Intelligent Flow Meter Market

An intelligent flow meter is a type of flow meter that is used to evaluate the fluidic phenomenon in a diversified range of commercial and industrial applications such as food & beverages, oil & gas, and power generation, among others. It is a type of electronic flow meter that does not comprise of any moving parts. An intelligent flow meter is used in fluid industries to detect the flow of fluid inside the pipes and is also used to maintain the fluid flow in these pipes.

To have an edge over the competition by knowing the market dynamics and current trends of “Intelligent Flow Meter Market”, request for Sample Report here

The key factors propelling the growth of the global intelligent flow meter market include the increase in the demand for intelligent flow meters in various industrial applications such as in water & wastewater industries, along with the continuous technological advancements in the ultrasonic measurement which has surged the demand for such devices in the market. In addition, various benefits offered by the intelligent flow meter, such as enhanced accuracy, reliability, the ability to detect the flow rate of a gas or liquid in real-time and offer feedback for the accurate control of the rate of flow are further driving the growth of the market all across the world. The increase in the expansion of industries across developing countries in the Asia-Pacific region and growing awareness for the real-time analysis of data, and improved visibility are some other factors bolstering the growth of the market during the forecast period. Moreover, various technological advancements such as the implementation of advanced sensors and the availability of wireless monitoring are encouraging the end-users to opt for intelligent flow meter. The factors that are hindering the growth of the global intelligent flow meter market include the huge initial cost for the adoption of magnetic and coriolis flow meters.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the type, the magnetic flow meters segment is anticipated to increase at a higher CAGR during the forecast period owing to the rising demand for this type of flow meters across various industries that includes food & beverages, chemicals, and metals & mining, among others. Several advantages offered by magnetic flow meters, such as decreased maintenance cost, ability to measure backward and forward flow with the same accuracy, no pressure loss, and large measuring range, among others, are some other factors leading to an upsurge in demand for magnetic flow meters in the market.

Based on the offering, the hardware segment is expected to grow at a higher compound annual growth rate over the forecast period as it is a major source through which the data related to flow measurement is produced on a timely basis. The data extracted by hardware components allows an effective analysis and feedback control for the management of liquid and gas flow through pipes.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on the region, Asia-Pacific is anticipated to grow at a higher compound annual growth rate during the forecast period owing to the high adoption rate of intelligent flow meters across various industries like water & wastewater industries and chemical industries. Moreover, expansion in the industrial activities is leading to increase in the development of infrastructure across countries like China and India which is also a major factor driving the growth of the intelligent flow meter market in this region.

Various notable players operating in the market include Endress+Hauser Group Services AG, Emerson Electric Co., ABB, Yokogawa Electric Corporation, Honeywell International Inc., Siemens, Baker Hughes Company, Azbil Corporation, Schneider Electric, and Badger Meter, Inc., among others.

Key Developments: 

• • In 2020, Endress+Hauser Group Services AG launched Proline Prosonic Flow G 300/500 flowmeter, which has two versions a compact version (Proline 300) and a remote version (Proline 500). The inputs and outputs from this flowmeter offer flexibility with the ability to offer output, which includes temperature, pressure, and other various variables.
  • In 2020, Siemens launched SITRANS FS230 clamp-on ultrasonic flow meter, which can be used to handle hazardous and standard application challenges and has a user-friendly operation.

The global Intelligent Flow Meter market has been segmented on the basis of type, offering, communication protocol, industry, and key regions. Based on the type, the market is segmented into coriolis, magnetic flow meters, vortex, ultrasonic, thermal, multiphase, differential pressure, variable area, and turbine. Based on the offering, the market is segmented into software, hardware, and services. Based on the communication protocol, the market is segmented into MODBUS, PROFIBUS, HART, and others. Based on the industry, the market is segmented into oil & gas, water & wastewater, food & beverages, chemicals, metals & mining, pulp & paper, pharmaceuticals, power generation, and others.

For detailed scope of the “Intelligent Flow Meter Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global Intelligent Flow Meter market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Intelligent Flow Meter market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Intelligent Flow Meter market?
  • Which type generated maximum revenues in 2019 and identify the most promising types during the forecast period?
  • What are the various industries of the Intelligent Flow Meter market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Intelligent Flow Meter Market by Type

• • Coriolis
  • Magnetic Flow Meters
  • Vortex
  • Ultrasonic
  • Thermal
  • Multiphase
  • Differential Pressure
  • Variable Area
  • Turbine

Global Intelligent Flow Meter Market by Offering

• • Software
  • Hardware
  • Services

Global Intelligent Flow Meter Market by Communication Protocol

• • MODBUS
  • PROFIBUS
  • HART
  • Others

Global Intelligent Flow Meter Market by Industry

• • Oil & Gas
  • Water & Wastewater
  • Food & Beverages
  • Chemicals
  • Metals & Mining
  • Pulp & Paper
  • Pharmaceuticals
  • Power Generation
  • Others

Global Intelligent Flow Meter Market by Region

• • North America Intelligent Flow Meter Market (Option 1: As a part of the free 25% customization)
    • North America Intelligent Flow Meter Market by Type
    • North America Intelligent Flow Meter Market by Offering
    • North America Intelligent Flow Meter Market by Communication Protocol
    • North America Intelligent Flow Meter Market by Industry
    • US Intelligent Flow Meter Market All-Up
    • Canada Intelligent Flow Meter Market All-Up
  • Europe Intelligent Flow Meter Market (Option 2: As a part of the free 25% Customization)
    • Europe Intelligent Flow Meter Market by Type
    • Europe Intelligent Flow Meter Market by Offering
    • Europe Intelligent Flow Meter Market by Communication Protocol
    • Europe Intelligent Flow Meter Market by Industry
    • UK Intelligent Flow Meter Market All-Up
    • Germany Intelligent Flow Meter Market All-Up
    • France Intelligent Flow Meter Market All-Up
    • Spain Intelligent Flow Meter Market All-Up
    • Rest of Europe Intelligent Flow Meter Market All-Up
  • Asia-Pacific Intelligent Flow Meter Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Intelligent Flow Meter Market by Type
    • Asia-Pacific Intelligent Flow Meter Market by Offering
    • Asia-Pacific Intelligent Flow Meter Market by Communication Protocol
    • Asia-Pacific Intelligent Flow Meter Market by Industry
    • China Intelligent Flow Meter Market All-Up
    • India Intelligent Flow Meter Market All-Up
    • Japan Intelligent Flow Meter Market All-Up
    • Rest of APAC Intelligent Flow Meter Market All-Up
  • RoW Intelligent Flow Meter Market (Option 4: As a part of the free 25% Customization)
    • RoW Intelligent Flow Meter Market by Type
    • RoW Intelligent Flow Meter Market by Offering
    • RoW Intelligent Flow Meter Market by Communication Protocol
    • RoW Intelligent Flow Meter Market by Industry
    • Brazil Intelligent Flow Meter Market All-Up
    • South Africa Intelligent Flow Meter Market All-Up
    • Saudi Arabia Intelligent Flow Meter Market All-Up
    • UAE Intelligent Flow Meter Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Intelligent Flow Meter Market All-Up

Major Operating Players in the Intelligent Flow Meter Market (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Endress+Hauser Group Services AG
  • Emerson Electric Co.
  • ABB
  • Yokogawa Electric Corporation
  • Honeywell International Inc.
  • Siemens
  • Baker Hughes Company
  • Azbil Corporation
  • Schneider Electric
  • Badger Meter, Inc.