What is the present valuation and projected CAGR of the totalizing fluid meter and counting device market?
The totalizing fluid meter and counting device market size has grown strongly in recent years. It will grow from $29.48 billion in 2024 to $31.14 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to industrialization, utility and resource management, advances in metering technology, regulatory compliance, automation and process control.
The totalizing fluid meter and counting device market size is expected to see steady growth in the next few years. It will grow to $37.83 billion in 2029 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to energy and resource efficiency, smart metering and iot, environmental monitoring, regulatory compliance and reporting, renewable energy integration. Major trends in the forecast period include smart metering solutions, data analytics and visualization, non-invasive metering, compact and modular designs, environmental-friendly materials.
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What key drivers have fueled the totalizing fluid meter and counting device market’s development over the years?
The increasing demand from automotive manufacturing companies contributed to the market growth of flow meter and counting device manufacturers. Emerging market growth for automotive manufacturing companies was aided by the growing popularity of public transportation and rapid growth in several vehicles. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7%. Furthermore, in February 2022, according to Brand Finance plc, a UK-based brand valuation company, in 2022, the automobile sector achieved approximately 78 million unit sales, marking a substantial 10% increase. Therefore, the increasing demand from automotive manufacturers is expected to drive the market for flow meters and counting devices such as parking meters, taxi meters, gauges for motor vehicles, and equipment for collecting fares.
What is the segmentation for the totalizing fluid meter and counting device market?
The totalizing fluid meter and counting device market covered in this report is segmented –
1) By Type: Differential Pressure Flow Meters, Positive Displacement Flow Meters, Velocity Flow Meters, Mass Flow Meters, Open Channel Meters
2) By Application: On Shore and Off Shore
3) By End-Use Industry: Water And Waste Water, Refining And Petrochemicals, Oil And Gas, Chemicals, Power Generation, Pulp And Paper, Metals And Mining
Subsegments:
1) By Differential Pressure Flow Meters: Orifice Plate Meters, Venturi Tube Meters, Flow Nozzle Meters
2) By Positive Displacement Flow Meters: Rotary Gear Meters, Diaphragm Meters, Piston Meters
3) By Velocity Flow Meters: Electromagnetic Flow Meters, Ultrasonic Flow Meters, Turbine Flow Meters
4) By Mass Flow Meters: Coriolis Flow Meters, Thermal Flow Meters
5) By Open Channel Meters: Parshall Flume Meters, Weir Meters, Flowing Well Meters
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Who are the most influential companies in the totalizing fluid meter and counting device market?
Major companies operating in the totalizing fluid meter and counting device market include Honeywell International Inc, Emerson Electric Co., General Electric, Siemens, ABB Group, Badger Meter Inc., Yokogawa Electric, Endress+Hauser AG, Krohne Messtechnik GmbH, Azbil Corporation, Schneider Electric SE, KROHNE Inc., Itron Inc., Elster Group GmbH, Landis+Gyr AG, Diehl Metering GmbH, Iskraemeco d.d., Apator S.A., Zenner International GmbH & Co. KG, Sappel, Pietro Fiorentini S.p.A., Kamstrup A/S, Itron SAS, Maddalena S.p.A., Sensus USA Inc., Arad Group, Qianwei Kromschroder Meters (Sichuan) Co. Ltd., Ningbo Water Meter Co. Ltd., Shenzhen Huaxuanyu Technology Co. Ltd., Master Meter Inc.
Which market trends are set to define the future of the totalizing fluid meter and counting device market?
Major companies in the totalizing fluid meter and counting device market are using smart technology to enhance decisions making abilities and thus drive profits. The companies in this industry use technology to optimize payment methods, and subscription management optimizes enforcement and allows end-user companies to analyze usage. Counting devices such as parking meters have been revolutionized with the advent of smart technologies. Companies such as IPS Group, a US-based company, announced its latest app called Park Smarter. The app allows drivers to connect directly to a physical parking meter with their smartphone and pay through cashless transactions. Other companies such as ParkiFi are also investing in making parking meters smarter through the use of big data and sensors.
How do regional factors impact the totalizing fluid meter and counting device market, and which region is the largest contributor?
Asia-Pacific was the largest region in the totalizing fluid meter and counting device market in 2023. North America was the second-largest region in the totalizing fluid meter and counting device market. The regions covered in the totalizing fluid meter and counting device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Totalizing Fluid Meter And Counting Device Market Report 2025 Offer?
The totalizing fluid meter and counting device market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A totalizing fluid meter and counting device are defined as a device that is used for measuring the linear, nonlinear, mass, or volumetric flow rate of a liquid or a gas. These devices play a crucial role in industrial processes by providing accurate measurements that ensure efficient operation, regulatory compliance, and effective resource management
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