The flow indicator market is projected to reach a valuation of US$ 742.9 million in 2024, showcasing steady growth from the US$ 714.2 million recorded in 2023. Over the forecast period spanning from 2024 to 2034, the market is anticipated to advance at a notable CAGR of 4.3%.
During the forecast period, the flow indicator market is poised for accelerated growth compared to historical trends. The surge in industrial production post-pandemic has led to an increase in the installation of piping systems. This uptick in piping system installations is expected to drive demand for flow indicators, thereby fueling market growth in the coming years.
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Trends
Flow indicators present a cost-effective solution for monitoring and regulating the flow of liquids and gases within piping systems, contributing to their escalating adoption across various industries.
While flow meters offer a more comprehensive approach to flow measurement compared to flow indicators, their complexity and higher costs often steer enterprises towards the more budget-friendly option of flow indicators.
Flow indicators are available in both mechanized and non-mechanized variants, ensuring user-friendly operation across different applications. Manufacturers prioritize maintaining operational simplicity in both versions to cater to diverse user preferences.
In response to the evolving demands of industries, manufacturers are upgrading flow indicators to accommodate the installation of piping systems with higher-pressure flows. This includes the development of flow indicators crafted from durable materials capable of withstanding rigorous operating conditions, thereby enhancing reliability and longevity.
Key Companies
- Papailias Incorporated
- Dover Corporation
- KENCO International, Inc.
- Kadant Inc.
- Crane BS&U.
- Val. Co Srl
- KOBOLD Messring GmbH
- PresSure Products Company
- The Nippon Joint, Ltd
- Siemens AG
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Key Segments
By Product Type:
- Sight Flow Indicator
- Paddle Wheel Flow Indicator
- Rotameter Flow Indicator
- Others
By End-use Industry:
- Power Industry
- Food Industry
- Pharmaceutical Industry
- Agricultural Industry
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)