Flowmeters

The Flowmeters Market Research delivers current market analysis plus a five year market and technology forecast.  The research also takes a closer look at upcoming market and technology trends related to flowmeters.  It is available in multiple editions including worldwide, all regions, and most major countries.

Flowmeters Market: Ongoing Digitalization Efforts Continue to Drive Growth

According to research from ARC Advisory Group, the worldwide flowmeters market continues to experience steady growth due to the ongoing digitalization efforts of major end users and the continued push for sustainability, which includes regulatory compliance, and reduction of energy consumption and emissions. The latest flowmeter solutions seamlessly integrate digital systems and IoT platforms, unlocking real-time insights for predictive maintenance and process optimization.

Watch on YouTube

Flowmeters Strategic Issues

Flowmeters Market TrendsIn addition to providing a five-year market forecast, the Flowmeters Market Research Report provides detailed quantitative, current market data and addresses key strategic issues as follows:

Digitize Water Management    

By 2030, the demand for fresh water is projected to outpace supply by almost 40 percent. Water utilities are being challenged to operate more efficiently, lower operating costs, and enhance customer satisfaction. Water scarcity has become a universal issue and reducing water usage has reached critical mass at utilities worldwide. This is particularly true in arid regions that rely on costly desalinated water as their primary source of potable water. Manufacturers and suppliers can help address the threat of this water shortage by minimizing water consumption and wastage–not only to increase their efficiency and reduce costs but also to help reduce the environmental and social impact of water wastage.

Accessing data from field devices is one of the main ways of dealing with the above issues. IoT and data analytics can enable this and drive change from two directions: gathering and analyzing data to improve production processes and then using the aggregated data to create solutions with a good business value proposition. Using IoT platforms and the Cloud, users can connect to thousands of sensors in facilities worldwide. This way they can monitor, collect, and analyze real-time water usage data; improve efficiency; and reduce water, energy, and operational costs.

Leverage Smart Sensors and Field Devices

Users need to focus on leveraging smart field systems to create value in process industries. Smart sensors, as an enabler for Industrial IoT, will play an increasingly important role in process automation in the future. ARC also recommends that users work closely with suppliers and other stakeholders to better understand how to measure ROI and share best practices for intelligent device management. Users should always seek opportunities to leverage  
industry standards such as ISA 108 (intelligent device management) to improve their own plants’ operational performance and help promote the application of smart field systems and intelligent device management in their respective industries.

Ethernet Connectivity for Greater Process Insight    

Ethernet connection is generating a lot of interest in both the user and supplier communities. Ethernet offers many benefits—lower total cost of ownership (TCO), improved adaptability, better security, widespread availability, and market familiarity. It offers improved connectivity and functionality, allowing for easier access to measurement information.

In recent years, networking technology has also overcome many of its disadvantages that hindered adoption in the industrial world. Using fiber-optic cables, Ethernet can be deployed for longer distances. Ethernet switches for hazardous areas are available and users also have the option of Power over Ethernet (PoE), so there is no need to run additional lines for power supply. In the process world, Ethernet can now connect a wide range of field instruments, including flowmeters, to a central control system.

Suppliers are now offering Ethernet modules to allow easy integration of their flowmeters into Ethernet/IP control systems. Several suppliers are also offering native Ethernet connectivity with Ethernet ports directly integrated in the device with no need for extra converters or adapters. The Ethernet connection aids easy configuration, monitoring, and maintenance. Users can use a web server to remotely view device data, conduct diagnostics, and configure the flowmeter. As owner-operators strive to simplify operations and achieve higher efficiency, ARC sees a rising adoption of industrial Ethernet.

Flowmeters Research Formats and Editions Available

This market research may be purchased as a MIRA Service, an Excel Workbook, and/or as a Market Analysis Report (PDF). MIRA Services help unlock the full benefits of ARC’s market intelligence, making the data more actionable for you by adding qualitative context to our market data in an online environment unique to each customer. Regional editions include country and industry market data. Formats available are listed below:

MIRA Services MIRA Workbook Market Analysis PDF
Annual Subscription Yes No No
Worldwide (includes regional data) Yes Yes Yes
North America (includes regional data) Yes Yes No
Europe, Middle East, Africa (includes regional data) Yes Yes No
Asia (includes regional data) Yes Yes No
Latin America (includes regional data) Yes Yes No

Table of contents for this research is shown in the following paragraphs.

Worldwide Research Focus Areas

Strategic Analysis

  • Executive Overview
  • Market Trends
  • Buyer Strategies
  • Supplier Strategies
  • Growth Contributors and Inhibitors

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Technology
    • Coriolis
    • Magnetic
    • Ultrasonic
    • Vortex
  • Market Shares by Measured Medium
    • Gases
    • Liquid/Slurry
    • Steam
  • Market Shares by Industry
    • Chemical
    • Electric Power Generation
    • Food & Beverage
    • Marine
    • Metals
    • Mining
    • Oil & Gas
    • Pharmaceutical & Biotech
    • Pulp & Paper
    • Refining
    • Water & Wastewater
  • Market Shares by Transmission Method
    • Wired
    • Wireless
  • Market Shares by Sales Channel
  • Market Shares by Customer Type

Market Forecasts & Histories

  • Total Shipments of Flowmeters
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Technology
    • Coriolis
    • Magnetic
    • Ultrasonic
    • Vortex
  • Shipments by Measured Medium
    • Liquid/Slurry
    • Gas
    • Stream
  • Shipments by Industry
    • Chemical
    • Electric Power Generation
    • Food & Beverage
    • Marine
    • Metals
    • Mining
    • Oil & Gas
    • Pharmaceutical & Biotech
    • Pulp & Paper
    • Refining
    • Water & Wastewater
  • Shipments by Transmission Method
    • Wired
    • Wireless
  • Shipments by Sales Channel
  • Shipments by Customer Type

Industry Participants

The research identifies all relevant suppliers serving this market.

Regional Research Focus Areas

Strategic Analysis

Competitive Analysis

  • Leading Suppliers in Region
  • Industry Shares in Region
  • Country Shares in Region
  • Leading Suppliers by Industry

Market Forecast & History Analysis 

  • Market Forecast & History by Country
  • Market Forecast & History by Industry

Industry Participants

List of countries & currencies included in each region

For More Information

To speak with the author or to purchase the Flowmeters Market Research, please contact us.

Learn more about ARC In-depth Research at Market Analysis

Learn more about ARC Strategic Services at Advisory Services for Industry Leaders 

Representative End User Clients
Representative Automation Clients
Representative Software Clients