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Intelligent Flow Meter Market Size, Share, Global Forecast to 2025

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MarketsandMarkets™

The global intelligent flow meter market size was valued at USD 2.5 billion in 2020 and is projected to reach USD 3.1 billion by 2025; it is expected to grow at a CAGR of 4.4% from 2020 to 2025.


The growth of the intelligent flow meter market is majorly driven by the benefits of accuracy, stability, and reliability provided by intelligent flow meters, high demand for these flow meters in chemicals and water & wastewater industries, and rising investments in industrial infrastructure activities.

 

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The hardware segment is expected to lead the intelligent flow meter market in 2020, holding the largest share of the market. Hardware components offered by intelligent flow meter solution providers mainly include sensors, data loggers, chart recorders, and transmitters. These devices are considered to be the main components of intelligent flow meter systems. They are the main source through which the data related to flow measurement is obtained on a timely basis. The data extracted by hardware components enables an effective analysis and feedback control for managing the liquid and gas flow through pipes. Therefore, hardware holds a significant portion of the overall market for flow measurement systems.

 

Magnetic flow meters are expected to contribute the largest share to the intelligent flow meter market during the forecast period. Magnetic flow meters are most significantly used in the water & wastewater industry, which is the major end user of the intelligent flow meter market. These flow meters are also used for flow measurement in industries such as chemicals, food & beverages, pulp & paper, power generation, metals & mining among others. These flow meters can effectively measure the fluid or gas flow in both the forward and reverse directions in the pipe with high accuracy. Magnetic flow meters require low maintenance costs as they do not have any moving components in them. Owing to these benefits over other types, magnetic flow meters are largely adopted in industries and are expected to dominate the market during the forecast period.

 

APAC is expected to lead the intelligent flow meter market by contributing the largest share in 2020. This growth can be attributed to a number of factors such as the rising demand for efficient and accurate measurement devices, increasing industrial infrastructural activities, and high demand for intelligent flow meters in chemicals and water & wastewater industries. The presence of prominent players in the intelligent flow meter market such as Yokogawa Electric (Japan), Azbil (Japan), and Fuji Electric (Japan) support the growth of the market in the region to a large extent.


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