Flow Meter Market Size, Share, Growth & Forecast 2025

1. 2015 – 2025 GLOBAL FLOW METER MARKET COMPETITION, FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

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20. Scope of Report Product of Interest (POI): Flow Meter A flow meter is a device used for the measurement of volumetric, mass, linear and non-linear flow rate of a gas or fluid. The performance of a flow meter relies on aspects such as density, pressure, viscosity and temperature of the liquid. Advancement in technologies and improved R & D in the flow meter manufacturing sector has led to the advent of smart flow measurement solutions, which is anticipated to fuel the demand for flow meters across the globe over the coming years. Market Segmentation APPLICATION TYPE • Magnetic • Coriolis • Ultrasonic • Differential Pressure • Positive Displacement • Turbine • Vortex • Others (Thermal and Multi • -phase meters) Review Period 2015 – 2018 Base Year 2019 Estimated Year 2020 Forecast Period 2021 – 2025 • Water & Wastewater • Oil & Gas • Chemicals & Petrochemicals • Power Generation • Pulp & Paper • Food & Beverages • Others (Pharmaceuticals, Metals, and Mining etc) Flow Meter Market Year Range REGION • Asia-Pacific • North America • Europe • South America • Middle East & Africa

21. Product Overview Coriolis Ultrasonic Magnetic Type A Coriolis flow meter measures mass through inertia. It contains a tube which is energized by a fixed vibration. Magnetic flow meter is a volumetric meter which does not have any moving parts and is ideal for wastewater applications or any dirty liquid which is water based. Ultrasonic flow meter measures the velocity of a fluid with acoustic vibrations to calculate volume flow. Positive Displacement Turbine Differential Pressure Positive displacement flow meters measure the volumetric flow rate of a moving fluid or gas by dividing the media into fixed, metered volumes. Differential pressure flowmeters use the differential pressure principle to measure the flow of liquids, gases, and steam. These meters are the most popular equipment to measure flow electronically. They offer a wide flow and application rangeability. Turbine flow meters are easy to maintain, durable and versatile. Vortex A vortex flow meter is a flow measurement device best suited for flow measurements where the introduction of moving parts creates problems.

22. Research Methodology

23. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire • In-depth secondary research was conducted to determine top players in global flow meter market, overall market size and segmental market size. • The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about global flow meter market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers

24. Research Methodology • Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of global flow meter market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global flow meter market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as service providers, industry experts, etc. • The team interviewed more than 30 companies, 20 industry experts and other value chain stakeholders in global Flow Meter market to obtain the overall market size during 2015-2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2015-2019.

25. Research Methodology • Respondents were asked about the current and future market growth rates, as well as market shares by type, by end-use, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares bytype, by end-use, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading flow meter manufacturers. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies in global flow meter market. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software.

26. Research Methodology • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global flow meter market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium- and long-term period to estimate and analyze market demand scenario.

27. Industry Brief According to TechSci Research report, “Global Flow Meter Market By Type , By End- Use, By Region, Competition, Forecast & Opportunities, 2025”, the global flow meter market was valued at $ 7.7 billion in 2019 and is expected to witness a decline in 2020 on account of COVID-19 pandemic. With manufacturing sector having temporarily stopped operations across the globe, the COVID-19 outbreak is expected to significantly impact the global flow meter market, which is anticipated to decline by over 25% in 2020. Nevertheless, the global flow meter market is expected to recover from 2021 onwards and witness consistent growth until 2025. Huge investments in refining, chemicals, energy & power industries, growing industrial infrastructure activities and rapid urbanization will significantly contribute to enhance the demand for flow meters across the globe. The global flow meter market can be segmented based on type, end-use and region. In terms of type, the market can be categorized into Magnetic, Coriolis, Ultrasonic, Differential Pressure, Positive Displacement, Turbine, and Vortex. The Ultrasonic flow meter segments is the fastest-growing segment of the flow meters market on account of their low maintenance and reliability. These meters are accurate and can be used for custody transfer of petroleum and natural gas. ABB Limited, Emerson Electric Company, Siemens AG, Honeywell International Inc, General Electric Company, Schneider Electric, Badger Meter Inc., Azbil Corporation, Endress + Hauser, and Yokogama Electric Corporation are among the leading players operating in the global flow meter market. Companies operating in the market are using organic strategies such as product launches, as well as mergers and collaborations for increasing value generation, cost efficiency and market share. In September 2019, Badger Inc. introduced Dynasonics® TFX-5000, a versatile Ultrasonic & Energy meter for use in wastewater treatment & oil and gas applications. In July 2019, Emerson acquired software and automation business of Zedi to expand its product portfolio to oil and gas industry. “Asia-Pacific was the largest market for flow meter in 2019, and the same trend is anticipated to continue over the next five years as well, due to surging demand from growing economies, especially China and India. ​Rapid urbanization across developing countries in APAC drives the need for proper water and wastewater management as well as power generation. As a result, demand for flow meters in water and wastewater application is expected to remain high in the region until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm

28. Sample Data - Snapshot • Global Flow Meter Market Size, By Value (USD Billion), By Volume (Million Units), 2015-2025F CAGR (2020E-2025F) By Value: xx% By volume: xx% CAGR (2015-2019) By Value: xx% By volume: xx% • North America Flow Market Share, By Type, By Value, 2015-2025F • Mexico Flow Market Share, By End-Use, By Value, 2015-2025F

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30. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Partial List of Clients Related Reports Global Smart Meters Market Forecast & Opportunities, 2024 Global Flow Meter Market Opportunities and Forecast, 2024 India Smart Meter Market Forecast and Opportunities, 2025 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.