According to a new report, published by KBV research, The Global Flow Meters Market size is expected to reach $13.5 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,598.3 thousand units, experiencing a growth of 7.0% (2019-2022).
The Water & Wastewater segment is leading the Global Flow Meters Market by Application in 2022; and thereby, achieving a market value of $3.7 billion by 2030. Flow meters are used in water distribution networks to monitor water flow, detect leaks, and optimize the distribution system. Accurate flow measurements enable utilities to manage water resources better, reduce losses, and ensure a consistent consumer supply. The water and wastewater segment must adhere to strict environmental regulations governing the discharge of treated effluent into water bodies.
The Positive Displacement segment is registering a CAGR of 8.5% during (2023 - 2030). Positive displacement flow meters calculate the volumetric flow rate by dividing the fluid into quantifiable quantities (displacements) and measuring these quantities. Common types include gear meters, oval-gear meters, piston meters, and rotary vane meters. Viscous fluids like oils, lubricants, and some chemicals can be measured for flow using positive displacement flow meters. They are often used in industries like oil and gas, chemical processing, and pharmaceuticals.
Full Report: https://www.kbvresearch.com/flow-meters-market/
The Asia Pacific region dominated the Global Flow Meters Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.8 billion by 2030. The Europe region is experiencing a CAGR of 6.9% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 6.7% during (2023 - 2030).
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
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