Intelligent flowmeter market to reach $9.8bn by 2032

As industries seek to optimise operations, improve resource management, and ensure compliance with ever- stricter regulations, the intelligent flowmeter market is set to experience continued robust growth

- By ABDULAZIZ KHATTAK

THE global intelligent flowmeter market has been expe- riencing substantial growth in recent years, driven by technological advancements, increasing industrial auto- mation, and the rising need for precise measurement solutions. The market was valued at approximately $5.75 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.48 per cent, reaching a market size of $9.8 billion by 2032.

This rapid expansion reflects the growing demand across a variety of sectors, including oil and gas, water and wastewater management, and chemicals, where the need for accurate fluid measurement is paramount.

As industries seek to optimise operations, improve resource management, and ensure compliance with ever-stricter regulations, the intelligent flowmeter market is set to experience continued robust growth.

According to Market Research Future, the intelligent flowmeter market is expected to grow from $6.07 billion in 2023 to $9.8 billion by 2032, showcasing its broadening scope and increasing relevance across diverse industries.

RISING DEMAND FOR ACCURATE MEASUREMENT SOLUTIONS

The increasing demand for accurate and reliable flow measurement is one of the primary drivers behind the expansion of the intelligent flowmeter market.

In industries like water and wastewater management, oil and gas, and chemical processing, maintaining accurate data for flow measurement is essential not only for operational efficiency but also for regulatory compliance and sustainability goals.

As companies strive to meet environmental regulations, intelligent flowmeters offer real-time data collection, making it easier for organisations to track energy usage, emissions, and water consumption.

This enables companies to optimise resource use, reduce waste, and cut costs while enhancing their environmental performance.