Ultrasonic Flowmeter Market Size, Share, Opportunities, And Trends By Product (Spool Piece, Inline, Clamp-on, Others), By Technology (Transit-Time, Doppler, Hybrid), By End User (Water And Wastewater, Oil And Gas, Pharmaceutical, Aerospace, Others), And By Geography - Forecasts From 2023 To 2028

The Ultrasonic Flowmeter Market is projected to grow at a CAGR of 7.06% to reach US$1,284.99 billion in 2028 from US$796.95 billion in 2021.

An ultrasonic flowmeter is a flowmeter that determines volume flow by measuring a fluid's velocity with ultrasound. This flowmeter can measure the average velocity along the path of an emitted ultrasound beam using ultrasonic transducers by averaging the difference in transit times between ultrasound pulses propagating into and against the flow direction or by measuring the frequency shift from the Doppler effect. The performance of ultrasonic flowmeters depends on the specific flow meter, temperature, density, viscosity, and suspended particles. They are frequently less expensive to operate and maintain since they do not have moving parts like mechanical flow meters. They are clamp-on instruments that enable the measurement of corrosive liquids without harming the ultrasonic sensor as they clamp on the outside of the pipe and accommodate various pipe sizes. There are portable ultrasonic flowmeters for industrial applications.

Ultrasonic flowmeters are appropriate for applications involving minimal maintenance and low-pressure drops. An ultrasonic Doppler flowmeter is suitable for carbonated streams like sewage or sludge. Transit-time ultrasonic flowmeters are the optimum alternative for applications involving clear fluids like water and oil.

Ultrasonic Flowmeter Market Drivers

• The expanding use of flowmeters in the oil and gas industry and an increase in applications due to their adaptability have both contributed to the expansion of the ultrasonic flowmeter market.

One of the main factors influencing demand for ultrasonic flowmeters is their precision in measuring and estimating fluid velocity. As they do not experience structural depreciation and damage, they do not lower the fluid pressure moving down the tube.

Furthermore, Ultrasonic flowmeters have great efficiency and accuracy as they can be used for one-way and two-way measurements. It is frequently utilized in oil and gas operations as the exact calibration provided by ultrasonic technology has enhanced corporate reliability and helped reduce custody control conflicts. The use of ultrasonic flowmeters has also increased in other industrial applications due to the demand for non-invasive measurement tools in wastewater management, power generation, and chemical sectors.

Additionally, for key food and beverage manufacturing operations, including pasteurization, processing, sanitation, disinfecting, and washing use of vapor, comprehensive observations of the volume produced are necessary to optimize burner management, which has benefited the market.

Ultrasonic Flowmeter Market Key Developments.

• KOBOLD Messring GmbH introduced a new DUK Ultrasonic Flow Meter with Enhanced Electronics, which can be utilized in the pharmaceutical industry, water treatment, or food manufacturing in December 2022. The new DUK offers a perfect solution for a non-conductive medium that magnetic flow technology cannot treat. The DUK was formerly suitable for water and water-like media and functions based on the ultrasonic transit time difference. It offers a comparable solution to magnetic flowmeters; however, unlike magnetic flow meters, it can also handle non-conductive liquids. The DUK delivers an outstanding turndown ratio of 250:1, which makes it ideal for smaller pipe sizes and enables a wide measuring range.
• Fuji Electric introduced a unique clamp-on type ultrasonic flowmeter for saturated steam in May 2020. The Food, Pulp, Paper, Chemical, Steel, and Electronics industries, where saturated steam is utilized for cleaning, are ideal targets for using the saturated steam ultrasonic flowmeter. The company developed a novel ultrasonic flowmeter with high sensitivity and new noise reduction technologies to detect saturated steam flow rates at extremely low pressures between 0.1 and 0.9 MPa and high temperatures up to 180 degrees Celsius. Users looking for an accurate, dependable, and simple-to-install gadget were the intended clientele for the clamp-on ultrasonic flowmeters. The ultrasonic flowmeter can support operations and maintenance managers to overcome challenging steam flow energy management obstacles and achieve the best outcomes.

Ultrasonic Flowmeter Market – Geographical Outlook

• The ultrasonic flowmeter market is heavily concentrated in the Asia Pacific region, which is anticipated to grow significantly over the forecasted period.

Due to various factors, including the water and sewage administration industry in several of the region's countries, the Asia Pacific region is anticipated to account for a sizeable percentage of the global ultrasonic flowmeter market. Growing development and economic augmentation in countries like China, India, and Southeast Asia are pushing the need for adequate energy output, water systems, and wastewater processing technologies, which are anticipated to further raise demand for these flowmeters in the market. Government initiatives to promote the development of ultrasonic flowmeters in different applications have also boosted the regional market.

The Department of Science and Technology (DST) of the Indian government awarded US$400,000 to Kritsnam Technologies in August 2022 for their efforts to properly analyze and regulate groundwater consumption in India. The start-up incubated at IIT Kanpur planned to develop a "Dhaara Smart Flowmeter”, an embedded framework for surveillance using two-beam ultrasonic flowmeters. It is intended to record the water systems in real-time for uses like potable water sources, groundwater level extraction, factory water usage, and precision irrigation. The product being developed is first intended for commercial customers like hotels, hospitals, shopping centres, IT parks, educational institutions, and colleges, as well as industrial users like manufacturers of food items, packaged drinking water, and pharmaceuticals.

Ultrasonic Flowmeter Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$796.95 billion
Market Size Value in 2028	US$1,284.99 billion
Growth Rate	CAGR of 7.06% from 2021 to 2028
Base Year	2021
Forecast Period	2023–2028
Forecast Unit (Value)	USD Billion
Segments Covered	Product, Technology, End-User, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Badger Meter, Honeywell International Inc, Fuji Electric, Siemens AG, Emerson Electric Co, Teledyne, Katronic, OMEGA Engineering Inc, Proflow, Endress+Hauser Management AG
Customization Scope	Free report customization with purchase

 

The Ultrasonic Flowmeter Market is segmented and analyzed as follows:

• By Product
  • Spool piece
  • Inline
  • Clamp-on
  • Others
• By Technology
  • Transit-Time
  • Doppler
  • Hybrid
• By End-User
  • Water and Wastewater
  • Oil and Gas
  • Pharmaceutical
  • Aerospace
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Other
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

 

5. ULTRASONIC FLOWMETER MARKET ANALYSIS, BY PRODUCT

5.1. Introduction

5.2. Spool piece 

5.3. Inline

5.4. Clamp-on

5.5. Others 

 

6. ULTRASONIC FLOWMETER MARKET ANALYSIS, BY TECHNOLOGY

6.1. Introduction

6.2. Transit-Time

6.3. Doppler

6.4. Hybrid 

 

7. ULTRASONIC FLOWMETER MARKET ANALYSIS, BY END-USER

7.1. Introduction

7.2. Water and Wastewater 

7.3. Oil and Gas

7.4. Pharmaceutical 

7.5. Aerospace

7.6. Others

 

8. ULTRASONIC FLOWMETER MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. UK

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain 

8.4.6. Others

8.5. Middle East And Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Other

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Australia

8.6.6. Others

 

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisition, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

 

10. COMPANY PROFILES

10.1. Badger Meter

10.2. Honeywell International Inc 

10.3. Fuji Electric 

10.4. Siemens AG 

10.5. Emerson Electric Co 

10.6. Teledyne 

10.7. Katronic 

10.8. OMEGA Engineering Inc 

10.9. Proflow 

10.10. Endress+Hauser Management AG 

Badger Meter

Honeywell International Inc

Fuji Electric

Siemens AG

Emerson Electric Co

Teledyne

Katronic

OMEGA Engineering Inc

Proflow

Endress+Hauser Management AG