Flow Meter Market Worth $12.99 Billion By 2028 | CAGR: 5.7%
Flow Meter Industry Overview The global flow meter market size is estimated to reach USD 12.99 billion by 2028, according to the new report conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2021 to 2028. The penetration of IoT has helped the evolution of smart flow rate measurement solutions, leading to an increased demand for intelligent flow meters. The adoption of flow meters is expected to increase as rapid urbanization triggers the need for better water and wastewater management. Flow Meter Market Segmentation Grand View Research has segmented the global flow meter market based on product, application, power type, pipe size, and region: Based on the Product Insights, the market is segmented into Differential Pressure (DP), Positive Displacement (PD), Magnetic, Ultrasonic, Coriolis, Turbine, Vortex, Others. The magnetic flowmeters segment held the largest revenue share of approximately 25% of the total market share ...