The Intelligent Flow Meter Market size was estimated at USD 3.17 billion in 2022 and is expected to reach USD 4.89 billion by 2030 at a CAGR of 5.58% during the forecast period of 2023-2030.
A flow meter is a tool used to measure and keep track of the linear, non-linear, mass, or volumetric flow of liquids and gases. A smart flow measurement tool called an intelligent flow meter is used to measure and continuously monitor the flow rate of a liquid or gas. The main components of an intelligent flow meter are sensors, transmitters, and transducers, which aid in the exact operation of the gadget. The use of various flow meters, including magnetic, differential pressure, and ultrasonic flow meters, makes the chemicals sector one of the primary Communication areas for intelligent flow meters. These flow meters are used in the chemical industry to protect workers from dangerous and combustible substances. Industrial processes are more productive because intelligent flow meters measure the use of chemicals in terms of quantity and flow. As a result, the use of flow meters in chemical plants is on the rise, which is largely boosting the market.
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MARKET DYNAMICS
DRIVER
Accuracy and efficiency, Industry 4.0 and process optimization
The demand for intelligent flow meters that can deliver real-time data for monitoring and control is driven by the trend toward automation and the implementation of Industry 4.0 principles in a variety of industries. Accurate flow measurement is necessary in industries for increased process effectiveness, cost management, and regulatory compliance. Advanced accuracy and data analytic capabilities are provided by intelligent flow meters. Intelligent flow meters allow for continuous process monitoring and modification, assisting enterprises in streamlining their workflow and reducing waste.
RESTRAIN
high start-up costs
Integration Issues
Technical Proficiency
OPPORTUNITY
Developing Industries, Data-Driven Decisions, and the IoT
Intelligent flow meter applications have potential in the pharmaceutical, water and wastewater treatment, chemical, oil and gas, and other increasing industries. The need for intelligent flow meters that can provide insightful data is being driven by industry needs for data-driven decision-making. Due to their seamless integration into larger IoT networks, intelligent flow meters complement the Internet of Things (IoT) revolution.
CHALLENGES
Security Issues
Standardization
Maintenance and calibration
IMPACT OF RUSSIAN RUSSIAN-UKRAINE WAR
Regional market shifts Geopolitical events may modify trade agreements and economic alliances, which may change how intelligent flow meters are distributed throughout different regions. During difficult times, technological innovation businesses may shift their focus away from research and development, which could have an impact on the launch of fresh, cutting-edge intelligent flow meter technologies. Concentrate on crucial industries. Resources may be allocated to crucial industries like defense and energy during times of conflict. This can result in less money being invested in sectors that use clever flow meters. Regulations and trade agreements may change as a result of geopolitical events, which could have an impact on the distribution and compliance standards for intelligent flow meters.Impact on a Specific Industry Different industries rely on intelligent flow meters to differing degrees. Industries that are more directly impacted by geopolitical events may be more affected. Opportunities for Recovery There may be opportunities for recovery and higher demand for intelligent flow meters in industries that rebound as global tensions subside and economies stabilize.
IMPACT OF ONGOING RECESSION
Increasing price pressure on the market may result from increasing competition for a smaller pool of contracts. To stay competitive, manufacturers may need to change their pricing policies. Impact on a specific industry Depending on the industry, a recession might have different effects. The demand for intelligent flow meters may differ significantly depending on the industry—for example, manufacturing, chemicals, and the oil and gas industry—that primarily relies on fluid processing. Despite the difficulties, some businesses may decide to invest in intelligent flow meters that provide significant operational improvements or cost savings, enabling them to weather the recession more successfully. Opportunities for Recovery There may be a pent-up demand for projects and expansions as the economy begins to recover. This might potentially result in a rise in demand for sophisticated flow meters.
By Type
Coriolis
Magnetic
Vortex
Multiphase
Ultrasonic
Variable Area
Differential Pressure
Thermal
Turbine
By Offering
Hardware
Software
Services
By Communication Protocol
PROFIBUS
Modbus
HART
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
Due to the presence of significant players like Emerson Electric Co., Azbil Corporation, and others, the North American region is anticipated to develop at the fastest rate during the projection period. These players are mostly concentrating on R&D efforts, Emerson unveiled new software in February 2021 to support process automation and the use of the Roxar 2600 Multiphase Flow Meter (MPFM) for the oil and gas industry. During the projection period, these advances from the top firms are anticipated to accelerate market expansion in the area.
The major key players are ABB, Emerson Electric Co., Siemens, Honeywell International Inc., Yokogawa, Electric Corporation, Azbil Corporation, Brooksinstrument, Sierra InstrumentsInc, KROHNE Messtechnik GmbH, General Electric, RIELS INSTRUMENTS S.rl., KOBOLD Messring GmbH, DISTRIBUIDORA INTERNACIONAL CARMEN, S.A.U, Baker Hughes, and Fuji Electric Co., Ltd., and others
Emerson Electric Co-Company Financial Analysis
RECENT DEVELOPMENTS
SONOTEC: In May 2022, in order to effectively address market issues with data inaccuracy and improve the efficiency of PAT (process analytical technology)-related upstream and downstream processes in biotechnology applications, SONOTEC, a provider of measuring technology solutions, introduced the SONOFLOW CO.55 non-contact flow meter.
Sierra: In August 2021, Sierra, a provider of flow measurement systems, introduced a new flow meter selection tool to help customers select the right flow meter or flow controller for their application. The market's flow meter makes it easier for customers who aren't professionals to use it.
| Report Attributes | Details |
| Market Size in 2022 | US$ 3.17 Bn |
| Market Size by 2030 | US$ 4.89 Bn |
| CAGR | CAGR of 5.58% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Coriolis, Magnetic, Vortex, Multiphase, Ultrasonic, Variable Area, Differential Pressure, Thermal, Turbine), • By Offering (Hardware, Software, Services) • By Communication Protocol (PROFIBUS, Modbus, HART, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | ABB, Emerson Electric Co., Siemens, Honeywell International Inc., Yokogawa, Electric Corporation, Azbil Corporation, Brooks instrument, Sierra InstrumentsInc, KROHNE Messtechnik GmbH, General Electric, RIELS INSTRUMENTS S.rl., KOBOLD Messring GmbH, DISTRIBUIDORA INTERNACIONAL CARMEN, S.A.U, Baker Hughes, and Fuji Electric Co., Ltd |
| Key Drivers | • Accuracy and efficiency, Industry 4.0, and process optimization |
| Market Restraints | • High start-up costs • Integration Issues • Technical Proficiency |
The Intelligent Flow Meter Market is expected to grow at a CAGR of 5.58% from 2023 to 2030.
According to our analysis, the Intelligent Flow Meter Market is anticipated to reach 4.89 USD billion By 2030.
During the forecast period, high accuracy, stability, and dependability provided by intelligent flow meters are anticipated to fuel market expansion.
The leading participants in the ABB, are Emerson Electric Co., Siemens, Honeywell International Inc., Yokogawa, Electric Corporation, Azbil Corporation, Brooksinstrument, and Sierra InstrumentsInc.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Intelligent Flow Meter Market, By Type
8.1 Coriolis
8.2 Magnetic
8.3 Vortex
8.4 Multiphase
8.5 Ultrasonic
8.6 Variable Area
8.7 Differential Pressure
8.8 Thermal
8.9 Turbine
9. Intelligent Flow Meter Market, By Offering
9.1 Hardware
9.2 Software
9.3 Services
10. Intelligent Flow Meter Market, By Communication
10.1 PROFIBUS
10.2 Modbus
10.3 HART
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Intelligent Flow Meter Market by Country
11.2.2North America Intelligent Flow Meter Market by Type
11.2.3 North America Intelligent Flow Meter Market by Offering
11.2.4 North America Intelligent Flow Meter Market by Communication
11.2.5 USA
11.2.5.1 USA Intelligent Flow Meter Market by Type
11.2.5.2 USA Intelligent Flow Meter Market by Offering
11.2.5.3 USA Intelligent Flow Meter Market by Communication
11.2.6 Canada
11.2.6.1 Canada Intelligent Flow Meter Market by Type
11.2.6.2 Canada Intelligent Flow Meter Market by Offering
11.2.6.3 Canada Intelligent Flow Meter Market by Communication
11.2.7 Mexico
11.2.7.1 Mexico Intelligent Flow Meter Market by Type
11.2.7.2 Mexico Intelligent Flow Meter Market by Offering
11.2.7.3 Mexico Intelligent Flow Meter Market by Communication
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Intelligent Flow Meter Market by Country
11.3.1.2 Eastern Europe Intelligent Flow Meter Market by Type
11.3.1.3 Eastern Europe Intelligent Flow Meter Market by Offering
11.3.1.4 Eastern Europe Intelligent Flow Meter Market by Communication
11.3.1.5 Poland
11.3.1.5.1 Poland Intelligent Flow Meter Market by Type
11.3.1.5.2 Poland Intelligent Flow Meter Market by Offering
11.3.1.5.3 Poland Intelligent Flow Meter Market by Communication
11.3.1.6 Romania
11.3.1.6.1 Romania Intelligent Flow Meter Market by Type
11.3.1.6.2 Romania Intelligent Flow Meter Market by Offering
11.3.1.6.4 Romania Intelligent Flow Meter Market by Communication
11.3.1.7 Turkey
11.3.1.7.1 Turkey Intelligent Flow Meter Market by Type
11.3.1.7.2 Turkey Intelligent Flow Meter Market by Offering
11.3.1.7.3 Turkey Intelligent Flow Meter Market by Communication
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Intelligent Flow Meter Market by Type
11.3.1.8.2 Rest of Eastern Europe Intelligent Flow Meter Market by Offering
11.3.1.8.3 Rest of Eastern Europe Intelligent Flow Meter Market by Communication
11.3.2 Western Europe
11.3.2.1 Western Europe Intelligent Flow Meter Market by Type
11.3.2.2 Western Europe Intelligent Flow Meter Market by Offering
11.3.2.3 Western Europe Intelligent Flow Meter Market by Communication
11.3.2.4 Germany
11.3.2.4.1 Germany Intelligent Flow Meter Market by Type
11.3.2.4.2 Germany Intelligent Flow Meter Market by Offering
11.3.2.4.3 Germany Intelligent Flow Meter Market by Communication
11.3.2.5 France
11.3.2.5.1 France Intelligent Flow Meter Market by Type
11.3.2.5.2 France Intelligent Flow Meter Market by Offering
11.3.2.5.3 France Intelligent Flow Meter Market by Communication
11.3.2.6 UK
11.3.2.6.1 UK Intelligent Flow Meter Market by Type
11.3.2.6.2 UK Intelligent Flow Meter Market by Offering
11.3.2.6.3 UK Intelligent Flow Meter Market by Communication
11.3.2.7 Italy
11.3.2.7.1 Italy Intelligent Flow Meter Market by Type
11.3.2.7.2 Italy Intelligent Flow Meter Market by Offering
11.3.2.7.3 Italy Intelligent Flow Meter Market by Communication
11.3.2.8 Spain
11.3.2.8.1 Spain Intelligent Flow Meter Market by Type
11.3.2.8.2 Spain Intelligent Flow Meter Market by Offering
11.3.2.8.3 Spain Intelligent Flow Meter Market by Communication
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Intelligent Flow Meter Market by Type
11.3.2.9.2 Netherlands Intelligent Flow Meter Market by Offering
11.3.2.9.3 Netherlands Intelligent Flow Meter Market by Communication
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Intelligent Flow Meter Market by Type
11.3.2.10.2 Switzerland Intelligent Flow Meter Market by Offering
11.3.2.10.3 Switzerland Intelligent Flow Meter Market by Communication
11.3.2.11.1 Austria
11.3.2.11.2 Austria Intelligent Flow Meter Market by Type
11.3.2.11.3 Austria Intelligent Flow Meter Market by Offering
11.3.2.11.4 Austria Intelligent Flow Meter Market by Communication
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Intelligent Flow Meter Market by Type
11.3.2.12.2 Rest of Western Europe Intelligent Flow Meter Market by Offering
11.3.2.12.3 Rest of Western Europe Intelligent Flow Meter Market by Communication
11.4 Asia-Pacific
11.4.1 Asia-Pacific Intelligent Flow Meter Market by Country
11.4.2 Asia-Pacific Intelligent Flow Meter Market by Type
11.4.3 Asia-Pacific Intelligent Flow Meter Market by Offering
11.4.4 Asia-Pacific Intelligent Flow Meter Market by Communication
11.4.5 China
11.4.5.1 China Intelligent Flow Meter Market by Type
11.4.5.2 China Intelligent Flow Meter Market by Offering
11.4.5.3 China Intelligent Flow Meter Market Communication
11.4.6 India
11.4.6.1 India Intelligent Flow Meter Market by Type
11.4.6.2 India Intelligent Flow Meter Market by Offering
11.4.6.3 India Intelligent Flow Meter Market by Communication
11.4.7 Japan
11.4.7.1 Japan Intelligent Flow Meter Market by Type
11.4.7.2 Japan Intelligent Flow Meter Market by Offering
11.4.7.3 Japan Intelligent Flow Meter Market by Communication
11.4.8 South Korea
11.4.8.1 South Korea Intelligent Flow Meter Market by Type
11.4.8.2 South Korea Intelligent Flow Meter Market by Offering
11.4.8.3 South Korea Intelligent Flow Meter Market by Communication
11.4.9 Vietnam
11.4.9.1 Vietnam Intelligent Flow Meter Market by Type
11.4.9.2 Vietnam Intelligent Flow Meter Market by Offering
11.4.9.3 Vietnam Intelligent Flow Meter Market by Communication
11.4.10 Singapore
11.4.10.1 Singapore Intelligent Flow Meter Market by Type
11.4.10.2 Singapore Intelligent Flow Meter Market by Offering
11.4.10.3 Singapore Intelligent Flow Meter Market by Communication
11.4.11 Australia
11.4.11.1 Australia Intelligent Flow Meter Market by Type
11.4.11.2 Australia Intelligent Flow Meter Market by Offering
11.4.11.3 Australia Intelligent Flow Meter Market by Communication
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Intelligent Flow Meter Market by Type
11.4.12.2 Rest of Asia-Pacific Intelligent Flow Meter Market by Offering
11.4.12.3 Rest of Asia-Pacific Intelligent Flow Meter Market by Communication
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Intelligent Flow Meter Market by Country
11.5.1.2 Middle East Intelligent Flow Meter Market by Type
11.5.1.3 Middle East Intelligent Flow Meter Market by Offering
11.5.1.4 Middle East Intelligent Flow Meter Market by Communication
11.5.1.5 UAE
11.5.1.5.1 UAE Intelligent Flow Meter Market by Type
11.5.1.5.2 UAE Intelligent Flow Meter Market by Offering
11.5.1.5.3 UAE Intelligent Flow Meter Market by Communication
11.5.1.6 Egypt
11.5.1.6.1 Egypt Intelligent Flow Meter Market by Type
11.5.1.6.2 Egypt Intelligent Flow Meter Market by Offering
11.5.1.6.3 Egypt Intelligent Flow Meter Market by Communication
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Intelligent Flow Meter Market by Type
11.5.1.7.2 Saudi Arabia Intelligent Flow Meter Market by Offering
11.5.1.7.3 Saudi Arabia Intelligent Flow Meter Market by Communication
11.5.1.8 Qatar
11.5.1.8.1 Qatar Intelligent Flow Meter Market by Type
11.5.1.8.2 Qatar Intelligent Flow Meter Market by Offering
11.5.1.8.3 Qatar Intelligent Flow Meter Market by Communication
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Intelligent Flow Meter Market by Type
11.5.1.9.2 Rest of Middle East Intelligent Flow Meter Market by Offering
11.5.1.9.3 Rest of Middle East Intelligent Flow Meter Market by Communication
11.5.2 Africa
11.5.2.1 Africa Intelligent Flow Meter Market by Country
11.5.2.2 Africa Intelligent Flow Meter Market by Type
11.5.2.3 Africa Intelligent Flow Meter Market by Offering
11.5.2.4 Africa Intelligent Flow Meter Market by Communication
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Intelligent Flow Meter Market by Type
11.5.2.5.2 Nigeria Intelligent Flow Meter Market by Offering
11.5.2.5.3 Nigeria Intelligent Flow Meter Market by Communication
11.5.2.6 South Africa
11.5.2.6.1 South Africa Intelligent Flow Meter Market by Type
11.5.2.6.2 South Africa Intelligent Flow Meter Market by Offering
11.5.2.6.3 South Africa Intelligent Flow Meter Market by Communication
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Intelligent Flow Meter Market by Type
11.5.2.7.2 Rest of Africa Intelligent Flow Meter Market by Offering
11.5.2.7.3 Rest of Africa Intelligent Flow Meter Market by Communication
11.6 Latin America
11.6.1 Latin America Intelligent Flow Meter Market by Country
11.6.2 Latin America Intelligent Flow Meter Market by Type
11.6.3 Latin America Intelligent Flow Meter Market by Offering
11.6.4 Latin America Intelligent Flow Meter Market by Communication
11.6.5 Brazil
11.6.5.1 Brazil Intelligent Flow Meter Market by Type
11.6.5.2 Brazil Intelligent Flow Meter Market by Offering
11.6.5.3 Brazil Intelligent Flow Meter Market by Communication
11.6.6 Argentina
11.6.6.1 Argentina Intelligent Flow Meter Market by Type
11.6.6.2 Argentina Intelligent Flow Meter Market by Offering
11.6.6.3 Argentina Intelligent Flow Meter Market by Communication
11.6.7 Colombia
11.6.7.1 Colombia America Intelligent Flow Meter Market by Type
11.6.7.2 Colombia America Intelligent Flow Meter Market by Offering
11.6.7.3 Colombia America Intelligent Flow Meter Market by Communication
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Intelligent Flow Meter Market by Type
11.6.8.2 Rest of Latin America Intelligent Flow Meter Market by Offering
11.6.8.3 Rest of Latin America Intelligent Flow Meter Market by Communication
12. Company profile
12.1 ABB
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Type/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Emerson Electric Co
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Type/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Siemens
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Type/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Honeywell International Inc.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Type/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Yokogawa
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Type/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Azbil Corporation
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Type/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Brooksinstrument
12.7.2 Financials
12.7.3 Type/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Sierra InstrumentsInc
12.7.1 Company Overview
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Type/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 KROHNE Messtechnik GmbH
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Type/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 General Electric
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Type/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Communication News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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