電磁流量計市場は、2023年に約16.6億米ドルの市場価値から、2035年までに約33.4億米ドルに達すると推定され、2023－2035年の予測期間中に6％のCAGRで成長すると予想されています。
Electromagnetic flowmeters, commonly known as magmeters, have been at the forefront of miniaturization of both electronics and sensors. The need for improved performance and high geometric stability in electromagnetic flowmeter diagnostics is behind this change in flowmeter size. The emerging trend of miniaturization along with the increasing adoption of compact electronics in various industrial applications is expected to have a significant impact on the electromagnetic flowmeter market in the coming years. The operational facilities offered by manufacturers, and the low maintenance cost of electromagnetic flowmeters are the key factors driving the growth of the electromagnetic flowmeter market during the forecast period.
When an electromagnetic flowmeter is installed, the sensor is placed on the device in such a way that the required maintenance is minimal. Industries using these flowmeters do not need to replace them multiple times. The expected useful life of an electromagnetic flowmeter is 30 years. The cost of a fixed electromagnetic flowmeter depends on its line size. This helps customers select an electromagnetic flowmeter as per their requirements. The design of magnetic flowmeters that are easy to operate and maintenance-free has increased the demand for these devices. ABB (USA) provides magnetic flowmeters with long-lasting sensor lining material to the oil and gas industry. This increases the useful life of the sensor and lowers the maintenance costs. These factors are propelling the growth of the magnetic flowmeter market during the forecast period.
Innovation in the energy source of electromagnetic flowmeters is another key growth factor for the players in the electromagnetic flowmeter market. Currently, electromagnetic flowmeters are traditionally wired or powered. With the rise of renewable energy sources and the advent of efficient batteries, battery-powered electromagnetic flowmeters are increasingly being adopted in most industrial applications. In this quest, the introduction of solar-powered electromagnetic flowmeters is something that the entire flowmeter industry is focusing on there. Solar-powered devices backed up with battery transmitters are widely considered suitable for remote locations where there is no field power. For the indication and output of flow measurement in these locations, solar-powered flowmeters are the best choice. This is creating opportunities for the growth of the electromagnetic flowmeter market during the forecast period.
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Report Scope |
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CAGR |
6% |
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Forecast Year |
2023-2035 |
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Base year |
2022 |
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Market value for the forecast year |
Approximately US$3.34 billion |
Electromagnetic Flowmeter Market Segments
The electromagnetic flowmeter market is segmented by installation (insertion flowmeters, in-line flowmeters, low flowmeters), by connection to power source (wired and battery operated), by application (partially filled pipes and fully filled pipes), by end-use industry (agriculture, chemical, food & beverage, metals & mining, paper & pulp, pharmaceutical, water & wastewater treatment, and others), and by region. These segments are further sub-segmented based on various factors and comprise some additional information about the market such as compound annual growth rate of each segment and sub-segment, market value and volume for the evaluation period.
Regional Overview of Magnetic Flowmeter Market
The electromagnetic flowmeter market is further segmented on the basis of region to assess the market growth of each country. These include North America (US, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, UK, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, Singapore, and Rest of Asia Pacific) and Rest of the World.
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North America |
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Europe |
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Asia Pacific |
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latin america |
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Middle East and Africa |
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Asia Pacific is expected to account for a significant share of the magnetic flowmeter market during the forecast period. This is attributed to the rapid industrialization of countries such as China and India. Growing concerns over water scarcity in the region are driving municipalities to increasingly strengthen their wastewater treatment infrastructure. This is resulting in increased usage of magnetic flowmeters. As magnetic flowmeters are essential for flow measurement to enable optimal irrigation water management in the agricultural sector, their demand has increased significantly in India, China, and Japan. This is propelling the growth of the magnetic flowmeter market in this region. Moreover, the magnetic flowmeter market in India is expected to expand significantly during the forecast period due to the increasing need for enhanced fuel refining capacity.
北米（米国およびカナダ）、ラテンアメリカ（ブラジル、メキシコ、アルゼンチン、その他のラテンアメリカ）、ヨーロッパ（英国、ドイツ、フランス、イタリア、スペイン、ハンガリー、ベルギー、オランダおよびルクセンブルグ、NORDIC（フィンランド、スウェーデン、ノルウェー） 、デンマーク）、アイルランド、スイス、オーストリア、ポーランド、トルコ、ロシア、その他のヨーロッパ）、ポーランド、トルコ、ロシア、その他のヨーロッパ）、アジア太平洋（中国、インド、日本、韓国、シンガポール、インドネシア、マレーシア） 、オーストラリア、ニュージーランド、その他のアジア太平洋地域）、中東およびアフリカ（イスラエル、GCC（サウジアラビア、UAE、バーレーン、クウェート、カタール、オマーン）、北アフリカ、南アフリカ、その他の中東およびアフリカ)
Some of the major key players in the electromagnetic flowmeter market include ABB Ltd., Badger Meter, Inc., Emerson Electric Co., Endress+Hauser AG, General Electric Co., Honeywell International Inc., KROHNE Messtechnik GmbH, McCrometer, Inc., Omega Engineering Inc., and Siemens AG. The study includes a detailed competitive analysis, company profiles, recent developments, and key market strategies of these key players in the electromagnetic flowmeter market.
