Ultrasonic Flow Meters Market Size (2024 - 2029)

The ultrasonic flow meter market is experiencing growth driven by advancements in technology and increasing applications across various industries. The development of time-of-flight ultrasonic technology has expanded its use in waste and clean water management, while non-intrusive clamp-on methods are benefiting sectors such as water, food, chemical, and oil and gas by allowing for measurement without disrupting operations. The market's expansion is further supported by the need for accurate flow measurement in processes like pasteurization and energy balancing in breweries. Additionally, the COVID-19 pandemic has heightened the demand for ultrasonic flow meters due to increased focus on water safety and biological wastewater treatment systems.

Market Size of Ultrasonic Flow Meters Industry

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Ultrasonic Flow Meters Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.14 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Ultrasonic Flow Meters Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Ultrasonic Flow Meters Market Analysis

The Ultrasonic Flow Meters market is expected to register a CAGR of 6.14% over the forecast period (2021 - 2026). Ultrasonic flow meter using doppler technology was traditionally designed to deliver blood flow analysis, which eventually led the ultrasonic flow meters for industrial applications. The development of time-of-flight ultrasonic technology in the 1990s served as a turning point. The time-of-flight flow meters extended applications in the waste and clean water industries. Technological progress in flow meters is still evolving due to the development of sophisticated sensors, microprocessors, and lithium batteries, amongst other technical advancements.

  • Also, non-intrusive based flow meter requirements led to the development of the Clamp-on method, which benefitted water, food, chemical, process, and building services industries due to their ability to measure in-situ flow rates from outside. It has also been extended to ultrasonic transducers clamped to the outside of pipework, for no downtime or disruption across Oil and Gas industries. Another significant segment across O&G and chemical industries that witness increased preferences for ultrasonic flow meters are flare gas monitoring. With multiple vendors offering different solutions, a major chemical company in Texas sought a metering solution for vent gas applications in their Flameless Thermal Oxidizer (FTO) system. Siemens offered their SITRANS FS230, a clamp-on ultrasonic gas flow meter with a non-intrusive sensor, toward wet gas vents and dry gas vents.
  • As of February 2020, Fluenta SA, a provider of ultrasonic flare gas measurement technology for the oil and gas and chemical processing industries, announced the extension of distributorship in Australia. By onboarding Aquip Systems Pty Ltd, the company has extended its sales and technical services for FGM 160 meters throughout the Australian market. Developments based on improving the flow meter accuracy and end applications were ongoing. For instance, as of February 2020, Flow Technology Inc. introduced the QCT Series of in-line ultrasonic flow meters for low-viscosity liquid applications. Being designed as a compact version, it features a cost-effective solution for measuring low viscosity liquids in the chemical, biopharmaceutical, food and beverage, pharmaceutical, plastics, and power generation sectors, to name a few.
  • Also, with significant food and beverage production processes, including pasteurization, brewing, sterilization, washing, and cleaning requiring steam, it becomes essential to have accurate measurements of the quantity produced to optimize burner control, for instance, and operate as efficiently as possible. Likewise, Krombacher Brewery Group, based in Germany, resorted to Krohne for a suitable measuring technology solution for its auxiliary and supply processes for energy balancing. The company supplied 16 UFM 3030 ultrasonic flow meters for the heating water measurements and vortex flow meters and a couple of other temperature sensors. This led the brewery to access measurement data that detects heat and flow rate losses in the circuits.
  • The COVID-19 outbreak has shown a positive impact on the ultrasound flow meters market. Firstly, as per the World Health Organization (WHO), the water supply must be kept safe, owing to the chances of transmission of the virus that can quickly grow through sewage water. This factor drives the adoption of biological wastewater treatment systems, and it may impel the ultrasound flow meters market growth during the pandemic. Many countries' government bodies and non-profit organizations are taking initiatives to create awareness about water safety and security during this outbreak. For example, more than 2500 companies are aligned with water quality associations in the United States to ensure good quality of water supply to dialysis centers and residential and commercial sectors.

Ultrasonic Flow Meters Industry Segmentation

An ultrasonic flow meter is utilized in the measurement of liquid velocity with the use of ultrasound for the analysis of the volume of liquid flow. This is a volumetric flow meter that requires minute particles such as bubbles within the liquid flow. These meters are suitable for wastewater applications but are not ideal for drinking/distilled water. So this type of flow meter is used for the applications wherever chemical compatibility, low-pressure drop, and low maintenance are required.

By Mounting Method
Clamp-on
In-line
By End User Industry
Oil and Gas
Water and Wastewater
Chemical and Petrochemical
Industrial (F&B, Aerospace, Automotive)
Other End User Industries (Life Sciences, Mining and Metals, etc.)
Geography
North America
Europe
Asia-Pacific
Rest of the World
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Ultrasonic Flow Meters Market Size Summary

The Ultrasonic Flow Meter market is experiencing significant growth, driven by advancements in technology and increasing demand across various industries. Initially developed for medical applications, ultrasonic flow meters have evolved to serve industrial purposes, particularly in water and wastewater management. The introduction of time-of-flight technology in the 1990s expanded their use in waste and clean water sectors. Non-intrusive measurement methods, such as the Clamp-on technique, have further enhanced their applicability in industries like oil and gas, chemicals, and food and beverage, allowing for seamless flow measurement without disrupting operations. The market is characterized by continuous technological innovations, including the integration of sophisticated sensors and microprocessors, which are improving the accuracy and efficiency of flow measurement solutions.

The market landscape is highly competitive, with numerous vendors offering a range of ultrasonic flow meters tailored to different industrial needs. Key players such as Baker Hughes, Endress+Hauser, Honeywell, and Emerson Electric are prominent in the market, providing solutions that cater to various media pressures, temperatures, and construction materials. The COVID-19 pandemic has also positively impacted the market, as the need for safe water supply and wastewater management has become more critical. Regions like Asia-Pacific are witnessing rapid urbanization, driving the demand for efficient water and wastewater treatment solutions. The market's growth is further supported by strategic collaborations and product launches aimed at enhancing measurement accuracy and expanding application ranges, ensuring the continued adoption of ultrasonic flow meters across diverse sectors.

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Ultrasonic Flow Meters Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Impact of COVID-19 on the Ultrasonic Flowmeters Market

    4. 1.4 Analysis on Key Measuring Technology

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Mounting Method

      1. 2.1.1 Clamp-on

      2. 2.1.2 In-line

    2. 2.2 By End User Industry

      1. 2.2.1 Oil and Gas

      2. 2.2.2 Water and Wastewater

      3. 2.2.3 Chemical and Petrochemical

      4. 2.2.4 Industrial (F&B, Aerospace, Automotive)

      5. 2.2.5 Other End User Industries (Life Sciences, Mining and Metals, etc.)

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Rest of the World

Ultrasonic Flow Meters Market Size FAQs

The Ultrasonic Flow Meters Market is projected to register a CAGR of 6.14% during the forecast period (2024-2029)

Baker Hughes Company (GE), Endress+Hauser Group Services AG, Fuji Electric Co. Ltd , Honeywell International Inc. and Emerson Electric Co. are the major companies operating in the Ultrasonic Flow Meters Market.

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