Mexico Flow Meters Market Shipment Analysis
Mexico Flow Meters Market registered a growth of 22.42% in value shipments in 2022 as compared to 2021 and an increase of 3.79% CAGR in 2022 over a period of 2017. In Flow Meters Market Mexico is becoming more competitive as the HHI index in 2022 was 2807 while in 2017 it was 3226. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Mexico has reportedly relied more on domestic production to meet its growing demand in Flow Meters Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Flow Meters Market in 2022 was 0.77 while in 2017 it was 0.81. USA, China, Germany, Japan and France were among the top players of the market in 2022, where USA acquired the largest market share of 49.83% with a shipment value of 81.49 million USD in 2022 USA also offered the product below the average market price thus having a competitive advantage over others In 2017 USA had the largest market share of 55.11% with the shipment value of 58.9 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As USA price is lower than the average price, it provided a significant edge among other competitor in 2017.
Mexico Flow Meters Market Synopsis
The Mexico Flow Meters Market is estimated to grow at a faster pace in the years to come owing to the growing investments in sectors like chemicals, oil and gas, and water as well as wastewater treatment. In these industries, flow meters are the most crucial components as they help measuring and monitoring the flow of fluids as well as gases.
According to 6Wresearch, the Mexico Flow Meters Market size is anticipated to grow at a higher growth rate during 2023-2029. The sector in the country is expected to witness a huge growth during the forecast period, on the back of growing investments in sectors like chemicals, oil and gas, and water as well as wastewater treatment. In these industries, flow meters are the most crucial components as they help measuring and monitoring the flow of fluids as well as gases. The rising demand of flow meters from these sectors is boosting the Mexico Flow Meters Market share.
The energy sector of Mexico has been a major driver of the nation’s economy, and it is anticipated to continue to rise in the years to come. The nation is amongst the largest oil producers across the world, and it is investing in renewable energy sources like solar and wind power. These sectors need reliable and accurate flow measurement devices, that are provided by the flow meter manufacturers. Additionally, chemical sector is also a key consumer of flow meters in the country. The nation has a large chemical manufacturing industry, that produces a variety of products, including plastics, pharmaceuticals, and fertilizers.
This market is a major part of the North America Flow Meters Market. The use of flow meters is to measure the flow of production process of chemicals and ensure they are mixed properly and accurately. The water and wastewater treatment sector is also likely to drive the growth of this sector. Flow meters are important in this sector to correctly measure the water flow and ensure that it is distributed and treated accurately.
COVID-19 Impact on Mexico Flow Meters Market
Like many other sectors, the flow meters market in Mexico impacted by the COVID-19 pandemic. The coronavirus pandemic had both short-term as well as long-term impacts on the sector, including:
- Disruptions in supply chain as well as production: The coronavirus pandemic disrupted the worldwide supply chains and it caused delays in the production as well as delivery of flow meters, which impacted manufacturers in the country who rely on imported components in order to produce their products.
- Reduced demand from major industries: A number of industries that use flow meters, like oil and gas and chemicals, experienced reduced demand owing to the pandemic. This led to a reduction in demand for flow meters.
- Delayed investments as well as projects: The coronavirus pandemic led to delays in investments as well as projects in several industries, including those that use flow meters. This resulted in a reduced demand for flow meters in short term.
- Remote working and monitoring: There were an increased focus on remote working as well as monitoring during the pandemic. This led to a higher demand for wireless as well as remote monitoring solutions in the flow meters industry.
- Rising demand for medical equipment: The coronavirus disease led to a growth in demand for medical equipment, including flow meters which are used in respiratory equipment like ventilators.
Market Analysis by Product
Based on product, the Flow Meters Market in Mexico is fragmented into Differential Pressure (DP), Positive Displacement (PD), Magnetic, Ultrasonic, Coriolis, Turbine, Vortex, and Others. The magnetic segment is expected to account for the highest share of the sector.
Market Analysis by Application
Based on application, the Mexico Flow Meters Industry is fragmented into Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverage, and Others. The oil & gas segment is likely to accomplish largest share in the market.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Mexico Flow Meters Market Outlook
- Market Size of Mexico Flow Meters Market, 2022
- Forecast of Mexico Flow Meters Market, 2029
- Historical Data and Forecast of Mexico Flow Meters Revenues & Volume for the Period 2019 - 2029
- Mexico Flow Meters Market Trend Evolution
- Mexico Flow Meters Market Drivers and Challenges
- Mexico Flow Meters Price Trends
- Mexico Flow Meters Porter's Five Forces
- Mexico Flow Meters Industry Life Cycle
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Product for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Differential Pressure (DP) for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Positive Displacement (PD) for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Magnetic for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Ultrasonic for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Coriolis for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Turbine for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Vortex for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Differential Pressure (DP) Flow Meters Market Revenues & Volume By Others for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Application for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Water & Wastewater for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Chemicals for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Power Generation for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Pulp & Paper for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Food & Beverage for the Period 2019 - 2029
- Historical Data and Forecast of Mexico Flow Meters Market Revenues & Volume By Others for the Period 2019 - 2029
- Mexico Flow Meters Import Export Trade Statistics
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Application
- Mexico Flow Meters Top Companies Market Share
- Mexico Flow Meters Competitive Benchmarking By Technical and Operational Parameters
- Mexico Flow Meters Company Profiles
- Mexico Flow Meters Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
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
Mexico Flow Meters Market Synopsis: FAQs
The competition is rising more and more in the market as this market has taken a crucial place in the smooth progression of many other markets in the country.
The flow meters are essential to accurately monitor liquid flow in refineries, power generation, as well as water treatment plants. These meters are used in order to maintain efficiency and they help in understanding profit gains and losses. It is a device which is used to measure the mass or volume of a gas or liquid.
The Mexico Flow Meters Market is estimated to grow at a faster pace in the years to come owing to the growing investments in sectors like chemicals, oil and gas, and water as well as wastewater treatment.
The sector in the country is expected to witness a huge growth during the forecast period, on the back of growing investments in sectors like chemicals, oil and gas, and water as well as wastewater treatment.
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