Magnetic Flowmeter Market - Forecast(2021 - 2026)

Report Code: ESR 76857 Report Format: PDF + Excel (Delivery in 48 Hrs)

Magnetic Flowmeter Market Overview

The global Magnetic Flowmeter Market is poised to reach $3.1 Billion by 2026, advancing at CAGR 4.4% during the forecast period 2021-2026. Magnetic Flowmeter is used for flow measurement of liquids or liquid slurries and works on Faraday's Law of Electromagnetic Induction to determine the velocity of liquids in a pipe. The demand for electromagnetic Flowmeter increased in recent years across various industries such as mining, oil & gas and so on to monitor specific pipeline to ensure optimal functionality of Magnetohydrodynamics, and act as a major driver for the growth of the market during the forecast period. Moreover, pharmaceutical and food & beverage industries need high sanitation, thus various sensors are incorporated with magnetic flowmeter to obtain the desired outcome, boosting the demand for Magnetic Flowmeters.

Magnetic Flow meter Market Report Coverage

The report based on: “Magnetic Flow meter Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Magnetic Flow meter Market.  
By Product Type: In-line Magnetic Flowmeter, Insertion Magnetic Flowmeter, Low Magnetic Flowmeter.
By Components: Magnetic coil, Transmitter, Sensing Electrode, Non magnetic flow tube, others.
By Technology: Hart, Profibus, Modbus, Fieldbus.
By Application: Water & wastewater treatment, Chemicals, Oil & Gas, Food & Beverage, Pharmaceutical, Agriculture, Metal & Mining, Others
By Geography: North America (U.S, Canada and Mexico); Europe (U.K., Germany, Italy, France & Rest of Europe); APAC (China, Japan, South Korea, India & Rest of APAC); South America (Brazil, Argentina & Rest of South America); RoW (Middle East & Africa)

Key Takeaways

  • The top companies in the Magnetic Flowmeter Market are Emerson Electric Co, Endress + Hausan AG, ABB Ltd, Krohne Messtechnik GmbH, Badge Meter Inc, General Electric Co, McCrometer Inc, Honeywell International Inc, Toshiba Corporation and Siemens AG.
  • Water & wastewater treatment is analyzed to hold highest share at CAGR of 6.8% during the forecast period 2021-2026, owing to wide range of applications.
  • APAC dominated the Magnetic Flowmeter in 2020 with a share in excess of 36%, owing to growing water management plants.

Global Magnetic Flow meter Market Value Share, By Geography, 2020 (%)

 Global Magnetic Flow meter Market

For more details on this report - Request for Sample

Magnetic Flow meter Market Segment Analysis - by Product Type

By Product Type, the In Line Magnetic Flowmeter Market dominated the segment with a share of 46.2% in 2020. Many countries are facing water scarcity issues, thus pushing the countries to invest in water sustainable projects. This led the manufacturing companies to make a new monitoring source to manage water management, thereby boosting the demand for magnetic flowmeter over the forecast period. In February 2020, McCrometer Inc, an international leader in flowmeter manufacturing, announced the launch of McMag 2000 Magnetic Flowmeter, designed primarily for water management industries and best fitted for applications such as well monitoring and surface water management.

Magnetic Flow meter Market Segment Analysis - By Application

By Application, the Magnetic Flowmeter Market is segmented into Water & wastewater treatment, Chemicals, Oil & Gas, Food & Beverage, Pharmaceutical, Metal & Mining and Others. Water & wastewater treatment in Magnetic Flowmeter segment is growing at a CAGR of 6.8% during the forecast period 2021-2026. In Wastewater treatment plants, Magnetic Flowmeters are used to measure treated and untreated sewage, chemicals and raw water. Population growth, economic development and urbanization are the factors that generate more volume of wastewater. As the demand for wastewater treatment increases due to environmental regulations, many countries invest a lump sum amount to set up new wastewater treatment plants.

Magnetic Flowmeter Market Segment Analysis - by Geography

APAC dominated the Magnetic Flowmeter Market by a market share of more than 34% in 2020, owing to increasing water and wastewater management plants. Increasing population and water scarcity issues are the primary factors that lead to the rise of growing water management plants, thereby boosting the demand of magnetic flowmeters. According to Water Environment Partnership in Asia, improvement in water environment can only be done by providing necessary information and knowledge for the enactment of water environment governance. Furthermore, According to Israel's Ministry of Strategic Affairs & Public Diplomacy, nearly 90% of wastewater in Israel is recycled and thus making Israel the world leader in water recycling in 2020.

Magnetic Flow meter Market Drivers

Growing adoption of Magnetic Flowmeter for mining and mineral processing applications

As mineral processing technology is rapidly evolving, mining companies are adopting Magnetic Flowmeter to measure process water, process slurry flow and heavy media flow with certain liners to decrease abrasion. The Magnetic Flowmeter is extremely essential to fulfill environmental protection regulations as it measures the volume of pulp going into the dump. In December 2019, Emerson Electric Co introduced Emerson's Rosemount MS Slurry Sensor with the Rosemount 8782 Transmitter, a slurry magnetic flowmeter specially designed for high noise and slurry applications in mining as well as pulp & paper industries. Slurry Magnetic Flowmeter helps in product quality improvement, reduction in raw material cost and minimization of waste.

Growing adoption of Magnetic Flowmeter for irrigation applications

The adoptions of Magnetic Flowmeters are gaining popularity in irrigational applications. Compared to other flowmeters, Magnetic Flowmeter provides greater enhanced accuracy and repeatability throughout their operation life with _+ 1% reading uncertainty. As there is no moving part, they do not suffer from problems such as wear and tear, minimizing maintenance and require no upstream strainers to filter out sediments. Certain linings such Ceramic linings are chosen for further protection against abrasive flows. Magnetic Flowmeters help minimize the piping of the meters, which reduces the time and cost of installation. In May 2020 McCrometer Inc, an international leader in flowmeter manufacturing, announced the expanded line size of existing products i.e. Wafer Style Dura Mag and Ultra Mag Magnetic Flowmeters. Wafer Style Dura Mag is designed with 2- and 3-inch line sizes and is ideal for drip irrigation, surface water and other agricultural flow applications. Hence these factors drive the market growth.

Magnetic Flow meter Market Challenges

Incapability to measure non-conductive fluids

Though Magnetic Flowmeter has a lot of diverse benefits, its inability to measure non-conductive fluids is the major restraining factor for the market's growth. It can only measure the liquid flow rate of conductive medium and cannot measure the flow rate of non conductive medium such as hydrocarbons for heat treatment. Moreover installation and commissioning of magnetic flowmeter is much more complex than other flow meters. Hence these factors decelerate the market growth during the forecast period.

Magnetic Flow meter Market Landscape

Partnership, Acquisitions, Collaboration, technology launches and R&D activities are key strategies adopted by players in the Magnetic Flowmeter Market. The top companies in the Magnetic Flowmeter Market are Emerson Electric Co, Endress + Hausan AG, ABB Ltd, Krohne Messtechnik GmbH, Badge Meter Inc, General Electric Co, McCrometer Inc, Honeywell International Inc, Toshiba Corporation and Siemens AG.

Acquisitions/Technology Launches

  • In March 2021, Krohne Messtechnik GmbH, a global manufacturer of flowmeters, announced the launch of a new AF-E400 Ultra-Compact Magnetic Flowmeter specially designed for utilities industrial automation. It is perfect choice for applications with conductive fluids in tight spaces.
  • In August 2020, McCrometer Inc, global leader in manufacturing flowmeters, announced the launch of telemetry offering for their existing magnetic flowmeters to fulfill the increasing demand for magnetic flowmeters with telemetry services. Telemetry services enable a user's magnetic flowmeter to send the flow rate and totalize data to the user, thereby obstructing the need to visit the flowmeter to record data and manage water usage.

Relevant Report Titles

Flow Sensors Market

Heat Flow Meters Market


For more Electronics related reports, please click here
1. Magnetic Flowmeter Market Overview
    1.1 Definitions and Scope
2. Magnetic Flowmeter Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Application
    2.3 Key trends segmented by Geography
3. Magnetic Flowmeter Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Magnetic Flowmeter Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Magnetic Flowmeter Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Magnetic Flowmeter Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Magnetic Flowmeter Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Magnetic Flowmeter Market – By End Use Industry (Market Size -$Million/Billion)
    8.1 Water and Wastewater Treatment
    8.2 Chemicals
    8.3 Oil and Gas
    8.4 Food and beverage
    8.5 Pharmaceutical
    8.6 Agriculture
    8.7 Metal and Mining
    8.8 Others
9. Magnetic Flowmeter Market – By Technology (Market Size -$Million/Billion)
    9.1 HART
    9.2 Modbus
    9.3 Profinet
    9.4 Fieldbus
    9.5 Others
10. Magnetic Flowmeter Market – By Product (Market Size -$Million/Billion)
    10.1 In Line Magnetic Flowmeter
    10.2 Insertion Magnetic Flowmeter
    10.3 Low Magnetic Flowmeter
11. Magnetic Flowmeter Market – By Components (Market Size -$Million/Billion)
    11.1 Magnetic Coil
    11.2 Transmitter
    11.3 Sensing Electrode
    11.4 Non-Magnetic Flow Tube
    11.5 Others
12. Magnetic Flowmeter Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 Germany
        12.2.2 France
        12.2.3 UK
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Netherlands
        12.2.8 Others
    12.3 APAC
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia
        12.3.6 Indonesia
        12.3.7 Malaysia
        12.3.8 Others
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Others
    12.5 RoW
        12.5.1 Middle East
        12.5.2 Africa
13. Magnetic Flowmeter Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Magnetic Flowmeter Market – Industry Competitive Landscape (Premium)
    14.1 Market Share – Global
    14.2 Market Share by Region
    14.3 Market Share By End Use Industry
15. Magnetic Flowmeter Market – Key Company List by Country Premium (Premium)
16. Magnetic Flowmeter Market - Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10

LIST OF TABLES

1.Global Magnetic Flowmeter Market, By Component Market 2019-2024 ($M)
1.1 Magnetic Coil Market 2019-2024 ($M) - Global Industry Research
1.2 Sensing Electrode Market 2019-2024 ($M) - Global Industry Research
1.3 Transmitter Market 2019-2024 ($M) - Global Industry Research
1.4 Non-Magnetic Flow Tube Market 2019-2024 ($M) - Global Industry Research
2.Global Market Analysis, By Product Market 2019-2024 ($M)
2.1 In-Line Magnetic Flowmeters Market 2019-2024 ($M) - Global Industry Research
2.2 Insertion Magnetic Flowmeters Market 2019-2024 ($M) - Global Industry Research
2.3 Low Flow Magnetic Flowmeters Market 2019-2024 ($M) - Global Industry Research
3.Global Magnetic Flowmeter Market, By Technology Market 2019-2024 ($M)
3.1 Profibus Market 2019-2024 ($M) - Global Industry Research
3.2 Modbus Market 2019-2024 ($M) - Global Industry Research
3.3 Fieldbus Market 2019-2024 ($M) - Global Industry Research
3.4 Hart Market 2019-2024 ($M) - Global Industry Research
4.Global Magnetic Flowmeter Market, By Component Market 2019-2024 (Volume/Units)
4.1 Magnetic Coil Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Sensing Electrode Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Transmitter Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Non-Magnetic Flow Tube Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Market Analysis, By Product Market 2019-2024 (Volume/Units)
5.1 In-Line Magnetic Flowmeters Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Insertion Magnetic Flowmeters Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Low Flow Magnetic Flowmeters Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Magnetic Flowmeter Market, By Technology Market 2019-2024 (Volume/Units)
6.1 Profibus Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Modbus Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Fieldbus Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Hart Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Magnetic Flowmeter Market, By Component Market 2019-2024 ($M)
7.1 Magnetic Coil Market 2019-2024 ($M) - Regional Industry Research
7.2 Sensing Electrode Market 2019-2024 ($M) - Regional Industry Research
7.3 Transmitter Market 2019-2024 ($M) - Regional Industry Research
7.4 Non-Magnetic Flow Tube Market 2019-2024 ($M) - Regional Industry Research
8.North America Market Analysis, By Product Market 2019-2024 ($M)
8.1 In-Line Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
8.2 Insertion Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
8.3 Low Flow Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
9.North America Magnetic Flowmeter Market, By Technology Market 2019-2024 ($M)
9.1 Profibus Market 2019-2024 ($M) - Regional Industry Research
9.2 Modbus Market 2019-2024 ($M) - Regional Industry Research
9.3 Fieldbus Market 2019-2024 ($M) - Regional Industry Research
9.4 Hart Market 2019-2024 ($M) - Regional Industry Research
10.South America Magnetic Flowmeter Market, By Component Market 2019-2024 ($M)
10.1 Magnetic Coil Market 2019-2024 ($M) - Regional Industry Research
10.2 Sensing Electrode Market 2019-2024 ($M) - Regional Industry Research
10.3 Transmitter Market 2019-2024 ($M) - Regional Industry Research
10.4 Non-Magnetic Flow Tube Market 2019-2024 ($M) - Regional Industry Research
11.South America Market Analysis, By Product Market 2019-2024 ($M)
11.1 In-Line Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
11.2 Insertion Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
11.3 Low Flow Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
12.South America Magnetic Flowmeter Market, By Technology Market 2019-2024 ($M)
12.1 Profibus Market 2019-2024 ($M) - Regional Industry Research
12.2 Modbus Market 2019-2024 ($M) - Regional Industry Research
12.3 Fieldbus Market 2019-2024 ($M) - Regional Industry Research
12.4 Hart Market 2019-2024 ($M) - Regional Industry Research
13.Europe Magnetic Flowmeter Market, By Component Market 2019-2024 ($M)
13.1 Magnetic Coil Market 2019-2024 ($M) - Regional Industry Research
13.2 Sensing Electrode Market 2019-2024 ($M) - Regional Industry Research
13.3 Transmitter Market 2019-2024 ($M) - Regional Industry Research
13.4 Non-Magnetic Flow Tube Market 2019-2024 ($M) - Regional Industry Research
14.Europe Market Analysis, By Product Market 2019-2024 ($M)
14.1 In-Line Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
14.2 Insertion Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
14.3 Low Flow Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
15.Europe Magnetic Flowmeter Market, By Technology Market 2019-2024 ($M)
15.1 Profibus Market 2019-2024 ($M) - Regional Industry Research
15.2 Modbus Market 2019-2024 ($M) - Regional Industry Research
15.3 Fieldbus Market 2019-2024 ($M) - Regional Industry Research
15.4 Hart Market 2019-2024 ($M) - Regional Industry Research
16.APAC Magnetic Flowmeter Market, By Component Market 2019-2024 ($M)
16.1 Magnetic Coil Market 2019-2024 ($M) - Regional Industry Research
16.2 Sensing Electrode Market 2019-2024 ($M) - Regional Industry Research
16.3 Transmitter Market 2019-2024 ($M) - Regional Industry Research
16.4 Non-Magnetic Flow Tube Market 2019-2024 ($M) - Regional Industry Research
17.APAC Market Analysis, By Product Market 2019-2024 ($M)
17.1 In-Line Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
17.2 Insertion Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
17.3 Low Flow Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
18.APAC Magnetic Flowmeter Market, By Technology Market 2019-2024 ($M)
18.1 Profibus Market 2019-2024 ($M) - Regional Industry Research
18.2 Modbus Market 2019-2024 ($M) - Regional Industry Research
18.3 Fieldbus Market 2019-2024 ($M) - Regional Industry Research
18.4 Hart Market 2019-2024 ($M) - Regional Industry Research
19.MENA Magnetic Flowmeter Market, By Component Market 2019-2024 ($M)
19.1 Magnetic Coil Market 2019-2024 ($M) - Regional Industry Research
19.2 Sensing Electrode Market 2019-2024 ($M) - Regional Industry Research
19.3 Transmitter Market 2019-2024 ($M) - Regional Industry Research
19.4 Non-Magnetic Flow Tube Market 2019-2024 ($M) - Regional Industry Research
20.MENA Market Analysis, By Product Market 2019-2024 ($M)
20.1 In-Line Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
20.2 Insertion Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
20.3 Low Flow Magnetic Flowmeters Market 2019-2024 ($M) - Regional Industry Research
21.MENA Magnetic Flowmeter Market, By Technology Market 2019-2024 ($M)
21.1 Profibus Market 2019-2024 ($M) - Regional Industry Research
21.2 Modbus Market 2019-2024 ($M) - Regional Industry Research
21.3 Fieldbus Market 2019-2024 ($M) - Regional Industry Research
21.4 Hart Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
2.Canada Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
3.Mexico Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
4.Brazil Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
5.Argentina Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
6.Peru Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
7.Colombia Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
8.Chile Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
9.Rest of South America Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
10.UK Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
11.Germany Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
12.France Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
13.Italy Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
14.Spain Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
15.Rest of Europe Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
16.China Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
17.India Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
18.Japan Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
19.South Korea Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
20.South Africa Magnetic Flowmeter Market Revenue, 2019-2024 ($M)
21.North America Magnetic Flowmeter By Application
22.South America Magnetic Flowmeter By Application
23.Europe Magnetic Flowmeter By Application
24.APAC Magnetic Flowmeter By Application
25.MENA Magnetic Flowmeter By Application
26.Siemens Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Abb Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Azbil Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Endress+Hausar Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Emerson Electric Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.General Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Honeywell International Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Krohne Messtechnik Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Omega Engineering Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Yokogawa Electric Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)