Ultrasonic Flowmeters Market Outlook for (2023 to 2033)
The global ultrasonic flowmeters market size is estimated to reach US$ 735.5 million in 2023. Over the assessment period, global ultrasonic flowmeter sales will likely climb at 4.8% CAGR. By 2033, total market value is expected to reach around US$ 1.2 billion.
Clamp-on transducers are expected to dominate the worldwide ultrasonic flowmeters industry during the forecast period. This is due to their portable and easy installation features. The latest ultrasonic flowmeters market report analysis estimates the target segment to thrive at 4.6% CAGR through 2033.
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Key Market Highlights
Market to Expand Over 1.6X, Despite Drop in Expected CAGR
The global market for ultrasonic flowmeters is estimated to expand over 1.6X during the assessment period despite a slight drop in the predicted CAGR compared to the historical one. This is due to rapid industrial growth globally and rising need for non-invasive and accurate flow measurement devices.
High Accuracy Providing Transit-time Ultrasonic Flowmeters an Edge
Transit time ultrasonic flowmeters and doppler ultrasonic flowmeters are commonly used flow measurement devices globally. This is attributable to several advantages that these solutions offer.
Transit time ultrasonic flowmeters measure the time it takes for an ultrasound signal to travel upstream and downstream through the fluid. Doppler ultrasonic flowmeters measure an ultrasound signal's frequency shift reflected off bubbles or particles in the fluid.
Among the two types, transit-time ultrasonic flowmeters are expected to dominate the target market despite a reduced predicted CAGR. This is due to several advantages of transit time technology-based ultrasonic flowmeters.
Transit-time ultrasonic flowmeters are mostly used for clean liquids and gasses. These flowmeters can be calibrated for high accuracy. They are generally used in water & wastewater treatment, food & beverage processing, oil & gas production, HVAC systems, and other applications.
Doppler ultrasonic flowmeters are expected to witness a higher demand during the forecast period. This is due to growing usage of these flowmeters in slurries, raw wastewater, and mining applications.
United States to Remain at the Epicenter of Market Growth
With a predicted valuation of US$ 207.3 million in 2033, the United States is set to dominate the global ultrasonic flowmeters market. This is attributable to rapid growth of industries like oil & gas, mining, and food & beverage, increasing adoption of non-invasive & accurate flow measurement solutions, and strong presence of leading manufacturers.
Portable and Clamp-on Ultrasonic Flowmeters Gathering Huge Momentum
Today, industries are inclined towards using more convenient and non-invasive ultrasonic flowmeters to measure the flow of liquids and gasses. This creates a high demand for products like portable and clamp-on ultrasonic flowmeters.
Portable and clamp-on ultrasonic flowmeters are gaining wider popularity as they offer several advantages. For instance, clamp-on ultrasonic flowmeters can be installed without cutting into the pipe. Similarly, portable ultrasonic flowmeters are ideal for temporary or spot measurements.
Predicted Ultrasonic Flowmeters Market CAGR (2023 to 2033)
4.8%
Since old times, flow measurement has been a key parameter to monitor, control, and check the flow rate of fluid flowing through a channel or section. For this purpose, several types of flowmeters are used. These include mass flow meters, ultrasonic flow meters, positive-displacement flowmeters, and anemometers.
Devices that use ultrasound technology to measure the flow of fluids, including liquids and gasses, are known as ultrasonic flowmeters. These volumetric flow meters are gaining immense traction because of their high accuracy, versatility, and non-invasive nature. Their non-intrusive nature allows them to work without interfering with the flow.
Ultrasonic flowmeters have become valuable instruments for measuring fluid flow rates across diverse industries. They offer non-invasive and accurate flow measurement capabilities.
Ultrasonic flowmeters offer several advantages over conventional flow measurement methods. These include non-intrusive measurement, no moving parts, high accuracy, and minimal maintenance requirements. These advantages make them ideal for industries requiring more efficient and reliable flow measurement solutions.
Ultrasonic flowmeters are particularly useful in applications where contamination or pressure drop is a concern. Growing adoption of ultrasonic flowmeters across industries like food & beverage, water & wastewater, HVAC systems, and oil & gas is expected to drive the global ultrasonic flowmeter market forward.
Burgeoning demand for non-invasive flow measurement solutions will likely bolster ultrasonic flowmeter sales through 2033. Thanks to its non-invasive nature, ultrasonic flowmeters do not require direct contact with the fluid for measurement purposes.
Several industries opt for non-invasive technologies like ultrasonic flowmeters. This is because they allow them to avoid pressure drop, contamination, and maintenance challenges associated with traditional flow measurement methods.
As ultrasonic flowmeters eliminate the risk of contamination, they are witnessing high demand from food & beverage, pharmaceutical, oil & gas, and chemical industries. Expansion of these industries will likely uplift ultrasonic flowmeter demand over the forecast period.
Products like smart ultrasonic flowmeters are setting new standards in flow measurement. These flowmeters have sensors and communication capabilities that enable them to collect and share data remotely.
Historical Performance Vs Ultrasonic Flowmeters Market Forecast
Global sales of ultrasonic flowmeters grew at 6.4% CAGR between 2018 and 2022. Total market value reached about US$ 694.5 million. In the forecast period, the worldwide ultrasonic flowmeters industry is poised to exhibit a CAGR of 4.8%.
Historical CAGR (2018 to 2022)
6.4%
Forecast CAGR (2023 to 2033)
4.8%
During 2018 and 2022, the global ultrasonic flowmeters market witnessed robust growth. This was primarily due to high demand for reliable and non-invasive flow measurement devices and the expansion of water & wastewater infrastructure.
As ultrasonic flowmeters do not need contact with the measured fluid, they eliminate the risk of contamination. This prompted end users during the historical period to install them, and the trend is likely to continue in the upcoming years.
Several factors are expected to stimulate growth in the ultrasonic flowmeters industry in the forecast period. These include rising demand for accurate and non-invasive water flow measurement devices and expansion of industries like oil & gas, power generation, food & beverage, and water & wastewater.
Ultrasonic flowmeters are extremely reliable and accurate for flow measurements. This makes them a popular choice for process control applications in various industries.
Flow measurement solution demand is also growing due to increased water scarcity and high need for efficient water management. Countries are expanding their water and wastewater treatment infrastructure to improve water quality and comply with regulations and standards. This is likely to uplift ultrasonic flowmeter demand.
The exponential growth of the oil & gas industry worldwide is forecast to boost ultrasonic flowmeter sales. This is because they are widely used for applications like custody transfer, production monitoring, and pipeline monitoring.
Growing need for measuring crude oil from extraction to production facilities is creating a high demand for ultrasonic flowmeters. Several existing oil refineries are focusing on upgradation and modernization of refineries. This will boost the target market further.
Rising adoption of automation in diverse industries is anticipated to fuel sales of ultrasonic flowmeters. These flowmeters can be easily incorporated into automated systems to improve efficiency and reduce costs.
Increasing demand for renewable energy sources like solar and wind power is forecast to create growth prospects for ultrasonic flowmeter manufacturers. Ultrasonic flow meters are increasingly used to monitor and measure the flow of fluids in renewable energy systems.
Developing new hybrid and portable ultrasonic flowmeters is anticipated to boost the target market further. Manufacturers are developing new technologies to enhance the accuracy and reliability of their products. With these factors, the latest ultrasonic flowmeters market analysis estimates total revenues to reach US$ 1.2 billion by 2033.
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Key Ultrasonic Flowmeters Market Trends and Growth Drivers
Rising demand for advanced flow measuring technologies is expected to boost the ultrasonic flowmeters market
Non-invasive nature and high accuracy of ultrasonic flowmeters in taking measurements are anticipated to encourage their adoption
Increasing oil and shale gas exploration and drilling activities are anticipated to fuel demand for ultrasonic flowmeters
Availability of a wide range of flow meters is projected to impact the ultrasonic flowmeters market
Growing popularity of portable and smart ultrasonic flowmeters and high adoption in automated systems are key ultrasonic flowmeters market trends
Expansion of related markets like the doppler ultrasonic flow meter market is expected to create growth prospects for ultrasonic flow meter manufacturers
Rising number of water & wastewater treatment facilities to generate high demand for ultrasonic flow meters
Increasing penetration of automation and smart technologies is set to foster market growth
Ultrasonic Flowmeters Market Opportunities
Rapid industrial growth, especially across emerging nations, is expected to create opportunities for ultrasonic flowmeter manufacturers
Growing awareness about the advantages of ultrasonic flowmeters over other types of flowmeters is set to create growth prospects for the market
New product launches by key ultrasonic flowmeter companies will bode well for the market
Increasing investments in green fields across several regions are expected to present revenue-generation opportunities for ultrasonic flowmeter manufacturers
Key Challenges in the Ultrasonic Flowmeters Market
Ultrasonic flowmeters are relatively expensive, which is restraining market growth
Inability to work in certain high-pressure and high-temperature applications might also limit market expansion
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Comparative View of the Ultrasonic Flowmeters Market
The global ultrasonic flowmeters industry will likely be impacted by the tangential or peer markets in the technology division. These include other markets, such as the ultrasonic sensors market and ultrasonic NDT equipment market. Analysis of these related markets can help companies to get an in-depth analysis of the ultrasonic flowmeters market.
Ultrasonic Flowmeters Market:
Attributes
Ultrasonic Flowmeters Industry
CAGR (2023 to 2033)
4.8%
Market Value (2023)
US$ 735.5 million
Growth Factor
Growing adoption across industries like food & beverage, water & wastewater, and oil & gas is expected to drive the global ultrasonic flowmeters market.
Key Trend
Surging popularity of smart ultrasonic flowmeters is a key trend impacting the market growth.
Ultrasonic NDT Equipment Market:
Attributes
Ultrasonic NDT Equipment Market
CAGR (2023 to 2033)
7.5%
Market Value (2023)
~US$ 20.81 billion
Growth Factor
Rising industrial activities worldwide are providing impetus for the growth of the ultrasonic NDT equipment market.
Key Trend
Continuous advancements in ultrasonic NDT technologies will likely improve the share of the global ultrasonic NDT equipment market.
Ultrasonic Sensors Market:
Attributes
Ultrasonic Sensors Market
CAGR (2023 to 2033)
12.0%
Market Value (2023)
US$ 5754.6 million
Growth Factor
Increasing usage of ultrasonic sensors for applications like object detection, anti-collision detection, and liquid level measurement is expected to boost the market.
Key Trend
High adoption in robotics is likely to fuel demand for ultrasonic sensors through 2033.
Country-wise Insights
The table below highlights key countries’ ultrasonic flowmeters market revenue. China, the United States, and Japan are the three key markets for ultrasonic flowmeters, with expected valuations of US$ 177.2 million, US$ 207.3 million, and US$ 135.0 million, respectively, in 2033.
Countries like India, Korea, and the United Kingdom are also expected to present lucrative opportunities for ultrasonic flowmeter manufacturers. This is attributable to rapid industrial growth and rising popularity of non-invasive flow measurement solutions.
Countries
Market Value (2033)
United States
US$ 207.3 million
United Kingdom
US$ 43.1 million
China
US$ 177.2 million
Japan
US$ 135.0 million
South Korea
US$ 66.0 million
Below table shows the estimated ultrasonic flowmeters market growth rates of top five countries. China, South Korea, and Japan are set to record higher CAGRs of 5.4%, 6.1%, and 6.0% respectively through 2033.
Countries
Projected Ultrasonic Flowmeters Market CAGR (2023 to 2033)
United States
4.9%
United Kingdom
5.0%
China
5.4%
Japan
6.0%
South Korea
6.1%
The table below highlights the top five countries’ historical market growth rates. With CAGRs of 8.0%, 7.4%, and 9.0%, respectively, Japan, the United Kingdom, and South Korea were the key markets for ultrasonic flowmeters between 2018 and 2022.
Countries
Historical Ultrasonic Flowmeters Market CAGR (2018 to 2022)
United States
6.7%
United Kingdom
7.4%
China
7.2%
Japan
8.0%
South Korea
9.0%
Rising Oil & Gas Activities Driving Sales in the United States
The United States ultrasonic flowmeters market size is anticipated to reach around US$ 207.3 million by 2033. Overall, ultrasonic flowmeter sales in the United States are predicted to surge at 4.9% CAGR.
Several factors are expected to drive sales of ultrasonic flowmeters in the United States. These include rising oil & gas activities, implementing stringent environmental regulations, and growing need for advanced flow measurement solutions.
In recent years, there has been a dramatic increase in oil & gas activities across the United States. For instance, as per the USA Energy Information Administration (EIA), the United States' oil production reached 11.2 million barrels daily in December 2020.
The sharp rise in oil & gas activities is expected to fuel demand for ultrasonic flowmeters in the United States. These flow measurement devices are often used in the oil & gas industry for production monitoring, custody transfer, and pipeline monitoring.
The United States government and other regulatory bodies are implementing strict regulations related to water & wastewater, energy efficiency, and emissions monitoring. This is expected to power up sales of ultrasonic flowmeters as they are used in compliance monitoring and environmental applications.
Rising adoption of smart ultrasonic flowmeters across several industries is expected to improve the United States ultrasonic flowmeters market share through 2033. With these dynamics, the United States will likely retain its dominance in the global market.
Growing Demand for Non-invasive Flow Measurement to Boost China
China ultrasonic flowmeters market value is projected to total US$ 177.2 million by 2033. In the forecast period, ultrasonic flowmeters market demand in China is set to rise at 5.4% CAGR.
The ultrasonic flowmeters industry in China is expected to record steady growth through 2033. This is attributable to rapid industrial growth, heavy presence of leading ultrasonic flowmeter manufacturers, and surging demand for non-invasive flow measurement.
Industries across China are interested in using non-invasive technologies to avoid contamination, pressure drop, and maintenance challenges of conventional flow measurement devices. Thanks to their non-invasive nature, this is expected to fuel demand for ultrasonic flowmeters.
Flow measurement solutions, such as portable and clamp-on ultrasonic flowmeters, are becoming popular across China. This is due to their several advantages over traditional flowmeters.
Rapid penetration of industrialization and urbanization is also creating a high demand for ultrasonic flowmeters. These flow measurement devices are used in various industries, ranging from oil & gas and chemicals to water & wastewater and power generation.
Increasing Energy Efficiency Initiatives Driving Demand in the United Kingdom
As per the latest analysis, the United Kingdom ultrasonic flowmeters market is forecast to be valued at US$ 43.1 million in 2033. Demand for ultrasonic flowmeters in the country will likely increase at 5.0% CAGR during the assessment period.
The United Kingdom market is set to thrive steadily over the forecast period. This is attributable to rising energy efficiency initiatives and rapid expansion of the renewable energy sector.
Increasing energy efficiency initiatives in industrial and commercial sector is acting as a catalyst fueling ultrasonic flowmeter demand in the United Kingdom. These solutions are increasingly used to monitor and optimize energy consumption in industrial processes and HVAC systems.
Escalating demand for renewable energy sources like wind and solar power is another prominent factor expected to fuel ultrasonic flowmeter sales in the country. This is because these flowmeters are widely used in renewable energy systems to monitor and measure the flow of liquids.
Growing Adoption of Industrial Automation Triggering Sales in Japan
Japan ultrasonic flowmeters industry is poised to exhibit a CAGR of 6.0% during the assessment period. Historically, ultrasonic flowmeter sales in the country grew at 8.0% CAGR. By 2033, Japan is expected to attain a valuation of US$ 135.0 million.
Japan's ultrasonic flow meters market is forecast to expand rapidly due to several factors. These include rising adoption of industrial automation and increasing demand for accurate flow measurement solutions.
As industries across Japan continue to adopt automation and control systems, demand for accurate and real-time flow measurement data is rising. This is set to bolster sales of ultrasonic flowmeters.
Ultrasonic flowmeters are becoming suitable for integration into automated processes. This is due to their ability to provide precise measurements. These flow measurement devices can help to optimize manufacturing processes and improve efficiency.
Expansion of Wastewater Infrastructure to Uplift Demand in South Korea
South Korea is projected to register a CAGR of 6.1% during the assessment period compared to the 9.0% CAGR recorded from 2018 to 2022. By 2033, total market valuation in the country is set to reach US$ 66.0 million.
Multiple factors are expected to spur growth in South Korea ultrasonic flowmeters industry. These include expansion of water & wastewater infrastructure and availability of technologically advanced flow measurement instruments.
The Korean government is investing heavily in water and wastewater infrastructure development. This is expected to create demand for ultrasonic flowmeters, which play a key role in water treatment and distribution systems.
High penetration of Industry 4.0 and growing usage of non-intrusive flow measurement solutions in retrofitting applications are anticipated to improve Korea's ultrasonic flowmeters market share further. Hence, it will likely remain a lucrative market for manufacturers.
Ultrasonic Flowmeter Market Insights Based on Category
Below section shows the clamp-on segment dominating the market based on transducer type. It is expected to progress at a 4.6% CAGR between 2023 and 2033.
The transit-time segment is projected to hold a prominent market share based on technology. It is anticipated to thrive at a CAGR of 4.5% during the forecast period.
Portability and Easy Installation of Clamp-on Transducers to Fuel Demand
Top Segment (Transducer Type)
Clamp-on
Predicted CAGR (2023 to 2033)
4.6%
The ultrasonic flowmeters market by transducer type is categorized into clamp-on, inline, spool piece, and others. Among these, clamp-on transducers are expected to remain a highly sought-after type through 2033. This is due to rising importance of clamp-on transducers in non-invasive ultrasonic flow measurement systems.
As per the latest report, the clamp-on segment is anticipated to thrive at 4.6% CAGR during the forecast period. Historically, the target segment registered a CAGR of 6.2%.
Clamp-on ultrasonic transducers are sensors used in ultrasonic flowmeters and other measurement applications. They are designed to be attached to the outside of the pipe without the need for direct contact with the fluid.
Clamp-on transducers are versatile and can be used with different pipe sizes and materials. This makes them suitable for retrofitting existing pipelines and non-invasive flow measurement.
The portability, cost-effectiveness, and easy installation nature of clamp-on transducers make them popular globally. These transducers are portable and often require less time for installation.
Growing usage of clamp-on transducers in non-invasive flow measurement systems, including ultrasonic flowmeters, is expected to boost the target segment. Similarly, the rising popularity of clamp-on ultrasonic flowmeters will foster segment growth due to their several benefits.
Amid soaring popularity of clamp-on ultrasonic flowmeters, a steady growth rate has been predicted for the global clamp-on ultrasonic flowmeters market in the upcoming years. This is expected to boost further the clamp-on segment of the global ultrasonic flow meter market.
High Accuracy and Non-invasive Nature make Transit-time a Popular Technology
Top Segment (Technology)
Transit-time
Predicted CAGR (2023 to 2033)
4.5%
The ultrasonic flowmeters market by technology is segmented into transit-time, hybrid, and doppler. Among these, the transit-time segment is forecast to lead the ultrasonic flow meters market, accounting for a dominant share by 2033.
Historically, transit-time segment exhibited a CAGR of 6.0%. The same segment is projected to thrive at a CAGR of 4.5% during the assessment period. This is due to growing usage of transit-time ultrasonic flowmeters in several applications.
Transit time ultrasonic flowmeters are gaining wider popularity because of their high accuracy, versatility, and non-invasive nature. They measure the time it takes for an ultrasound signal to travel upstream and downstream through the fluid.
Transit time ultrasonic flowmeters are used in a wide range of applications. These include chemical processing, HVAC systems, water & wastewater treatment, oil & gas production, and food & beverage processing. High usage in these applications is expected to boost the target segment.
Ultrasonic Flowmeters Market Competition
Key manufacturers of ultrasonic flowmeters listed in the ultrasonic flow meter market report include Badger Meter, Inc., CMC Technologies Pty Limited, Bronkhorst High-Tech B.V., Eastern Energy Services Pte Ltd, Danfoss A/S, Eastech Flow Controls, ELIS PLZEN a. s., and Emerson Electric Company.
These prominent ultrasonic flowmeter companies constantly upgrade their portfolios by launching new and enhanced solutions. They also employ mergers, partnerships, acquisitions, agreements, collaborations, and alliances to strengthen their global footprint.
Recent Developments in Ultrasonic Flowmeters Market:
In August 2023, Fuji Electric introduced the new FSZ S-Flow, its latest clamp-on ultrasonic flow meter for liquids in small pipes. The new S-Flow ultrasonic flow meter simultaneously displays percentage and volumetric flow at an affordable cost.
In May 2023, SONOTEC unveiled a new generation of its high accuracy clamp-on flow meter called SONOFLOW CO.55 V 3.0. The new non-contact flow meters are designed to improve efficiency and reproducibility throughout downstream and upstream processes in biotech applications.
In June 2023, SICK expanded its portfolio by introducing FLOWSIC550, a new high pressure gas flow meter for natural gas distribution.
In January 2023, Badger Meter, Inc. improved its smart water capabilities with the acquisition of Syrinix, a leading provider of intelligent water monitoring solutions.
In April 2020, a new UltraSonic Flow Meter for steam was introduced by Fuji Electric Corp. of America.
In November 2020, Badger Meter acquired s::can GmbH to expand its smart water offerings.
Ultrasonic Flowmeters Market Scope
Attribute
Details
Estimated Market Value (2023)
US$ 735.5 million
Projected Market Value (2033)
US$ 1.2 billion
Expected Growth Rate (2023 to 2033)
4.8% CAGR
Historical Data
2018 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Revenue in US$ Million, Volume (Units), and CAGR from 2023 to 2033
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Transducer Type, Technology, Application, and Region
Regions Covered
North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Companies Profiled
Badger Meter, Inc
Bronkhorst High-Tech B.V.
CMC Technologies Pty Limited
Danfoss A/S
Eastech Flow Controls
Eastern Energy Services Pte Ltd
ELIS PLZEN a. s.
Emerson Electric Company
Segmentation in Ultrasonic Flowmeters Market Research Report
By Transducer Type:
Clamp-On
Inline
Spool Piece
Other Transducer Types
By Technology:
Transit-time
Hybrid
Doppler
By Application:
Oil & Gas
Water & Wastewater Management
Chemical
Pharmaceuticals
Power Generation
Other Applications
By Region:
North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia and Pacific
Middle East and Africa
Frequently Asked Questions
What was the ultrasonic flowmeters market size in 2022?
The global market size reached US$ 694.5 million in 2022.
How big is the ultrasonic flowmeters market?
The global market value is estimated to total US$ 735.5 million in 2023.
What is the projected size of the ultrasonic flowmeters industry in 2033?
By 2033, the market size is expected to reach US$ 1.2 billion.
What value CAGR did the target market exhibit from 2018 to 2022?
The global market registered a CAGR of 6.4% from 2018 to 2022.
What is the demand outlook for ultrasonic flowmeters?
Global demand is expected to rise at 4.8% CAGR through 2033.
What is the key trend in the ultrasonic flowmeters market?
Adoption of portable and smart ultrasonic flowmeters is a key trend in the market.
Which is the most commonly used transducer type?
Thriving at 4.6% CAGR, clamp-on transducers will likely remain most popular type.
What are the most accurate flowmeters?
Ultrasonic flowmeters and anemometers are few of the accurate flowmeters.
How accurate are ultrasonic flowmeters?
Ultrasonic flowmeters are highly accurate and reliable.
Which country leads the ultrasonic flowmeters market?
With US$ 207.3 million valuation in 2033, the United States is set to dominate the global market.
Who are the key players in ultrasonic flowmeters market?
Badger Meter, Inc and Bronkhorst High-Tech B.V. are among few market leaders.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Transducer Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Transducer Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Transducer Type, 2023 to 2033
5.3.1. Clamp-On
5.3.2. Inline
5.3.3. Spool Piece
5.3.4. Other Transducer Types
5.4. Y-o-Y Growth Trend Analysis By Transducer Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Transducer Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033
6.3.1. Transit-time
6.3.2. Hybrid
6.3.3. Doppler
6.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
7.3.1. Oil & Gas
7.3.2. Water & Wastewater Management
7.3.3. Chemical
7.3.4. Pharmaceuticals
7.3.5. Power Generation
7.3.6. Other Applications
7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. United States
9.2.1.2. Canada
9.2.2. By Transducer Type
9.2.3. By Technology
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Transducer Type
9.3.3. By Technology
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Transducer Type
10.2.3. By Technology
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Transducer Type
10.3.3. By Technology
10.3.4. By Application
10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Transducer Type
11.2.3. By Technology
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Transducer Type
11.3.3. By Technology
11.3.4. By Application
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Transducer Type
12.2.3. By Technology
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Transducer Type
12.3.3. By Technology
12.3.4. By Application
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Transducer Type
13.2.3. By Technology
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Transducer Type
13.3.3. By Technology
13.3.4. By Application
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Transducer Type
14.2.3. By Technology
14.2.4. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Transducer Type
14.3.3. By Technology
14.3.4. By Application
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of Middle East & Africa
15.2.2. By Transducer Type
15.2.3. By Technology
15.2.4. By Application
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Transducer Type
15.3.3. By Technology
15.3.4. By Application
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. United States
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Transducer Type
16.1.2.2. By Technology
16.1.2.3. By Application
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Transducer Type
16.2.2.2. By Technology
16.2.2.3. By Application
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Transducer Type
16.3.2.2. By Technology
16.3.2.3. By Application
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Transducer Type
16.4.2.2. By Technology
16.4.2.3. By Application
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Transducer Type
16.5.2.2. By Technology
16.5.2.3. By Application
16.6. United Kingdom
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Transducer Type
16.6.2.2. By Technology
16.6.2.3. By Application
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Transducer Type
16.7.2.2. By Technology
16.7.2.3. By Application
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Transducer Type
16.8.2.2. By Technology
16.8.2.3. By Application
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Transducer Type
16.9.2.2. By Technology
16.9.2.3. By Application
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Transducer Type
16.10.2.2. By Technology
16.10.2.3. By Application
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Transducer Type
16.11.2.2. By Technology
16.11.2.3. By Application
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Transducer Type
16.12.2.2. By Technology
16.12.2.3. By Application
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Transducer Type
16.13.2.2. By Technology
16.13.2.3. By Application
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Transducer Type
16.14.2.2. By Technology
16.14.2.3. By Application
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Transducer Type
16.15.2.2. By Technology
16.15.2.3. By Application
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Transducer Type
16.16.2.2. By Technology
16.16.2.3. By Application
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Transducer Type
16.17.2.2. By Technology
16.17.2.3. By Application
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Transducer Type
16.18.2.2. By Technology
16.18.2.3. By Application
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Transducer Type
16.19.2.2. By Technology
16.19.2.3. By Application
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Transducer Type
16.20.2.2. By Technology
16.20.2.3. By Application
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Transducer Type
16.21.2.2. By Technology
16.21.2.3. By Application
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Transducer Type
16.22.2.2. By Technology
16.22.2.3. By Application
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Transducer Type
16.23.2.2. By Technology
16.23.2.3. By Application
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Transducer Type
17.3.3. By Technology
17.3.4. By Application
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Badger Meter, Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Bronkhorst High-Tech B.V.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. CMC Technologies Pty Limited
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Danfoss A/S
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Eastech Flow Controls
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Eastern Energy Services Pte Ltd.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. ELIS PLZEN a. s.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Emerson Electric Company
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Endress+Hauser Management AG
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Fuji Electric Co., Ltd.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. General Electric Company
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
18.1.12. Honda Electronics Co., Ltd.
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.12.5.2. Product Strategy
18.1.12.5.3. Channel Strategy
18.1.13. iCenta Controls Ltd.
18.1.13.1. Overview
18.1.13.2. Product Portfolio
18.1.13.3. Profitability by Market Segments
18.1.13.4. Sales Footprint
18.1.13.5. Strategy Overview
18.1.13.5.1. Marketing Strategy
18.1.13.5.2. Product Strategy
18.1.13.5.3. Channel Strategy
18.1.14. KROHNE Messtechnik GmbH
18.1.14.1. Overview
18.1.14.2. Product Portfolio
18.1.14.3. Profitability by Market Segments
18.1.14.4. Sales Footprint
18.1.14.5. Strategy Overview
18.1.14.5.1. Marketing Strategy
18.1.14.5.2. Product Strategy
18.1.14.5.3. Channel Strategy
18.1.15. Schlumberger Ltd.
18.1.15.1. Overview
18.1.15.2. Product Portfolio
18.1.15.3. Profitability by Market Segments
18.1.15.4. Sales Footprint
18.1.15.5. Strategy Overview
18.1.15.5.1. Marketing Strategy
18.1.15.5.2. Product Strategy
18.1.15.5.3. Channel Strategy
18.1.16. Siemens AG
18.1.16.1. Overview
18.1.16.2. Product Portfolio
18.1.16.3. Profitability by Market Segments
18.1.16.4. Sales Footprint
18.1.16.5. Strategy Overview
18.1.16.5.1. Marketing Strategy
18.1.16.5.2. Product Strategy
18.1.16.5.3. Channel Strategy
18.1.17. Tokyo Keiki, Inc.
18.1.17.1. Overview
18.1.17.2. Product Portfolio
18.1.17.3. Profitability by Market Segments
18.1.17.4. Sales Footprint
18.1.17.5. Strategy Overview
18.1.17.5.1. Marketing Strategy
18.1.17.5.2. Product Strategy
18.1.17.5.3. Channel Strategy
18.1.18. Tokyo Keiso Co., Ltd.
18.1.18.1. Overview
18.1.18.2. Product Portfolio
18.1.18.3. Profitability by Market Segments
18.1.18.4. Sales Footprint
18.1.18.5. Strategy Overview
18.1.18.5.1. Marketing Strategy
18.1.18.5.2. Product Strategy
18.1.18.5.3. Channel Strategy
18.1.19. Total Temperature Instrumentation, Inc. (Instrumart)
18.1.19.1. Overview
18.1.19.2. Product Portfolio
18.1.19.3. Profitability by Market Segments
18.1.19.4. Sales Footprint
18.1.19.5. Strategy Overview
18.1.19.5.1. Marketing Strategy
18.1.19.5.2. Product Strategy
18.1.19.5.3. Channel Strategy
18.1.20. Yokogawa Electric Corporation
18.1.20.1. Overview
18.1.20.2. Product Portfolio
18.1.20.3. Profitability by Market Segments
18.1.20.4. Sales Footprint
18.1.20.5. Strategy Overview
18.1.20.5.1. Marketing Strategy
18.1.20.5.2. Product Strategy
18.1.20.5.3. Channel Strategy
19. Assumptions & Acronyms Used20. Research Methodology
