“Global Flow Sensors Market to reach a market value of USD 12.8 Billion by 2031 growing at a CAGR of 6.2%”
The Global Flow Sensors Market size is expected to reach $12.8 billion by 2031, rising at a market growth of 6.2% CAGR during the forecast period.
Europe has strict environmental and safety regulations that require precise flow measurement for compliance. These sensors are essential for monitoring emissions, ensuring safety, and adhering to quality standards. Consequently, the European region would acquire nearly 31% of the total market share by 2031.
Industrial automation involves using advanced control systems, robotics, and software to perform tasks that were traditionally done by humans. In addition, automation is fundamentally about improving efficiency and productivity. Industries can streamline operations, reduce downtime, and minimize human error by integrating these sensors into automated systems. Thus, rising demand for industrial automation is driving the market’s growth.
Additionally, these sensors are vital for managing and optimizing the use of resources such as water, fuel, and energy. By providing accurate measurements of fluid and gas flows, these sensors help industries monitor consumption levels, identify inefficiencies, and make data-driven adjustments to minimize waste. Also, the shift towards renewable energy sources, such as solar, wind, and bioenergy, requires precise flow measurement to manage the flow of energy and resources in these systems. Hence, demand for energy efficiency and sustainability is driving the growth of the market.
However, these sensors, particularly those designed for high accuracy, extreme conditions, or specialized applications, can be costly. The integration of these sensors into existing systems and processes is frequently a complex process. This complexity arises from ensuring compatibility with existing equipment, software, and control systems. Custom integration may be required, leading to additional costs and technical challenges. Thus, high initial costs and installation complexity hinder the market’s growth.
Based on type, the market is divided into gas and liquid. The liquid segment witnessed a 49% revenue share in the market in 2023. Many industrial processes involve the flow of liquids, including manufacturing, chemical processing, and water treatment.
On the basis of technology, the market is segmented into differential flow, coriolis, ultrasonic, vortex, and other. In 2023, the coriolis segment attained 24% revenue share in the these sensors market. Coriolis meters measure mass flow directly and are less affected by temperature, pressure, or viscosity changes. This reduces the need for additional compensation and simplifies the measurement process.
By application, the market is divided into process industries, automotive, healthcare & medical, environmental, consumer electronics, and others. The automotive segment procured 22% revenue share in the market in 2023. These sensors are crucial for optimizing engine performance. They help monitor and control the flow of various fluids, such as fuel, air, and coolant, ensuring efficient combustion and engine operation.
Free Valuable Insights: Global Flow Sensors Market size to reach USD 12.8 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region witnessed 36% revenue share in the market. North America has a well-established and advanced industrial sector, including manufacturing, chemical processing, and oil and gas.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 7.9 Billion |
| Market size forecast in 2031 | USD 12.8 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 6.2% from 2024 to 2031 |
| Number of Pages | 232 |
| Number of Tables | 390 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Technology, Application, Region |
| Country scope |
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| Companies Included | RECHNER Industrie-Elektronik GmbH, Proxitron GmbH, Siemens AG, Sika AG, TE Connectivity Ltd. (First Sensor AG), Emerson Electric Co., Sick AG, Omega Engineering, Inc. (Arcline Investment Management), Christian Bürkert GmbH & Co. KG and TSI Incorporated |
By Type
By Technology
By Application
By Geography
This Market size is expected to reach $12.8 billion by 2031.
Rising demand for industrial automation are driving the Market in coming years, however, High initial costs and complexity of installation restraints the growth of the Market.
RECHNER Industrie-Elektronik GmbH, Proxitron GmbH, Siemens AG, Sika AG, TE Connectivity Ltd. (First Sensor AG), Emerson Electric Co., Sick AG, Omega Engineering, Inc. (Arcline Investment Management), Christian Bürkert GmbH & Co. KG and TSI Incorporated
The expected CAGR of this Market is 6.2% from 2024 to 2031.
The Differential Flow segment led the Market by Technology in 2023; thereby, achieving a market value of $4 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4.4 billion by 2031.
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