Ultrasonic flow meters measure the velocity of a fluid and use ultrasound to calculate the volume flow. Transmission flow meters, open-channel flow meters, and Doppler flow meters are the three types of ultrasonic flow meters. Ultrasonic flow meters are used to measure liquids that allow ultrasonic waves to pass through them, such as molten water, sulfur, chemicals, and cryogenic liquids. Ultrasonic flow meters are used in a variety of industries, including water and wastewater, oil and gas, chemicals, power, pharmaceuticals, food and beverages, pulp and paper, metals, and mining.
Manufacturers in the ultrasonic flow meter market are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.
Ultrasonic Flow Meter Market- Competitive Landscape
- Titan Enterprises has introduced new software functionality for its MetraFlow and Atrato ultrasonic flow meters to provide customers to move the measurement window to ensure measuring at the optimal point of the signal.
- TASI Group has acquired Sierra Instruments and ONICON. The products offered by ONICON include ultrasonic flow meters, turbine flow meters, energy meters, air flow meters, transmitters, and sensors. While Sierra Instruments offers liquid, gas, and steam flow meters, flow and level switches, digital mass flow meters and controllers, and flow calibrators.
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Ultrasonic Flow Meter Market Dynamics
Upgradation and Modernization of Refineries to Propel Demand for Ultrasonic Flow Meters
Ultrasonic flow meters are extensively used in oil refineries, especially in crude oil metering. The need to measure crude oil at various steps during its movement from extraction to the production facility is driving the demand for ultrasonic flow meters. Moreover, existing oil refineries are increasingly focusing on upgradation and modernization of refineries which will result in the growing demand for ultrasonic flow meters.
Developing nations across the globe are increasingly investing in the development of refineries. For instance, BPCL, OIL, IOC, and HPCL have announced the development of the biggest refinery in India on the west coast which is projected to cost US$ 30 billion. The rise in the capacity of refineries in developing countries is likely to boost the demand for ultrasonic flow meters.
Manufacturers Developing Portable and Handheld Ultrasonic Flow Meters
Manufacturers in the ultrasonic flowmeter market are focusing on providing industry-the specific solutions. New ultrasonic flow meters are being developed with the features as per the requirement of specific industries. Meanwhile, handheld ultrasonic flow meters are finding wide applications in measuring dirty fluids and slurries for the chemical, water treatment, and food processing industries.
Manufacturers are also focusing on developing portable ultrasonic flow meters using both transit time and Doppler technologies to measure flow and velocity of liquids. These portable ultrasonic flow meters are witnessing huge demand from the petrochemical and refinery industries to carry survey work in remote locations. Meanwhile, in recent years, solar-powered ultrasonic flow meters have also gained traction owing to the increasing disparities between the demand and supply of electricity.
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Ultrasonic Flow Meter Market Segmentation
Based on the type, the ultrasonic flowmeter market is segmented into
- Insertion
- Clamp-On
- Inline
Based on the technology, the ultrasonic flow meter market is segmented into
- Transit Time – Multipath
- Transit Time – Single/Dual Path
- Hybrid
- Doppler
Based on the fluid type, the ultrasonic flow meter market is segmented into
- Gas
- Petroleum Liquids
- Non-petroleum Liquids
- Steam
Based on the number of paths, the ultrasonic flow meter market is segmented into
- 3-path transit time
- 4-path transit time
- 5-path transit time
- 6 or more paths transit time
Based on the supply channels, the ultrasonic flow meter market is segmented into
- Independent Representatives
- Direct Sales
- E-Business
- Distributors
Based on the customer type, the ultrasonic flow meter market is segmented into
- OEMs
- Engineers/Consultants
- End-Users
- Resellers
- Systems Integrators
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