Global Ultrasonic Flow Meter Market

Posted by Ganesh Mane on February 26th, 2021

Global Ultrasonic Flow Meter Market was valued at US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027. Ultrasonic flow meters are volumetric flow meters that are used to measure the flow rate of liquids, gases, or steam. Ultrasonic flow meter operates by alternately transmitting and receiving a frequency modulated burst of sound energy between the two transducers and measuring the transit time that it takes for sound to travel between the transducers.

It uses low-voltage and multi-pulse transit time principle, and adopt high-accuracy and much stable detecting techniques to measure the flow. Major benefits of utilizing this type of flow meter are high accuracy, low maintenance (no moving parts), noninvasive flow measurement, and the ability to regularly diagnose the health of the meter. The report covers the detailed analysis Global Ultrasonic Flow Meter Market with the classifications of the market on by product type, by number of paths, by technology, by distribution channel, by fluid type, by end-user and by region.

Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it. The report has profiled eighteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in APAC region.

Major country’s policies about manufacturing and their impact on the Ultrasonic Flow Meter application's demand are covered in the report. Market Dynamics- High accuracy in taking measurements and calculating the velocity of the fluids is the main driving factor to the growth of the Global Ultrasonic Flow Meter Market. The cost associated with the maintenance of the Ultrasonic Flow Meter is also low and have the ability to regularly monitor the performance of the meter. Increasing demand for hybrid ultrasonic flow meter in order to measure gases and liquids both with bidirectional measurement is boosting the Global Ultrasonic Flow Meter Market. Ultrasonic meters have the advantage that they can perform well in large pipe sizes, as they have more scope for the ultrasonic signal to cross.

Growing investment in R&D and infrastructural activities, increasing import-export and enhancing existing oil & gas fields are couples of factors expected to drive the growth of the target market. Availability of a wide range of alternatives to flow meter and the non-willingness of the manufacturers to switch to the latest technology of the ultrasonic flow meter are few restraints to the growth of the Global Ultrasonic Flow Meter Market. Segment analysis- The report groups the Global Ultrasonic Flow Meter Market in different segments by product type, by number of paths, by technology, by distribution channel, by fluid type, by end-user, and by region to forecast the revenues and analyze the market share of each segment over the forecast period. By product type, the clamp-on segment was dominant in 2019 and is expected to command a market share of xx% by 2027. The clamp-on meter will often perform better than manufacturer standards as the meter control units have piecewise linear error correction schemes such that they can be adjusted to reference flow rates. Clamp-on repeatability is also very precise.

Clamp-on devices attach to the exterior of the pipe and enable the measurement of corrosive liquids without damage to the sensors. By end-user, the oil & Gas segment was dominant in 2019 and is expected to command a market share of xx% by 2027. Increasing demand for power and energy has boosted the growth of new oil and gas refineries in all regions, thereby increasing the Global Ultrasonic Flow Meter Market. The need for precise accuracy flow measurement in transfer applications in the oil & gas industry has increased the demand for ultrasonic flow meters. Ultrasonic flow meters are also utilized for pump testing & inspection, methanol & water injection metering, verification of in-line meters, and water measurements in the oil and gas industry.

By technology, the transit time segment was dominant in 2019 and is expected to command a market share of xx% by 2027. It has two types both single or dual path and multi path transit time. It has the ability to measure the bi-directional and precise flow of the gas and liquid. This technology can be utilized for both natural gas and petroleum liquid. Based on distribution channel, the distribution of the ultrasonic flow meters is done either by direct sales or by Independent Representatives or by Distributors or through online mode. The distribution process of the ultrasonic flow meters can be through any mode as preferred. Based on fluid type, the segment divided into the fluid types like petroleum liquids, non-petroleum liquids, gas, and steam for the proper functioning of the ultrasonic flow meters.

The cost efficiency and the operating cost is dependent on the fluid type, which is been used for the ultrasonic flow meters. The number of paths segment has the sub-segments as 3-Path Transit Time, 4- Path Transit Time, 5- Path Transit Time and 6 Or More Path Transit Time. It uses the transit times of the signal between the two transducers to determine the velocity of the fluid. Because of its high efficiency and reliability, it has contributed to the growth of the Global Ultrasonic Flow Meter Market. Regional Insights- APAC is expected to command largest market share of xx% by 2027 Developing economies of APAC, like China, India & Japan have increased investments in water & wastewater, energy and power, refining, chemicals, and industrial infrastructure activities, which is driving the demand for measuring instruments, which has contributed significantly to the growth of the Ultrasonic Flow Meter Market in this region. As crude oil prices in Middle East Africa are increasing, companies are increasing their expenditure in the oil & gas sector across various stages. Middle East Africa government and private sector investments in the oil and gas industry is also increasing due to the growing demand for fuel for power generation, which is boosting the growth of Global Oil and Gas Security and Service Market. The report also helps in understanding the Global Ultrasonic Flow Meter Market dynamics, structure by analyzing the Market segments and project the Global Ultrasonic Flow Meter Market which gives clear representation of competitive analysis of key players by price, financial position, Material portfolio, growth strategies, and regional presence in the Global Ultrasonic Flow Meter Market make the report investor’s guide.

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Scope of the report-

Global Ultrasonic Flow Meter Market, by product type

• Spool Piece • Insertion • Clamp-On • Inline • Others

Global Ultrasonic Flow Meter Market, by number of paths

• 3-Path Transit Time • 4- Path Transit Time • 5- Path Transit Time • 6 Or More Path Transit Time

Global Ultrasonic Flow Meter Market, by technology

• Transit Time - Single/Dual Path • Transit Time – Multipath • Doppler • Hybrid

Global Ultrasonic Flow Meter Market, by distribution channel

• Direct Sales • Independent Representatives • Distributors • Online

Global Ultrasonic Flow Meter Market, by fluid type

• Gas • Petroleum Liquids • Non-petroleum Liquids • Steam

Global Ultrasonic Flow Meter Market, by end user

• Oil & Gas • Water & Waste Water • Refining & Petrochemicals • Power Generation • Pulp & Paper Metals • Food & Beverages • Pharmaceuticals • Others

Global Ultrasonic Flow Meter Market, by region

• North America • Europe • Asia Pacific • Middle East & Africa • South America

Key players operating in Global Ultrasonic Flow Meter Market

• KROHNE Messtechnik • Siemens • ENDRESS HAUSER • Greyline Instruments • Bronkhorst • Mass Flow • YOKOGAWA • NIVUS • Isoil • FUJI ELECTRIC • ABB Ltd. • Siemens AG • Badger Meter Inc. • Endress + Hauser AG • Azbil Corporation • Krohne Messtechnik GmbH • Schneider Electric

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