Selbyville, Delaware, May 06, 2020 (GLOBE NEWSWIRE) -- The global ultrasonic flow meter market recorded a valuation of USD 1,338.5 million in 2019 and is anticipated to amass substantial proceeds over 2020-2025 owing to its use in vivid applications in industries like oil and gas and power sectors. Ultrasonic flow meter has been considered to be a cost-effective technology. Large scale penetration of energy industry globally has been deemed to be one of the profound factors for the growth of ultrasonic flow meter market.
The analysis tracks accomplishments of market rivals, their share in the market, projected business share, and strategic initiatives for sustaining their presence across the global market. Report also includes information that may prove to be beneficial to various ultrasonic flow meter vendors, government and policy makers, regulatory authorities, consulting and advisory firms, and investment banks and equity firms.
Moreover, ongoing advancements of multi-path maters and growing demand for flow meters for custody transfer applications are also likely to accelerate the revenue graph of ultrasonic flow meter industry.
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In addition to this, an upsurge in the transmission and distribution of oil and gas by increasing number of new facilities has fueled the demand for flow control systems. Besides, producers have been laying their focus on innovating flow meter applications across pulp and paper and F&B industries. However, gas global exploration projects have remained the center of focus for these manufacturers.
Based on the regional demographics, the ultrasonic flow meter industry has been diversified into umpteen geographies such as North America, Europe, Asia Pacific, and MEA. The United States ultrasonic flow meter market is poised to garner tremendous gains over the forecast year due to elevating production and manufacturing activities by myriad top notch industries like Cameron International, Emerson, Badger Meter, Sierra Instruments, and multiple others.
COVID-19 effect on global ultrasonic flow meter market
Given that ongoing COVID-19 pandemic has been disrupting the global economy and lives, the world trade is estimated to fall by 13 per cent to 32 per cent in 2020 attributing to surging coronavirus spread. Some of the factors that are expected to undermine the product consumption include, regional virus outbreak, weaker global demand, lower oil prices, and financial market volatility.
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The worldwide ultrasonic flow meter market is divided on the basis of technology, end-users, and region:
Ultrasonic Flow Meter Market Technology Analysis (Revenue, USD Million, 2015-2025)
Ultrasonic Flow Meter Market End Users Analysis (Revenue, USD Million, 2015-2025)
Ultrasonic Flow Meter Market Regional Analysis (Revenue, USD Million, 2015-2025)
Asia-Pacific
North America
Europe
Middle East & Africa
Ultrasonic Flow Meter Market Competitive Landscape Analysis (Revenue, USD Million, 2015-2025)
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
2.1 APAC region to witness the fastest growth
2.2 Concentration on Product and Market development strategies
2.3 Focus on technologically Advanced and Cost-Effective Equipment
3. Ultrasonic Flow Meter: Product Overview
4. Global Ultrasonic Flow Meter Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2015-2019
4.2 Market Size, By Value, Year 2020-2025
4.3 Global Economic & Industrial Outlook
5. Global Ultrasonic Flow Meter Market Segmentation, By End Users
5.1 Global Ultrasonic Flow Meter Market: Segment Analysis
5.2 Competitive Scenario of Global Ultrasonic Flow Meter Market: By End Users (2019 & 2025)
5.3 By Water & Waste Water Market Size and Forecast (2015-2025)
5.4 By Oil & Gas- Market Size and Forecast (2015-2025)
5.5 By Chemical Market Size and Forecast (2015-2025)
5.6 By Power Market Size and Forecast (2015-2025)
5.7 By Others Market Size and Forecast (2015-2025)
6. Global Ultrasonic Flow Meter Market Segmentation, By Measurement Technology
6.1 Global Ultrasonic Flow Meter Market: Segment Analysis
6.2 Competitive Scenario of Global Ultrasonic Flow Meter Market: By Measurement Technology (2019 & 2025)
6.3 By Transit-Time Market Size and Forecast (2015-2025)
6.4 By Doppler Market Size and Forecast (2015-2025)
6.5 By Hybrid Market Size and Forecast (2015-2025)
7. Global Ultrasonic Flow Meter Market: Regional Analysis
8. Americas Ultrasonic Flow Meter Market: An Analysis
9. Europe Ultrasonic Flow Meter Market: An Analysis
10. Asia Pacific Ultrasonic Flow Meter Market: An Analysis
Related Report:
Smart Metering Systems Market Size, Share & Forecast, 2018 – 2024
Smart Metering Systems Market is predicted to exceed USD 21 billion by 2024; as per new research report. Introduction of several government plans and incentives to promote the adoption of energy efficient system will drive the industry growth. Several countries have introduced regulatory directives to promote the installation of AMI meters as a part of energy conservation initiatives. In 2016, Berea (Ohio) partnered with Badger Meter and NECO, a metering firm for the development of smart water meters project.
Growing adoption of automation systems across energy sector to ensure load management, customer service improvement and energy conservation will enhance the product penetration. The product enables the end users to provide real time information regarding the energy utilization and execute consumption decision.
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