INTELLIGENT FLOW METER MARKET ANALYSIS

Regional Analysis

Global Intelligent Flow Meter Market: Regional Insights

Asia Pacific is expected to account for the largest market share during the forecast period 2023-2030, owing to rapid development of intelligent flow meter and increasing demand for intelligent flow meters from the oil & gas industry. Increasing demand for efficient and accurate measurement devices, increasing industrial infrastructure activities, and rising demand for intelligent flow meters from the chemical and wastewater industries are driving the market growth. For instance, in April 2020, Fuji Electric Co., Ltd., a Japan-based electrical equipment company, launched ultrasonic flow meters with high sensitivity, and it can measure accurate flow rate without pressure loss.

The North America region is expected to exhibit the highest growth during the forecast period, owing to the presence of major players such as Emerson Electric Co., Azbil Corporation, and others. These players are majorly focusing on research and development activities, For instance, in February, 2021 Emerson introduced a new software to boost process automation and the application of the Roxar 2600 Multiphase Flow Meter (MPFM) for the oil and gas industry. These kinds of developments from the leading companies are expected to boost the market growth in the region during the forecast period.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa