Spool piece segment is Expected to Dominate the Global Oil & Gas Ultrasonic Flowmeter Market.
Need for ultrasonic flowmeters in the oil and gas
sector for custody transfer applications is major factor attributable to the
growth of the market.
According to
TechSci Research report, “Global Oil & Gas
Ultrasonic Flowmeter Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”. The Global Oil & Gas
Ultrasonic Flowmeter is anticipated to project robust growth in the forecast
period with a CAGR of 7.36% through 2028.
The demand for ultrasonic flowmeters is driven by their exceptional accuracy in
measuring and calculating fluid velocity. The notable efficiency and precision
of ultrasonic flowmeters can be attributed to their non-mechanical operation,
which eliminates wear and tear and minimizes pressure drop. Additionally, these
flowmeters allow bidirectional measurements and are particularly effective for
clamp-on applications. The non-invasive nature of ultrasonic flowmeters further
contributes to their appeal, as they can obtain measurements without direct
contact with the fluid or the need for pipe cutting. These flowmeters are
renowned for their accuracy, reliability, and low maintenance requirements.
Furthermore, the increasing energy demand and subsequent growth in refinery
operations have significantly bolstered the demand for ultrasonic flow meters.
Emerging markets, particularly in Asia-Pacific, Latin America, and
Africa, are currently undergoing rapid industrialization and urbanization.
These regions require flow measurement solutions to support infrastructure
development, water management, and industrial processes. The integration of
ultrasonic flowmeters with Industry 4.0 principles and the Internet of Things
(IoT) offers significant opportunities. Real-time monitoring, predictive
maintenance, and remote data access are increasingly crucial aspects for
industrial processes.
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Figures spread through 188 Pages and an in-depth TOC on " Global Oil & Gas Ultrasonic Flowmeter Market"
Based on technology, the
Transit-time segment is expected to dominate the market during the forecast
period. When the liquid is at rest, the travel times of upstream and downstream
signals are equal. However, in the presence of flow, the upstream signal requires
more time to travel compared to the downstream signal, and this time difference
is accurately measured. Transit-time flowmeters find extensive application in
process industries for measuring chemical flows. Their compatibility with a
wide range of chemicals and corrosive fluids makes them highly valuable in such
applications. In power plants, transit-time flowmeters are employed to measure
cooling water flows, monitor fuel consumption, and ensure precise boiler
feedwater control for efficient operation and accurate billing. Clamp-on or
non-invasive transit-time flowmeters can be easily installed externally, making
them suitable for retrofitting onto existing pipelines without causing
disruption to ongoing operations. Industries are increasingly adopting
transit-time flowmeters to meet environmental regulations pertaining to water
usage and wastewater discharge. By providing accurate flow measurements for
optimization, transit-time flowmeters greatly support energy-efficient
operations. In summary, the Transit-time segment in the Global Ultrasonic
Flowmeter Market stands out for its accuracy, versatility, and applicability
across diverse industries. As industries place greater emphasis on accurate
flow measurement, environmental compliance, and energy efficiency, transit-time
flowmeters continue to play a crucial role in meeting these needs. Furthermore,
advancements in digital integration and increased awareness of their benefits
are anticipated to drive further growth in this segment.
Based on Region, Asia-Pacific
to be the Fastest Growing Market. The Asia Pacific region is expected to
dominate the market during the forecast period.
The Asia-Pacific region plays a crucial role in the Global Ultrasonic
Flowmeter Market, driven by rapid industrialization, urbanization, and
substantial investments in infrastructure development across various sectors.
The region's
diversified economies and industries contribute to the demand for ultrasonic
flowmeters in a wide range of applications, including water and wastewater
management as well as oil and gas production. With continuous industrial
expansion, particularly in countries such as China, India, Japan, South Korea,
and Southeast Asian nations, there is a growing need for flow measurement
solutions across various industries.
Additionally, the
significant focus on water and wastewater management due to rapid urbanization
and population growth in many Asian countries has intensified the adoption of
ultrasonic flowmeters in monitoring influent and effluent flow rates in
wastewater treatment plants and distribution networks.
Moreover,
Asia-Pacific countries, including China and India, are major consumers and
producers of oil and natural gas, making ultrasonic flowmeters crucial for
custody transfer applications, pipeline monitoring, and production processes.
Furthermore, the integration of ultrasonic flowmeters with digital technologies
and the Internet of Things (IoT) is gaining momentum, enabling real-time
monitoring, predictive maintenance, and remote data access, in line with
Industry 4.0 principles.
In conclusion,
the Asia-Pacific region serves as a significant growth driver for the Global
Ultrasonic Flowmeter Market. The combination of rapid industrialization,
infrastructure development, environmental concerns, and a focus on
digitalization is fueling the demand for ultrasonic flowmeters across diverse
applications. As industries increasingly prioritize efficiency, compliance, and
sustainability, the Asia-Pacific market for ultrasonic flowmeters is expected to
continue expanding and evolving
Key market
players in the Global Oil & Gas
Ultrasonic Flowmeter Market are following:-
- Baker Hughes Company (GE)
- Endress+Hauser Group Services AG
- Fuji Electric Co. Ltd
- Honeywell International Inc.
- Emerson Electric Co.
- Badger Meter Inc.
- Omega Engineering Inc (Spectris plc)
- KROHNE Group
- Teledyne Technologies Incorporated
- Bronkhorst High-Tech BV
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“Asia Pacific is
expected to be the dominating region during the forecast period. Numerous countries
in the region are spearheading water conservation initiatives, propelling the
uptake of ultrasonic flowmeters for effective water management and leak
detection. Industries in the Asia-Pacific are placing greater emphasis on
energy efficiency, with ultrasonic flowmeters playing a pivotal role in
optimizing processes to minimize energy consumption and emissions.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Oil & Gas Ultrasonic Flowmeter Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Transducer
Type (Spool piece, Inline, Clamp-on and Others), By Technology (Transit-time,
Doppler and Hybrid), By Region, Competition 2018-2028 has evaluated
the future growth potential of Global Oil
& Gas Ultrasonic Flowmeter Market and provides statistics and information
on market structure, size, share, and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities
present in the Global Oil & Gas
Ultrasonic Flowmeter Market.
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