Europe Flow Meters Market Size, Share & Trends Analysis Report By Application, By Product Type (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Others), By Country and Growth Forecast, 2024 - 2031
The Europe Flow Meters Market would witness market growth of 7.3% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 785.35 Thousand Units, showcasing a growth of 20.1% (2020-2023).
The oil and gas industry relies heavily on flow meters to ensure accurate measurement of fluids, including crude oil, natural gas, and refined products. These meters are critical for custody transfer, pipeline monitoring, and process optimization. Due to the harsh and hazardous conditions in this sector, flow meters need to be highly durable and capable of withstanding extreme pressures and temperatures. Technologies such as Coriolis, ultrasonic, and turbine flow meters are widely used for their precision and reliability. Thus, the Oil and Gas Segment in Germany market consumed a volume of 53.18 Thousand Units in 2023.
The Germany market dominated the Europe Flow Meters Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $887.1 million by 2031. The UK market is exhibiting a CAGR of 6.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8.1% during (2024 - 2031).
The chemical and pharmaceutical sectors have witnessed increased adoption of these meters for precise dispensing of chemicals, monitoring reactions, and ensuring the quality of the final products. These meters contribute to the efficiency and reliability of manufacturing processes in these industries, where precise control of liquid and gas flows is essential for maintaining product consistency and meeting regulatory requirements.
The food & beverage and pharmaceutical industries are witnessing rapid growth, increasing the demand for precise flow measurement and control. These meters ensure accurate ingredient mixing, bottling, and pasteurization in food production, maintaining product quality and compliance with FDA and EFSA hygiene standards. The dairy and brewing industries rely on Coriolis and electromagnetic flow meters to regulate liquid flow, while hygienic ultrasonic flow meters prevent contamination by measuring liquid flow without direct contact.
These meters are used in various renewable energy projects in France. The adoption of smart flow meters with advanced features, like real-time monitoring, data analytics, and connectivity, is increasing in the power generation sector in France. As France invests in the modernization and expansion of its power generation infrastructure, the demand for advanced flow meters will likely grow to meet upgraded facilities’ requirements. France’s water utilities also integrate smart flow meters into their networks to comply with the EU Water Framework Directive. The Grand Paris Express project, which includes infrastructure development for urban expansion, has increased the demand for these meters in water distribution and sewage treatment facilities. The push toward sustainable urbanization also drives the adoption of digital flow meters to monitor smart cities' water and gas consumption. Hence, all these factors will uplift the regional market’s expansion in the coming years.
Based on Application, the market is segmented into Water & Wastewater (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic and Other Water & Wastewater), Oil & Gas (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Oil & Gas), Power Generation (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Power Generation), Chemicals (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Chemicals), Food & Beverages (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Food & Beverages), Pulp & Paper (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Other Pulp & Paper), and Other Application (Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Others). Based on Product Type, the market is segmented into Magnetic, Positive Displacement, Turbine, Vortex, Coriolis, Differential Pressure, Ultrasonic, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- ABB Group
- Emerson Electric Co.
- General Electric Company
- Hitachi, Ltd.
- Honeywell International, Inc.
- Siemens AG
- Yokogawa Electric Corporation
- VSE Volumentechnik GmbH
- Hontzsch GmbH & Co. KG
- Krohne Group
Europe Flow Meters Market Report Segmentation
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
o Magnetic
Positive Displacement
Turbine
Vortex
Coriolis
Differential Pressure
Ultrasonic
Other Water & Wastewater
o Magnetic
Positive Displacement
Turbine
Vortex
Coriolis
Differential Pressure
Ultrasonic
Other Water & Wastewater
o Magnetic
Positive Displacement
Turbine
Vortex
Coriolis
Differential Pressure
Ultrasonic
Other Water & Wastewater
o Magnetic
Positive Displacement
Turbine
Vortex
Coriolis
Differential Pressure
Ultrasonic
Other Water & Wastewater
o Magnetic
Positive Displacement
Turbine
Vortex
Coriolis
Differential Pressure
Ultrasonic
Other Water & Wastewater
o Magnetic
Positive Displacement
Turbine
Vortex
Coriolis
Differential Pressure
Ultrasonic
Other Water & Wastewater
o Magnetic
Positive Displacement
Turbine
Vortex
Coriolis
Differential Pressure
Ultrasonic
Other Water & Wastewater
By Product Type (Volume, Thousand Units, USD Billion, 2020-2031)
- Magnetic
- Positive Displacement
- Turbine
- Vortex
- Coriolis
- Differential Pressure
- Ultrasonic
- Other Water & Wastewater
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe