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.
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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.
The high demand for the non-intrusive technology has led to large-scale adoption of clamp-on ultrasonic flowmeters in recent times due to which, a steady growth for the clamp-on ultrasonic flowmeter market is anticipated. However, clamp-on ultrasonic flowmeters lack the accuracy provided by other alternative ultrasonic flowmeters– a factor that could hamper their sales, particularly in the first half of the forecast period.
In addition, the demand for ultrasonic flowmeters is on the rise, as they comply with evolving industry regulations and standards. Players involved in the current clamp-on ultrasonic flowmeter market landscape are expected to focus on minimizing errors in flare flow measurement and reduce flowmeter inaccuracy to strengthen their foothold in the current clamp-on ultrasonic flowmeter market landscape.
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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.
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