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Flow Meter Market anticipated to witness substantial growth during the forecast period

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Nayara Rajput
Flow Meter Market anticipated to witness substantial growth during the forecast period

Flow Meter Industry Overview


The global flow meter market size was valued at USD 10.02 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030. The market shipment size was valued at 53,78,749 units in 2020. The increasing demand for flow rate measurement in O&G management applications across the globe is expected to drive the growth of the market over the forecast period. The adoption of measurement technologies and instruments would also gain traction in other sectors, such as water and wastewater, power generation, and pulp and paper over the forecast period. The adoption of products would be particularly significant in the O&G, and chemical and petroleum refinery sectors owing to the recent detection of shale gas reserves in North America, Europe, and the Asia Pacific.


Gather more insights about the market drivers, restrains and growth of the Flow Meter Market


The demand for intelligent systems is expected to increase over the foreseeable period as the integration of IoT has led to the introduction of smart measurement solutions. The demand for the Coriolis flowmeter is estimated to increase on account of its enhanced smart capabilities to measure the rate more accurately. The players in the market are mainly targeting the O&G sector and investing aggressively to offer innovative products and solutions to measure the flow rate of liquids, gases, and vapors. Additionally, custody transfer in the oil and gas sector is one of the key applications creating lucrative opportunities for ultrasonic and Coriolis flowmeters.


Advancements in technologies such as wireless monitoring and control, advanced sensors, and digital readouts are expected to drive the growth of the market over the forecast period. Manufacturers of the product are increasingly adopting the Internet of Things (IoT) sensors for smart metering solutions. The advanced approach of IoT enables automatic meter reading, which collects data automatically and remotely. Owing to such technological developments in products, the market is expected to grow at a significant rate from 2024 to 2030. However, the calibration of the product is a time-consuming process, which is expected to pose a challenge for market growth.


Rapid urbanization across developing countries in the Asia Pacific drives the need for adequate water and wastewater management and power generation. As a result, the demand for the product in water and wastewater applications is expected to be high in the region. However, labor skill issues regarding operational processes of smart systems along with high initial costs associated with these advanced products are a few factors that could hamper the growth of the flow meter market. Similarly, the lack of adequate calibration facilities in the MEA region and the political instability in the region are factors affecting the growth of the regional market.


Browse through Grand View Research's Sensors & Controls Industry Research Reports.


  • The global shale gas market size was valued at USD 68.3 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 8.5% from 2020 to 2027.
  • The global power generation market is anticipated to grow significantly over the forecast period. Power generation is carried out by the means of conventional/non-renewable and renewable sources of energy.


Flow Meter Market Segmentation


Grand View Research has segmented the global flow meter market based on product, application, power type, pipe size, and region:


Flow Meter Product Outlook (Revenue, USD Billion, 2017 - 2030)

  • Differential Pressure (DP)
  • Positive Displacement (PD)
  • Magnetic
  • Ultrasonic
  • Coriolis
  • Turbine
  • Vortex
  • Others


Flow Meter Power Type Outlook (Revenue, USD Billion, 2017 - 2030)

  • Electric
  • Solar
  • Battery Powered


Flow Meter Application Outlook (Revenue, USD Billion, 2017 - 2030)

  • Water & Wastewater
  • Oil & Gas
  • Chemicals
  • Power Generation
  • Pulp & Paper
  • Food & Beverage
  • Others


Flow Meter Pipe Size Outlook (Revenue, USD Billion, 2017 - 2030)

  • 2 inches
  • 4 inches
  • 6 inches
  • More than 6 inches


Key Companies profiled:


  • ABB Ltd.
  • Emerson Electric Corporation
  • em-tec GmbH
  • Endress+Hausar AG
  • General Electric
  • Hitachi High-Tech Corporation
  • Honeywell International Inc.
  • HÖNTZSCH GMBH & CO. KG
  • Krohne Messtechnik Gmbh
  • Siemens
  • Yokogawa Electric Corporation


Key Flow Meter Company Insights


Some prominent players in the market include ABB Ltd., Emerson Electric Corporation, General Electric, Krohne Messtechnik Gmbh, HÖNTZSCH GMBH & CO. KG, Hitachi High-Tech Corporation, and Siemens.


  • ABB Ltd, is a global technology company specializing in robotics, automation, electrification, and digitalization solutions for industries such as utilities, transportation, infrastructure, and manufacturing.
  • KROHNE Messtechnik GmbH is a leading global manufacturer and supplier of industrial process instrumentation and measurement solutions. The company specializes in the development and production of flow meters, level meters, temperature meters, pressure meters, and analytical instruments for various industries such as oil and gas, water and wastewater, chemicals, food and beverage, pharmaceuticals, and more.


FloRight Solutions and FlowGenix. are some of the emerging market participants in the target market.


  • FloRight specializes in the design and production of cutting-edge flow meters for various industrial applications, including oil and gas, chemical processing, and water management.
  • FlowGenix is a U.S.-based company that specializes in the development and production of innovative flow measurement solutions for a wide range of industries, including oil and gas, water and wastewater management, and pharmaceuticals.


Recent Developments

  • In January 2021, Badger Meter, Inc. announced the acquisition of Analytical Technology, Inc., a global provider of water quality monitoring systems. This acquisition is expected to help the company enhance its customer base in the U.S. market.
  • In September 2019, Krohne Messtechnik GmbH announced the strategic joint venture with Samson AG. Post joint venture Krohne Messtechnik GmbH announced its product innovation that unites valve and measuring technology with unique diagnostics and control functions in one device.


Order a free sample PDF of the Flow Meter Market Intelligence Study, published by Grand View Research.


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