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: ETC022643 | Publication Date: Feb 2023 | Updated Date: Sep 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
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.
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.
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:
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.
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.
The report offers a comprehensive study of the subsequent 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 Mexico Flow Meters Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Flow Meters Market Revenues & Volume, 2022 & 2029F |
3.3 Mexico Flow Meters Market - Industry Life Cycle |
3.4 Mexico Flow Meters Market - Porter's Five Forces |
3.5 Mexico Flow Meters Market Revenues & Volume Share, By Product, 2022 & 2029F |
3.6 Mexico Flow Meters Market Revenues & Volume Share, By Application , 2022 & 2029F |
4 Mexico Flow Meters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Flow Meters Market Trends |
6 Mexico Flow Meters Market, By Types |
6.1 Mexico Flow Meters Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Mexico Flow Meters Market Revenues & Volume, By Product, 2019 - 2029F |
6.1.3 Mexico Flow Meters Market Revenues & Volume, By Differential Pressure (DP), 2019 - 2029F |
6.1.4 Mexico Flow Meters Market Revenues & Volume, By Positive Displacement (PD), 2019 - 2029F |
6.1.5 Mexico Flow Meters Market Revenues & Volume, By Magnetic, 2019 - 2029F |
6.1.6 Mexico Flow Meters Market Revenues & Volume, By Ultrasonic, 2019 - 2029F |
6.1.7 Mexico Flow Meters Market Revenues & Volume, By Coriolis, 2019 - 2029F |
6.1.8 Mexico Flow Meters Market Revenues & Volume, By Turbine, 2019 - 2029F |
6.1.9 Mexico Flow Meters Market Revenues & Volume, By Others, 2019 - 2029F |
6.1.10 Mexico Flow Meters Market Revenues & Volume, By Others, 2019 - 2029F |
6.2 Mexico Flow Meters Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Mexico Flow Meters Market Revenues & Volume, By Water & Wastewater, 2019 - 2029F |
6.2.3 Mexico Flow Meters Market Revenues & Volume, By Oil & Gas, 2019 - 2029F |
6.2.4 Mexico Flow Meters Market Revenues & Volume, By Chemicals, 2019 - 2029F |
6.2.5 Mexico Flow Meters Market Revenues & Volume, By Power Generation, 2019 - 2029F |
6.2.6 Mexico Flow Meters Market Revenues & Volume, By Pulp & Paper, 2019 - 2029F |
6.2.7 Mexico Flow Meters Market Revenues & Volume, By Food & Beverage, 2019 - 2029F |
7 Mexico Flow Meters Market Import-Export Trade Statistics |
7.1 Mexico Flow Meters Market Export to Major Countries |
7.2 Mexico Flow Meters Market Imports from Major Countries |
8 Mexico Flow Meters Market Key Performance Indicators |
9 Mexico Flow Meters Market - Opportunity Assessment |
9.1 Mexico Flow Meters Market Opportunity Assessment, By Product, 2022 & 2029F |
9.2 Mexico Flow Meters Market Opportunity Assessment, By Application, 2022 & 2029F |
10 Mexico Flow Meters Market - Competitive Landscape |
10.1 Mexico Flow Meters Market Revenue Share, By Companies, 2022 |
10.2 Mexico Flow Meters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |