Flow Meters Market worth $7.9 Billion by 2019

Wednesday 30 April 2014, Amsterdam

The report, “Flow Meters Market by Type (Differential Pressure, Positive Displacement, Magnetic, Ultrasonic, Coriolis Turbine, Vortex and Others) and by Application (Water & Wastewater, Oil & Gas, Refining & Petrochemicals, Food & Beverages, Chemicals, Power Generation, and Others) - Global Trends & Forecast to 2019”, defines and segments the global flow meters market with an analysis and forecast for types and applications by volume. The flow meters market consumption will grow from an estimated $5.26 billion in 2013 to $7.9 billion by 2019, with a CAGR of 7.2% from 2014 to 2019.

North America, Europe, and Asia-Pacific dominated the global flow meters market in 2013 and accounted for over 84.1% of the market. The developed regions dominate the flow meters market due their mature markets which consist of hygiene conscious population requiring water and waste water flow meters. Country wise, U.S. is the leading consumer of global flow meters and is projected to grow at a CAGR much lower than the global average till 2019. On the other hand, Asia-Pacific is estimated to witness a double digit CAGR through 2019. The flow meters market in this region is growing because of the rising refining and petrochemicals, chemicals, mining, pharmaceuticals, and food industry.

The magnetic flow meter ranks first in the global flow meter market with more than 22.5% share by value. The fastest growth rate till 2019 is expected to be experienced by ultrasonic and coriolis used in oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceutical industries which will continue to expand in the coming years. Water and waste water dominates the flow meters market by application in terms of value.