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Global Ultrasonic Flow Meter Market Size, Share, Forecast: By Product Type: Spool Piece, Insertion, Clamp-On; By Number of Paths: 3-Path Transit Time, 4-Path Transit Time, 5-Path Transit Time, 6 or More Path Transit Time; By Technology Type; By Distribution Channel; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Ultrasonic Flow Meter Market Outlook
The global ultrasonic flow meter market is expected to expand from nearly USD 2.42 billion in 2023 to USD 4.34 billion by 2032 at a CAGR of 6.7% over the forecast period of 2024-2032.
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This development can be attributed to the increased demand for ultrasonic flow measurement techniques, increased investment in green fields in China, and increased operations for shale gas exploration in the US.
Properties and Applications
To calculate the bulk stream, ultrasonic flow meters evaluate the velocity of an ultrasonic fluid. The global ultrasonic flow meter industry can be divided on the basis of segments like product type, number of paths, technology type, distribution channel, and application. The industry can be divided on the basis of its product type as spool piece, insertion, and clamp-on. The market can be classified on the basis of its number of paths as 3-path transit time, 4-path transit time, 5- path transit time, and 6 or more path transit time. The industry can be further divided based on technology into:
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- Transit Time - Single/Dual Path
- Transit Time - Multipath
- Doppler
- Hybrid
The market can be divided on the basis of its distribution channel as direct sales, independent representatives, distributors, and online. It can be broadly categorised on the basis of its applications into:
- Natural Gas
- Non-Petroleum Liquid
- Petroleum Liquid
- Others
The EMR report looks into the regional ultrasonic flow meter markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The factors that are driving the ultrasonic flow meter market growth include the need for accurate measurement and the growing product demand from oil and gas, along with water and wastewater industries, for ease of operation. The possible constraints are the high initial cost of ultrasonic flow meters and inaccurate measurements in the vertically downward flow line.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global ultrasonic flow meter market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABB Asea Brown Boveri Ltd.
- Badger Maeter Inc.
- Emerson Electric Co.
- Faure Herman SA
- General Electric Company (NYSE: GE)
- Hach company
- Honeywell International Inc.
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Number of Paths |
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| Breakup by Technology Type |
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| Breakup by Distribution Channel |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ultrasonic Flow Meter Market Analysis
8.1 Key Industry Highlights
8.2 Global Ultrasonic Flow Meter Historical Market (2018-2023)
8.3 Global Ultrasonic Flow Meter Market Forecast (2024-2032)
8.4 Global Ultrasonic Flow Meter Market by Product Type
8.4.1 Spool Piece
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Insertion
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Clamp-On
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Ultrasonic Flow Meter Market by Number of Paths
8.5.1 3-Path Transit Time
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 4-Path Transit Time
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 5-Path Transit Time
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 6 or More Path Transit Time
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Ultrasonic Flow Meter Market by Technology Type
8.6.1 Transit Time - Single/Dual Path
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Transit Time - Multipath
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Doppler
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Hybrid
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Ultrasonic Flow Meter Market by Distribution Channel
8.7.1 Direct Sales
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Independent Representatives
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Distributors
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Online
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.8 Global Ultrasonic Flow Meter Market by Application
8.8.1 Natural Gas
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Non-Petroleum Liquid
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Petroleum Liquid
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Others
8.9 Global Ultrasonic Flow Meter Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Ultrasonic Flow Meter Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ultrasonic Flow Meter Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ultrasonic Flow Meter Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ultrasonic Flow Meter Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ultrasonic Flow Meter Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 Value Chain Analysis
16 Trade Data Analysis (HS Code-9026)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Omega Engineering, Inc.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Badger Meter Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Emerson Electric Co.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Faure Herman
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Baker Hughes Company
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Bronkhorst High-Tech B.V.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Honeywell International Inc.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ultrasonic Flow Meter Market: Key Industry Highlights, 2018 and 2032
2. Global Ultrasonic Flow Meter Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Ultrasonic Flow Meter Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Ultrasonic Flow Meter Historical Market: Breakup by Number of Paths (USD Million), 2018-2023
5. Global Ultrasonic Flow Meter Market Forecast: Breakup by Number of Paths (USD Million), 2024-2032
6. Global Ultrasonic Flow Meter Historical Market: Breakup by Technology Type (USD Million), 2018-2023
7. Global Ultrasonic Flow Meter Market Forecast: Breakup by Technology Type (USD Million), 2024-2032
8. Global Ultrasonic Flow Meter Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Global Ultrasonic Flow Meter Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Global Ultrasonic Flow Meter Historical Market: Breakup by Application (USD Million), 2018-2023
11. Global Ultrasonic Flow Meter Market Forecast: Breakup by Application (USD Million), 2024-2032
12. Global Ultrasonic Flow Meter Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Ultrasonic Flow Meter Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Ultrasonic Flow Meter Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Ultrasonic Flow Meter Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Ultrasonic Flow Meter Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Ultrasonic Flow Meter Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Ultrasonic Flow Meter Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Ultrasonic Flow Meter Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Ultrasonic Flow Meter Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Ultrasonic Flow Meter Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Ultrasonic Flow Meter Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Ultrasonic Flow Meter Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Major Exporting Countries by Value
25. Major Importing Countries by Value
26. Major Exporting Countries by Volume
27. Major Importing Countries by Volume
28. North America Historical Price Trends and Forecast 2018-2028
29. Europe Historical Price Trends and Forecast 2018-2028
30. Asia Pacific Historical Price Trends and Forecast 2018-2028
31. Latin America Historical Price Trends and Forecast 2018-2028
32. Middle East and Africa Historical Price Trends and Forecast 2018-2028
33. Global Ultrasonic Flow Meter Market Structure
Key Questions Answered in the Report
In 2023, the global ultrasonic flow meter market attained a value of nearly USD 2.42 billion.
The market is projected to grow at a CAGR of 6.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 4.34 billion by 2032.
The major drivers of the market include rising urbanisation and industrialisation, need for precise measurement, and the increasing product demand for ease of operation from the oil and gas, along with the rising demand for water and wastewater industries.
Rising investment in green fields in China and increasing operations for shale gas exploration are the key trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The product types include spool piece, insertion, and clamp-on.
The technological segments are transit time - single/dual path, transit time – multipath, doppler, and hybrid.
The market can be divided on the basis of its number of paths as 3-path transit time, 4-path transit time, 5- path transit time, and 6 or more path transit time.
The distribution channels for market are direct sales, independent representatives, distributors, and online.
The ultrasonic flow meter finds wide applications in natural gas, non-petroleum liquid and petroleum liquid, among others.
The major players in the market are ABB Asea Brown Boveri Ltd., Badger Maeter Inc., Emerson Electric Co., Faure Herman SA, General Electric Company (NYSE: GE), Hach company, and Honeywell International Inc, among others.
Analyst Review
The global ultrasonic flow meter market attained a value of USD 2.42 billion in 2023, driven by the rising innovations in service. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.7%. The market is projected to reach USD 4.34 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the ultrasonic flow meter industry can be segmented into spool piece, insertion, and clamp-on. On the basis of its number of paths, the industry is classified as 3-path transit time, 4-path transit time, 5- path transit time, and 6 or more path transit time. The classification based on technology are transit time - single/dual path, transit time – multipath, doppler, and hybrid. On the basis of applications, the industry is divided into natural gas, non-petroleum liquid, and petroleum liquid, among others. The distribution channels for this market are direct sales, independent representatives, distributors, and online. The major regional markets for ultrasonic flow meter are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Asea Brown Boveri Ltd., Badger Maeter Inc., Emerson Electric Co., Faure Herman SA, General Electric Company (NYSE: GE), Hach company, and Honeywell International Inc., 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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