July 26, 2022 14:40 ET | Source: Straits Research Straits Research
New York, United States, July 26, 2022 (GLOBE NEWSWIRE) -- To measure the flow rate of fluids, including liquids and gases, ultrasonic flowmeters use ultrasonic technology. They mostly use Doppler and transit-time technology to detect the velocity of a fluid flowing through a pipe, which transmits and receives sound waves. The flow rate of a liquid is determined by interpreting its momentum. Ultrasonic flowmeters have several benefits over conventional forms of flowmeters. This sort of flow measurement system primarily uses non-invasive; transducers do not directly contact the process fluid and do not block the fluid's flow, making them perfect for detecting corrosive and abrasive chemicals.
The primary factor propelling the worldwide ultrasonic flowmeter market is the need for ultrasonic flowmeters in the oil and gas sector for custody transfer applications. Extreme accuracy is required to determine how much of a product has been carried. For receivers, even the tiniest measurement inaccuracy might be expensive. For custody transfer applications, ultrasonic flowmeters are offered with accuracy as high as 0.1 percent. As a result, the precise metering offered by ultrasonic technology has increased commercial confidence and helped decrease custody transfer disputes; as a result, it is widely used in oil and gas operations. Ultrasonic flowmeter use has also expanded due to the need for non-invasive measurement devices in the wastewater management, power generating, and chemical industries.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/ultrasonic-flowmeter-market/request-sample
Rise in Demand for Wastewater Management to Drive the Global Ultrasonic Flowmeter Market
Flowmeters are used in wastewater treatment to measure effluent flow and dose chemicals. Currently, wastewater treatment facilities use a variety of flowmeter types. Large amounts of suspended particles in water can block mechanical flowmeters. Additionally, clamp-on flowmeters, which do not come into direct contact with the process fluid, are taking the place of conventional flowmeters. This element fuels the demand for ultrasonic flowmeters in the wastewater management sector.
Additionally, it is anticipated that there will be an increase in demand for wastewater management on a global scale throughout the projection period, mainly due to planned industrial expansion in several nations and the growth of the residential housing market. During the forecast period, wastewater treatment investments are expected to increase due to the rising concern over water contamination in several nations. All of these factors fuel the demand for ultrasonic flowmeters.
New Product Developments to Provide Opportunities for the Global Ultrasonic Flowmeter Market
Product developments present new potential for market expansion for ultrasonic flowmeters. More accurate and flexible functioning are features of more recent ultrasonic flowmeters. For challenging applications in the oil & gas and chemical industries, Endress+Hauser AG introduced the Prosonic Flow G 300/500 line of ultrasonic gas flowmeters in 2020. It has a durable industrial design for processes with temperatures and pressures of up to 150 °C and 100 bars, respectively. To calculate extra process variables, it is equipped with advanced gas analysis features, and the sensor is condensate-insensitive for detecting moist or wet gases. Software advancements or changes to flowmeter components could boost the device's reliability. For instance, Emerson introduced the Daniel T-200, a transducer with a titanium housing, in 2020 for their series of gas ultrasonic flow meters. To enhance the acoustic performance of ultrasonic flowmeters in custody transfer applications, it was created using metal 3D printing. Transducers also increased safety, uptime, and dependability. Such developments and new product launches boost the global ultrasonic flowmeter market.
Buy Now Full Report @ https://straitsresearch.com/buy-now/ultrasonic-flowmeter-market
Region-wise, the global ultrasonic flowmeter market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor and is estimated to grow at a CAGR of 5.1%. The ultrasonic flowmeter market is driven by industrialization in various Asian nations. Due to their high industrial activity and rapid infrastructure development, countries in the Asia-Pacific region like China, India, Japan, Indonesia, and Vietnam are anticipated to present profitable prospects for the ultrasonic flowmeters market. There is still much room for oil and gas exploration in the sector, which would boost upstream oil and gas activity. Exploratory activities in India and China are expected to increase oil refineries' production, thus augmenting demand for ultrasonic flowmeters during the forecast period.
Europe is the second-largest and fastest-growing region. The Europe ultrasonic flow meter market is projected to reach USD 280 million by 2030, growing at a CAGR of 5.5%. In Europe, Germany, France, and the UK are the major industrial players that contribute significantly to the Europe ultrasonic flowmeter market. These countries are also investing proactively in the power generation sector based on hydroelectric and nuclear power. New power generation plants or new chemical manufacturing plants require the installation of flow measurement devices such as ultrasonic flowmeters, among other process instrumentation. Such developments tend to benefit the adoption of ultrasonic flowmeters during the forecast period.
North America is the third largest region. The North American ultrasonic flowmeter market is studied across U.S., Canada, and Mexico. These three countries are well-positioned to offer fresh opportunities for adopting ultrasonic flowmeters, owing to the rise in infrastructural developments and industrialization. The surge in demand for chemicals, power generation, and wastewater management is expected to expand plant capacities, thus requiring process instrumentation such as ultrasonic flowmeters.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/ultrasonic-flowmeter-market/request-sample
The prominent players operating in the ultrasonic flowmeter market are
Global Ultrasonic Flowmeter Market: Segmentation
Table of Content and Figure @ https://straitsresearch.com/report/ultrasonic-flowmeter-market/toc
The Dynamic Shift from Traditional Sensors to Smart Sensors Will Drive the Industrial Sensors Market
Have a Look at the Related Research Report
Flow Meters Market: Information by Technology (Coriolis, Electromagnetic, Differential Pressure), End-User (Oil and Gas, Food & Beverage, Power Generation), and Region — Forecast till 2030
Intelligent Flowmeter Market: Information by Type (Pressure Type, Magnetic Type, Thermal Type), Application (Oil and Gas), Sales Channel (Direct Channel) — Forecast till 2029
Geothermal Energy Market: Information by Power Station (Dry Steam, Flash Steam, Binary Cycle Power Station), End-User (Residential, Non-Residential), and Region — Forecast till 2029
Tangential Flow Filtration Market: Information by Type (Single-Use Tangential Flow Filtration Systems), Technology (Ultrafiltration, Microfiltration), and Region — Forecast till 2030
Industrial Rectifiers Market: Information by Type (SCR, SMPS), Power (Low to Medium Current, High Current), and Region — Forecast till 2030
Industrial Sensors Market: Information by Type (Flow, Pressure, Temperature), End-User Vertical (Mining, Oil, Gas, Manufacturing, Chemical, Pharmaceutical), and Region — Forecast till 2030
About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Follow Us: LinkedIn | Facebook | Instagram | Twitter