May 24, 2021 10:35 ET | Source: Acumen Research and Consulting Acumen Research and Consulting

LOS ANGELES, May 24, 2021 (GLOBE NEWSWIRE) -- The Global Clamp-on Ultrasonic Flow Meter Market is expected to grow at a CAGR of around 8% from 2020 to 2027 and reach the market value of over US$ 1,456.7 Mn by 2027.

The presence of prominent players operating in the clamp-on ultrasonic flow metre market with manufacturing plants/units in Asia Pacific is attributed to the region's growth. Furthermore, the lower cost of production in this region is one of the key factors contributing to the growth of the global clamp-on ultrasonic flow meter market.

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Various advancements in ultrasonic flow meters have been introduced in recent years, such as wireless connectivity and compatibility with single and dual sensors. Despite some limitations due to non-conductive fluids, electromagnetic induction technology is a good fit for liquid flow measurement. After calibrating the ultrasonic flow meter with water, it can be used to measure other types of conductive fluid with no additional correction. Some manufacturers have already introduced new advanced technologies in flow meters for the benefit of customers in order to make flow rate measurement easier and more reliable. Some of the products available include battery-powered flow rate displays with local and remote display in locations where equipment is subjected to various environmental elements.

The ultrasonic flow meter offers high levels of accuracy and cost-effective flow measurement, propelling the clamp-on ultrasonic flow meter market forward. Clamp-on ultrasonic flow meters, on the other hand, are incompatible with non-conductive liquids, which may limit market growth. Furthermore, advancements in sensor technology and a wide range of applications for this device in industries such as oil and gas, petrochemical, pharmaceutical, water & wastewater, power generation, and others are expected to drive the clamp-on ultrasonic flow meter market growth.

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The global clamp-on ultrasound flow meter market is segmented based on measurement technology and end-user. Based on measurement technology, the market is segmented as doppler, transit time, and hybrid. Further, end -user is segregated as chemical, petrochemical, oil & gas, pharmaceutical, food & beverages, water & wastewater, power generation, and others.

The major players involved in the clamp-on ultrasonic flow meter market involve Badger Meter, Inc., Bronkhorst High-Tech B.V., CMC Technologies Pty Limited, Danfoss, EESIFLO, Emerson Electric Co., Endress+Hauser Group Services AG, Fuji Electric Co. Ltd, Honeywell International Inc., and among others.

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Some of the key observations regarding clamp-on ultrasonic flow meter industry include:

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