Rockville , Jan. 05, 2024 (GLOBE NEWSWIRE) -- According to a new study by Fact.MR, a market research and competitive intelligence provider, the global ultrasonic flow meter market is estimated at US$ 2.15 billion in 2024 and is projected to expand at a CAGR of 6.7% from 2024 to 2034.
The market is expanding at a significant pace, driven by growing demand for accurate and non-intrusive flow measurement solutions across various industries. Ultrasonic flow meters utilize ultrasonic technology to measure fluid velocity without disrupting the flow, making them a preferred choice for applications in water and wastewater management, oil and gas, chemicals, and other sectors.
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Ongoing advancements in flow measurement technologies are enhancing the accuracy and reliability of ultrasonic flow meters. Improved algorithms and signal processing techniques are contributing to better performance, especially in challenging flow conditions. Integration of ultrasonic flow meters into the broader digital ecosystem is a prominent trend. These meters are increasingly equipped with (Internet of Things) IoT capabilities, thus enabling remote monitoring, real-time data analysis, and predictive maintenance.
Stringent environmental regulations across several end-use industries are fueling the demand for accurate flow measurement solutions to ensure compliance. Ultrasonic flow meters, with their high precision and reliability, are well-suited for meeting these regulatory requirements.
Key Takeaways from Market Study
- The global ultrasonic flow meter market is forecasted to reach US$ 4.11 billion by the end of 2034.
- Sales of ultrasonic flow meters in the United States are predicted to increase at a CAGR of 7.3% through 2034.
- Demand for ultrasonic flow meters in Japan is pegged at a market value of US$ 207.6 million for 2024.
- Sales of clamp-on ultrasonic flow meters are forecasted to rise at a CAGR of 6.8% from 2024 to 2034.
| Report Attribute | Details |
| Value Projection (2034) | US$ 4.11 Billion |
| Growth Rate (2024-2034) | 6.7% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 80 Tables |
| No. of Figures | 219 Figures |
“Growing emphasis on renewable energy sources is driving the adoption of ultrasonic flow meters in applications related to the generation of hydropower, wind energy, and solar power,” says a Fact.MR analyst.
Key Companies Profiled in This Report
- Honeywell International Inc.
- OMEGA Engineering Inc.
- General Electric
- Emerson Electric Co.
- Greyline Instruments
- Siemens AG
- KRONE Group
- Endress+Hauser Management AG
- Hontzsch GmbH & Co. KG
- Energoflow AG
- Fuji Electric Co., Ltd.
- HONDA Electronics Co., Ltd.
- MIB GmbH
- Pietro Fiorentini S.p.A
- KOBOLD Messring GmbH
- Tokyo KEISO Co., Ltd.
- Tokyo Keiki
- Dynaflox Shanghai Co., Ltd.
Winning Strategy
Companies are actively involved in product development, strategic collaborations, and mergers to maintain a competitive edge. Key market players are also focusing on acquiring smaller companies with specialized technologies to enhance their product portfolios and expand their market presence.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global ultrasonic flow meter market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights on the market based on type (inline, clamp-on, insertion), technology (transit time-single/dual path, transit time-multi path, doppler, hybrid), output display (analog, digital), and application (chemicals, metals & mining, food & beverages, pharmaceuticals, power generation, oil & gas, water & wastewater management, pulp & paper, refining & petrochemicals), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
Explore More Related Studies Published by Fact.MR Research:
Flow Meter Market: The global flow meter market is valued at US$ 7 billion and is expected to reach a market size of US$ 13 billion by 2033.
Coriolis Meters Market: The global Coriolis meters market is valued at US$ 2.2 billion in 2023 and is expected to reach US$ 4.9 billion by the end of 2033.
Peak Flow Meter Market: Worldwide sales of peak flow meters are projected to rise at a CAGR of 4.3% and reach US$ 45 billion by 2034-end.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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