Global steam meter market is segmented on the basis of product types, application, end-use industry and geography. The steam flow meter is built to gauge saturated steam via a pipe and produce a massive rate of steam based on this calculation. Steam flow measurement applications are distinct and each and every state possesses its own engineering needs and limitations. The steam flow meter is referred by different names inclusive of steam flow indicator, steam flow gauge etc. but it depends on the certain industry whereas the function remains similar. The steam flow meter is used extensively in oil & gas, chemical and petrochemical industry.

Factors such as rising demand in petrochemicals and refining industries are one of the major driving factors that propel the market growth of steam meters. Substantial growth in equipment and machinery industries are one of the key driving factors of steam meter across the globe, owing to its high demand for measuring the steam flow rates used for distinct heating.

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Another major driving factor of steam meter industry is the significant demand of steam flow meter in food & beverages vertical attributed to its wide use for steam flow rate measurement in the sterilization process. High technical development in steam flow meters helps to enhance the work efficiency and minimize the time that drives the growth of steam meters market. Auxiliary flow meters outdated by characteristics is also adding to the growth of steam meters market as the old are replaced with the new smart steam flow meters. These smart steam meters are much efficient, accurate and reliable in steam flow rate measurement in comparison with the previous version of steam flow meters that helps to grow the steam flow meter market globally.

The key restraining factor which hinders to grow the steam meter industry is the lack of skilled technician for the steam flow meter. Due to the lack of training and knowledge, some technicians do not assure needed skills to operate steam flow meters which reduce the operational efficiency. Also, lack of specialized equipment also hampers the growth of flow meters market. Lastly, instantly growing chemical industry is expected to witness good opportunities for steam meter market.

On the basis of product types, the steam meter industry is segmented into orifice plate flow meters, ultrasonic flow meters; direct in-line variable area flow meters, vortex shedding flow meters, turbine flow meters, variable area flow meters and spring loaded variable area flow meters.

On the basis of application, the steam meter market is segmented into measuring utilities steam flow rates, measuring steam flow rates used for heating, measuring steam flow rates being traded in industrial complex, measuring steam flow rates used in sterilization process, measuring steam flow rates used in cooling system and district heating, and so on.

On the basis of end-use industry, the steam meter industry is segmented into petrochemical, oil & gas, chemical, pharmaceuticals, pulp & paper, food & beverages, steel/ metal & mining, automobile and so on.On the basis of geography, the steam meter market is segmented into Europe, North America, Asia Pacific, Latin America and Middle East & Africa.

North America accounts high market share in steam meter market across the globe followed by Western Europe. Asia Pacific is estimated to witness high growth rate in the market of steam meter, attributed to a high demand of steam meter in the chemical industry in this region. The Middle East & Africa region is also predicted to see a high growth rate in steam meter market globally due to its significant demand in Oil & Gas industry along with petrochemical industries.

The global key players in the steam meter industry are ABB Ltd., Emerson, Endress+Hauser Management AG, Yokogawa Electric Corporation, Honeywell, Siemens AG, MAC, KROHNE, GE, Spirax-Sarco, OVAL, OMEGA, FCI, ONICON, Danaher (Venture), Badger Meter Inc., Azbil Corporation, Sierra and General Electric Co.

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