Flow Meter Market Size Is Expected To Reach USD 12.99 Billion By 2028
San Francisco, 15 April 2021: The Report Flow Meter Market Size, Share & Trends Analysis Report By Product, By Application (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverage), By Region, And Segment Forecasts, 2021 - 2028 The global flow meter market size is estimated to reach USD 12.99 billion by 2028, according to the new report conducted by Grand View Research, Inc. It is projected to register a CAGR of 5.70% during the forecast period. The penetration of IoT has helped the evolution of smart flow rate measurement solutions, leading to an increased demand for intelligent flow meters. The adoption of flow meters is expected to increase as rapid urbanization triggers the need for better water and wastewater management. The advancements in technology have made ultrasonic and Coriolis flow meters more reliable and accurate than their counterparts. The integration of IoT in flow rate measurement solutions has helped transf