North Flowmeters Market Size is projected to reach USD 4,449.14 million by 2027, growing at a CAGR of 5.7%

April 11, 2023

Market Analysis and Insights: North America Flowmeters Market

Flowmeters market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a stronger CAGR of 5.7% in the forecast period of 2020 to 2027and expected to reach USD 4,449.14 million by 2027 from USD 2,871.51 million in 2019. Rising government initiatives to cut down the footprint of the greenhouse emission from the environment is major factors for the market growth.

Flowmeter is a device that measures the flow of gas, liquid, gas or vapor which passes through it. Flowmeters includes transmitter, transducer, and primary devices. The role of transducer is to sense the fluid that passes through primary devices. Afterwards, transmitter generates a usable signal with help of transducer signal. Flowmeters having wide range of applications in industries, which including building automation, water & wastewater, marine, food & beverage, metals & mining, power & utilities, oil & gas, and pharmaceutical.

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North America Flowmeters Market Scope and Market Size

Flowmeters market is segmented on the basis of type, product type, transmission method, measured medium, end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Based on type, the market is segmented into positive displacement, differential pressure, vortex, magnetic, coriolis, thermal, ultrasonic, turbine, paddle wheel and others. The differential pressure accounted largest market share as it has been widely adopted in the pharmaceutical, beverage, HVAC, waste, water, mining, metals, paper and pulp, and many others. The main reason for its adoption is that these industries are mainly require flow measurement devices that has capability to measure the flow of liquid or gas where the liquid flowing at fast speed.
Based on product type, the market is segmented into analog and digital. Analog accounted largest market share as these flowmeter runs without the need of power. Owing to this factor it has been widely prefer in large number of end use industries.
Based on transmission method, the market is segmented into wired and wireless. Wireless flowmeter accounted largest market share is due to the growing replacement of traditional flow meter with smart technology.
Based measured medium the market is segmented into liquid, gases and steam, hybrid. Liquid accounted largest market share as the growing demand of volumetric flowmeter has positively increased the demand for measuring liquid.

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Competitive Landscape and Flowmeters Market Share Analysis

Flowmeters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, , product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to flowmeters market.