Lucintel Forecasts Flow Meter Market to Reach $XX Billion by 2028

According to the recent study the flow meter market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by rising industrial automation in developing nations, increasing demand for flow rate measurement in O&G management applications, and growing adoption of IoT sensors based smart metering solutions.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in flow meter market by meter type (differential pressure, positive displacement, ultrasonic, turbine, magnetic, coriolis, vortex, and others), product (analog and digital), power type (electric, solar and battery powered), pipe size (up to 2 inches, 4 inches, 6 inches, and more than 6 inches), end use industry (water & wastewater, oil & gas, chemicals, power generation, pulp & paper, food & beverage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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“Battery powered market is expected to remain the largest segment during the forecast period.”
Based on power type, the flow meter market is segmented into electric, solar and battery powered. Lucintel forecasts that the battery powered market is expected to remain the largest segment due to its ease of use, low energy density, affordability and rechargeable batteries.
“Within the flow meter market, the oil & gas segment is expected to remain the largest end use industry”
Based on end use industry the oil & gas segment is expected to witness the highest growth over the forecast period due to the rapid growth of the industry, rising government initiatives to surge protection and safety regarding environmental issues and rising requirement for precise flow measurement under different temperature range.
“Asia pacific will dominate the flow meter market in near future”