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Flow Meter Market Size

Report ID: GMI5075
Published Date: Feb 2023
Report Format: PDF

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Flow Meter Market Size

Flow Meter Market size was worth over USD 8 billion mark in 2022 and is projected to grow at a CAGR of over 7% from 2023 to 2032. A remarkable surge in pharmaceutical production aided by the increasing disease burden and the onset of the COVID-19 pandemic will propel flow meter sales during the next ten years.

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Countries such as France, India, and the U.S. have undertaken various initiatives and introduced several schemes to boost their pharmaceutical sector., The increasing product utilization across the food & beverages sector, influenced by the mounting uptake of packaged food items in developed regions such as North America, will create favorable growth prospects for the flow meter industry through 2032.

Flow Meter Market Report Attributes
Report Attribute	Details
Base Year:	2022
Flow Meter Market Size in 2022:	USD 8 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7%
2032 Value Projection:	USD 15 billion
Historical Data for:	2018 to 2022
No. of Pages:	230
Tables, Charts & Figures:	393
Segments covered:	Product Type, Industry Vertical
Growth Drivers:	Increase in pharmaceutical production amid to COVID-19 pandemic Government initiatives to propel semiconductor manufacturing industry in developing countries Growing oil & gas and wastewater industry Rise in the use of the flow metres at renewable energy application
Pitfalls & Challenges:	High cost of coriolis and magnetic flow meters

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Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Global Market size for flow meter surpassed USD 8 billion in 2022 and is predicted to grow at over 7% CAGR from 2023 to 2032, given a noticeable rise in pharmaceutical production globally.

The differential flow meter market share was worth over USD 2 billion in 2022 and is poised to witness substantial growth through 2032, attributed to the increasing utilization of differential flow meters in a range of oil and power generation applications.

The overall flow meter industry value from the oil & gas segment is anticipated to surpass USD 4 billion in revenues by 2032, owing to the increasing demand for ultrasonic flow meters to measure fluid flow rate at extreme temperatures and pressures across the oil & gas industry.

Asia Pacific flow meter industry is estimated to witness over 8% CAGR from 2023 to 2032 driven by the accelerating sales of packaged food items across major regional economies such as India and China.