Electromagnetic Flowmeter Market Size (2024 - 2029)

Electromagnetic Flowmeter Market Analysis

The Electromagnetic Flowmeter Market is expected to register a CAGR of 5.1% during the forecast period. The growing need for high accuracy, reliable measurement, and monitoring of industrial fluids for optimum utilization are major factors driving the growth of the market studied. With the increased mining activities, the flow measurement in the mining sectors is becoming challenging over the recent past. Slurries, chunks of rocks, and gravel result in noisy flow signals and are most abrasive. Corrosive fluids require chemical compatibility of the wetted parts within the flowmeter sensor.

• Electromagnetic flowmeters are being widely adopted to measure liquids that are conductive in nature. Liquids with a minimum conductivity of 10 μS/cm are easily measured using an electromagnetic flowmeter. As the electromagnetic flowmeter does not have any moving parts, it requires less maintenance than other flowmeters. It can generally be used for any line size, with good accuracy and no pressure loss. Primarily, industries are investing in flowmeters, where accuracy is of utmost importance, i.e., in the range of 0.2% to 0.5%.
• Sewage water treatment, water distribution, effluent measurement, slurry, and other dense liquid measurements in various public and private sectors are some of the highly adopted applications of electromagnetic flowmeters. Furthermore, introducing battery-powered electromagnetic flowmeters eliminates the power supply issues, expanding its scope among small industries.
• The growing need for wastewater treatment is also a significant factor driving the growth of the market studied. Many waste management organizations are investing in electromagnetic flowmeters as their plants are also expanding.
• In June 2021, KROHNE Inc. announced the TIDALFLUX 2300 F, an electromagnetic flowmeter that provides reliable flow measurement in pipes between 10 and 100% complete. It features a non-contact sensor that remains unaffected by oils and fats floating on the surface. TIDALFLUX 2300 F has high chemical and abrasion resistance and is available in diameter to fit pipes up to 64 inches. TIDALFLUX 2300 F is best-suitable for municipal or industrial wastewater transport applications.
• The outbreak of COVID-19 triggered the electromagnetic flowmeters market to re-evaluate its conventional production processes, fundamentally driving the digital transformation and Industry 4.0 practices across the production lines. The manufacturers are also forced to devise and deploy multiple new and agile approaches to monitor product and quality control. The COVID-19 pandemic created economic turmoil globally for small, medium, and large-scale industries. The government's lockdown was inflicted to minimize the virus' spread, resulting in sectors taking a hit.

Electromagnetic Flowmeter Industry Segmentation

Electromagnetic flowmeters measure the flow of fluid with the help of the voltage induced across the liquid by its flow through a magnetic field.

The Electromagnetic Flowmeter Market is segmented by Product (In-line Magnetic Flowmeters, Low Flow Magnetic Flowmeters, Insertion Magnetic Flowmeters), by Application (Water and Wastewater, Chemicals and Petrochemicals, Power Generation, Metals and Mining, Oil and Gas, Food and Beverage), and by Geography (North America, Europe, Asia Pacific, Latin America, MEA). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.