The global electromagnetic flowmeter market size reached US$ 2.2 Billion in 2023. Looking forward, the market is projected to reach US$ 3.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.88% during 2023-2032. The rising product utilization in the wastewater treatment industry, growing product demand in the chemical industry, and the recent development of smart electromagnetic flowmeters represent some of the key factors driving the market.
An electromagnetic flowmeter refers to a device that is used for measuring the flow of the liquid when it passes through the pipeline. It’s comprised of several components, such as a flow tube, electromagnetic coil, transmitters, grounding rings, electrodes, and signal cables. Electromagnetic flowmeter is manufactured using various high-quality, lightweight, and corrosion-resistant materials, such as stainless steel, aluminum, copper, plastic, ceramic, and glass.
It is widely used in aircraft, rocket engines, water treatment, chemical production, food processing, drug manufacturing, power plants, irrigation systems, and heating, ventilation, and air conditioning (HVAC) equipment. The electromagnetic flowmeter is a user-friendly, easy-to-install device that offers high measuring accuracy and minimum pressure loss. As a result, electromagnetic flowmeter finds extensive applications across the food and beverage (F&B), oil and gas, pharmaceutical, agriculture, and chemical industries.
Furthermore, the growing product demand in the chemical industry to monitor highly reactive and corrosive fluids, such as acids, bases, and solvents, and control the dosing of catalysts and additives is providing an impetus to the market growth. Additionally, the integration of advanced data analytics and predictive maintenance to monitor the performance in real-time, identify potential issues, and recommend repair is positively influencing the market growth. Besides this, the recent development of smart electromagnetic flowmeters that are equipped with wireless connectivity, such as Wi-Fi and Bluetooth, to enable remote monitoring and control capabilities is providing a thrust to the market growth.
Moreover, the widespread product adoption as a non-invasive flow measurement solution across F&B, pharmaceutical, and other industries to prevent the risk of contamination is supporting market growth. Other factors, including rapid industrialization activities, increasing investment in the development of advanced products, and the growing adoption of automation across industries, are anticipated to drive the market growth.
An electromagnetic flowmeter refers to a device that is used for measuring the flow of the liquid when it passes through the pipeline. It’s comprised of several components, such as a flow tube, electromagnetic coil, transmitters, grounding rings, electrodes, and signal cables. Electromagnetic flowmeter is manufactured using various high-quality, lightweight, and corrosion-resistant materials, such as stainless steel, aluminum, copper, plastic, ceramic, and glass.
It is widely used in aircraft, rocket engines, water treatment, chemical production, food processing, drug manufacturing, power plants, irrigation systems, and heating, ventilation, and air conditioning (HVAC) equipment. The electromagnetic flowmeter is a user-friendly, easy-to-install device that offers high measuring accuracy and minimum pressure loss. As a result, electromagnetic flowmeter finds extensive applications across the food and beverage (F&B), oil and gas, pharmaceutical, agriculture, and chemical industries.
Electromagnetic Flowmeter Market Trends
The rising product utilization in the wastewater treatment industry is one of the key factors propelling the market growth. An electromagnetic flowmeter is widely used to measure the flow rate of wastewater and untreated sewage, detect leakages and blockages, monitor sludge flow, and control the addition of chemicals, such as coagulants and flocculants. In addition to this, the implementation of various government initiatives to boost wastewater treatment infrastructure to provide a clean water supply and prevent scarcity is acting as another growth-inducing factor.Furthermore, the growing product demand in the chemical industry to monitor highly reactive and corrosive fluids, such as acids, bases, and solvents, and control the dosing of catalysts and additives is providing an impetus to the market growth. Additionally, the integration of advanced data analytics and predictive maintenance to monitor the performance in real-time, identify potential issues, and recommend repair is positively influencing the market growth. Besides this, the recent development of smart electromagnetic flowmeters that are equipped with wireless connectivity, such as Wi-Fi and Bluetooth, to enable remote monitoring and control capabilities is providing a thrust to the market growth.
Moreover, the widespread product adoption as a non-invasive flow measurement solution across F&B, pharmaceutical, and other industries to prevent the risk of contamination is supporting market growth. Other factors, including rapid industrialization activities, increasing investment in the development of advanced products, and the growing adoption of automation across industries, are anticipated to drive the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global electromagnetic flowmeter market, along with forecasts at the global, regional, and country levels from 2024-2032. The report has categorized the market based on product and application.Product Insights:
- In-line Magnetic Flowmeters
- Low Flow Magnetic Flowmeters
- Insertion Magnetic Flowmeters
Application Insights:
- Water and Wastewater
- Chemicals and Petrochemicals
- Power Generation
- Metals and Mining
- Oil and Gas
- Food and Beverages
- Others
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global electromagnetic flowmeter market. Detailed profiles of all major companies have also been provided. Some of the companies covered include ABB Ltd., Azbil Corporation, Badger Meter Inc., Danaher Corporation, Emerson Electric Co., Endress+Hauser AG, Honeywell International Inc., KROHNE Messtechnik GmbH, OMEGA Engineering Inc., Siemens AG, Toshiba Corporation, Yokogawa Electric Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
- How has the global electromagnetic flowmeter market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global electromagnetic flowmeter market?
- What is the impact of each driver, restraint, and opportunity on the global electromagnetic flowmeter market?
- What are the key regional markets?
- Which countries represent the most attractive electromagnetic flowmeter market?
- What is the breakup of the market based on the product?
- Which is the most attractive product in the electromagnetic flowmeter market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the electromagnetic flowmeter market?
- What is the competitive structure of the global electromagnetic flowmeter market?
- Who are the key players/companies in the global electromagnetic flowmeter market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Electromagnetic Flowmeter Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ABB Ltd.
- Azbil Corporation
- Badger Meter Inc.
- Danaher Corporation
- Emerson Electric Co. Endress+Hauser AG
- Honeywell International Inc.
- KROHNE Messtechnik GmbH
- OMEGA Engineering Inc.
- Siemens AG
- Toshiba Corporation
- Yokogawa Electric Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 2.2 Billion |
| Forecasted Market Value ( USD | $ 3.1 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
