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Flow Meter Market Trends

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

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Flow Meter Market Trends

The use of corrosion-resistant metals such as steel and Hastelloy makes Coriolis and magnetic flow meters expensive. Additionally, magnetic flow meters have non-moving parts that don't wear out, further adding to their cost compared to other types of flow meters. As a result, the high cost of these devices may impede their growth in the years to come.

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.