In Line Transit Time Ultrasonic Flow Meter Market

Global Market Study on In-Line Transit Time Ultrasonic Flow Meters: Growing Need for Precise Liquid Flow Measurement Complementing Market Expansion

About the Report

Demand for in-line transit time ultrasonic flow meters has witnessed substantial growth in the last few years, and this trend is projected to continue over the coming years as well, on the back of increasing use in oil & gas, power generation, and chemical industries across the globe. Moreover, in-line transit time ultrasonic flow meters have grown not just in terms of application in these broad fields of end use but also due to technological advancements in them. Over the years, as automation in various sectors has gained momentum, coupled with labor shortage and the need to reduce labor costs, more industry owners are relying on ultrasonic flow meters as an investment with long-term financial gains in mind.

In its new study, Persistence Market Research offers insights about key factors fueling the demand for in-line transit time ultrasonic flow meters. The report tracks global sales in 20+ high-growth markets, where North America, by far, leads the way, followed by Europe. As far as all technology wise in-line ultrasonic flow meters are concerned, single / dual path are the most sought-after across regions. The report also analyzes the impact COVID-19 has had on natural gas production and consumption, and oil and gas industry outlook in general, and in-line transit time ultrasonic flow meters in particular.

Find Out More about the Report Coverage

Companies

  • Emerson Electric Co.
  • KROHNE Group
  • Badger Meter, Inc.
  • Pietro Fiorentini S.p.A.
  • SICK MAIHAK, Inc
  • Siemens AG
  • Gruppo Antonini S.p.A. (M&T)
  • Spectris plc
  • ODS Metering Systems
  • Endress+Hauser Management AG
  • Baker Hughes Company  
  • Elster Instromet (Honeywell)
  • Danfoss
  • Omega Engineering Inc.

What is the Future Outlook on In-line Transit Time Ultrasonic Flow Meters in Comparison to Historic Sales?

In earlier times, the market faced challenges such as durability and quality of these meters, product inability to work in certain kinds of fluids, and price concerns. However, the market gained pace as companies launched advanced products, and the availability of these products became easier for end users across the globe. Manufactures have increased production capabilities and are following the Industry 4.0 norms now, which led the market expand at a CAGR of over 4.5% during the last 5 years.

Research & development in in-line transit time ultrasonic flow meters is anticipated to make significant contribution to market growth over the years to come. Several other new features by existing as well as emerging companies are likely to attract customers from other domains of the industry.

Owing to the ongoing crisis caused by COVID-19, production and supply chain activities witnessed a slump in 2020. Yet, consumption will improve with economic recovery post-pandemic. However, looking at the silver lining, the outbreak of COVID-19 had a positive effect on the demand for ultrasound flow meters. According to the World Health Organization (WHO), water supply must be kept secure due to the risk of virus transmission through sewage water. This aspect promotes the use of biological wastewater treatment systems, and as such, spurs demand for in-line transit time ultrasound flow meters as well.

Persistence Market Research expects the global in-line transit time ultrasonic flow meter market to expand at over 6% CAGR through 2031.

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

What is the Commercial Potential of In-Line Transit Time Ultrasonic Flow Meters?

In-line transit time ultrasonic flow meters are mostly used in oil & gas industry and chemical industries. These meters have application in entities of liquids, gases, and fluids as well. In-line transit time ultrasonic flow meters play a vital in maintaining and monitoring flow velocity and are used in variety of fluid applications. In-line transit time ultrasonic sensors are favored for applications that need traceable and assured accuracy. Companies are also focused on research & development activities in order to provide technologically advanced products to customers.

Competitive price offerings and rise in end user satisfaction based on the performance and use of advanced technologies are the end results of R&D activities. Moreover, establishing sales and service facilities in emerging countries coupled with long-term partnerships with regional distributors are also paving the way for the expansion of channel reach.

in-line-transit-time-ultrasonic-flow-meter-market

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Get actionable insights on Ship Repair And Maintenance Services Market

Country-wise Insights

Are Australia and New Zealand Lucrative Markets for In-Line Transit Time Ultrasonic Flow Meters?

Persistence Market Research has projected Australia and New Zealand to remain one of the most lucrative markets in the South Asia & Pacific region for in-line transit time ultrasonic flow meters throughout the course of the forecast period. One of the key factors supporting this is increasing oil and gas exploration in the region, leading to more process and industrial automation.

Australia and New Zealand have seen an increase in the number of offshore oil and gas explorations as well as developments. Moreover, offshore petroleum exploration acreage release provides an opportunity to competitively bid for an exploration permit over an area. Successful bidders are granted a work bid exploration permit, and as such, new setups are likely to drive demand for in-line transit time ultrasonic flow meters.

Why are German In-Line Transit Time Ultrasonic Flow Meter Manufacturers Doing Extremely Well?

Manufacturers in Germany are gaining market leadership by providing products that customers today are seeking. In recent years, there has been growth in biogas and biomethane production, and its flow measurement has become crucial. Devices that have the ability to sustain and show accurate results have become mandatory. Demand for in-line transit time ultrasonic flow meters has been rising in Germany and nearby countries over the last few years. This trend will continue to increase sales figures over the years to come, because of rising popularity and awareness of sources of energy that do not have a negative impact on the environment.

What’s the Outlook on East Asian Countries for In-Line Transit Time Ultrasonic Flow Meters?

East Asian countries hold three-tenth of the global market share, and this is no surprise as there is an abundance of oil & gas reserves in the region, owing to which, demand for in-line transit time ultrasonic flow meters is rising steadily. Growth in the region is likely to take place at a CAGR even more than 6% over the forecast period of 2021 to 2031. Another reason for this lucrative growth trend is rising demand for precise flow measurement technologies for processes in waste water treatment industries, which recently grew in numbers due to rising population and need to treat waste water becoming a global issue.

What’s Driving Sales in the U.S.?

Over the last few years, new and improved designs that require little or no maintenance have been launched by numerous market players, on back of significant sales of in-line transit time ultrasonic flow meters in the U.S. Manufacturers are introducing products that are built to last and need less maintenance during the tenure of their usage. The U.S. also has numerous small to medium manufacturers, and good reachability for aftersales service from them makes the country a leading market for in-line transit time ultrasonic flow meters.

Moreover, in the U.S., there are many end user markets for in-line transit time ultrasonic flow meters. End users such as the oil & gas industry is always rising in the U.S. Other end users such as the food & beverage industry are lucrative markets that have shown great demand for in-line transit time ultrasonic flow meters, and will continue to do so over the coming years.

How are GCC Countries Faring in This Industry?

There has been a recent surge in use of in-line transit time ultrasonic flow meters in GCC countries. The region has some of the world's fastest-growing economies, thanks to a surge in oil & natural gas revenues, as well as construction and investment boom fueled by decades of petroleum revenue savings. The core GCC states of Saudi Arabia, United Arab Emirates, Kuwait, and Qatar are leading oil & gas producing countries, due to which, imports of precision tools for measurement purposes are driving the sales of in-line transit time ultrasonic flow meters.

Explore Persistence Market Research’s expertise in promulgation of the business !

Category-wise Insights

Which End User Drives Most Demand for In-Line Transit Time Ultrasonic Flow Meters?

The market share of in-line transit time ultrasonic flow meters from the oil & gas industry is significant. It accounts for as much as half of the market share by value. The reason behind such vast sales is the fact that oil & gas can adequately conduct ultrasonic waves, and the need for precision equipment for measurement purposes in an industry where every ounce counts creates an upsurge in demand for in-line transit time ultrasonic flow meters. Another factor for growth in sales is that many industries are moving toward automation, and in-line transit time ultrasonic flow meters fulfill this need precisely, especially after Industry 4.0 norms have been introduced.

Which Application of In-Line Transit Time Ultrasonic Flow Meters is Most Popular?

In-line transit time ultrasonic flow meters are used in various fields such as oil & gas, water and wastewater, power, chemicals, food and beverages, pharmaceuticals, metals and mining, and pulp and paper, for measuring various kinds of liquids and gases. The most popular application amongst these is liquid flow measurement in-line transit time ultrasonic flow meters. Since the invention of these meters, liquid flow measurement has been a dominant end use. The gas flow measurement segment is expected to expand at a significant CAGR owing to the precise measurement of gas properties such as mass flow rate, velocity, and others.

Which Technology will Hold Prominent Market Share?

Looking toward supply-side trends, large market players are more into single/dual path in-line transit time ultrasonic flow meters. Manufacturers are focusing more on advancements in these devices, thereby boosting sales across regions. Single/dual path in-line transit time ultrasonic flow meters hold as much as three-fourth market share. There is also an increase in sales of multi path in-line transit time ultrasonic flow meters due to the fact that these provide more precise measurement figures and the industry is moving toward more precision measurement techniques. Over the forecast period, multi path in-line transit time ultrasonic flow meters are expected to witness surging demand.

Competitive Landscape

The in-line transit time ultrasonic flow meter market is moderately competitive in nature, with the presence of a large number of players operating in this space. Some players are focusing on gaining the attention of a specific demography. The market sees robust partnerships throughout the value chain, with high focus on innovations. Manufacturers are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base. Brand consciousness and aggressive marketing make it challenging for new entrants in this space.

Some of the leading companies operating in this space are:

  • Emerson Electric Co
  • KROHNE Group
  • Pietro Fiorentini S.p.A.
  • SICK MAIHAK, Inc.
  • Siemens AG
  • Gruppo Antonini S.p.A. (M&T)
  • Endress+Hauser Management AG
  • Baker Hughes Company
  • Elster Instromet (Honeywell)
  • Danfoss
  • Omega Engineering Inc.
  • Transus Instruments
  • RMG Messtechnik GmbH

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Million for Value and Units for Volume

Key Regions Covered

  • North America
  • Latin America,
  • Europe,
  • East Asia,
  • South Asia &
  • Pacific, and the Middle East & Africa

Key Countries Covered

  • US,
  • Canada,
  • Germany,
  • U.K.,
  • France,
  • Italy,
  • Spain,
  • Russia,
  • China,
  • Japan,
  • South Korea,
  • India,
  • ASEAN,
  • Oceania,
  • Turkey,
  • Northern Africa, and South Africa

Key Segments Covered

  • Technology
  • Application
  • End User
  • Region

Key Companies Profiled

  • Emerson Electric Co
  • KROHNE Group
  • Pietro Fiorentini S.p.A.
  • SICK MAIHAK, Inc.
  • Siemens AG
  • Gruppo Antonini S.p.A. (M&T)
  • Endress+Hauser Management AG
  • Baker Hughes Company
  • Elster Instromet (Honeywell)
  • Danfoss
  • Omega Engineering Inc.
  • Transus Instruments
  • RMG Messtechnik GmbH

Report Coverage

  • Market Forecasts
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Market Segmentation by Category

  • By Technology
    • Single/Dual Path
    • Multi Path
  • By Application
    • Liquid Flow Measurement
    • Gas Flow Measurement
  • By End User
    • Oil & Gas
    • Power Generation
    • Chemicals
    • Others (Water & Wastewater, Food & Beverages)
  • By Region
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

Key Questions Answered in Report

Q1. Which is the most lucrative market for in-line transit time ultrasonic flow meters?

North America currently leads the global market for in-line transit time ultrasonic flow meters. Sales in North America will be over one-fourth of the total global share throughout the forecast period.

Q2. Which is top-selling in-line transit time ultrasonic flow meter?

Single/dual path in-line transit time ultrasonic flow meters are highly-sought-after for many applications. Demand for single/dual path is expected to remain high in the near future, especially due to their intense penetration across all regions.

Q3. Which is the most lucrative application for in-line transit time ultrasonic flow meters?

In-line transit time ultrasonic flow meters are widely used for liquid flow measurement specifically in the chemicals industry. This is due to the fact that ultrasonic flow meters work best in conductive fluids, and industries such as chemicals and pharmaceuticals are highly into precision measurement.

Q4. Which are some of the leading in-line transit time ultrasonic flow meter manufacturers?

Some of the leading companies manufacturing in-line transit time ultrasonic flow meters are Emerson Electric Co, KROHNE Group, Pietro Fiorentini S.p.A., SICK MAIHAK, Inc., Endress+Hauser Management AG, Baker Hughes Company, and Elster Instromet (Honeywell).

Enquiry before Buying

Is this research conducted by Persistence Market Research?

Yes, the research has been conducted by expert analysts of Persistence Market Research through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Persistence Market Research?

Persistence Market Research follows a methodology that encompasses demand-side assessment of the market, and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.

Who are the respondents for primary research?

Persistence Market Research speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

What are the sources of secondary research?

Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.

How can I buy this report?

Persistence Market Research provides a secure online payment system to buy reports seamlessly. You can buy the report securely and safely.

Media Release

Our Clients

Our Clients