The Latin America, Middle East and Africa Flow Meters Market would witness market growth of 9.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 305.77 Thousand Units, showcasing a growth of 7.2% (2024-2031).
The chemical industry relies on flow meters for precise measurement and control of fluids, including aggressive chemicals, solvents, and slurries. Accurate flow measurement is critical for ensuring safety, optimizing production processes, and maintaining product quality. Coriolis, magnetic, and ultrasonic flow meters are widely used due to their ability to measure corrosive and viscous liquids. The chemical sector's diverse and complex operations require flow meters that can handle varying pressures, temperatures, and chemical compositions. Thus, the Chemicals Segment in Brazil market consumed a volume of 7.77 Thousand Units in 2023.
The Brazil market dominated the LAMEA Flow Meters Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $306 million by 2031. The Argentina market is showcasing a CAGR of 9.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.8% during (2024 - 2031).
Agriculture also uses these meters to measure and regulate water flow in irrigation systems and optimize water usage and crop yield. In precision farming, these meters are employed to dispense fertilizers and pesticides accurately, contributing to efficient and sustainable agriculture practices. For instance, in the Netherlands, where sustainable agriculture is a focus, mass flow meters are used in automated fertigation systems to deliver precise nutrient doses to greenhouse crops like tomatoes and cucumbers.
Moreover, these meters assess the flow of slurries in the mining and minerals processing sectors, ensuring efficient transportation and processing of raw materials. For instance, at the Grasberg Mine in Indonesia, one of the world's largest gold mines, magnetic flow meters are deployed to track slurry movement from ore processing plants to tailings storage facilities, reducing wastage and improving process efficiency. Additionally, in South Africa’s platinum mining sector, Coriolis flow meters help measure cyanide and acid flow rates during ore refining, ensuring proper chemical dosing and minimizing operational risks.
Across this region, countries such as Brazil, Saudi Arabia, and South Africa are investing in smart infrastructure, renewable energy, and industrial modernization, leading to increased adoption of advanced flow metering technologies. Brazil, the largest economy in Latin America, is experiencing a high demand for these meters in industries such as oil & gas, agriculture, and water treatment. The country’s petrochemical sector, led by Petrobras, is expanding its offshore oil extraction activities, increasing the need for Coriolis and ultrasonic flow meters to monitor oil and gas flow in deep-sea drilling operations. Power plants in Saudi Arabia often use substantial amounts of water for cooling. These meters are employed in hydropower plants in Saudi Arabia to measure water flow through turbines. As Saudi Arabia invests in the modernization and expansion of its power generation infrastructure, the demand for advanced flow meters is expected to grow to meet the requirements of upgraded facilities. Therefore, this market will expand across the LAMEA region in the coming years due to these factors.
Free Valuable Insights: The Worldwide Flow Meters Market is Projected to reach USD 14.71 Billion by 2031, at a CAGR of 7.5%
Based on Application, the market is segmented into Water & Wastewater (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic and Other Water & Wastewater), Oil & Gas (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Oil & Gas), Power Generation (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Power Generation), Chemicals (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Chemicals), Food & Beverages (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Food & Beverages), Pulp & Paper (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Pulp & Paper), and Other Application (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Others). Based on Product Type, the market is segmented into Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
By Product Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
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