Flow Meter Market Poised To Reach USD 15.68 Billion By 2032, Driven By Technological Advancements And Industry Demand | Research By SNS Insider

(MENAFN- GlobeNewsWire - Nasdaq) The surge in the Flow Meter Market is primarily attributed to the integration of smart technologies and the escalating need for precise flow measurement across industries such as oil & gas, water & wastewater, and power generation.

Austin, April 07, 2025 (GLOBE NEWSWIRE) -- The SNS Insider report indicates that the Flow Meter Market was estimated at USD 9.21 billion in 2023 and is expected to reach USD 15.68 billion by 2032, with a growing CAGR of 6.09% over the forecast period 2024-2032. The Flow Meter Market is experiencing significant growth, fueled by advancements in smart flow measurement technologies and increasing demand across various industries. As industries prioritize accuracy and efficiency, the adoption of innovative flow meters is becoming essential for operational optimization and regulatory compliance.​

The U.S. Flow Meter Market is projected to grow steadily, with a CAGR of 6.16% from 2023 to 2032. The market value is expected to increase from USD 1.21 billion in 2023 to USD 2.07 billion in 2032, driven by rising demand across industries such as oil & gas, water & wastewater, and power generation. The adoption of smart flow meters with IoT and AI integration is accelerating, enhancing real-time monitoring and operational efficiency.​

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Key Players:

• Krohne Messtechnik GmbH (Magnetic, Ultrasonic, Coriolis, Vortex)
• Hitachi High-Tech Corporation (Ultrasonic, Coriolis, Magnetic)
• Yokogawa Electric Corporation (Differential Pressure, Coriolis, Magnetic, Vortex)
• General Electric (GE) (Ultrasonic, Turbine, Coriolis)
• HÖNTZSCH GMBH & CO. KG (Vortex, Ultrasonic, Turbine)
• Emerson Electric Corporation (Coriolis, Magnetic, Ultrasonic, Differential Pressure)
• Endress+Hausar AG (Coriolis, Magnetic, Vortex, Ultrasonic)
• Siemens (Magnetic, Ultrasonic, Differential Pressure)
• ABB Ltd. (Coriolis, Magnetic, Vortex, Ultrasonic)
• Honeywell International Inc. (Differential Pressure, Ultrasonic, Coriolis)
• em-tec GmbH (Ultrasonic, Non-invasive Flow Meters)
• Badger Meter, Inc. (Positive Displacement, Magnetic, Ultrasonic)
• Bronkhorst High-Tech B.V. (Coriolis, Thermal Mass Flow Meters)
• Schneider Electric (Magnetic, Ultrasonic, Vortex)
• OMEGA Engineering, Inc. (Turbine, Vortex, Magnetic)
• SICK AG (Ultrasonic, Vortex, Coriolis)
• Fuji Electric Co., Ltd. (Ultrasonic, Magnetic, Vortex)
• Azbil Corporation (Differential Pressure, Vortex, Ultrasonic)
• McCrometer, Inc. (Magnetic, Vortex, Propeller Flow Meters)
• Toshiba Corporation (Magnetic, Ultrasonic, Vortex)

Flow Meter Market Report Scope:

Report Attributes	Details
Market Size in 2023	USD 9.21 Billion
Market Size by 2032	USD 15.68 Billion
CAGR	CAGR of 6.09% From 2024 to 2032
Base Year	2023
Forecast Period	2024-2032
Historical Data	2020-2022
Report Scope & Coverage	Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments	. By Product (Differential Pressure (DP), Positive Displacement (PD), Magnetic (Wired, Wireless), Ultrasonic, Coriolis, Turbine, Vortex, Others) . By Type (Electric, Solar, Battery Powered) . By Application (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverage, Others) . By Size (Pipe Size (2 inches, 4 inches, 6 inches, More than 6 inches))
Key Drivers	. Demand for real-time measurement, Industry 4.0 adoption, regulatory compliance, and growth in ultrasonic and Coriolis meters despite cost and maintenance factors.

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Key Market Segments Driving Growth in the Flow Meter Industry: Innovations and Expanding Applications Fuel Market Expansion

By Product:

The Magnetic segment led the market with a 32% share in 2023, owing to widespread applications across various industries. Magnetic flow meters are used widely in water & wastewater treatment as well as in industries such as chemical processing and food & beverage, due to their high accuracy, low maintenance, and ability to measure conductive fluids. The consistent and accurate readings offered by these devices ensure smooth operations in almost any environment, which is why they are popular across sectors that require precision in measuring fluids. Moreover, being non-intrusive, there is no chance of contaminating the process, which is very much essential in food processing applications. The segment also benefited from a growing need for compact and efficient water management solutions, coupled with the increasing level of industrial automation expected to drive its dominance in the flow meter market. ​

By Type:

The battery-powered segment held a 48% market share in 2023, due to its penetration in major end-user industries. These types of flow meters are gaining widespread acceptance in oil & gas, water & wastewater, and chemical processing due to their portability, ease of installation, and ability to operate without external power sources. They are also well suited for industries that require continuous and reliable flow monitoring, due in part to their low maintenance requirements and ability to operate in remote or hazardous locations. Moreover, other factors driving the segment include improvements in battery life and energy-efficient sensors. This trend is expected to result in a strong demand for flow meters in the future as the industries are focusing on wireless and smart monitoring systems. ​

By Application:

The power generation segment led the market with a 34% share in 2023, driven by the important function of optimizing the flow of fluids within facilities at power plants. In thermal, nuclear, and renewable power plants, flow meters are crucial for monitoring the flow of cooling water, steam, and fuel. They said the efficiency improvement, energy losses reduction, and safe operation. The rapid growth of clean energy generation and demand for enhanced power plant efficiency has compelled industries to pay heavily for factor flow monitoring solutions. In addition, the flow meter market in this sector has witnessed significant growth as a result of stringent government regulations regarding energy efficiency and emissions. This segment is also witnessing growth because of the shift toward smart grids and digital monitoring of power plants. ​

By Size:

The 2-inch pipe size segment held a 43% market share in 2023, due to its extensive application in water & wastewater, oil & gas, and chemical industries. The 14-inch pipe size is preferred for applications in the medium-scale industrial range where there's a balance between cost and flow. In turn, it can be applied within the water sector in distribution networks, treatment plants, and metering applications. It is used by the oil & gas industry for the measurement of fuel, lubricants, and other process fluids, and in chemical processing - the quantity of corrosive and non-corrosive fluids is measured accurately. With the growing emphasis on industrial automation, infrastructure development, and compliance with regulations, the demand for 2-inch flow meters in numerous industries has only grown stronger. ​

Europe Leads Flow Meter Market with 36% Share, While Asia-Pacific Emerges as Fastest-Growing Region.

In 2023, Europe led the Flow Meter Market with a market share exceeding 36%, mainly contributed by strict Environmental regulations that led to precise flow monitoring throughout various industries, including the environment. These regulations highlighted the importance of precise flow rate measurements to meet emission control and resource optimization requirements. Furthermore, the rising integration of high-accuracy and intelligent flow meters for enhanced operational efficiency has had a positive impact on market growth. Key contributing industries, including but not limited to water and wastewater, oil & gas, and chemical processing, installed advanced flow meter designs to improve sustainability and reduce losses. Moreover, the increasing emphasis on digitalization and IoT-enabled flow meters nurtured the EU countries' market position over other competitors. ​

Asia-Pacific is experiencing the fastest growth in the Flow Meter Market due to rapid industrialization and urbanization. Drivers of demand for sophisticated flow metering solutions include growing sectors like oil and gas, water treatment, and manufacturing. Government-led campaigns that encourage energy efficiency and waste reduction are also driving adoption, as sectors look to meet regulatory obligations. Increasingly, smart flow meters are equipped with IoT and real-time monitoring capacity in some of the key economies such as China, India, and Japan. Significant opportunities exist for market expansion in these countries due to their massive investments in smart water management and industrial automation infrastructure development. However, the region is likely to remain on a solid growth path, in all likelihood for the foreseeable future.

Table of Contents – Major Key Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

6. Competitive Landscape

7. Flow Meter Market Segmentation, By Product

8. Flow Meter Market Segmentation, By Type

9. Flow Meter Market Segmentation, By Application

10. Flow Meter Market Segmentation, By Size

11. Regional Analysis

12. Company Profiles

13. Use Cases and Best Practice

14. Conclusion

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