Ultrasonic Flow Meter Market

Market Study on Ultrasonic Flow Meters: Rising Application in Power Generation and Oil & Gas Sectors

Ultrasonic Flow Meter Market Segmented By Inline, Clamp-On, Insertion Type with Transit Time-Single/Dual Path, Transit Time-Multi Path, Doppler, Hybrid Technology in Analog, Digital Output Display

Ultrasonic Flow Meter Market Outlook (2021 - 2031)

The global ultrasonic flow meter market is valued at over US$ 1.73 Bn, and is slated to expand at 6.5% CAGR to reach a valuation of US$ 3.45 Bn by 2031.

Ultrasonic Flow Meter Market Size (2020A)

US$ 1.73 Bn

Projected Year Value (2031F)

US$ 3.45 Bn

Value CAGR (2021-2031)


Value Share of Top 5 Countries (2020A)


As per projections, the U.S., Germany, and China are markets expanding at high CAGRs. Together, East and Europe is projected to hold more than 44.5% of global ultrasonic flow meter market value share through 2031.

Top suppliers of ultrasonic flow meters include tier-1 companies such as General Electric, Emerson Electric, Honeywell International, Siemens AG, KRONE Group, and Fuji Electric, who together accounted for around 45& to 48% market share in 2020.

As of 2020, ultrasonic flow meter sales accounted for nearly 15% of the global flow measurement industry.

Find Out More about the Report Coverage


  • Emerson Electric Co.
  • Siemens AG
  • Endress+Hauser Management AG
  • Fuji Electric Co., Ltd.
  • General Electric Company
  • Greyline Instruments
  • Honeywell International Inc.
  • Hontzsch GmbH & Co. KG
  • KRONE Group
  • MIB GmbH
  • OMEGA Engineering Inc. (Spectris)
  • U-F-M b.v
  • Pietro Fiorentini S.p.A.
  • KOBOLD Messring GmbH
  • Tokyo Keiki
  • ProFlow
  • Dynaflox Shanghai Co., Ltd.
  • Energoflow AG

Sales Analysis of Ultrasonic Flow Meters from 2016 to 2020 Vs Market Projections for 2021 to 2031

From 2016 to 2020, the global ultrasonic flow meter market expanded at a CAGR of around 1.8%. The market is much more competitive with the presence of major ultrasonic flow meter manufacturers having a global presence.

Wireless monitoring systems are flexible solutions for flow monitoring and management. These wireless monitoring systems are ideal solutions for monitoring fluid flow in open channels and non-pressure pipelines.

Growing awareness toward sustainability and reduction of carbon emissions have enhanced sales of ultrasonic flow meters. Persistence Market Research expects the market to expand at 5.1% CAGR through 2031, which includes water flow meters, electromagnetic flow meters, mass flow meters, magnetic flow meters, and various others.

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

What are the Opportunities on Offer for Ultrasonic Flow Meter Suppliers?

Demand for advanced flow measuring technologies is rising in order to fulfil the requirements of prominent manufacturing organizations. This is expected to drive the global market for ultrasonic flow meters. For instance, demand for metering devices from power generation, oil & gas companies, food & beverages, etc., has witnessed reasonable growth during the historical period, and is expected to grow substantially over the forecasted period as well.

When used with care and taking all safety measures, the life expectancy of flow meters is likely to be 25 to 30 years, in which there is no requirement for maintenance for the same. Ultrasonic flow meters offer moderate versatility, high stability, and high reliability with no moving parts, simple structure, and low failure rates.

Ultrasonic flow meter consumption is expected to expand significantly due to rapid development of oil & gas companies around the world. Ultrasonic flow metering technology is widely used in the oil & gas industry to determine liquid flow rate and viscosity.


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

What is the Potential for Ultrasonic Flow Meter Application through Developments in the Power Generation Industry?

The power generation industry requires flow meter devices such as non-intrusive flow meters, which are then used for the measurement of non-conductive plant feed water also the measurement and control of mill air flow in coal-fired boilers for optimum performance.

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

Which Region Offers Lucrative Opportunity for Ultrasonic Flow Meter Suppliers?

With an absolute dollar opportunity of around US$ 341.8 Mn, East Asia is expected to be the most lucrative market for ultrasonic flow meter suppliers.

The region is well-represented across the entire value chain required for greater application in important industries such as manufacturing, consumer appliances, and heavy machinery.

Country-wise Insights

Which is the Most Lucrative Market for Ultrasonic Flow Meters?

The U.S. ultrasonic flow meter market is expected to create an absolute dollar opportunity of US$ 221.05 Mn from 2021-2031. The reason behind such massive sales is the presence of highly developed end-use sectors in the country.

Also, the U.S. has a huge manufacturing base for various end-use sectors that require ultrasonic flow meter solutions.

Will Ultrasonic Flow Meter Providers Gain High Profits in China?

The market for ultrasonic flow meters in China is expected to rise at nearly 6.3% CAGR over the forecast period. Major competition in the market is due to many available local players. Investments are increasing by key ultrasonic flow meter producers in the market for establishing local manufacturing hubs and acquiring/partnering with local players.

The country is expected to create an absolute dollar opportunity of US$ 224.95 Mn over the next ten years.

Why is Demand for Ultrasonic Flow Meters Rising in ASEAN Countries?

Demand for ultrasonic flow meters in ASEAN is expected to surge at nearly 7.4% CAGR over the decade. ASEAN countries are major importers and exporters of ultrasonic flow meters in the South Asia Pacific region.

The ASEAN ultrasonic flow meter market is expected to create an absolute dollar opportunity of US$ 88.62 Mn over the next ten years.

Category-wise Insights

Which Ultrasonic Flow Meter Type is Most Popular?

Market value share of clamp-on ultrasonic flow meters is nearly 49.5% of the global market.

Clamp-on type ultrasonic flow meters sit outside of the pipe, and can be used to measure several types of fluids, ranging from ultra-pure water, clean liquids, and high viscosity liquids to sewerage and wastewater, corrosive liquids, and hydrocarbons

Which Application Drives Higher Sales of Ultrasonic Flow Meters?

Oil & gas and power generation are major ultrasonic flow meter applications that account for 36.3% of market share globally, as the need for flow measurement devices in these kinds of applications is a must for achieving higher accuracy of measurement of the flow rate of liquid and gas.

Competitive Landscape

The market for ultrasonic flow meters is a highly fragmented space with the top players holding nearly 25%-30% share of the global market. Market participants are vying to expand their geographical footprints and working closely with end users.

Key strategies include innovation, collaborations with other players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.

Ultrasonic Flow Meter Industry Report Scope



Forecast Period


Historical Data Available for


Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • The Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Oceania
  • Turkey
  • South Africa

Key Market Segments Covered

  • Type
  • Technology
  • Output Display
  • Application
  • Region

Key Companies Profiled

  • General Electric
  • Emerson Electric Co.
  • Greyline Instruments
  • Honeywell International Inc.
  • OMEGA Engineering Inc.
  • Proflow
  • Siemens AG
  • Endress+Hauser Management AG
  • Hontzsch GmbH & Co. KG
  • KRONE Group
  • UFM bv
  • MIB GmbH
  • Pietro Fiorentini S.p.A
  • KOBOLD Messring GmbH
  • Energoflow AG
  • Fuji Electric Co., Ltd.
  • HONDA Electronics Co., Ltd.
  • Tokyo KEISO Co., Ltd.
  • Tokyo Keiki
  • Dynaflox Shanghai Co., Ltd.


Available upon Request

Key Segments Covered in Ultrasonic Flow Meter Industry Survey

Ultrasonic Flow Meter Market by Type:

  • Inline Ultrasonic Flow Meters
  • Clamp-On Ultrasonic Flow Meters
  • Insertion Ultrasonic Flow Meters

Ultrasonic Flow Meter Market by Technology:

  • Transit Time-Single/Dual Path Ultrasonic Flow Meters
  • Transit Time-Multi Path Ultrasonic Flow Meters
  • Doppler Ultrasonic Flow Meters
  • Hybrid Ultrasonic Flow Meters

Ultrasonic Flow Meter Market by Output Display:

  • Analog Ultrasonic Flow Meters
  • Digital Ultrasonic Flow Meters

Ultrasonic Flow Meter Market by Application:

  • Chemicals
  • Food and Beverages
  • Metals and Mining
  • Oil and Gas
  • Pharmaceuticals
  • Power Generation
  • Pulp and Paper
  • Refining and Petrochemicals
  • Water and Waste Water
  • Others

Ultrasonic Flow Meter Market by Region:

  • North America Ultrasonic Flow Meter Market
  • Latin America Ultrasonic Flow Meter Market
  • Europe Ultrasonic Flow Meter Market
  • East Asia Ultrasonic Flow Meter Market
  • South Asia Pacific Ultrasonic Flow Meter Market
  • Middle East & Africa Ultrasonic Flow Meter Market

Media Release

- FAQs -

The global ultrasonic flow meter market is currently valued at around US$ 1.73 Bn.

Requirement for higher accuracy in flow measurement of liquid and gas of non-invasive fluids is the main factor driving market expansion.

From 2016 to 2020, demand for ultrasonic flow meters increased at a CAGR of 1.8%.

Sales of ultrasonic flow meters are projected to increase at 6.5% CAGR and be valued at over US$ 3.45 Bn by 2031.

Top 5 ultrasonic flow meter manufacturers account for around 43% market share.

Germany holds around 28.5% share in the European market for ultrasonic flow meters.

The U.S., China, Germany, ANZ, and ASEAN are the major demand countries for ultrasonic flow meters.

China, Japan, the U.S., U.K., and ASEAN are key producers of ultrasonic flow meters.

Germany, the U.S., France, Netherlands, China, and U.K. are key exporting countries of ultrasonic flow meters.

Japan and South Korea together hold around 8.5% share in the global market for ultrasonic flow meters.


Automated Blinds And Shades Market

Global automated blinds and shades market is anticipated to expand at a CAGR of over3% during the forecast period of 2021-2031.

Retail Shelving System Market

Newly released retail shelving system industry analysis by Persistence Market Research shows that global demand enjoyed year-on-year (YoY) growth of 7.9% in 2021 to total 21 Mn units. Wall-mounted product sales grew 7.2% to 3.2 Mn units, while Gondola shelves were up 8.1% to 10.5 Mn units..

Automatic Gate Opening System Market

Worldwide sales of automatic gate opening systems are expected to reach US$ 6.34 Bn by the end of 2032 and is expected to expand at 7.5% CAGR through 2032.

Automatic Lubrication Systems Market

The report includes facts and figures related to the macro- as well as macro-economic factors that are impacting the growth of the automatic lubrication system market. The study also offers actionable insights based on the future trends in the automatic lubrication system market..

Our Clients

Our Clients