According to IMARC Group’s latest report, the global ultrasonic flowmeter market reached a value of USD 1.3 Billion in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years.
An ultrasonic flowmeter is an instrument which measures the velocity of a gas or liquid flowing through the pipe with the help of ultrasonic transducers. Their principle of operation is dependent upon the speed at which high-frequency sound propagates. These flowmeters are used with corrosive and abrasive liquids as they do not obstruct the flow of liquid passing through the pipelines. As a result, they have gained acceptance in applications where chemical compatibility, and low maintenance and pressure drop are required. In recent years, manufacturers have developed ultrasonic flowmeters incorporated with latest technologies, such as hybrid and portable ultrasonic flowmeters, to improve the accuracy of measurement.
Ultrasonic flowmeters are inexpensive, easy to install, and highly accurate and sensitive. They also have bi-directional flow capability, good measurement repeatability, and require less maintenance than conventional meters. Owing to these economic and operational advantages, they are increasingly being used in the water and wastewater treatment to measure the dosage of chemicals, monitor methane discharge, and evaluate large volumes of fluid carrying sludge by-products, suspended solids and other materials. Apart from this, advancements in the ultrasonic technology and computing capabilities have helped in enhancing flowmeter performance and measurement in continuous industrial processes and detecting secondary flow in pipelines. For instance, manufacturers are introducing advanced ultrasonic flowmeters integrated with multi-path ultrasonic sensing capabilities using improved software.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Ultrasonic Flowmeter Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the major players operating in the industry include Asea Brown Boveri Ltd., Badger Meter Inc., Emerson Electric Co., Emerson Process Management, Faure Herman SA, General Electric, Hach/Marsh McBirney Inc., Honeywell International Inc., Index Corporation, Invensys Process Systems, Rockwell Automation Inc., Siemens AG, Teledyne Isco Inc., Yamatake Co. and Yokogawa Electric Co.
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The report has segmented the market on the basis of Product Type, Number of Paths, Technology Type, Distribution Channel, Application, and Region.
Breakup by Product Type:
1. Spool Peice
Based on the product type, spool piece is the most popular type of ultrasonic flowmeter across the globe.
Breakup by Number of Paths:
1. 3-Path Transit Time
2. 4- Path Transit Time
3. 5- Path Transit Time
4. 6 or More Path Transit Time
Breakup by Technology Type:
1. Transit Time – Single/Dual Path
2. Transit Time – Multipath
Breakup by Distribution Channel:
1. Direct Sales
2. Independent Representatives
Breakup by Application:
1. Natural Gas
2. Non-Petroleum Liquid
3. Petroleum Liquid
Currently, natural gas represents the largest application segment.
Breakup by Region:
1. Asia Pacific
2. North America
4. Middle East and Africa
5. Latin America
Region-wise, Europe enjoys the leading position in the global ultrasonic flowmeter market.
Key highlights of the report:
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Profiles of Key Players
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