According to a market report by Lucintel, the future of the global ultrasonic flow meter market looks promising with opportunities in the oil & gas, power generation, and water & wastewater markets. The global ultrasonic flow meter market is expected to reach an estimated $0.9 billion by 2030 from $0.7 billion in 2024, at a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing use of transit-time ultrasonic flowmeters in a variety of settings, rising automation adoption rates, strong industrial growth, and a growing need for precise and non-invasive flow metering equipment.
A more than 150-page report to understand trends, opportunity and forecast in ultrasonic flow meter market to 2030 by implementation type (clamp-on, inline, and others), technology (transit-time, doppler, and hybrid), paths (1 path transit-time, 2 path transit-time, and 3 and above path transit-time), end use (oil & gas, power generation, water & wastewater, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the technology category, transit-time will remain the largest segment over the forecast period because of its benefits in bidirectional and accurate flow measurement.
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In terms of regions, APAC will remain the largest region over the forecast period because the majority of the top companies in the flow meters market have manufacturing operations in Asia Pacific, where production costs are cheaper than in other areas.
Siemens, Danfoss, Fuji Electric, Badger Meter, GE are the major suppliers in the ultrasonic flow meter market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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