Global Electromagnetic Flow Meter Market Size to Exceed 2.8 Billion by 2033: Forecast Analysis Report

Global Electromagnetic Flow Meter Market Size to Exceed 2.8 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Electromagnetic Flow Meter Market Size Expected to Grow from USD 1.90 Billion in 2023 to USD 2.8 Billion by 2033, at a CAGR of 3.95% during the forecast period 2023-2033.          

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Electromagnetic Flow Meter Market Size, Share, and COVID-19 Impact Analysis, By Product (In-line Magnetic Flowmeters, Low Flow Magnetic Flowmeters, and Insertion Magnetic Flowmeters), By Application (Water & Wastewater, Chemicals & Petrochemicals, Power Generation, Metals & Mining, Oil & Gas, and Food & Beverage), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033                          

The electromagnetic flow meter market is the business involved in the manufacturing, sale, and utilization of electromagnetic flow meters that meter the flow rate of conductive liquids based on Faraday's law of electromagnetic induction. The meters are used extensively in various industries including water and wastewater, chemicals, food and beverage, pharmaceuticals, and oil and gas. Moreover, the market for electromagnetic flow meters is fueled by growing demand for precise and reliable measurement of flow in water and wastewater management, fast industrial automation, and stringent environmental regulations. Expansion in the chemical, pharmaceutical, and food sectors, as well as technological advancements in IoT-enabled smart flow meters, also contribute to market growth. Increased infrastructure development also drives demand. However, the market for electromagnetic flow meters is confronted with constraints including high initial expenses, restricted measurement of non-conductive fluids, complex installation, and competition from other flow measuring technologies such as ultrasonic and Coriolis flow meters.

The in-line magnetic flowmeters segment accounted for the largest share of the global electromagnetic flow meter market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the product, the global electromagnetic flow meter market is divided into in-line magnetic flowmeters, low flow magnetic flowmeters, and insertion magnetic flowmeters. Among these, the in-line magnetic flowmeters segment accounted for the largest share of the global electromagnetic flow meter market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.  This is because they are highly accurate, and reliable, and have general applications in industries such as water and wastewater, chemicals, and food processing. Their versatility to accommodate a large flow rate and pipe size range makes them the instrument of choice above others.  

The water and wastewater segment accounted for a substantial share of the global electromagnetic flow meter market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the application, the global electromagnetic flow meter market is divided into water & wastewater, chemicals & petrochemicals, power generation, metals & mining, oil & gas, and food & beverage. Among these, the water and wastewater segment accounted for a substantial share of the global electromagnetic flow meter market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is due to the increasing need for effective water management, rising government policies on water conservation, and growing infrastructure development. All these meters are commonly used for precise flow measurement in municipal water supply systems, sewerage treatment, and industrial wastewater management.

Asia Pacific is projected to hold the largest share of the global electromagnetic flow meter market over the projected period.  

Asia Pacific is projected to hold the largest share of the global electromagnetic flow meter market over the projected period. This is because of speedy industrialization, mounting investments in wastewater and water facilities, and intense demand by such industries as power, chemicals, and food processing. Japan, India, and China spearhead growth through rising manufacturing sectors and strict environment legislation.

North America is expected to grow at the fastest CAGR of the global electromagnetic flow meter market during the projected period. This is driven by strict environmental regulations, smart water management solution adoption, and industrial automation investments. The United States is driving growth through advancements in IoT-based flow meters, infrastructure renewal, and robust demand from the water and wastewater industry.

Company Profiling

Major vendors in the global electromagnetic flow meter market are ABB Ltd, Siemens AG, Emerson Electric Corporation, Endress+Hauser AG, Azbil Corporation, Honeywell International Inc., Toshiba Corporation, KROHNE Messtechnik GmbH, Yokogawa Electric Corporation, OMEGA Engineering Inc. (Spectris PLC)., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In June 2022, Endress+Hauser opened a new plant in France. Endress+Hauser produces flowmeters in Cernay to ship to customers globally. The extra 10,000 sq m of production space will be devoted mainly to producing electromagnetic flowmeters. The new facility was constructed mainly to produce the Progmag H and Dosimag H electromagnetic flowmeters, primarily utilized in the food and life sciences sectors.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global electromagnetic flow meter market based on the below-mentioned segments:   

Global Electromagnetic Flow Meter Market, By Product

• In-line Magnetic Flowmeters
• Low Flow Magnetic Flowmeters
• Insertion Magnetic Flowmeters

Global Electromagnetic Flow Meter Market, By Application

• Water and Wastewater
• Chemicals and Petrochemicals
• Power Generation
• Metals and Mining
• Oil and Gas
• Food and Beverage

Global Electromagnetic Flow Meter Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa