According to a new study by Fact.MR, a market research and competitive intelligence provider, the global ultrasonic flow meter market is estimated at US$ 2.15 billion in 2024 and is projected to expand at a CAGR of 6.7% from 2024 to 2034.
The market is expanding at a significant pace, driven by growing demand for accurate and non-intrusive flow measurement solutions across various industries. Ultrasonic flow meters utilize ultrasonic technology to measure fluid velocity without disrupting the flow, making them a preferred choice for applications in water and wastewater management, oil and gas, chemicals, and other sectors.
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Key Companies Profiled in This Report
- Honeywell International Inc.
- OMEGA Engineering Inc.
- General Electric
- Emerson Electric Co.
- Greyline Instruments
- Siemens AG
- KRONE Group
- Endress+Hauser Management AG
- Hontzsch GmbH & Co. KG
- Energoflow AG
- Fuji Electric Co., Ltd.
- HONDA Electronics Co., Ltd.
- MIB GmbH
- Pietro Fiorentini S.p.A
- KOBOLD Messring GmbH
- Tokyo KEISO Co., Ltd.
- Tokyo Keiki
- Dynaflox Shanghai Co., Ltd.
Key Takeaways from Market Study
- The global ultrasonic flow meter market is forecasted to reach US$ 4.11 billion by the end of 2034.
- Sales of ultrasonic flow meters in the United States are predicted to increase at a CAGR of 7.3% through 2034.
- Demand for ultrasonic flow meters in Japan is pegged at a market value of US$ 207.6 million for 2024.
- Sales of clamp-on ultrasonic flow meters are forecasted to rise at a CAGR of 6.8% from 2024 to 2034.
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