According to the latest report by IMARC Group, the global ultrasonic flowmeter market reached a value of more than US$ 1 Billion in 2018.

An ultrasonic flowmeter is an instrument which measures the velocity of a gas or liquid flowing through the pipe with the help of ultrasonic transducers. Their principle of operation is dependent upon the speed at which high-frequency sound propagates. These flowmeters are used with corrosive and abrasive liquids as they do not obstruct the flow of liquid passing through the pipelines. As a result, they have gained acceptance in applications where chemical compatibility, and low maintenance and pressure drop are required. In recent years, manufacturers have developed ultrasonic flowmeters incorporated with latest technologies, such as hybrid and portable ultrasonic flowmeters, to improve the accuracy of measurement.

The global ultrasonic flowmeter market has witnessed strong growth over the past few years. This can be attributed to the applications of ultrasonic flowmeters in numerous industries coupled with the introduction of advanced variants with improved software.

Get more details about the report in a free sample: https://www.imarcgroup.com/ultrasonic-flowmeter-market/requestsample

Market Segmentation:

· Based on the product type, spool piece is the most popular type of ultrasonic flowmeter across the globe. Other major product types include insertion, clamp-on and others.

· On the basis of the number of paths, the market has been segregated into 3-path transit time, 4-path transit time, 5-path transit time and 6 or more path transit time.

· Based on the technology, the market has been segmented into transit time single/dual path, transit time – multipath, doppler and hybrid.

· On the basis of the distribution channel, the market has been divided into direct sales, independent representatives, distributors and online.

· The market has also been classified on the basis of application into natural gas, non-petroleum liquid, petroleum liquid, and others. Currently, natural gas represents the largest application segment.

· Region-wise, Europe enjoys the leading position in the global ultrasonic flowmeter market. Other major regions are North America, Asia Pacific, Middle East and Africa, and Latin America.

· The competitive landscape of the market has also been examined with some of the key players being Asea Brown Boveri Ltd., Badger Meter Inc., Emerson Electric Co., Emerson Process Management, Faure Herman SA, General Electric, Hach/Marsh McBirney Inc., Honeywell International Inc., Index Corporation, Invensys Process Systems, Rockwell Automation Inc., Siemens AG, Teledyne Isco Inc., Yamatake Co. and Yokogawa Electric Co.


Browse full report on global ultrasonic flow meter market with Table of Contents: https://www.imarcgroup.com/ultrasonic-flowmeter-market