asia-Pacific region leads the global market owing to massive developments in the chemical, petrochemical and power generation industries in the emerging economies like India and China. 

Key segments covered:

Segments

Sub-segments

  Implementation Type

  • Clamp-On
  • Inline
  • Others

  Technology

  • Transit-Time
  • Doppler
  • Hybrid

  Number Of Paths

  • 1-Path Transit-Time
  • 2-Path Transit-Time
  • 3 and Above Path Transit-Time

  Industry Vertical

  • Water & Waste Water
  • Refining & Petrochemicals
  • Oil & Gas
  • Chemicals
  • Power Generation
  • Others

 

Key Developments:

With the recent innovations and technological advancements, the major players of the ultrasonic flow meter market are looking forward to offer customized solutions for specific industries. As a result, modern flow meters are being developed depending on the needs specified by the end-user. One of such modern innovation is the handheld or portable ultrasonic flow meter which is gaining popularity in the food processing and water treatment industries.

On the other hand, several manufacturers are also developing solar-powered ultrasonic flow meters. The growing awareness about the wellbeing of the environment has made several end-user industries to shift towards this environment friendly alternative of the conventional ultrasonic flow meter.

Schneider Electrics SE, a company located in France, provides energy management solutions. Schneider Electric SE in 2018 acquired the electrical and automation sector of Larson & Toubro.

Key benefits of the report:

  • This study presents the analytical depiction of the global ultrasonic flow meter industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ultrasonic flow meter market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ultrasonic flow meter market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global ultrasonic flow meter market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
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