Clamp-on Ultrasonic Flowmeter Market is Anticipated To Predict A Promising Growth Rate During The Forecast Period 2020-2030

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 Clamp-on Ultrasonic Flowmeter Market: Introduction

Transparency Market Research delivers key insights on the global clamp-on ultrasonic flowmeter market. In terms of revenue, the global clamp-on ultrasonic flowmeter market is estimated to expand at a CAGR of 8% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global clamp-on ultrasonic flowmeter market.

The global clamp-on ultrasonic flowmeter market is broadly affected by several factors, including maintenance-free design that offers longer service life and integration of advanced technologies. Thus, expanding applications of clamp-on ultrasonic flowmeters in different sectors is propelling the global clamp-on ultrasonic flowmeter market.

Integration of Advanced Technologies in Clamp-on Ultrasonic Flowmeters

Various advancements have been introduced in ultrasonic flowmeters over the past few years, such as wireless connectivity and compatibility with single and dual sensors. The electromagnetic induction technology is a good fit for liquid flow measurement despite some limitations related to non-conductive fluids. Once the ultrasonic flowmeter is calibrated with water, it can be used to measure other types of conductive fluid with no additional correction. In order to make the flow rate measurement easier and reliable, some manufacturers have already introduced new advanced technologies in the flowmeters for the benefit of customers. Some product range offered include battery-powered with local & remote display of flow rates in locations where equipment are exposed to different environmental elements.

Market Players to Launch New Products for Competitive Edge

Several market players are expected to resort to organic as well as inorganic growth strategies during the forecast period. Companies are increasingly focusing on launching new products to gain a competitive edge in the clamp-on ultrasonic flowmeter market. For instance, in May 2020, Fuji Electric announced the launch of a new clamp-on ultrasonic flowmeter designed for saturated steam. Similarly, in May 2020, SONOTEC announced the launch of an industrial-grade clamp-on ultrasonic flowmeter for plastic pipes and tubes. In September 2020, AW-Lake launched a new clamp-on ultrasound flowmeter for a range of industrial applications.

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Demand for Clamp-on Ultrasonic Flowmeters to Slump amid COVID-19 Pandemic

The outbreak of the COVID-19 pandemic is expected to have a moderate impact on the overall growth of the global clamp-on ultrasonic flowmeter market in 2020. Due to the temporary shutdown of various industries in China during the first quarter of 2020, the production of raw materials was affected as a result of which, the supply chain was predominantly disrupted. While the industrial sector in China opened toward the end of the first quarter, manufacturing and industrial sectors across the world witnessed minimal activity due to the stringent lockdown restrictions. The market is expected to show signs of recovery in 2021.

In June 2020, Badger Meter announced its Dynasonics UHC100 ultrasonic thermal energy meter, which is one of the first instruments to receive the new Canada Weights and Measures approval for use in liquid heating and cooling applications in Canada. Another important development in ultrasonic flowmeters is continuous instrument miniaturization. This can be attributed to the size of the flow element, as it needs to be bigger than the pipe or tube carrying the conductive liquid. Thus, different technological integrations in ultrasonic flowmeters, such as size miniaturization and digital portable ultrasonic flowmeters, are expected to have a high impact on market growth. These factors are impacting the clamp-on ultrasonic flowmeter market.

Clamp-on Ultrasonic Flowmeter Market: Key Players

Key players operating in the global clamp-on ultrasonic flowmeter market are Badger Meter, Inc., BRONKHORST HIGH-TECH B.V., CMC Technologies Pty Limited, Danfoss, EESIFLO, Emerson Electric Co.

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