The global flow meter market revenue is expected to expand at a lucrative CAGR over the forecast period. Growing demand for flow rate measurement in water and wastewater management and oil & gas applications is expected to propel market growth.

The global flow meter market report has been segmented on the basis of product, application, and region.

On the basis of product type, the global flow meter market has been segmented into differential pressure (DP), magnetic, ultrasonic, positive displacement (PD), turbine, Coriolis, and others (vortex, thermal flow meters, and multiphase flow meters). Ultrasonic flow meter segment is expected to witness steady growth over the forecast period. Ultrasonic flow meters are accurate, require low maintenance, and can be used for transfer of petroleum and natural gas.

On the basis of application, the global flow market has been segmented into water & wastewater, chemicals, oil & gas, power generation, food & beverage, pharmaceutical, pulp & paper, and others (refining & petrochemical, and metals & mining). Oil & gas segment is expected to witness higher growth rate over the forecast period. Growing oil & gas industry in emerging economies is anticipated to augment segment growth over the forecast period.

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On the basis of region, the global flow meter market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe market is expected to grow at a rapid pace over the forecast period. Growing demand for power generation owing to the presence of a mature and developed industrial sector in the region is expected to boost the Europe flow meter market over the forecast period.

Key players operating in the global flow meter market include Siemens AG, ABB (Asea Brown Boveri) Ltd., Honeywell International Inc., Emerson Electric Co., General Electric Company, Hitachi, Ltd., Yokogawa Electric Corporation, Badger Meter Inc., Kem Kuppers Elektromechanik GmbH, and Azbil Corporation.