Intelligent flow meters are designed to ensure the accuracy and convenience of flow measurement, easy deployment, increased flexibility, and embedded intelligence for cooperatively delivering value-added services.The intelligent flow meter market is likely to witness significant growth in the coming future; a key driving factor is benefits of accuracy, stability, and reliability provided by intelligent flow meters. The global intelligent flow meter market size is projected to grow from USD 2.5 billion in 2020 to USD 3.1 billion by 2025 at CAGR of 4.4% during the forecast period.
ABB (Switzerland), Emerson Electric (US), Siemens (Germany), Endress+Houser (Switzerland), Honeywell International (US), Yokogawa Electric (Japan), Baker Hughes (US), and Azbil (Japan) are some of the key players in intelligent flow meter market.
Emerson Electric offers flow measurement systems under its Automations Solutions segment. This segment majorly caters to process, discrete, and hybrid industries, supporting them to magnify production and protect plant personnel as well as the environment while minimizing their energy and operating costs. The company provides a range of flow meters such as Coriolis, magnetic, differential pressure, vortex, ultrasonic, multiphase, watercut, and turbine types.
Endress+Hauser offers a diverse range of intelligent flow meters such as Coriolis, electromagnetic, differential pressure, ultrasonic, vortex, and thermal types under its Process Instrumentation and Automation segment. The company’s flow meters are majorly used in process industries such as chemicals, oil & gas, and food & beverages for acquiring accurate measurement results of the liquid and gas processed in these industries to analyze this data for further decisions.
Yokogawa Electric is engaged in designing, developing, and manufacturing intelligent flow meters. The company’s Industrial Automation and Control Business comprises the intelligent flow meter portfolio that includes magnetic flow meters, vortex flow meters, Coriolis flow meters, and variable area flow meters. It serves various industries such as oil, chemicals, natural gas, electric power, iron and steel, pulp & paper, pharmaceutical, and food.
Intelligent Flow Meter Market with COVID-19 Impact by Type (Magnetic, Coriolis, Ultrasonic, Vortex, Multiphase, Thermal, Turbine, Variable Area, & Differential Pressure), Offering, Communication Protocol, Industry, and Region - Global Forecast to 2025
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