Market Insights:
Flow Sensors Market size was valued at USD 8.8 Billion in 2021, registering a CAGR of 5.9% during the forecast period (2022-2030), and the market is projected to be worth USD 14.7 Billion by 2030.
Flow sensors are equipment that are used to detect the mass and volume rates of liquids, solids, and steam, among other things. These flow sensors are widely utilised in a variety of sectors, including food and beverage, chemical and pharmaceutical, pulp and paper, and aerospace. This flow metre can detect even the smallest flow with exceptional precision.
Flow Sensors Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Differential Pressure (DP), Positive Displacement (PD), Magnetic, Wired, Wireless, Ultrasonic, Coriolis, Turbine, Vortex), By Application (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverage), By Power Type (Electric, Solar, Battery Powered), By Pipe Size (2 inches, 4 inches, 6 inches, More than 6 inches) and companies (Honeywell International Inc.; HÖNTZSCH GMBH & CO. KG; Krohne Messtechnik Gmbh; Siemens; Yokogawa Electric Corporation, ABB Ltd.; Emerson Electric Corporation; em-tec GmbH; Endress+Hausar AG; General Electric; Hitachi High-Tech Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.9%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Flow Sensors in the Sensors & Controls industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Flow Sensors also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Flow Sensors in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 14.7 Billion |
| CAGR (2022-2030) | 5.9% |
| By Product | Differential Pressure (DP), Positive Displacement (PD), Magnetic, Wired, Wireless, Ultrasonic, Coriolis, Turbine, Vortex |
| By Application | Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverage |
| By Power Type | Electric, Solar, Battery Powered |
| By Pipe Size | 2 inches, 4 inches, 6 inches, More than 6 inches |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Honeywell International Inc.; HÖNTZSCH GMBH & CO. KG; Krohne Messtechnik Gmbh; Siemens; Yokogawa Electric Corporation, ABB Ltd.; Emerson Electric Corporation; em-tec GmbH; Endress+Hausar AG; General Electric; Hitachi High-Tech Corporation |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Flow Sensors market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Honeywell International Inc.; HÖNTZSCH GMBH & CO. KG; Krohne Messtechnik Gmbh; Siemens; Yokogawa Electric Corporation, ABB Ltd.; Emerson Electric Corporation; em-tec GmbH; Endress+Hausar AG; General Electric; Hitachi High-Tech Corporation
Market Segment Analysis:
By Product
- Differential Pressure (DP)
- Positive Displacement (PD)
- Magnetic
- Wired
- Wireless
- Ultrasonic
- Coriolis
- Turbine
- Vortex
- Others
By Application
- Water & Wastewater
- Oil & Gas
- Chemicals
- Power Generation
- Pulp & Paper
- Food & Beverage
- Others
By Power Type
- Electric
- Solar
- Battery Powered
By Pipe Size
- 2 inches
- 4 inches
- 6 inches
- More than 6 inches
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Flow Sensors industries in the region.
Key Flow Sensors Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Flow Sensors Market segments.
– Largest Market Share Held by Industry to Industry for Flow Sensors
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Flow Sensors Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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