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Global Smart Flow Meter Market to reach USD 4.78 billion by the end of 2029.

Global Smart Flow Meter Market Size study & Forecast, by Type (Magnetic, Coriolis, Ultrasonic, Vortex, Multiphase and Others), by End-User ( Water and Wastewater, Power Generation, Chemical, Food and Beverages, Oil and Gas and Others), by Communication Protocol (Profibus, Modbus, Hart and Others) and Regional Analysis, 2022-2029

Product Code: OIRIA-39062244
Publish Date: 17-04-2023
Page: 200

Global Smart Flow Meter Market is valued at approximately USD 2.7 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.4 % over the forecast period 2022-2029. Smart flow metres provide data with more accuracy. For fluids, gas, or any liquid that runs past it, it delivers precise readings. These gadgets are effective in supplying precise real-time data for analysis. They are also capable of offering immediate feedback and a different course of action. This aids in reducing expenses related to damages of any kind. The Smart Flow Meter market is expanding because of factors such as rise in demand for Internet of Things (IoT) based devices, growing industrial demand for safety concerns and rising demand for real time data analysis. However, high cost of Smart Flow Meters may halt market growth.

Equipment for measuring flow has increased as a result of increased industrial automation. This results in new product developments and improved technology as well. For electromagnetic flow metres, the same holds true. They are expected to be improved more and more with each technological advancement because they provide data that is more accurate with each advancement. This presents a significant possibility for the market for smart flow metres to grow. According to Statista, in year 2019 number of Internet of Things (IoT) connected devices worldwide stood at 8.6 billion which increased to 11.28 billion in year 2021 and it is expected to reach 29.42 billion by year 2030. In addition, growing demand for electromagnetic smart flow meters is creating lucrative growth in the market. However, the high cost of Smart Flow Meters stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Smart Flow Meter Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising activities in the oil & gas industry, rising demand in the food and beverage industry, and wastewater management operations. Moreover, industrial automation also encourages the growth of smart flow meters in the market. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising mining activities, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market players included in this report are:
Emerson Electric Corporation
em-tec GmbH
General Electric
Hitachi Ltd. (Hitachi High-Tech Corporation)
Honeywell International Inc.
ZENNER International GmbH and Co. KG
Peltek India
Badger Meter, Inc.

Recent Developments in the Market:
Ø In December 2021, ABB Ltd announced the launch of bidirectional electromagnetic flow meters which would also enable a water loss management system.
Ø in March 2020, Emerson, announce the launch of Daniel T-200, a product is titanium-housed transducer for gas ultrasonic flow meter product line.

Global Smart Flow Meter Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, End-Use, Communication Protocol, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and End Use offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By End-User:
Water and Wastewater
Power Generation
Food and Beverages
Oil and Gas

By Communication Protocol:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Smart Flow Meter Market, by Region, 2019-2029 (USD Billion)
1.2.2. Smart Flow Meter Market, by Type, 2019-2029 (USD Billion)
1.2.3. Smart Flow Meter Market, by End-User, 2019-2029 (USD Billion)
1.2.4. Smart Flow Meter Market, by Communication Protocol, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Flow Meter Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Flow Meter Market Dynamics
3.1. Smart Flow Meter Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rise in demand for Internet of Things (IoT) based devices Growing industrial demand for safety concerns Rising demand for real time data analysis
3.1.2. Market Challenges High Cost of Smart Flow Meter
3.1.3. Market Opportunities Growing demand for electromagnetic smart flow meter
Chapter 4. Global Smart Flow Meter Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Smart Flow Meter Market, by Type
6.1. Market Snapshot
6.2. Global Smart Flow Meter Market by Type, Performance – Potential Analysis
6.3. Global Smart Flow Meter Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Smart Flow Meter Market, Sub Segment Analysis
6.4.1. Magnetic
6.4.2. Coriolis
6.4.3. Ultrasonic
6.4.4. Vortex
6.4.5. Multiphase
6.4.6. Others
Chapter 7. Global Smart Flow Meter Market, by End-User
7.1. Market Snapshot
7.2. Global Smart Flow Meter Market by End-User, Performance – Potential Analysis
7.3. Global Smart Flow Meter Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
7.4. Smart Flow Meter Market, Sub Segment Analysis
7.4.1. Water and Wastewater
7.4.2. Power Generation
7.4.3. Chemicals
7.4.4. Food and Beverages
7.4.5. Oil and Gas
7.4.6. Others
Chapter 8. Global Smart Flow Meter Market, by Communication Protocol
8.1. Market Snapshot
8.2. Global Smart Flow Meter Market by Communication Protocol, Performance – Potential Analysis
8.3. Global Smart Flow Meter Market Estimates & Forecasts by Communication Protocol 2019-2029 (USD Billion)
8.4. Smart Flow Meter Market, Sub Segment Analysis
8.4.1. Profibus
8.4.2. Modbus
8.4.3. Hart
8.4.4. Others
Chapter 9. Global Smart Flow Meter Market, Regional Analysis
9.1. Smart Flow Meter Market, Regional Market Snapshot
9.2. North America Smart Flow Meter Market
9.2.1. U.S. Smart Flow Meter Market Type breakdown estimates & forecasts, 2019-2029 End-User breakdown estimates & forecasts, 2019-2029 Communication Protocol breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Smart Flow Meter Market
9.3. Europe Smart Flow Meter Market Snapshot
9.3.1. U.K. Smart Flow Meter Market
9.3.2. Germany Smart Flow Meter Market
9.3.3. France Smart Flow Meter Market
9.3.4. Spain Smart Flow Meter Market
9.3.5. Italy Smart Flow Meter Market
9.3.6. Rest of Europe Smart Flow Meter Market
9.4. Asia-Pacific Smart Flow Meter Market Snapshot
9.4.1. China Smart Flow Meter Market
9.4.2. India Smart Flow Meter Market
9.4.3. Japan Smart Flow Meter Market
9.4.4. Australia Smart Flow Meter Market
9.4.5. South Korea Smart Flow Meter Market
9.4.6. Rest of Asia Pacific Smart Flow Meter Market
9.5. Latin America Smart Flow Meter Market Snapshot
9.5.1. Brazil Smart Flow Meter Market
9.5.2. Mexico Smart Flow Meter Market
9.5.3. Rest of Latin America Smart Flow Meter Market
9.6. Rest of The World Smart Flow Meter Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. ABB Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Emerson Electric Corporation
10.2.3. em-tec GmbH
10.2.4. General Electric
10.2.5. Hitachi Ltd. (Hitachi High-Tech Corporation)
10.2.6. Siemens
10.2.7. Honeywell International Inc.
10.2.8. ZENNER International GmbH and Co. KG
10.2.9. Peltek India
10.2.10. Badger Meter, Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market driving trends and favorable economic conditions
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