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Report
Electromagnetic Flowmeter Market by Product (In-line Magnetic Flowmeters, Low Flow Magnetic Flowmeters, Insertion Magnetic Flowmeters), Application (Water and Wastewater, Chemicals and Petrochemicals, Power Generation, Metals and Mining, Oil and Gas, Food and Beverages, and Others), and Region 2023-2028
Market Report I 2023-05-29 I 143 Pages I IMARC Group
Market Overview:
The global electromagnetic flowmeter market size reached US$ 2.12 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.77 Billion by 2028, exhibiting a growth rate (CAGR) of 4.42% during 2023-2028. The rising product utilization in the wastewater treatment industry, growing product demand in the chemical industry, and the recent development of smart electromagnetic flowmeters represent some of the key factors driving the market.
An electromagnetic flowmeter refers to a device that is used for measuring the flow of the liquid when it passes through the pipeline. It's comprised of several components, such as a flow tube, electromagnetic coil, transmitters, grounding rings, electrodes, and signal cables. Electromagnetic flowmeter is manufactured using various high-quality, lightweight, and corrosion-resistant materials, such as stainless steel, aluminum, copper, plastic, ceramic, and glass. It is widely used in aircraft, rocket engines, water treatment, chemical production, food processing, drug manufacturing, power plants, irrigation systems, and heating, ventilation, and air conditioning (HVAC) equipment. The electromagnetic flowmeter is a user-friendly, easy-to-install device that offers high measuring accuracy and minimum pressure loss. As a result, electromagnetic flowmeter finds extensive applications across the food and beverage (F&B), oil and gas, pharmaceutical, agriculture, and chemical industries.
Electromagnetic Flowmeter Market Trends:
The rising product utilization in the wastewater treatment industry is one of the key factors propelling the market growth. An electromagnetic flowmeter is widely used to measure the flow rate of wastewater and untreated sewage, detect leakages and blockages, monitor sludge flow, and control the addition of chemicals, such as coagulants and flocculants. In addition to this, the implementation of various government initiatives to boost wastewater treatment infrastructure to provide a clean water supply and prevent scarcity is acting as another growth-inducing factor. Furthermore, the growing product demand in the chemical industry to monitor highly reactive and corrosive fluids, such as acids, bases, and solvents, and control the dosing of catalysts and additives is providing an impetus to the market growth. Additionally, the integration of advanced data analytics and predictive maintenance to monitor the performance in real-time, identify potential issues, and recommend repair is positively influencing the market growth. Besides this, the recent development of smart electromagnetic flowmeters that are equipped with wireless connectivity, such as Wi-Fi and Bluetooth, to enable remote monitoring and control capabilities is providing a thrust to the market growth. Moreover, the widespread product adoption as a non-invasive flow measurement solution across F&B, pharmaceutical, and other industries to prevent the risk of contamination is supporting market growth. Other factors, including rapid industrialization activities, increasing investment in the development of advanced products, and the growing adoption of automation across industries, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global electromagnetic flowmeter market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product and application.
Product Insights:
In-line Magnetic Flowmeters
Low Flow Magnetic Flowmeters
Insertion Magnetic Flowmeters
The report has provided a detailed breakup and analysis of the electromagnetic flowmeter market based on the product. This includes in-line, low flow, and insertion magnetic flowmeters. According to the report, in-line magnetic flowmeters represented the largest segment.
Application Insights:
Water and Wastewater
Chemicals and Petrochemicals
Power Generation
Metals and Mining
Oil and Gas
Food and Beverages
Others
A detailed breakup and analysis of the electromagnetic flowmeter market based on the application has also been provided in the report. This includes water and wastewater, chemicals and petrochemicals, power generation, metals and mining, oil and gas, food and beverages, and others. According to the report, water and wastewater accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for electromagnetic flowmeter. Some of the factors driving the Asia Pacific electromagnetic flowmeter market included rapid industrialization, increasing government initiatives, and significant technological advancements.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global electromagnetic flowmeter market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ABB Ltd., Azbil Corporation, Badger Meter Inc., Danaher Corporation, Emerson Electric Co., Endress+Hauser AG, Honeywell International Inc., KROHNE Messtechnik GmbH, OMEGA Engineering Inc., Siemens AG, Toshiba Corporation, Yokogawa Electric Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global electromagnetic flowmeter market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global electromagnetic flowmeter market?
What is the impact of each driver, restraint, and opportunity on the global electromagnetic flowmeter market?
What are the key regional markets?
Which countries represent the most attractive electromagnetic flowmeter market?
What is the breakup of the market based on the product?
Which is the most attractive product in the electromagnetic flowmeter market?
What is the breakup of the market based on the application?
Which is the most attractive application in the electromagnetic flowmeter market?
What is the competitive structure of the global electromagnetic flowmeter market?
Who are the key players/companies in the global electromagnetic flowmeter market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electromagnetic Flowmeter Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 In-line Magnetic Flowmeters
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Low Flow Magnetic Flowmeters
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Insertion Magnetic Flowmeters
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Water and Wastewater
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Chemicals and Petrochemicals
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Power Generation
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Metals and Mining
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Oil and Gas
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Food and Beverages
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 ABB Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Azbil Corporation
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3 Badger Meter Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Danaher Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Emerson Electric Co.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Endress+Hauser AG
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 SWOT Analysis
13.3.7 Honeywell International Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 KROHNE Messtechnik GmbH
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 OMEGA Engineering Inc.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Siemens AG
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Toshiba Corporation
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Yokogawa Electric Corporation
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: Electromagnetic Flowmeter Market: Major Drivers and Challenges
Figure 2: Global: Electromagnetic Flowmeter Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Electromagnetic Flowmeter Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Electromagnetic Flowmeter Market: Breakup by Product (in %), 2022
Figure 5: Global: Electromagnetic Flowmeter Market: Breakup by Application (in %), 2022
Figure 6: Global: Electromagnetic Flowmeter Market: Breakup by Region (in %), 2022
Figure 7: Global: Electromagnetic Flowmeter (In-line Magnetic Flowmeters) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Electromagnetic Flowmeter (In-line Magnetic Flowmeters) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Electromagnetic Flowmeter (Low Flow Magnetic Flowmeters) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Electromagnetic Flowmeter (Low Flow Magnetic Flowmeters) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Electromagnetic Flowmeter (Insertion Magnetic Flowmeters) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Electromagnetic Flowmeter (Insertion Magnetic Flowmeters) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Electromagnetic Flowmeter (Water and Wastewater) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Electromagnetic Flowmeter (Water and Wastewater) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Electromagnetic Flowmeter (Chemicals and Petrochemicals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Electromagnetic Flowmeter (Chemicals and Petrochemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Electromagnetic Flowmeter (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Electromagnetic Flowmeter (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Electromagnetic Flowmeter (Metals and Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Electromagnetic Flowmeter (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Electromagnetic Flowmeter (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Electromagnetic Flowmeter (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Electromagnetic Flowmeter (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Electromagnetic Flowmeter (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Electromagnetic Flowmeter (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Electromagnetic Flowmeter (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: United States: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: United States: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Canada: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Canada: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia-Pacific: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia-Pacific: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: China: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: China: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Japan: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Japan: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: India: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: India: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: South Korea: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: South Korea: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Australia: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Australia: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Indonesia: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Indonesia: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Others: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Others: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Germany: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Germany: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: France: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: France: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United Kingdom: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United Kingdom: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Italy: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Italy: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Spain: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Spain: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Russia: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Russia: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Latin America: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Latin America: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Brazil: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Brazil: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Mexico: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Mexico: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Middle East and Africa: Electromagnetic Flowmeter Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Middle East and Africa: Electromagnetic Flowmeter Market: Breakup by Country (in %), 2022
Figure 75: Middle East and Africa: Electromagnetic Flowmeter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Global: Electromagnetic Flowmeter Industry: Drivers, Restraints, and Opportunities
Figure 77: Global: Electromagnetic Flowmeter Industry: Value Chain Analysis
Figure 78: Global: Electromagnetic Flowmeter Industry: Porter's Five Forces Analysis
Table 1: Global: Electromagnetic Flowmeter Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Electromagnetic Flowmeter Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Electromagnetic Flowmeter Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Electromagnetic Flowmeter Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Electromagnetic Flowmeter Market: Competitive Structure
Table 6: Global: Electromagnetic Flowmeter Market: Key Players
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