Ultrasonic flow meters offer more advanced technology and greater versatility

Date: 8 May 2020

According to a research report published by Azoth Analytics in April 2020, the Global Ultrasonic Flow Meter Market was valued at USD 1338.5 Million in the year 2019. Ultrasonic flow meters offer more advanced technology and greater versatility than some other types. These designs measure the frequency shift of an ultrasonic signal that is sent through the fluid. The rise in the transmission & distribution of oil & gas by the growing number of new facilities has fueled the growth of flow control systems in the country. Manufacturers are focusing on innovating flow meter applications in food & beverage, and pulp & paper industries. However, the center of focus is growing number of gas exploration projects around the world.

The Asia Pacific Ultrasonic Flow Meter market is estimated to grow at the highest CAGR during the forecast period. The growing oil and gas industry in Asia Pacific, government focus as well as initiatives pertaining to water treatment, modernization of industries such as paper & Pulp are some of the factors favouring the market growth in Asia Pacific region.

However, world trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the globe. Regional outbreak, weaker global demand, financial market volatility and lower oil prices will undermine consumption, investment and exports, with risks to the downside.

Among the end user segment in the Ultrasonic Flow Meter market, transit-time ultrasonic flow meter holds the majority share, owing to their growing application among several end users. Transit time ultrasonic flow meters are usually more accurate than Doppler ultrasonic flow meters. Doppler ultrasonic flow meters are usually more economical. Rapid expansion of healthcare industry lined with an increase in the adoption of new devices and technologies will facilitate growth of doppler flowmeter market.

The oil & gas segment is estimated to expand at a rapid pace during the forecast period owing to the need for precise accuracy flow measurement in custody transfer applications in the oil & gas industry. Water and wastewater management is likely to emerge as a significant application sector over the foreseeable period for ultrasonic flow meter market.

The Azoth Analytics research report titled 'Global Ultrasonic Flow Meter Market' has analysed and segmented the Ultrasonic Flow Meter Market by Value (USD Million). The report has analysed the Ultrasonic Flow Meter Market by end Users (Water & Waste Water, Oil & Gas, Chemical, Power, Others) and by measurement Technology (Transit-Time, Doppler, Hybrid). The Global Ultrasonic Flow Meter Material Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Brazil, Germany, France, United Kingdom China, Japan, India) for the historical period of 2015-2019 and the forecast period of 2020-2025.