A recent report published by
Infinium Global Research on ultrasonic flow meter market provides in-depth
analysis of segments and sub-segments in the global as well as regional
ultrasonic flow meter market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional ultrasonic flow
meter market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
ultrasonic flow meter market. According to the report, the global ultrasonic
flow meter market is projected to grow at a Healthy CAGR over the forecast
period of 2019-2025.
In manufacturing industries,
verifying flowmeter accuracy is an ongoing requirement to ensure that the meter
used is within the stated accuracy of the manufacturer. Ultrasonic flow meters
are used in industries as technology improves and understanding of the devices
and their potential application spreads. It is a very promising instrument for
pipe flow measurement in process control, flow survey, custody transfer, etc.
This technology can be very accurate and is used for custody transfer of
natural gas and petroleum liquids. To capture significant market share, the manufacturers
in the ultrasonic flow meter market are focusing on competitive pricing.
Moreover, other key focus areas of the manufacturers are strategic merger and
acquisitions and technological innovations.
Growing demand in oil & gas
and water & wastewater industries is the major driving factor of the
ultrasonic flow meter market. Furthermore, factors such as growing demand from
the custody transfer applications and the recent development of multipath
meters are driving the growth of the market. Ultrasonic flow meters are
applicable for various kinds of liquid, even if the chemical liquid, oil, etc.,
and it is not influenced by the medium status. The approval of standards by the
regulatory authorities such as American Gas Associations, American Petroleum
Institute and International Organization of Legal Metrology is fueling the
growth of the market. However, the high cost of ultrasonic flow meter restrains
the market growth. Moreover, the rising demand for smart and intelligent flow
meters are expected to provide growth opportunities to the market.
dominates the global ultrasonic flow meter market due to increasing demand for
high quality and reliable tools from a wide range of industries, increased
demand from the oil & gas and water treatment applications. Further,
factors such as industrial development growth, water recycling facilities, and
processes are driving the growth of the ultrasonic flow meter market in this
region. Europe is the second largest market for ultrasonic flow meters.
The report on global ultrasonic
flow meter market covers segments such as implementation type, measurement
technology, number of paths, and end-user. On the basis of implementation type,
the sub-markets include clamp-on, inline, and other measurement technologies.
On the basis of measurement technology, the sub-markets include transit-time,
Doppler, and hybrid. On the basis of number of paths, the sub-markets include 1
path transit-time, 2 path transit-time, and 3 & above path transit-time. On
the basis of end-user, the sub-markets include oil & gas, power generation,
water & wastewater, and other end-users.
The report provides profiles of
the companies in the market such as The Danfoss Group, ELIS PLZEN a. s.,
Honeywell International Inc., Schneider Electric SE, Cameron International
Corporation, Siemens AG, Titan Enterprises Ltd, Emerson Electric Co.,
Endress+Hauser Management AG, KROHNE Group, and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of ultrasonic flow meter market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.