Ultrasonic Flow Meter Market is projected to grow at a CAGR of 4%during the forecasting period 2021-2027

These increases can be attributed to investment in China in new Greenfield operations, rising demand for advanced flow technologies, and an increase in US shale gas exploration. The transit time is anticipated to be the primary contributor during the forecast time period because of its flowing and accurate measurements. It commands 80–85% of the global market share. This method is significantly less expensive compared to doppler and hybrid technology. it is extensively used by oil and gas, water, wastewater and chemicals industries to measure the flow of liquids and gases with custody transfer applications, oil and gas are anticipated to see the greatest growth It can also be used for testing pumps, metering for formaldehyde and inline metres, and for measuring water. Cameron, Enduser, and Emerson are some of the key players in this segment due to their use of ultrasonic flow metres. As per BP's recent statistics indicate, Saudi Arabia's gas production has been growing at a rate of 4-5% annually, which is predicted to lead to increased demand for ultrasonic flow metres in the coming years. it is predicted that the Asia Pacific region will be the largest market in the forecast period manufacturing plants in Asia Pacific, the growth of this region is primarily driven by the players in the region. The rapidly developing economies, such as China and India, drive the need for measuring instruments like water and wastewater, energy, and chemical and power equipment investments.

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The Ultrasonic Flow Meter Market report has been categorized as below

By Implementation Type

· Clamp-On
· Inline
· Others
By Measurement Technology
· Transit-Time
· Doppler
· Hybrid
By Number of Paths
· 1 Path Transit-Time
· 2 Path Transit-Time
· 3 & Above Path Transit-Time
By End-User

· Oil & Gas
· Power Generation
· Water & Wastewater
· Others
By Region
North America
Europe
Asia Pacific
Rest of World
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