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Global Electromagnetic Flowmeter Market: By Product: In-line Magnetic Flowmeters, Low Flow Magnetic Flowmeters, Insertion Magnetic Flowmeters; By Application: Water and Wastewater, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Electromagnetic Flowmeter Market Outlook
The global electromagnetic flowmeter market reached a value of above USD 2 billion in 2021. The industry is further expected to grow at a CAGR of about 5.2% in the forecast period of 2023-2028 to reach a value of more than USD 2.8 billion by 2027.
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The Asia Pacific Accounts for a Significant Share of the Market for Electromagnetic Flowmeter
The Asia Pacific represents a considerable share of the electromagnetic flowmeter industry due to rapid industrialisation in countries such as China and India, among others. With the growing concerns regarding water scarcity in the region, municipalities are increasingly bolstering their wastewater treatment infrastructure, which is increasing the utilisation of electromagnetic flowmeters. As electromagnetic flowmeters are crucial for flow measurements to enable optimal irrigation water management in the agricultural sector, their demand is significantly increasing in India, China, and Japan, among others, hence adding to the market growth.
With rapid urbanisation in developing countries in the region, the demand for electromagnetic flowmeters to facilitate electricity generation and efficient water and wastewater management is growing. The market in India is expected to significantly expand over the forecast period owing to the growing requirement to enhance fuel refining capacity. The increasing population and the rising water scarcity issues in the region are leading to the development of water management plants, which is also projected to boost the demand for electromagnetic flowmeters. Moreover, various regional companies are increasingly strengthening their product and service portfolios while improving client engagement, which is estimated to fuel the market for electromagnetic flowmeter. Meanwhile, in the coming years, North America is projected to be propelled by the strict water treatment requirements in the United States and Canada.
Electromagnetic Flowmeter: Market Segmentation
An electromagnetic flowmeter, variously known as a magnetic flowmeter, is a flowmeter that detects flow by deploying Faraday’s Law of induction. It is typically used in applications that have low-pressure drops and require appropriate liquid connectivity. It has no moving parts, which makes it reliable and low maintenance. Electromagnetic flowmeters find their applications in water treatment and power generation, among others.
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By product, the market is divided into:
- In-line Magnetic Flowmeters
- Low Flow Magnetic Flowmeters
- Insertion Magnetic Flowmeters
The major applications of electromagnetic flowmeter in the market are:
- Water and Wastewater
- Chemicals and Petrochemicals
- Power Generation
- Metals and Mining
- Oil and Gas
- Food and Beverages
- Pulp and Paper
- Pharmaceuticals
The EMR report looks into the regional markets of electromagnetic flowmeter like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Water and Wastewater Treatment Augmenting the Market Growth of Electromagnetic Flowmeter
The rising global population and the increasing shortage of drinking water are surging the demand for water treatment plants, which is propelling the market for electromagnetic flowmeter. The growing development of wastewater treatment plants to combat the excessive water usage in the residential and industrial sectors is surging the requirement for electromagnetic flowmeters. In addition, the growing demand for electromagnetic flowmeters in various end-use industries, including chemical is significantly contributing to the growth of the market. Advancements in flowmeter technology and stringent legislative requirements are bolstering the demand for electromagnetic flowmeters, which is estimated to drive the market growth in the forecast period.
Technological advancements and innovations to increase the manufacturing of accurate and fast electromagnetic flowmeters are projected to propel the market growth. As treated and untreated sewage, processed water, water, and chemicals are measured with electromagnetic flowmeters, the market is growing rapidly. With the surging investments in water infrastructure, the utilisation of electromagnetic flowmeters is predicted to grow. Furthermore, the elimination of wire from electromagnetic flowmeters is increasing their applications in various industries. As wireless transmission systems ease the monitoring of rotating equipment, the demand for in-line magnetic flowmeters is rising, which is anticipated to provide further impetus to the industry growth in the coming years.
Key Industry Players in the Global Electromagnetic Flowmeter Market
The report gives a detailed analysis of the following key players in the global electromagnetic flowmeter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ABB Ltd.
- Azbil Corporation
- Endress+Hauser Group Services AG
- Emerson Electric Co.
- Toshiba International Corporation
- KROHNE Group
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region |
| Breakup by Product | In-line Magnetic Flowmeters, Low Flow Magnetic Flowmeters, Insertion Magnetic Flowmeters |
| Breakup by Application | Water and Wastewater, Chemicals and Petrochemicals, Power Generation, Metals and Mining, Oil and Gas, Food and Beverages, Pulp and Paper, Pharmaceuticals |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ABB Ltd., Azbil Corporation, Endress+Hauser Group Services AG, Emerson Electric Co., Toshiba International Corporation, KROHNE Group, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electromagnetic Flowmeter Market Analysis
8.1 Key Industry Highlights
8.2 Global Electromagnetic Flowmeter Historical Market (2018-2022)
8.3 Global Electromagnetic Flowmeter Market Forecast (2023-2028)
8.4 Global Electromagnetic Flowmeter Market by Product
8.4.1 In-line Magnetic Flowmeters
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Low Flow Magnetic Flowmeters
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Insertion Magnetic Flowmeters
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Electromagnetic Flowmeter Market by Application
8.5.1 Water and Wastewater
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Chemicals and Petrochemicals
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Power Generation
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Metals and Mining
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Oil and Gas
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Food and Beverages
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Pulp and Paper
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Pharmaceuticals
8.5.8.1 Market Share
8.5.8.2 Historical Trend (2018-2022)
8.5.8.3 Forecast Trend (2023-2028)
8.6 Global Electromagnetic Flowmeter Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Electromagnetic Flowmeter Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Electromagnetic Flowmeter Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Electromagnetic Flowmeter Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Electromagnetic Flowmeter Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Electromagnetic Flowmeter Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ABB Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Azbil Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Endress+Hauser Group Services AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Emerson Electric Co.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Toshiba International Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 KROHNE Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electromagnetic Flowmeter Market: Key Industry Highlights, 2018 and 2028
2. Global Electromagnetic Flowmeter Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Electromagnetic Flowmeter Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Electromagnetic Flowmeter Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Electromagnetic Flowmeter Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Electromagnetic Flowmeter Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Electromagnetic Flowmeter Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Electromagnetic Flowmeter Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Electromagnetic Flowmeter Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Electromagnetic Flowmeter Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Electromagnetic Flowmeter Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Electromagnetic Flowmeter Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Electromagnetic Flowmeter Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Electromagnetic Flowmeter Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Electromagnetic Flowmeter Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Electromagnetic Flowmeter Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Electromagnetic Flowmeter Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Electromagnetic Flowmeter Market Structure
Key Questions Answered in the Report
In 2021, the global electromagnetic flowmeter market attained a value of beyond USD 2 billion.
The market is projected to grow at a CAGR of 5.2% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach more than USD 2.8 billion by 2027.
The major drivers of the market include the rapid industrialisation, the increasing demand for water and wastewater treatment, and the introduction of various stringent regulations regarding water treatment requirements.
The increasing investments in water infrastructure, technological advancements and innovations, and the growing utilisation of electromagnetic flowmeter in various end-use applications are expected to propel the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant products of electromagnetic flowmeter are in-line magnetic flowmeters, low flow magnetic flowmeters, and insertion magnetic flowmeters.
The major applications of electromagnetic flowmeter in the market are water and wastewater, chemicals and petrochemicals, power generation, metals and mining, oil and gas, food and beverages, pulp and paper, and pharmaceuticals.
The major players in the industry are ABB Ltd., Azbil Corporation, Endress+Hauser Group Services AG, Emerson Electric Co., Toshiba International Corporation, and KROHNE Group, among others.
Analyst Review
The global electromagnetic flowmeter market attained a value of more than USD 2 billion in 2021, driven by the increasing demand for water and wastewater treatment. Aided by the surging investments in water infrastructure, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.2%. The market is projected to reach above USD 2.8 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the electromagnetic flowmeter industry is categorised into in-line magnetic flowmeters, low flow magnetic flowmeters, and insertion magnetic flowmeters. On the basis of application, the market is divided into water and wastewater, chemicals and petrochemicals, power generation, metals and mining, oil and gas, food and beverages, pulp and paper, and pharmaceuticals. The major regional markets for electromagnetic flowmeter are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are ABB Ltd., Azbil Corporation, Endress+Hauser Group Services AG, Emerson Electric Co., Toshiba International Corporation, and KROHNE Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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