Market Forecast By Product (Differential Pressure (DP), Positive Displacement (PD), Magnetic, Ultrasonic, Coriolis, Turbine, Vortex, Others), By Application (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverage, Others) And Competitive Landscape
Product Code: ETC022661 | Publication Date: Oct 2020 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The China Flow Meters Market could see a tapering of growth rates over 2025 to 2029. Starting high at 7.15% in 2025, the market steadily declines to 5.29% by 2029.
The China Flow Meters Market Report thoroughly covers the market by product and application. The China Flow Meters Market Outlook report provides an unbiased and detailed analysis of the ongoing China Flow Meters Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
China Flow Meters Market is anticipated to attain significant growth on the back of the increasing demand for flow meters in many industries, rapid urbanization in the country, and several initiatives taken by the government of the country to support the growth of this market.
According to 6Wresearch, the China Flow Meters Market size is projected to expand at a CAGR of 4.5% during 2024-2030. The growth of the Chinese flow meters market is mainly driven by the increasing demand for flow meters in various industries, which is helped by overall economic growth. The rise in industrial output, coupled with rapid urbanization, has led to an increase in demand for water management systems, fuel management, and oil and gas production, among other applications, which has directly translated into demand for flow meters. Additionally, the Chinese government has policies such as the "Made in China 2025" initiative, which aims to promote local manufacturing of high-tech products to reduce dependence on foreign technologies, driving demand for locally manufactured flow meters. China Flow Meters Market Growth is driven by all these drivers.
Despite the market's robust growth, the Chinese flow meter market is facing several challenges. These challenges include low product differentiation, lack of standardization, and inadequate regulatory frameworks, which make it challenging to ensure product quality and safety. Additionally, the influx of low-priced, lower-quality flow meter products from other countries has intensified competition and reduced profit margins for local manufacturers.
The Chinese flow meter market has several key players, including both local and international manufacturers. Some of the prominent players in the market include Siemens AG, ABB Ltd., Emerson Electric Co., Azbil Corporation, and Yokogawa Electric Corporation, among others. Local players have also emerged as strong players, such as the Chinese domestic companies, namely Hunan Firstrate Sensor Co., Ltd., Hongqi Instrument (Jiangsu) Co., Ltd., and Changzhou Chengfeng Flowmeter Co., Ltd. Despite the intense competition, several collaborations and partnerships between local and international players can be seen in the market, which creates opportunities for growth and expansion.
To promote local manufacturing, the Chinese government has implemented several measures to support flow meter manufacturers. One of these measures is tax incentives targeted at flow meter manufacturers that is meant to encourage localized production. Additionally, government support has come in the form of research and development funding and policies like increasing the availability of skilled labor through training and education
The product type is the most prominent segmentation, with various products such as differential pressure (DP), positive displacement (PD), magnetic, ultrasonic, Coriolis, turbine, vortex, and others.
According to Rajneesh, Senior Research Analyst, at 6Wresearch, the oil and gas sector is experiencing the most significant growth due to the rising energy demand, followed by the water and wastewater sector driven by the government's investment in clean water supply initiatives.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Flow Meters Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Flow Meters Market Revenues & Volume, 2019 & 2026F |
3.3 China Flow Meters Market - Industry Life Cycle |
3.4 China Flow Meters Market - Porter's Five Forces |
3.5 China Flow Meters Market Revenues & Volume Share, By Product, 2019 & 2026F |
3.6 China Flow Meters Market Revenues & Volume Share, By Application , 2019 & 2026F |
4 China Flow Meters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 China Flow Meters Market Trends |
6 China Flow Meters Market, By Types |
6.1 China Flow Meters Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 China Flow Meters Market Revenues & Volume, By Product, 2016 - 2026F |
6.1.3 China Flow Meters Market Revenues & Volume, By Differential Pressure (DP), 2016 - 2026F |
6.1.4 China Flow Meters Market Revenues & Volume, By Positive Displacement (PD), 2016 - 2026F |
6.1.5 China Flow Meters Market Revenues & Volume, By Magnetic, 2016 - 2026F |
6.1.6 China Flow Meters Market Revenues & Volume, By Ultrasonic, 2016 - 2026F |
6.1.7 China Flow Meters Market Revenues & Volume, By Coriolis, 2016 - 2026F |
6.1.8 China Flow Meters Market Revenues & Volume, By Turbine, 2016 - 2026F |
6.1.9 China Flow Meters Market Revenues & Volume, By Others, 2016 - 2026F |
6.1.10 China Flow Meters Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 China Flow Meters Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 China Flow Meters Market Revenues & Volume, By Water & Wastewater, 2016 - 2026F |
6.2.3 China Flow Meters Market Revenues & Volume, By Oil & Gas, 2016 - 2026F |
6.2.4 China Flow Meters Market Revenues & Volume, By Chemicals, 2016 - 2026F |
6.2.5 China Flow Meters Market Revenues & Volume, By Power Generation, 2016 - 2026F |
6.2.6 China Flow Meters Market Revenues & Volume, By Pulp & Paper, 2016 - 2026F |
6.2.7 China Flow Meters Market Revenues & Volume, By Food & Beverage, 2016 - 2026F |
7 China Flow Meters Market Import-Export Trade Statistics |
7.1 China Flow Meters Market Export to Major Countries |
7.2 China Flow Meters Market Imports from Major Countries |
8 China Flow Meters Market Key Performance Indicators |
9 China Flow Meters Market - Opportunity Assessment |
9.1 China Flow Meters Market Opportunity Assessment, By Product, 2019 & 2026F |
9.2 China Flow Meters Market Opportunity Assessment, By Application , 2019 & 2026F |
10 China Flow Meters Market - Competitive Landscape |
10.1 China Flow Meters Market Revenue Share, By Companies, 2019 |
10.2 China Flow Meters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |