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Smart Flow Meter Market by Type, End-user, Communication Protocol: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 275 Pages
  • December 2022
  • Region: Global
  • Allied Market Research
  • ID: 5743667
The global smart flow meter market was valued at $2.7 billion in 2021 and is projected to reach $5.4 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031.

A smart flow meter is used to measure fluidic phenomena in a wide range of industrial as well as commercial applications. It is used widely in many industries for measuring the velocity of a fluid through ultrasound or any other technique. The calculation of the volume flow is done accurately through these smart flow meters as compared to the traditional flow meters. Smart flow meters offer many advantages however, one highly significant advantage is that they are not affected by external weather conditions. External conditions refer to factors such as the current temperature, liquid or gas density, and velocity. These factors are the main requirement to provide accurate measurement readings. Smart flow meters use non-contact type sensors, which may be a laser beam or an ultrasonic beam. These beams are sent and get reflected from flowing liquid or gas. Simultaneously, the movement of the moving fluid or gas is displayed on the screen. They are used in various applications such as food & beverages, oil & gas, pharmaceuticals, chemicals, metals & mining, power generation, and water & wastewater.

A large number of accidents and death occur in industrial processes due to moving equipment. Moving flow meter are also risky as they can either get stuck in between the process or may result in accidents. Such incidents lead to demand for a safe and secure work environment in several industries. Oil and gas, petrochemical, food processing, water & wastewater management, and many other industries are accident-prone and need to install every safety measure at their disposal. Smart flow meters are usually fixed and less susceptible to corrosion or being stuck. Thus, the demand for smart flow meters increases with increased concerns over safety which leads to the replacement and installation of new and advanced safety equipment and measure.

Real-time data analysis offers many advantages in any and every industry. This kind of data offers accurate and highly sensitive data which can be analyzed very quickly owing to the changing technologies and evolving eras. For instance, in the chemical industry, it is very important to study real-time accurate data so that the correct amount of liquid or gaseous chemical can be passed through. This averts many dangerous accidents and also aids in alternate ways of managing the flow
The smart flow meter market size is studied based on type, communication protocol, end-user, and region. Depending on the type, the market is divided into magnetic, Coriolis, ultrasonic, vortex, multiphase, thermal, and others (turbine, variable area, and differential pressure). Electromagnetic flow meters are obstruction less, cost-effective, bi-directional, and provide highly accurate volumetric flow measurement. A range of liner materials, electrode options and line sizes accommodate a wide variety of process applications. Coriolis smart flow meters are projected to grow at a higher CAGR during the forecast period.

Based on communication protocol, the market bifurcation is done into PROFIBUS, Modbus, HART, and others. PROFIBUS communication protocol dominated the market share and is expected to continue its dominance throughout the projection years. PROFIBUS or process field bus is a fieldbus communication used in automation technology. It is used to operate sensors and actuators in several devices, smart flow meter being one of them.

By end user, the smart flow meter market is segmented into automotive, water and wastewater, power generation, chemicals, food & beverages, oil and gas, and others. The oil and gas industry garnered the highest market share and is expected to grow at the fastest pace during the forecast years. Ultrasonic flowmeters can be used for both measuring the velocity of the liquid inside and outside the pipe. thermal flow meters measure the speed of the heat that dissipates as it is injected directly into a gas flow stream. Mostly, thermal flow meters are used exclusively for measuring gases.

Region-wise, the smart flow meter market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). North America dominated the market share for 2021 and is projected to grow at a higher CAGR in the prediction period.

The key market players operating in the smart flow meter industry are ABB Ltd., Em-tec GmbH, General Electric, Hitachi Ltd. (Hitachi High-Tech Corporation), Siemens AG, Honeywell International Inc., ZENNER International GmbH and Co. KG, Peltek India, Badger Meter, Inc., and Emerson Electric Corporation.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart flow meter market analysis from 2021 to 2031 to identify the prevailing smart flow meter market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the smart flow meter market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes an analysis of the regional as well as global smart flow meter market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Magnetic
  • Coriolis
  • Ultrasonic
  • Vortex
  • Multiphase
  • Thermal
  • Others (Turbine, Variable Area, and Differential Pressure)

By End User

  • Water and Wastewater
  • Power Generation
  • Chemicals
  • Food and Beverages
  • Oil and Gas
  • Others

By Communication Protocol

  • PROFIBUS
  • Modbus
  • HART
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

Key Market Players

  • ABB Ltd.
  • em-tec GmbH
  • General Electric
  • Hitachi Ltd. (Hitachi High-Tech Corporation)
  • Siemens
  • Honeywell International Inc.
  • ZENNER International GmbH and Co. KG
  • Peltek India
  • Badger Meter, Inc.
  • Emerson Electric Corporation

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Low threat of substitutes
3.3.4. Moderate threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in demand for Internet of Things (IoT) based devices
3.4.1.2. Growing industrial demand for safety concerns
3.4.1.3. Rising demand for real time data analysis
3.4.2. Restraints
3.4.2.1. Rising cost with product advancements
3.4.3. Opportunities
3.4.3.1. Growing demand for electromagnetic smart flow meter
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Patent Landscape
3.8. Value Chain Analysis

CHAPTER 4: SMART FLOW METER MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Magnetic
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Coriolis
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Ultrasonic
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Vortex
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
4.6. Multiphase
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market share analysis by country
4.7. Thermal
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market share analysis by country
4.8. Others (Turbine, Variable Area, and Differential Pressure)
4.8.1. Key market trends, growth factors and opportunities
4.8.2. Market size and forecast, by region
4.8.3. Market share analysis by country

CHAPTER 5: SMART FLOW METER MARKET, BY END USER
5.1. Overview
5.1.1. Market size and forecast
5.2. Water and Wastewater
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Power Generation
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Chemicals
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Food and Beverages
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Oil and Gas
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
5.7. Others
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market share analysis by country

CHAPTER 6: SMART FLOW METER MARKET, BY COMMUNICATION PROTOCOL
6.1. Overview
6.1.1. Market size and forecast
6.2. PROFIBUS
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Modbus
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. HART
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Others
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country

CHAPTER 7: SMART FLOW METER MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Type
7.2.3. Market size and forecast, by End User
7.2.4. Market size and forecast, by Communication Protocol
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Type
7.2.5.1.3. Market size and forecast, by End User
7.2.5.1.4. Market size and forecast, by Communication Protocol
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Type
7.2.5.2.3. Market size and forecast, by End User
7.2.5.2.4. Market size and forecast, by Communication Protocol
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Type
7.2.5.3.3. Market size and forecast, by End User
7.2.5.3.4. Market size and forecast, by Communication Protocol
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Type
7.3.3. Market size and forecast, by End User
7.3.4. Market size and forecast, by Communication Protocol
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Type
7.3.5.1.3. Market size and forecast, by End User
7.3.5.1.4. Market size and forecast, by Communication Protocol
7.3.5.2. UK
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Type
7.3.5.2.3. Market size and forecast, by End User
7.3.5.2.4. Market size and forecast, by Communication Protocol
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Type
7.3.5.3.3. Market size and forecast, by End User
7.3.5.3.4. Market size and forecast, by Communication Protocol
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Type
7.3.5.4.3. Market size and forecast, by End User
7.3.5.4.4. Market size and forecast, by Communication Protocol
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Type
7.3.5.5.3. Market size and forecast, by End User
7.3.5.5.4. Market size and forecast, by Communication Protocol
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Type
7.3.5.6.3. Market size and forecast, by End User
7.3.5.6.4. Market size and forecast, by Communication Protocol
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Type
7.4.3. Market size and forecast, by End User
7.4.4. Market size and forecast, by Communication Protocol
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Type
7.4.5.1.3. Market size and forecast, by End User
7.4.5.1.4. Market size and forecast, by Communication Protocol
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Type
7.4.5.2.3. Market size and forecast, by End User
7.4.5.2.4. Market size and forecast, by Communication Protocol
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Type
7.4.5.3.3. Market size and forecast, by End User
7.4.5.3.4. Market size and forecast, by Communication Protocol
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Type
7.4.5.4.3. Market size and forecast, by End User
7.4.5.4.4. Market size and forecast, by Communication Protocol
7.4.5.5. Australia
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Type
7.4.5.5.3. Market size and forecast, by End User
7.4.5.5.4. Market size and forecast, by Communication Protocol
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Key market trends, growth factors and opportunities
7.4.5.6.2. Market size and forecast, by Type
7.4.5.6.3. Market size and forecast, by End User
7.4.5.6.4. Market size and forecast, by Communication Protocol
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Type
7.5.3. Market size and forecast, by End User
7.5.4. Market size and forecast, by Communication Protocol
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Type
7.5.5.1.3. Market size and forecast, by End User
7.5.5.1.4. Market size and forecast, by Communication Protocol
7.5.5.2. South Africa
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Type
7.5.5.2.3. Market size and forecast, by End User
7.5.5.2.4. Market size and forecast, by Communication Protocol
7.5.5.3. Saudi Arabia
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Type
7.5.5.3.3. Market size and forecast, by End User
7.5.5.3.4. Market size and forecast, by Communication Protocol
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Type
7.5.5.4.3. Market size and forecast, by End User
7.5.5.4.4. Market size and forecast, by Communication Protocol

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1. ABB Ltd.
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. Emerson Electric Corporation
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.3. em-tec GmbH
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.4. General Electric
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.5. Hitachi Ltd. (Hitachi High-Tech Corporation)
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.6. Siemens
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. Honeywell International Inc.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.8. ZENNER International GmbH and Co. KG
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. Peltek India
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Badger Meter, Inc.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance

List of Tables
Table 01. Global Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 02. Smart Flow Meter Market for Magnetic, by Region, 2021-2031 (Revenue, $Million)
Table 03. Smart Flow Meter Market for Coriolis, by Region, 2021-2031 (Revenue, $Million)
Table 04. Smart Flow Meter Market for Ultrasonic, by Region, 2021-2031 (Revenue, $Million)
Table 05. Smart Flow Meter Market for Vortex, by Region, 2021-2031 (Revenue, $Million)
Table 06. Smart Flow Meter Market for Multiphase, by Region, 2021-2031 (Revenue, $Million)
Table 07. Smart Flow Meter Market for Thermal, by Region, 2021-2031 (Revenue, $Million)
Table 08. Smart Flow Meter Market for Others (Turbine, Variable Area, and Differential Pressure), by Region, 2021-2031 (Revenue, $Million)
Table 09. Global Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 10. Smart Flow Meter Market for Water and Wastewater, by Region, 2021-2031 (Revenue, $Million)
Table 11. Smart Flow Meter Market for Power Generation, by Region, 2021-2031 (Revenue, $Million)
Table 12. Smart Flow Meter Market for Chemicals, by Region, 2021-2031 (Revenue, $Million)
Table 13. Smart Flow Meter Market for Food and Beverages, by Region, 2021-2031 (Revenue, $Million)
Table 14. Smart Flow Meter Market for Oil and Gas, by Region, 2021-2031 (Revenue, $Million)
Table 15. Smart Flow Meter Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 16. Global Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 17. Smart Flow Meter Market for Profibus, by Region, 2021-2031 (Revenue, $Million)
Table 18. Smart Flow Meter Market for Modbus, by Region, 2021-2031 (Revenue, $Million)
Table 19. Smart Flow Meter Market for Hart, by Region, 2021-2031 (Revenue, $Million)
Table 20. Smart Flow Meter Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 21. Smart Flow Meter Market, by Region, 2021-2031 (Revenue, $Million)
Table 22. North America Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 23. North America Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 24. North America Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 25. North America Smart Flow Meter Market, by Country, 2021-2031 (Revenue, $Million)
Table 26. U.S. Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 27. U.S. Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 28. U.S. Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 29. Canada Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 30. Canada Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 31. Canada Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 32. Mexico Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 33. Mexico Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 34. Mexico Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 35. Europe Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 36. Europe Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 37. Europe Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 38. Europe Smart Flow Meter Market, by Country, 2021-2031 (Revenue, $Million)
Table 39. Germany Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 40. Germany Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 41. Germany Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 42. UK Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 43. UK Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 44. UK Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 45. France Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 46. France Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 47. France Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 48. Italy Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 49. Italy Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 50. Italy Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 51. Spain Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 52. Spain Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 53. Spain Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 54. Rest of Europe Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 55. Rest of Europe Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 56. Rest of Europe Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 57. Asia-Pacific Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 58. Asia-Pacific Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 59. Asia-Pacific Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 60. Asia-Pacific Smart Flow Meter Market, by Country, 2021-2031 (Revenue, $Million)
Table 61. China Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 62. China Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 63. China Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 64. Japan Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 65. Japan Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 66. Japan Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 67. India Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 68. India Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 69. India Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 70. South Korea Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 71. South Korea Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 72. South Korea Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 73. Australia Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 74. Australia Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 75. Australia Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 76. Rest of Asia-Pacific Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 77. Rest of Asia-Pacific Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 78. Rest of Asia-Pacific Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 79. LAMEA Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 80. LAMEA Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 81. LAMEA Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 82. LAMEA Smart Flow Meter Market, by Country, 2021-2031 (Revenue, $Million)
Table 83. Brazil Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 84. Brazil Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 85. Brazil Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 86. South Africa Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 87. South Africa Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 88. South Africa Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 89. Saudi Arabia Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 90. Saudi Arabia Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 91. Saudi Arabia Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 92. Rest of LAMEA Smart Flow Meter Market, by Type, 2021-2031 (Revenue, $Million)
Table 93. Rest of LAMEA Smart Flow Meter Market, by End-user, 2021-2031 (Revenue, $Million)
Table 94. Rest of LAMEA Smart Flow Meter Market, by Communication Protocol, 2021-2031 (Revenue, $Million)
Table 95. Abb Ltd.: Key Executives
Table 96. Abb Ltd.: Company Snapshot
Table 97. Abb Ltd.: Product Segments
Table 98. Abb Ltd.: Product Portfolio
Table 99. Emerson Electric Corporation: Key Executives
Table 100. Emerson Electric Corporation: Company Snapshot
Table 101. Emerson Electric Corporation: Product Segments
Table 102. Emerson Electric Corporation: Product Portfolio
Table 103. Em-Tec Gmbh: Key Executives
Table 104. Em-Tec Gmbh: Company Snapshot
Table 105. Em-Tec Gmbh: Product Segments
Table 106. Em-Tec Gmbh: Product Portfolio
Table 107. General Electric: Key Executives
Table 108. General Electric: Company Snapshot
Table 109. General Electric: Service Segments
Table 110. General Electric: Product Portfolio
Table 111. Hitachi Ltd. (Hitachi High-Tech Corporation): Key Executives
Table 112. Hitachi Ltd. (Hitachi High-Tech Corporation): Company Snapshot
Table 113. Hitachi Ltd. (Hitachi High-Tech Corporation): Service Segments
Table 114. Hitachi Ltd. (Hitachi High-Tech Corporation): Product Portfolio
Table 115. Siemens: Key Executives
Table 116. Siemens: Company Snapshot
Table 117. Siemens: Product Segments
Table 118. Siemens: Product Portfolio
Table 119. Honeywell International Inc.: Key Executives
Table 120. Honeywell International Inc.: Company Snapshot
Table 121. Honeywell International Inc.: Product Segments
Table 122. Honeywell International Inc.: Product Portfolio
Table 123. Zenner International GmbH and Co. Kg: Key Executives
Table 124. Zenner International GmbH and Co. Kg: Company Snapshot
Table 125. Zenner International GmbH and Co. Kg: Product Segments
Table 126. Zenner International GmbH and Co. Kg: Product Portfolio
Table 127. Peltek India: Key Executives
Table 128. Peltek India: Company Snapshot
Table 129. Peltek India: Product Segments
Table 130. Peltek India: Service Segments
Table 131. Peltek India: Product Portfolio
Table 132. Badger Meter, Inc.: Key Executives
Table 133. Badger Meter, Inc.: Company Snapshot
Table 134. Badger Meter, Inc.: Product Segments
Table 135. Badger Meter, Inc.: Product Portfolio

List of Figures
Figure 01. Smart Flow Meter Market, 2021-2031
Figure 02. Segmentation of Smart Flow Meter Market, 2021-2031
Figure 03. Top Investment Pockets in Smart Flow Meter Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. Low Threat of Substitutes
Figure 07. Moderate Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalsmart Flow Meter Market
Figure 10. Impact of Key Regulation: Smart Flow Meter Market
Figure 11. Patent Analysis by Company
Figure 12. Patent Analysis by Country
Figure 13. Value Chain Analysis: Smart Flow Meter Market
Figure 14. Smart Flow Meter Market, by Type, 2021 (%)
Figure 15. Comparative Share Analysis of Smart Flow Meter Market for Magnetic, by Country 2021-2031 (%)
Figure 16. Comparative Share Analysis of Smart Flow Meter Market for Coriolis, by Country 2021-2031 (%)
Figure 17. Comparative Share Analysis of Smart Flow Meter Market for Ultrasonic, by Country 2021-2031 (%)
Figure 18. Comparative Share Analysis of Smart Flow Meter Market for Vortex, by Country 2021-2031 (%)
Figure 19. Comparative Share Analysis of Smart Flow Meter Market for Multiphase, by Country 2021-2031 (%)
Figure 20. Comparative Share Analysis of Smart Flow Meter Market for Thermal, by Country 2021-2031 (%)
Figure 21. Comparative Share Analysis of Smart Flow Meter Market for Others (Turbine, Variable Area, and Differential Pressure), by Country 2021-2031 (%)
Figure 22. Smart Flow Meter Market, by End-user, 2021 (%)
Figure 23. Comparative Share Analysis of Smart Flow Meter Market for Water and Wastewater, by Country 2021-2031 (%)
Figure 24. Comparative Share Analysis of Smart Flow Meter Market for Power Generation, by Country 2021-2031 (%)
Figure 25. Comparative Share Analysis of Smart Flow Meter Market for Chemicals, by Country 2021-2031 (%)
Figure 26. Comparative Share Analysis of Smart Flow Meter Market for Food and Beverages, by Country 2021-2031 (%)
Figure 27. Comparative Share Analysis of Smart Flow Meter Market for Oil and Gas, by Country 2021-2031 (%)
Figure 28. Comparative Share Analysis of Smart Flow Meter Market for Others, by Country 2021-2031 (%)
Figure 29. Smart Flow Meter Market, by Communication Protocol, 2021 (%)
Figure 30. Comparative Share Analysis of Smart Flow Meter Market for Profibus, by Country 2021-2031 (%)
Figure 31. Comparative Share Analysis of Smart Flow Meter Market for Modbus, by Country 2021-2031 (%)
Figure 32. Comparative Share Analysis of Smart Flow Meter Market for Hart, by Country 2021-2031 (%)
Figure 33. Comparative Share Analysis of Smart Flow Meter Market for Others, by Country 2021-2031 (%)
Figure 34. Smart Flow Meter Market by Region, 2021
Figure 35. U.S. Smart Flow Meter Market, 2021-2031 ($Million)
Figure 36. Canada Smart Flow Meter Market, 2021-2031 ($Million)
Figure 37. Mexico Smart Flow Meter Market, 2021-2031 ($Million)
Figure 38. Germany Smart Flow Meter Market, 2021-2031 ($Million)
Figure 39. UK Smart Flow Meter Market, 2021-2031 ($Million)
Figure 40. France Smart Flow Meter Market, 2021-2031 ($Million)
Figure 41. Italy Smart Flow Meter Market, 2021-2031 ($Million)
Figure 42. Spain Smart Flow Meter Market, 2021-2031 ($Million)
Figure 43. Rest of Europe Smart Flow Meter Market, 2021-2031 ($Million)
Figure 44. China Smart Flow Meter Market, 2021-2031 ($Million)
Figure 45. Japan Smart Flow Meter Market, 2021-2031 ($Million)
Figure 46. India Smart Flow Meter Market, 2021-2031 ($Million)
Figure 47. South Korea Smart Flow Meter Market, 2021-2031 ($Million)
Figure 48. Australia Smart Flow Meter Market, 2021-2031 ($Million)
Figure 49. Rest of Asia-Pacific Smart Flow Meter Market, 2021-2031 ($Million)
Figure 50. Brazil Smart Flow Meter Market, 2021-2031 ($Million)
Figure 51. South Africa Smart Flow Meter Market, 2021-2031 ($Million)
Figure 52. Saudi Arabia Smart Flow Meter Market, 2021-2031 ($Million)
Figure 53. Rest of LAMEA Smart Flow Meter Market, 2021-2031 ($Million)
Figure 54. Top Winning Strategies, by Year
Figure 55. Top Winning Strategies, by Development
Figure 56. Top Winning Strategies, by Company
Figure 57. Product Mapping of Top 10 Players
Figure 58. Competitive Dashboard
Figure 59. Competitive Heatmap: Smart Flow Meter Market
Figure 60. Top Player Positioning, 2021
Figure 61. Abb Ltd.: Net Revenue, 2020-2022 ($Million)
Figure 62. Abb Ltd.: Research & Development Expenditure, 2020-2022 ($Million)
Figure 63. Abb Ltd.: Revenue Share by Segment, 2022 (%)
Figure 64. Abb Ltd.: Revenue Share by Region, 2022 (%)
Figure 65. Emerson Electric Corporation: Net Sales, 2019-2021 ($Million)
Figure 66. Emerson Electric Corporation: Revenue Share by Segment, 2021 (%)
Figure 67. Emerson Electric Corporation: Revenue Share by Region, 2021 (%)
Figure 68. General Electric: Net Revenue, 2019-2021 ($Million)
Figure 69. General Electric: Research & Development Expenditure, 2019-2021
Figure 70. General Electric: Revenue Share by Segment, 2021 (%)
Figure 71. General Electric: Revenue Share by Region, 2021 (%)
Figure 72. Hitachi Ltd. (Hitachi High-Tech Corporation): Net Sales, 2020-2022 ($Million)
Figure 73. Hitachi Ltd. (Hitachi High-Tech Corporation): Research & Development Expenditure, 2020-2022
Figure 74. Hitachi Ltd. (Hitachi High-Tech Corporation): Revenue Share by Segment, 2022 (%)
Figure 75. Hitachi Ltd. (Hitachi High-Tech Corporation): Revenue Share by Region, 2022 (%)
Figure 76. Siemens: Net Revenue, 2019-2021 ($Million)
Figure 77. Siemens: Revenue Share by Segment, 2021 (%)
Figure 78. Siemens: Revenue Share by Region, 2021 (%)
Figure 79. Honeywell International Inc.: Net Revenue, 2019-2021 ($Million)
Figure 80. Honeywell International Inc.: Revenue Share by Segment, 2021 (%)
Figure 81. Badger Meter, Inc.: Net Sales, 2019-2021 ($Million)
Figure 82. Badger Meter, Inc.: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report titled, “Smart Flow Meter Market," The smart flow meter market was valued at $2.7 billion in 2021, and is estimated to reach $5.4 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031.

Smart flow meters are intelligent devices that are used for measuring flows of liquid or gas. they measure the velocity of the liquid or gas at which it is flowing through the pipe or conduit and provide the data. This data is usually real-time data that is used for analysis in several industries. Some of the industries such as oil & gas, water & wastewater, food & beverages, chemical, pharmaceuticals, and petrochemical processing industries are major consumers of the product. The smart flow meters provide higher accuracy, greater rangeability, and advanced flow meter diagnostics, with no moving parts practically eliminating pressure loss common to other types of flow measurement devices. The ultrasonic measurement technology can be applied to custody transfer, allocation measurement, check metering, leak detection, and inventory control applications. The smart flow meters can be used to measure gases and low-viscosity liquids over a wide range of conditions, and with the recent development of multivariable flow measurement capability, they can also directly output referred units such as gas standard volume, liquid standard volume, mass flow, and energy/heat index values such as British Thermal Units (BTU).

The smart flow meter market is driven by several factors that contribute significantly to market growth. Real-time data analysis is a trend that enhances the production and operation process decision makings. It is supported through the Internet of Things (IoT) which offers high accuracy in data readings and analysis. The transition towards IoT-based devices is the new way of running the aforementioned industries. This acts as a driving factor for the smart flow meter market growth. Moreover, the demand for real-time data analysis also acts as a driving factor for the market. The traditional flow meters are mostly outdated as they are slower and offer a lower level of data accuracy. Moreover, safety needs during the operational activities in several end user industries are a major concern among the employees. The employer needs to update and maintain the devices at regular intervals to prevent any mishappenings and accidents. However, for improving accuracy, even a small change in configuration or model leads to increased cost of the products. This technological advancement leads to increased costs per unit. This raises overall product costs that discourage market growth for the smart flow meter market.

In applications like agricultural irrigation, too much flow can flood a crop, leading to rot and a wasted harvest. Too little, which starves plants of water, is just as dangerous. Accurate flow meters remove the guesswork to ensure healthy, productive fields. In places like factories and data centers, cooling water plays a vital role in preventing equipment from overheating. It only does so if cooling systems deliver just the right volume of water, which requires accurate flow meter readings. Smart flow meters are used for getting accurate measurements to prevent loss and damage to property. Manufacturers in the food and beverage industry operating with different fluids, from fruit juice to milk, chocolate & beer, use flow meters for measuring flow while at the same time minimizing waste and energy usage.

The smart flow meter market size is studied based on type, communication protocol, end-user, and region. Depending on the type, the market is divided into magnetic, Coriolis, ultrasonic, vortex, multiphase, thermal, and others (turbine, variable area, and differential pressure). Based on communication protocol, the market bifurcation is done into PROFIBUS, Modbus, HART, and others. By end user, the smart flow meter market is segmented into automotive, water and wastewater, power generation, chemicals, food & beverages, oil and gas, and others. Region-wise, the smart flow meter market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). The key market players operating in the smart flow meter industry are ABB Ltd., Em-tec GmbH, General Electric, Hitachi Ltd. (Hitachi High-Tech Corporation), Siemens AG, Honeywell International Inc., ZENNER International GmbH and Co. KG, Peltek India, Badger Meter, Inc., and Emerson Electric Corporation. In February 2022, KROHNE introduced the FOCUS-1 prototype which is intended to unite valve and measuring technologies with enhanced control functions. It is a standard product specifically developed for process industries.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.

Key findings of the study:

North America is projected to grow at the highest CAGR of approximately 7.7%, in terms of during the smart flow meter market forecast period.

The oil and gas end user segment dominated the smart flow meter market share by over 22.9% in 2021.
  • By type, magnetic smart flow meter dominated the smart flow meter market and is expected to grow at a CAGR of 7.6% during the forecast period.

Companies Mentioned

  • ABB Ltd.
  • em-tec GmbH
  • General Electric
  • Hitachi Ltd. (Hitachi High-Tech Corporation)
  • Siemens
  • Honeywell International Inc.
  • ZENNER International GmbH and Co. KG
  • Peltek India
  • Badger Meter, Inc.
  • Emerson Electric Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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