The global ultrasonic flowmeters market size is estimated to reach USD 735.5 million in 2023. Over the assessment period, global ultrasonic flowmeter sales will likely climb at 4.8% CAGR. By 2033, total market value is expected to reach around USD 1.2 billion.
Clamp-on transducers are expected to dominate the worldwide ultrasonic flowmeters industry during the forecast period. This is due to their portable and easy installation features. The latest ultrasonic flowmeters market report analysis estimates the target segment to thrive at 4.6% CAGR through 2033.
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Market to Expand Over 1.6X, Despite Drop in Expected CAGR
The global market for ultrasonic flowmeters is estimated to expand over 1.6X during the assessment period despite a slight drop in the predicted CAGR compared to the historical one. This is due to rapid industrial growth globally and rising need for non-invasive and accurate flow measurement devices.
High Accuracy Providing Transit-time Ultrasonic Flowmeters an Edge
Transit time ultrasonic flowmeters and doppler ultrasonic flowmeters are commonly used flow measurement devices globally. This is attributable to several advantages that these solutions offer.
Transit time ultrasonic flowmeters measure the time it takes for an ultrasound signal to travel upstream and downstream through the fluid. Doppler ultrasonic flowmeters measure an ultrasound signal's frequency shift reflected off bubbles or particles in the fluid.
Among the two types, transit-time ultrasonic flowmeters are expected to dominate the target market despite a reduced predicted CAGR. This is due to several advantages of transit time technology-based ultrasonic flowmeters.
Transit-time ultrasonic flowmeters are mostly used for clean liquids and gasses. These flowmeters can be calibrated for high accuracy. They are generally used in water & wastewater treatment, food & beverage processing, oil & gas production, HVAC systems, and other applications.
Doppler ultrasonic flowmeters are expected to witness a higher demand during the forecast period. This is due to growing usage of these flowmeters in slurries, raw wastewater, and mining applications.
United States to Remain at the Epicenter of Market Growth
With a predicted valuation of USD 207.3 million in 2033, the United States is set to dominate the global ultrasonic flowmeters market. This is attributable to rapid growth of industries like oil & gas, mining, and food & beverage, increasing adoption of non-invasive & accurate flow measurement solutions, and strong presence of leading manufacturers.
Portable and Clamp-on Ultrasonic Flowmeters Gathering Huge Momentum
Today, industries are inclined towards using more convenient and non-invasive ultrasonic flowmeters to measure the flow of liquids and gasses. This creates a high demand for products like portable and clamp-on ultrasonic flowmeters.
Portable and clamp-on ultrasonic flowmeters are gaining wider popularity as they offer several advantages. For instance, clamp-on ultrasonic flowmeters can be installed without cutting into the pipe. Similarly, portable ultrasonic flowmeters are ideal for temporary or spot measurements.
| Attributes | Key Insights |
|---|---|
| Global Ultrasonic Flowmeters Market Value in 2022 | USD 694.5 million |
| Estimated Ultrasonic Flowmeters Market Size (2023) | USD 735.5 million |
| Expected Market Size (2033) | USD 1.2 billion |
| Predicted Ultrasonic Flowmeters Market CAGR (2023 to 2033) | 4.8% |
Since old times, flow measurement has been a key parameter to monitor, control, and check the flow rate of fluid flowing through a channel or section. For this purpose, several types of flowmeters are used. These include mass flow meters, ultrasonic flow meters, positive-displacement flowmeters, and anemometers.
Devices that use ultrasound technology to measure the flow of fluids, including liquids and gasses, are known as ultrasonic flowmeters. These volumetric flow meters are gaining immense traction because of their high accuracy, versatility, and non-invasive nature. Their non-intrusive nature allows them to work without interfering with the flow.
Ultrasonic flowmeters have become valuable instruments for measuring fluid flow rates across diverse industries. They offer non-invasive and accurate flow measurement capabilities.
Ultrasonic flowmeters offer several advantages over conventional flow measurement methods. These include non-intrusive measurement, no moving parts, high accuracy, and minimal maintenance requirements. These advantages make them ideal for industries requiring more efficient and reliable flow measurement solutions.
Ultrasonic flowmeters are particularly useful in applications where contamination or pressure drop is a concern. Growing adoption of ultrasonic flowmeters across industries like food & beverage, water & wastewater, HVAC systems, and oil & gas is expected to drive the global ultrasonic flowmeter market forward.
Burgeoning demand for non-invasive flow measurement solutions will likely bolster ultrasonic flowmeter sales through 2033. Thanks to its non-invasive nature, ultrasonic flowmeters do not require direct contact with the fluid for measurement purposes.
Several industries opt for non-invasive technologies like ultrasonic flowmeters. This is because they allow them to avoid pressure drop, contamination, and maintenance challenges associated with traditional flow measurement methods.
As ultrasonic flowmeters eliminate the risk of contamination, they are witnessing high demand from food & beverage, pharmaceutical, oil & gas, and chemical industries. Expansion of these industries will likely uplift ultrasonic flowmeter demand over the forecast period.
Products like smart ultrasonic flowmeters are setting new standards in flow measurement. These flowmeters have sensors and communication capabilities that enable them to collect and share data remotely.
Global sales of ultrasonic flowmeters grew at 6.4% CAGR between 2018 and 2022. Total market value reached about USD 694.5 million. In the forecast period, the worldwide ultrasonic flowmeters industry is poised to exhibit a CAGR of 4.8%.
| Historical CAGR (2018 to 2022) | 6.4% |
|---|---|
| Forecast CAGR (2023 to 2033) | 4.8% |
During 2018 and 2022, the global ultrasonic flowmeters market witnessed robust growth. This was primarily due to high demand for reliable and non-invasive flow measurement devices and the expansion of water & wastewater infrastructure.
As ultrasonic flowmeters do not need contact with the measured fluid, they eliminate the risk of contamination. This prompted end users during the historical period to install them, and the trend is likely to continue in the upcoming years.
Several factors are expected to stimulate growth in the ultrasonic flowmeters industry in the forecast period. These include rising demand for accurate and non-invasive water flow measurement devices and expansion of industries like oil & gas, power generation, food & beverage, and water & wastewater.
Ultrasonic flowmeters are extremely reliable and accurate for flow measurements. This makes them a popular choice for process control applications in various industries.
Flow measurement solution demand is also growing due to increased water scarcity and high need for efficient water management. Countries are expanding their water and wastewater treatment infrastructure to improve water quality and comply with regulations and standards. This is likely to uplift ultrasonic flowmeter demand.
The exponential growth of the oil & gas industry worldwide is forecast to boost ultrasonic flowmeter sales. This is because they are widely used for applications like custody transfer, production monitoring, and pipeline monitoring.
Growing need for measuring crude oil from extraction to production facilities is creating a high demand for ultrasonic flowmeters. Several existing oil refineries are focusing on upgradation and modernization of refineries. This will boost the target market further.
Rising adoption of automation in diverse industries is anticipated to fuel sales of ultrasonic flowmeters. These flowmeters can be easily incorporated into automated systems to improve efficiency and reduce costs.
Increasing demand for renewable energy sources like solar and wind power is forecast to create growth prospects for ultrasonic flowmeter manufacturers. Ultrasonic flow meters are increasingly used to monitor and measure the flow of fluids in renewable energy systems.
Developing new hybrid and portable ultrasonic flowmeters is anticipated to boost the target market further. Manufacturers are developing new technologies to enhance the accuracy and reliability of their products. With these factors, the latest ultrasonic flowmeters market analysis estimates total revenues to reach USD 1.2 billion by 2033.
Key Challenges in the Ultrasonic Flowmeters Market
The table below highlights key countries’ ultrasonic flowmeters market revenue. China, the United States, and Japan are the three key markets for ultrasonic flowmeters, with expected valuations of USD 177.2 million, USD 207.3 million, and USD 135.0 million, respectively, in 2033.
Countries like India, Korea, and the United Kingdom are also expected to present lucrative opportunities for ultrasonic flowmeter manufacturers. This is attributable to rapid industrial growth and rising popularity of non-invasive flow measurement solutions.
| Countries | Market Value (2033) |
|---|---|
| United States | USD 207.3 million |
| United Kingdom | USD 43.1 million |
| China | USD 177.2 million |
| Japan | USD 135.0 million |
| South Korea | USD 66.0 million |
Below table shows the estimated ultrasonic flowmeters market growth rates of top five countries. China, South Korea, and Japan are set to record higher CAGRs of 5.4%, 6.1%, and 6.0% respectively through 2033.
| Countries | Projected Ultrasonic Flowmeters Market CAGR (2023 to 2033) |
|---|---|
| United States | 4.9% |
| United Kingdom | 5.0% |
| China | 5.4% |
| Japan | 6.0% |
| South Korea | 6.1% |
The table below highlights the top five countries’ historical market growth rates. With CAGRs of 8.0%, 7.4%, and 9.0%, respectively, Japan, the United Kingdom, and South Korea were the key markets for ultrasonic flowmeters between 2018 and 2022.
| Countries | Historical Ultrasonic Flowmeters Market CAGR (2018 to 2022) |
|---|---|
| United States | 6.7% |
| United Kingdom | 7.4% |
| China | 7.2% |
| Japan | 8.0% |
| South Korea | 9.0% |
The United States ultrasonic flowmeters market size is anticipated to reach around USD 207.3 million by 2033. Overall, ultrasonic flowmeter sales in the United States are predicted to surge at 4.9% CAGR.
Several factors are expected to drive sales of ultrasonic flowmeters in the United States. These include rising oil & gas activities, implementing stringent environmental regulations, and growing need for advanced flow measurement solutions.
In recent years, there has been a dramatic increase in oil & gas activities across the United States. For instance, as per the USA Energy Information Administration (EIA), the United States' oil production reached 11.2 million barrels daily in December 2020.
The sharp rise in oil & gas activities is expected to fuel demand for ultrasonic flowmeters in the United States. These flow measurement devices are often used in the oil & gas industry for production monitoring, custody transfer, and pipeline monitoring.
The United States government and other regulatory bodies are implementing strict regulations related to water & wastewater, energy efficiency, and emissions monitoring. This is expected to power up sales of ultrasonic flowmeters as they are used in compliance monitoring and environmental applications.
Rising adoption of smart ultrasonic flowmeters across several industries is expected to improve the United States ultrasonic flowmeters market share through 2033. With these dynamics, the United States will likely retain its dominance in the global market.
China ultrasonic flowmeters market value is projected to total USD 177.2 million by 2033. In the forecast period, ultrasonic flowmeters market demand in China is set to rise at 5.4% CAGR.
The ultrasonic flowmeters industry in China is expected to record steady growth through 2033. This is attributable to rapid industrial growth, heavy presence of leading ultrasonic flowmeter manufacturers, and surging demand for non-invasive flow measurement.
Industries across China are interested in using non-invasive technologies to avoid contamination, pressure drop, and maintenance challenges of conventional flow measurement devices. Thanks to their non-invasive nature, this is expected to fuel demand for ultrasonic flowmeters.
Flow measurement solutions, such as portable and clamp-on ultrasonic flowmeters, are becoming popular across China. This is due to their several advantages over traditional flowmeters.
Rapid penetration of industrialization and urbanization is also creating a high demand for ultrasonic flowmeters. These flow measurement devices are used in various industries, ranging from oil & gas and chemicals to water & wastewater and power generation.
As per the latest analysis, the United Kingdom ultrasonic flowmeters market is forecast to be valued at USD 43.1 million in 2033. Demand for ultrasonic flowmeters in the country will likely increase at 5.0% CAGR during the assessment period.
The United Kingdom market is set to thrive steadily over the forecast period. This is attributable to rising energy efficiency initiatives and rapid expansion of the renewable energy sector.
Increasing energy efficiency initiatives in industrial and commercial sector is acting as a catalyst fueling ultrasonic flowmeter demand in the United Kingdom. These solutions are increasingly used to monitor and optimize energy consumption in industrial processes and HVAC systems.
Escalating demand for renewable energy sources like wind and solar power is another prominent factor expected to fuel ultrasonic flowmeter sales in the country. This is because these flowmeters are widely used in renewable energy systems to monitor and measure the flow of liquids.
Japan ultrasonic flowmeters industry is poised to exhibit a CAGR of 6.0% during the assessment period. Historically, ultrasonic flowmeter sales in the country grew at 8.0% CAGR. By 2033, Japan is expected to attain a valuation of USD 135.0 million.
Japan's ultrasonic flow meters market is forecast to expand rapidly due to several factors. These include rising adoption of industrial automation and increasing demand for accurate flow measurement solutions.
As industries across Japan continue to adopt automation and control systems, demand for accurate and real-time flow measurement data is rising. This is set to bolster sales of ultrasonic flowmeters.
Ultrasonic flowmeters are becoming suitable for integration into automated processes. This is due to their ability to provide precise measurements. These flow measurement devices can help to optimize manufacturing processes and improve efficiency.
South Korea is projected to register a CAGR of 6.1% during the assessment period compared to the 9.0% CAGR recorded from 2018 to 2022. By 2033, total market valuation in the country is set to reach USD 66.0 million.
Multiple factors are expected to spur growth in South Korea ultrasonic flowmeters industry. These include expansion of water & wastewater infrastructure and availability of technologically advanced flow measurement instruments.
The Korean government is investing heavily in water and wastewater infrastructure development. This is expected to create demand for ultrasonic flowmeters, which play a key role in water treatment and distribution systems.
High penetration of Industry 4.0 and growing usage of non-intrusive flow measurement solutions in retrofitting applications are anticipated to improve Korea's ultrasonic flowmeters market share further. Hence, it will likely remain a lucrative market for manufacturers.
Below section shows the clamp-on segment dominating the market based on transducer type. It is expected to progress at a 4.6% CAGR between 2023 and 2033.
The transit-time segment is projected to hold a prominent market share based on technology. It is anticipated to thrive at a CAGR of 4.5% during the forecast period.
| Top Segment (Transducer Type) | Clamp-on |
|---|---|
| Predicted CAGR (2023 to 2033) | 4.6% |
The ultrasonic flowmeters market by transducer type is categorized into clamp-on, inline, spool piece, and others. Among these, clamp-on transducers are expected to remain a highly sought-after type through 2033. This is due to rising importance of clamp-on transducers in non-invasive ultrasonic flow measurement systems.
As per the latest report, the clamp-on segment is anticipated to thrive at 4.6% CAGR during the forecast period. Historically, the target segment registered a CAGR of 6.2%.
Clamp-on ultrasonic transducers are sensors used in ultrasonic flowmeters and other measurement applications. They are designed to be attached to the outside of the pipe without the need for direct contact with the fluid.
Clamp-on transducers are versatile and can be used with different pipe sizes and materials. This makes them suitable for retrofitting existing pipelines and non-invasive flow measurement.
The portability, cost-effectiveness, and easy installation nature of clamp-on transducers make them popular globally. These transducers are portable and often require less time for installation.
Growing usage of clamp-on transducers in non-invasive flow measurement systems, including ultrasonic flowmeters, is expected to boost the target segment. Similarly, the rising popularity of clamp-on ultrasonic flowmeters will foster segment growth due to their several benefits.
Amid soaring popularity of clamp-on ultrasonic flowmeters, a steady growth rate has been predicted for the global clamp-on ultrasonic flowmeters market in the upcoming years. This is expected to boost further the clamp-on segment of the global ultrasonic flow meter market.
| Top Segment (Technology) | Transit-time |
|---|---|
| Predicted CAGR (2023 to 2033) | 4.5% |
The ultrasonic flowmeters market by technology is segmented into transit-time, hybrid, and doppler. Among these, the transit-time segment is forecast to lead the ultrasonic flow meters market, accounting for a dominant share by 2033.
Historically, transit-time segment exhibited a CAGR of 6.0%. The same segment is projected to thrive at a CAGR of 4.5% during the assessment period. This is due to growing usage of transit-time ultrasonic flowmeters in several applications.
Transit time ultrasonic flowmeters are gaining wider popularity because of their high accuracy, versatility, and non-invasive nature. They measure the time it takes for an ultrasound signal to travel upstream and downstream through the fluid.
Transit time ultrasonic flowmeters are used in a wide range of applications. These include chemical processing, HVAC systems, water & wastewater treatment, oil & gas production, and food & beverage processing. High usage in these applications is expected to boost the target segment.
Key manufacturers of ultrasonic flowmeters listed in the ultrasonic flow meter market report include Badger Meter, Inc., CMC Technologies Pty Limited, Bronkhorst High-Tech B.V., Eastern Energy Services Pte Ltd, Danfoss A/S, Eastech Flow Controls, ELIS PLZEN a. s., and Emerson Electric Company.
These prominent ultrasonic flowmeter companies constantly upgrade their portfolios by launching new and enhanced solutions. They also employ mergers, partnerships, acquisitions, agreements, collaborations, and alliances to strengthen their global footprint.
Recent Developments in Ultrasonic Flowmeters Market:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 735.5 million |
| Projected Market Value (2033) | USD 1.2 billion |
| Expected Growth Rate (2023 to 2033) | 4.8% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume (Units), and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Transducer Type, Technology, Application, and Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Companies Profiled | Badger Meter, Inc; Bronkhorst High-Tech B.V.; CMC Technologies Pty Limited; Danfoss A/S; Eastech Flow Controls; Eastern Energy Services Pte Ltd; ELIS PLZEN a. s.; Emerson Electric Company |
The global market size reached USD 694.5 million in 2022.
The global market value is estimated to total USD 735.5 million in 2023.
By 2033, the market size is expected to reach USD 1.2 billion.
The global market registered a CAGR of 6.4% from 2018 to 2022.
Global demand is expected to rise at 4.8% CAGR through 2033.
Adoption of portable and smart ultrasonic flowmeters is a key trend in the market.
Thriving at 4.6% CAGR, clamp-on transducers will likely remain most popular type.
Ultrasonic flowmeters and anemometers are few of the accurate flowmeters.
Ultrasonic flowmeters are highly accurate and reliable.
With USD 207.3 million valuation in 2033, the United States is set to dominate the global market.
Badger Meter, Inc and Bronkhorst High-Tech B.V. are among few market leaders.
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Ultrasonic Flowmeters Market
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