How big is the Intelligent Flow Meter Market?

The Intelligent Flow Meter Market size is expected to reach USD 3.34 billion in 2024 and grow at a CAGR of 5.59% to reach USD 4.37 billion by 2029. Read More

What is the current Intelligent Flow Meter Market size?

In 2024, the Intelligent Flow Meter Market size is expected to reach USD 3.34 billion. Read More

Who are the key players in Intelligent Flow Meter Market?

Emerson Electric Co., ABB, Siemens, Honeywell International Inc. and Endress+Hauser Group Services AG are the major companies operating in the Intelligent Flow Meter Market. Read More

Which is the fastest growing region in Intelligent Flow Meter Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Intelligent Flow Meter Market?

In 2024, the North America accounts for the largest market share in Intelligent Flow Meter Market. Read More

What years does this Intelligent Flow Meter Market cover, and what was the market size in 2023?

In 2023, the Intelligent Flow Meter Market size was estimated at USD 3.16 billion. The report covers the Intelligent Flow Meter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Intelligent Flow Meter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Intelligent Flow Meter Market - Share, Analysis & Research

Intelligent Flow Meter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Intelligent Flow Meter Market Size and it is Segmented by Type (Coriolis, Magnetic, Ultrasonic, Multiphase, Vortex, Variable Area, Differential Pressure, Thermal, Turbine), Communication Protocol (Profibus, Modbus, Hart), End-user Industry (Oil and Gas, Pharmaceuticals, Water and Wastewater, Paper and Pulp, Power Generation, Food and Beverages), and Geography.

Intelligent Flow Meter Industry Overview

The global intelligent flow meter market is fragmented, with each vendor providing multiple flowmeters for various industries. The competitive rivalry among existing competitors is high. Moreover, the demand in the intelligent flowmeter market is expected to be boosted by large companies' product innovation and expansion strategies. The flowmeter market has some major manufacturers, such as Siemens AG, Emerson Electric, Sensirion, and others, contributing to the competitive rivalry. Such vendors are established and have deep penetration in the market for flow meters. Some of the key developments in the area are:

February 2022 - KROHNE unveiled the FOCUS-1 prototype as an innovation that unites valve and measuring technology with unique diagnostics and control functions in one device. FOCUS-1 is available as a standard product, which is claimed by the company as the world's first intelligent process node specifically developed for the process industries.
December 2021 - ABB introduced the world's first electromagnetic flowmeter with bidirectional connectivity to enable intelligent water loss management.