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Intelligent Flow Meter Market Size, by Type (Calorimetric, Multiphase, Vortex, Electromagnetic, Ultrasonic, Thermal, Coriolis), by Communication Protocol (HART, Profibus, Modbus), by Verticals (Chemical, Power Generation, Oil & Gas) – Forecast 2022

Market Highlights

The Intelligent Flow Meter Market Size has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast period.

Intelligent Flow Meter Market Size is increasing rapidly due to the growing need of highly accurate and precise equipment for flow calibration. Many global players such as Sierra Instruments, Inc., Nidec Corporation., and Honeywell International Inc. among others are investing in Intelligent Flow Meter Market Size and are launching various types of flow meters equipped with advanced features in order to eliminate uncertainties and to reduce the maintenance cost.

Recently, Emerson Automation Solutions (Nidec Corporation) has launched the Rosemount 8600 Utility Vortex Flow Meter that is specifically designed for utility applications and offers various benefits such as reduced installation costs, accurate and reliable flow measurement, while extending vortex technology into a wider range of applications. Also, Sierra Instruments, one of the prominent manufacturer of flow meters and controllers, introduced the vortex mass flow meters named InnovaMass 240i and 241i that is specifically designed for precise flow energy management in steam, compressed air, natural gas, and water applications. The InnovaMass flow meters are featured with the advanced Raptor II operating system that help the end-users in reducing the costs and increase productivity.

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Key Players

The prominent players in the Intelligent Flow Meter Market Size – ABB Ltd. (U.S.), Sierra Instruments Inc. (U.S.),  Nidec Corporation, (U.S.), Honeywell International Inc. (U.S.), Endress + Hauser AG (Switzerland), General Electric Company (U.S.),  Azbil Corporation (Japan), Krohne Messtechnik GmbH (Germany), Siemens AG (Germany), Yokogawa Electric Corporation (Japan) and American Industrial Partners (U.S.) among others.

Segments:

The global intelligent flow meter market has been segmented on the basis of communication protocol, type, verticals, and lastly region. Based on the communication protocol, this market has been segmented into Highway Addressable Remote Transducer Protocol (HART), Modbus, Profibus, and others. By types, the market has been segmented into calorimetric, Coriolis, Doppler, electromagnetic, multiphase turbine, thermal, ultrasonic, vortex, and others. The verticals based segmentation covers chemical, food & beverages, metals & mining, oil & gas, power generation, pulp & paper, pharmaceuticals among others. Regarding food and beverages, products passing through pipes in bottling companies are filled into bottles.

Regional Analysis

The regional segmentation of the global intelligent flow meter market segments the market into regional markets namely North America, Europe, Asia Pacific, and the Middle East & Africa (MEA). Among all regional markets, Asia Pacific is dominating the global market due to various factors. These factors include a high density of population, huge demand of measuring meters in the Oil & Gas industry, and increasing industrial development in this region, especially in China and India which are important country-based markets. Other important country-based markets in this region include Japan and South Korea, followed by the rest of Asia Pacific.

During the forecast period, the North American market is also showing healthy growth due to the technological advancement in this region, a large number of shale gas projects, oil fields presence, and lastly many key players of the market are based here. The biggest markets in this region are the United States of America (USA) and Canada. Due to the rapid growth of industrial, infrastructural activities, Europe is also expanding as a market. Factors including growing demand for accurate and precise flow measuring devices are driving the market in this region. The most significant markets in this region include France, Germany, Italy, Spain, and the United Kingdom, followed by the rest of Europe. The MEA region is a small market due to lack of education and lack of technological development.

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Table of Contents

  1. Report Prologue
  2. Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

  1. Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

  1. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

Continued…

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