Global Ultrasonic Flow Meter Market Size to worth USD 3.11 Billion by 2033: Forecast Analysis Report

Global Ultrasonic Flow Meter Market Size to worth USD 3.11 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Ultrasonic Flow Meter Market Size is Expected to Grow from USD 1.85 Billion in 2023 to USD 3.11 Billion by 2033, at a CAGR of 5.33% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Ultrasonic Flow Meter Market Size, Share, and COVID-19 Impact Analysis, By Type (Spool Piece, Insertion, Clamp-On, and Others), By Number of Paths (3-Path Transit Time, 4-Path Transit Time, 5-Path Transit Time, and 6 or More Path Transit Time), By Technology (Transit Time- Single/Dual path, Transit Time- Multipath, Doppler, and Hybrid), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

Ultrasonic flow meter refers to a flow meter that measures the fluid velocity with ultrasound to calculate volume flow. These meters work by delivering ultrasonic pulses through the fluid and timing how long it takes for the pulses to go upstream and downstream, in contrast to conventional flow meters that use mechanical components or physical barriers to detect flow. Clamp-on ultrasonic flow meters have new prospects as a result of the integration of smart technologies and the Internet of Things (IoT) into industrial operations. This is creating lucrative market growth opportunities for these devices as the wireless connection feature on these devices enables real-time data analysis and monitoring, improving operational effectiveness and decision-making. The widespread use of ultrasonic flowmeters in sectors such as wastewater, chemicals, mining, metals, etc. is driving the market growth. On the contrary, the higher upfront of ultrasonic flowmeters compared to other flowmeter options is challenging market growth.

The clamp-on segment is anticipated to register the fastest CAGR growth during the forecast period.

Based on the type, the global ultrasonic flow meter market is divided into spool pieces, insertion, clamp-on, and others. Among these, the clamp-on segment is anticipated to register the fastest CAGR growth during the forecast period. The minimal maintenance, long service life, and ease of integration of new technology are the features of clamp-on ultrasonic flow meters that drive the market demand for applications such as custody flow and process flow.

The 4-path transit time segment dominated the market with the largest market share in 2023.

Based on the number of paths, the global ultrasonic flow meter market is divided into 3-path transit time, 4-path transit time, 5-path transit time, and 6 or more path transit time. Among these, the 4-path transit time segment dominated the market with the largest market share in 2023. It is appropriate for more demanding applications since it uses four ultrasonic channels to detect flow and has a higher accuracy than 3-path meters.

The transit time-single/dual path segment is expected to hold the largest market share during the forecast period.

 Based on the technology, the global ultrasonic flow meter market is divided into transit time- single/dual path, transit time- multipath, doppler, and hybrid. Among these, the transit time-single/dual path segment is expected to hold the largest market share during the forecast period. This technology measures the flow rate by measuring the time difference between upstream and downstream signal transmissions using one or two ultrasonic pathways.  

Asia Pacific is projected to hold the largest share of the global ultrasonic flow meter market over the forecast period.

Asia Pacific is projected to hold the largest share of the global ultrasonic flow meter market over the forecast period. The rapid infrastructural development, urbanization, and industrialization in several nations as well as the widespread usage of the device in manufacturing, chemicals, power generating, water and wastewater management, oil and gas, and other industries are significantly contributing to driving the market in the region. In addition, the growing number of investments in the various infrastructure activities in developing economies like China and India are driving the market demand.

Europe is predicted to grow at the fastest CAGR in the ultrasonic flow meter market over the forecast period. Factors, such as industrial automation, infrastructure development, and environmental regulations are contributing to regional market growth. Technological advancements, such as the integration of these flow meters with IoT platforms and digitalization trends are driving the market growth of ultrasonic flow meters. The growing power generation sector in the region is driving the market demand for ultrasonic flow meters.

Competitive Analysis

Major key players in the ultrasonic flow meter market include Baker Hughes Company, Siemens AG, Emerson Electric Co., Fuji Electric Co., Ltd., KROHNE Group, Endress+Hauser Group Services AG, Badger Meter, Inc., Danfoss, ifm electronic gmbh, Aichi Tokei Denki Co., Ltd., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2024, Siemens USA announced the release of a fully upgraded and expanded SITRANS FC Coriolis Mass Flowmeter portfolio. With this release, there is a significant enhancement of offerings and capabilities.

• In March 2024, global automation technology leader Emerson released the Rosemount 9195 Wedge Flow Meter, a fully integrated solution consisting of a wedge primary sensor element, supporting components, and a selectable Rosemount pressure transmitter.

• In February 2024, With OPTIBAR FC 1000, KROHNE introduced a compact, high-performance flow computer for volumetric flow calculation and heat quantity measurement of liquids and gases, including saturated steam and superheated steam.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global ultrasonic flow meter market based on the below-mentioned segments:

Global Ultrasonic Flow Meter Market, By Type  

• Spool Piece
• Insertion
• Clamp-On
• Others

Global Ultrasonic Flow Meter Market, By Number of Paths  

• 3-Path Transit Time
• 4-Path Transit Time
• 5-Path Transit Time
• 6 or More Path Transit Time

Global Ultrasonic Flow Meter Market, By Technology  

• Transit Time- Single/Dual path
• Transit Time- Multipath
• Doppler
• Hybrid

Global Ultrasonic Flow Meter Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa