A flow meter is an instrument used to measure linear, nonlinear, mass or volumetric flow rate of a liquid or a gas. Flow meters are used to measure many types of liquids and gases in a wide range of industries including medical, water and wastewater, oil and gas, food and beverage, commercial and residential building and manufacturing.
The most common type of flow meter is a differential pressure (DP) meter, which measures the difference in pressure between two points in a system to determine the rate of flow. Other types of meters include ultrasonic, magnetic, turbine, coriolis, vortex and positive displacement.
Flow meters are used for a variety of applications including monitoring water usage, controlling process flow, measuring fuel consumption, detecting leaks, controlling industrial processes, measuring air velocity and detecting emissions.
The increasing demand for flow meters in the oil and gas industry is a major factor driving the growth of the market. The growing demand for flow meters in the water and wastewater industry is also expected to drive the growth of the market.
The global Flow Meters market was valued at US$ 5828 million in 2022 and is anticipated to reach US$ 7746.9 million by 2029, witnessing a CAGR of 4.1% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Flow Meters Market available at: https://www.themarketreports.com/report/global-flow-meters-market-research-report
This report aims to provide a comprehensive presentation of the global market for Flow Meters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Flow Meters.
In the industry, Endress+Hauser profits most, while Emerson and Yokogawa ranked 2 and 3.The market share of them is 14%, 12% and 10%. North America has the largest global export quantity and manufacturers in Flow Meters market, with 35% market share, while the Europe is the second sales volume market for Flow Meters with 32% market share. Nowadays, there are many types of Flow Meters, including Electromagnetic flowmeter, Vortex flowmeter, Liquid turbine flowmeter, Ultrasonic flowmeter, Cone flowmeter, Orifice flowmeter, Metal rotameter, etc.
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