According to the latest report by IMARC Group, title “Ultrasonic Flowmeter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027; the global ultrasonic flowmeter market reached a value of US$ 1.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.38 Billion by 2027, exhibiting at a CAGR of 6.32% during 2022-2027.
An ultrasonic flowmeter is used for measuring the quantity of gas or liquid that is moving through a pipe. The device is designed to measure the fluid velocity and calculate the motion of the gas or liquid using an ultrasonic transducer. The flowmeter can also measure the velocity of chemicals, molten Sulphur, gases, and cryogenic liquids. The flowmeter does not suffer mechanical wear and tear and can be used for bidirectional measurements. The ultrasonic flowmeter is largely used across the chemical, wastewater, food and beverage (F&B), pharmaceutical, mining, power generation, and paper and pulp industries.
Request for a PDF sample of this report: https://www.imarcgroup.com/ultrasonic-flowmeter-market/requestsample
Ultrasonic Flowmeter Market Trends:
The rising demand for ultrasonic flowmeters for accurately calculating velocity and measuring fluids is one of the prime factors driving the market growth. The non-invasive nature of ultrasonic flowmeters has significantly increased their demand across several industrial verticals, which is another factor boosting the market growth. Apart from this, the development of hybrid and portable ultrasonic flowmeters and the increasing shale gas exploration activities across the globe are creating a positive outlook for the market.
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 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
- 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
- Yokogawa Electric Co.
Key Market Segmentation:
Breakup by Product Type:
- Spool Peice
- Insertion
- Clamp-On
- Others
Breakup by Number of Paths:
- 3-Path Transit Time
- 4- Path Transit Time
- 5- Path Transit Time
- 6 or More Path Transit Time
Breakup by Technology:
- Transit Time – Single/Dual Path
- Transit Time – Multipath
- Doppler
- Hybrid
Breakup by Distribution Channel:
- Direct Sales
- Independent Representatives
- Distributors
- Online
Breakup by Application:
- Natural Gas
- Non-Petroleum Liquid
- Petroleum Liquid
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/ultrasonic-flowmeter-market
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
