Global Flow Meter Market Size 2024, Forecast To 2033

The flow meter market has demonstrated robust growth, increasing from $8.69 billion in 2023 to $9.21 billion in 2024, with a compound annual growth rate (CAGR) of 5.9% during the historic period. This growth can be attributed to factors such as industrial automation, the management of water and wastewater, exploration in the oil and gas sector, the globalization of trade, and infrastructure development. Looking forward to the next few years, the market is expected to experience strong growth, reaching $11.95 billion in 2028 at a CAGR of 6.7%. Anticipated drivers for this growth include the integration of industry 4.0, the expansion of renewable energy, initiatives for water conservation, increasing demand from the healthcare sector, and environmental monitoring. Key trends in the forecast period encompass digital transformation, the adoption of wireless connectivity, the rise of ultrasonic flow meters, the growing demand for coriolis flow meters, and an emphasis on compliance with environmental regulations.