Ultrasonic Flow Meter Market Expectations & Growth Trends Highlighted Until 2029: FMI

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Research Reports

Posted By Uma Rajagopal

Posted on January 6, 2022

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Ultrasonic Flow Meter Market Introduction

Ultrasonic flow meters measure the velocity of a fluid with ultrasound to calculate the volume flow. Transmission flow meter, open-channel flow meter, and Doppler flow meter are three types of ultrasonic flow meters.

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Ultrasonic flow meters are used to measure liquids that allow passing of the ultrasonic waves such as molten, water, sulfur, chemicals, and cryogenic liquids. Ultrasonic flow meters are finding wide application across industries such as water and wastewater, oil and gas, chemicals, power, pharmaceutical, food and beverages, pulp and paper, and metals and mining.

Manufacturers in the ultrasonic flow meter market are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic merger and acquisitions and technological innovations are also the key focus areas of the manufacturers.

Ultrasonic Flow Meter Market- Competitive Landscape

Titan Enterprises has introduced new software functionality for its MetraFlow and Atrato ultrasonic flow meters to provide customers to move the measurement window to ensure measuring at the optimal point of signal.
TASI Group has acquired Sierra Instruments and ONICON. The products offered by ONICON include ultrasonic flow meters, turbine flow meters, energy meters, airflow meters, transmitters and sensors. While Sierra Instruments offers liquid, gas and steam flow meters, flow and level switches, digital mass flow meters and controllers and flow calibrators.

Honeywell International Inc.

Established in 1906, Honeywell International Inc. is located in the US. The company provides consumer and commercial products, aerospace systems, and engineering services. It also provides automotive products, turbochargers, process technology for petrochemical and refineries, advanced materials, and energy efficient solutions and products.

Schneider Electric SE

Founded in 1836, Schneider Electric SE is located in France. The company manufactures automation and energy management solutions. It operates through four businesses including medium voltage, low voltage, industrial automation, and secure power. In 2018, Schneider Electric acquired electrical and automation business from Larsen & Toubro in India.

Cameron International Corporation

Founded in 1920, Cameron International Corporation is located in the US. The company provides processing, pressure control, flow control, compression systems along with the aftermarket services and project management for oil and gas and process industries. The company also provides offshore and onshore platform wellhead system and processing solutions including actuators, valves and chokes.

Endress+Hauser AG

Established in 1953, Endress+Hauser AG is located in Switzerland. The company provides measurement instruments, automation solutions, and services for the industrial processing engineering in Asia Pacific, Africa, Europe, the Americas, and the Middle East. The company also offers flow metering, field network engineering, analytical solutions, and plant asset management solutions.

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Ultrasonic Flow Meter Market Dynamics

Upgradation and Modernization of Refineries to Propel Demand for Ultrasonic Flow Meters

Ultrasonic flow meters are extensively used in the oil refineries, especially in crude oil metering. The need to measure crude oil at various steps during its movement from extraction to the production facility is driving demand for ultrasonic flow meters. Moreover, existing oil refineries are increasingly focusing on upgradation and modernization of refineries which will result in the growing demand for ultrasonic flow meters.

Developing nations across the globe are increasingly investing in the development of refineries. For instance, BPCL, EIL, IOC, and HPCL have announced developing the biggest refinery in India on the west coast which is projected to cost US$ 30 billion. Rise in the capacity of refineries in developing countries is likely to boost the demand for ultrasonic flow meters.

Manufacturers Developing Portable and Handheld Ultrasonic Flow Meters

Manufacturers in the ultrasonic flow meter market are focusing on providing industry-the specific solutions. New ultrasonic flow meters are being developed with the features as per the requirement of specific industry. Meanwhile, handheld ultrasonic flow meters are finding wide application in measuring dirty fluids and slurries for the chemical, water treatment, and food processing industries.

Manufacturers are also focusing on developing portable ultrasonic flow meters using both transit time and Doppler technologies to measure flow and velocity of liquids. These portable ultrasonic flow meters are witnessing huge demand from the petrochemical and refinery industries to carry survey work in remote locations. Meanwhile, in recent years, solar-powered ultrasonic flow meters have also gained traction owing to the increasing disparities between the demand and supply of electricity.

Availability of Broad Range of Flow Meters to Impact Ultrasonic Flow Meter Market

One of the key factors impacting the growth of the ultrasonic flow meter market is the availability of a wide range of flow meters used across various industries. Moreover, manufacturers in various industries who are using traditional flow meters are avoiding bearing the possible risk and switch to the latest flow meter technologies. This attitude of manufacturers is restraining the adoption and growth of ultrasonic flow meters. However, manufacturers in the ultrasonic flow meter market are focusing on showing the benefits of using ultrasonic flow meters across industries.

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The report on the ultrasonic flow meter market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global ultrasonic flow meter market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with ultrasonic flow meter market attractiveness as per segments. The report also maps the qualitative impact of various factors on ultrasonic flow meter market segments and geographies.

Ultrasonic Flow Meter Market Segmentation

Based on the type, the ultrasonic flow meter market is segmented into

Insertion
Clamp-On
Inline

Based on the technology, the ultrasonic flow meter market is segmented into

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

Based on the fluid type, the ultrasonic flow meter market is segmented into

Gas
Petroleum Liquids
Non-petroleum Liquids
Steam

Based on the number of paths, the ultrasonic flow meter market is segmented into

3-path transit time
4-path transit time
5-path transit time
6 or more paths transit time

Based on the supply channels, the ultrasonic flow meter market is segmented into

Independent Representatives
Direct Sales
E-Business
Distributors

Based on the customer type, the ultrasonic flow meter market is segmented into

OEMs
Engineers/Consultants
End-Users
Resellers
Systems Integrators

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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