Gas and Liquid Flow Management Systems Market
Gas and Liquid Flow Management Systems Market Analysis By Product Type (Flow Meters, Pump, Control Valves, Linear Valves, Rotary Valves, Calibration Systems, Gas Metering Systems, Liquid Metering Systems) By End-Use and By Region – Global Market Insights 2022 to 2032
Analysis of Gas and Liquid Flow Management Systems market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Gas and Liquid Flow Management System Market Outlook (2022-2032)
Worldwide demand for gas and liquid flow management systems is projected to increase at a CAGR of 3.9% from 2022 to 2032. At present, the global gas and liquid flow management system market stands at US$ 18.58 billion and is expected to climb to a market valuation of US$ 27.25 billion by the end of 2032.
Governments across the world have implemented strict safety laws for all industrial establishments to ensure worker safety, and this has resulted in high sales of gas and liquid flow management systems.
Gas and Liquid Flow Management System Market Size (2022E)
US$ 18.58 Billion
Forecasted Market Value (2032F)
US$ 27.25 Billion
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Key Companies Profiled
Know thy Competitors
Competitive landscape highlights only certain players
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Gas and Liquid Flow Management System Demand Analysis (2017-2021) in Comparison to Market Growth Forecasts (2022-2032)
Worker safety in industrial environments has become an area of great importance over the past few years as the world has witnessed some catastrophic events leading to the great loss of life and infrastructure.
To avoid such accidents, gas and liquid flow management systems are deployed in industrial environments to keep a check on the flow of gases and liquids that could potentially be harmful if not monitored with care.
Increasing use of automation has resulted in a further intricate nature of the industrial ecosystem which if not maintained could risk the safety of workers and the infrastructure itself.
Smart measurement devices are being widely used to monitor flows in industries and as safety norms get more stringent it is expected to further boost shipments of gas and liquid flow management systems over the coming years.
Rapid industrialization and increasing focus on safety in industrial environments are other crucial factors that drive gas and liquid flow management system demand.
Flowmeters, calibration systems, flow controllers, and leak detectors are expected to witness high demand across the forecast period. However, the high costs of installation and maintenance of these gas and liquid flow management systems are expected to have a restraining effect on the overall market potential.
From 2022 to 2032, demand for gas and liquid flow management systems is expected to rise at a CAGR of 3.9%.
What Market Determinants Guide the Sales of Gas and Liquid Flow Management Systems?
“Increasing Focus on Facility & Worker Safety”
Safety is a prime focus of various governments across the world as the incidence of industrial accidents has increased over the past years.
Governments of various countries have introduced strict laws to ensure worker safety and this has increased the deployment of gas and liquid flow management systems by various industrial establishments.
“Rising Demand for Advanced Industrial Measurement Equipment”
Technological proliferation in the industrial landscape has increased substantially and this has led to the adoption of smart and intelligent devices by various manufacturers.
Predictive intelligence capabilities of new industrial measuring equipment are highly popular in the industrial landscape and this trend is expected to be rife across the forecast period.
Automation is also playing a crucial role in driving the demand for advanced and smart gas and liquid flow management systems and is expected to promote gas and liquid flow management system market growth throughout the forecast period.
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How Can New Companies Revolutionize the Gas and Liquid Flow Management Device Space?
“Start-ups Can Focus on Industry 4.0 Trend to Gain Prominent Market Share”
- BR2W, a Brazillian firm, is aiming for the automation of traditional machine parts in the oil & gas industry. The company is creating new Wi-Fi-controlled devices that can be swapped or mounted with existing parts to make them compliant with the Industry 4.0 trend of automation. This will enable traditional companies and industrial establishments to move towards automation without incurring the huge costs of migration.
Incoming market players can mimic such novel product offerings and advance their market presence across the world. Start-ups are expected to focus on the development and launch of new devices that promote automation in various industries.
Fact.MR, a market research and competitive intelligence provider, has compiled a detailed analysis of the start-up scene in this new gas and liquid flow management system market research report.
Which Regions Should Gas and Liquid Flow Management Equipment Manufacturers Focus on?
“North America & Asia Pacific to Provide Rewarding Business Opportunities”
North America gas and liquid flow management system market stands at a revenue total of US$ 4.7 billion in 2022 and accounts for a notable market share of 25.3%.
Increasing focus on worker safety and rising use of advanced technologies in the industrial landscape are expected to be prominent factors driving gas and liquid flow management system market growth in this region.
The growing chemical industry in Europe is anticipated to provide lucrative opportunities for gas and liquid flow management system vendors. At present, the Europe gas and liquid flow management system market accounts for a market share of 22.9% and is valued at US$ 4.25 billion.
Rapid industrialization and implementation of stringent norms for worker safety by governments in the Asia Pacific region are projected to primarily drive gas and liquid flow management system shipments across the forecast period.
In 2022, the China gas and liquid flow management system market holds a value of US$ 2.75 billion and a market share of 14.8%.
Supportive government initiatives to promote the manufacturing industry and increasing investments in the industrial sector are expected to be prominent factors driving gas and liquid flow management system sales in the country.
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Competitive Landscape :
Gas and liquid flow management system manufacturers are focusing on the development and launch of novel flow management systems to bolster their revenue generation potential.
- In March 2022, GWF MessSysteme AG, a leading organization in the flow management industry, developed a new system to measure water and wastewater flow with novel technologies. Q-Eye PSC is capable of precisely measuring flow through open channel and partially filled pipe flows in terms of velocity.
Segmentation of Gas and Liquid Flow Management System Industry Research
by Product Type :
- Flow Meters
- Turbine Flow Meters
- Ultrasonic Flow Meters
- Centrifugal Pumps
- Positive Displacement Pumps
- Control Valves
- Linear Valves
- Rotary Valves
- Calibration Systems
- Gas Metering Systems
- Liquid Metering Systems
- Flow Meters
by End Use :
- Oil & Gas Industry
- Heavy Goods (Metal & Mining)
- Chemical Processing
by Region :
- North America
- Latin America
- FAQs -
The global gas and liquid flow management system market is valued at US$ 18.58 billion.
By 2032, sales of gas and liquid flow management devices will reach US$ 27.25 billion.
The global market is expected to rise at 3.9% CAGR from 2022 to 2032.
The China gas and liquid flow management system market holds 14.8% share.