Global Magnetic-Flowmeter-Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

Magnetic Coils, Sensing Electrodes, Transmitters, and Non-Magnetic Flow Tubes.

By Product ;

In-Line Magnetic Flowmeters, Insertion Magnetic Flowmeters, and Low Flow Magnetic Flowmeters.

By Technology;

Profibus, Modbus, Fieldbus, and Hart.

By Application;

Water & Wastewater, Oil & Gas, Chemicals & Petrochemicals, Food & Beverages, Power Generation, Pulp & Paper, Metals & Mining, Pharmaceuticals, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn019987070 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Magnetic-Flowmeter-Market (USD Million), 2021 - 2031

In the year 2024, the Global Magnetic-Flowmeter- Market was valued at USD 6,061.44 million. The size of this market is expected to increase to USD 8,608.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The global magnetic flowmeter market has witnessed substantial growth over the years as industrial sectors demand precise, reliable, and accurate flow measurement solutions for various applications. Magnetic flowmeters (often referred to as magmeters) operate based on Faraday’s Law of Electromagnetic Induction and are primarily used for measuring the flow of conductive liquids and slurries in industries such as water and wastewater treatment, chemicals, petrochemicals, food and beverages, pharmaceuticals, oil and gas, and power generation. These meters offer numerous advantages, including high accuracy, low maintenance, and the ability to handle challenging fluids such as corrosive, abrasive, and viscous liquids.

Magnetic flowmeters work by passing an electrically conductive fluid through a magnetic field, which induces a voltage proportional to the flow velocity of the liquid. This voltage is detected by electrodes and converted into an accurate measurement. One of the most attractive features of magnetic flowmeters is their non-intrusive nature. Unlike mechanical flowmeters, they don’t have moving parts, reducing wear and tear and minimizing the need for frequent maintenance. These characteristics make them ideal for industries where precise and continuous monitoring of flow is critical, especially when the fluid being measured contains suspended solids, slurries, or abrasive materials that might damage traditional flow metering technologies.

The increasing demand for automation, coupled with stringent regulations regarding fluid monitoring and measurement, is driving the growth of the magnetic flowmeter market. As industries worldwide are pushing towards smarter, more efficient operations, the integration of flowmeters with advanced automation systems has become a major trend. These systems provide real-time data, predictive analytics, and remote monitoring, enabling businesses to make data-driven decisions for optimizing operations and ensuring regulatory compliance. Moreover, the growing adoption of Internet of Things (IoT) technologies and Industry 4.0 has accelerated the demand for intelligent flow measurement solutions, boosting market growth.

The magnetic flowmeter market is also expanding due to technological advancements that allow these meters to be more accurate and capable of measuring a wider range of fluids. Manufacturers are continuously improving the design and features of magnetic flowmeters to offer more robust solutions that can operate in extreme environmental conditions. These advancements, along with growing urbanization and industrialization across emerging economies, are contributing to the growth of the magnetic flowmeter market globally. For instance, developing countries are witnessing rapid industrialization and infrastructure development, which is driving the demand for effective water management and industrial flow measurement systems.

Additionally, magnetic flowmeters offer a significant advantage in applications where fluid conductivity is consistent, as they provide continuous and real-time data with minimal maintenance. This is particularly valuable in industries like water and wastewater treatment, where precise control and monitoring of fluid flow are essential for compliance with environmental regulations. Industries that deal with aggressive or hazardous chemicals also prefer magnetic flowmeters due to their durable, leak-proof construction and ability to provide accurate measurements without direct contact with the fluid.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Product
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Magnetic-Flowmeter-Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for accurate and reliable flow measurement
        2. Technological advancements in magnetic flowmeters
        3. Integration with IoT and automation systems for enhanced functionality
      2. Restraints
        1. High initial cost of installation and setup
        2. Dependence on fluid conductivity for accurate measurement
        3. Challenges in measuring non-conductive or low-conductivity fluids
      3. Opportunities
        1. Growth in industrial automation and Industry 4.0
        2. Expansion of water and wastewater treatment applications
        3. Rising demand in emerging markets for advanced flow measurement solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Magnetic-Flowmeter-Market, By Component, 2021 - 2031 (USD Million)\
      1. Magnetic Coils
      2. Sensing Electrodes
      3. Transmitters
      4. Non-Magnetic Flow Tubes
    2. Global Magnetic-Flowmeter-Market, By Product , 2021 - 2031 (USD Million)
      1. In-Line Magnetic Flowmeters
      2. Insertion Magnetic Flowmeters
      3. Low Flow Magnetic Flowmeters
    3. Global Magnetic-Flowmeter-Market, By Technology, 2021 - 2031 (USD Million)
      1. Profibus
      2. Modbus
      3. Fieldbus
      4. Hart
    4. Global Magnetic-Flowmeter-Market, By Application, 2021 - 2031 (USD Million)
      1. Water & Wastewater
      2. Oil & Gas
      3. Chemicals & Petrochemicals
      4. Food & Beverages
      5. Power Generation
      6. Pulp & Paper
      7. Metals & Mining
      8. Pharmaceuticals
      9. Others
    5. Global Magnetic-Flowmeter-Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Ltd.
      2. Azbil Corporation
      3. Endress+Hausar Ag
      4. Emerson Electric Corporation
      5. General Electric
      6. Honeywell international inc.
      7. Krohne Messtechnik Gmbh
      8. Omega Engineering inc.
      9. Siemens Ag
      10. Yokogawa Electric Corporation
  7. Analyst Views
  8. Future Outlook of the Market