Product Code: 17429
The Global Oil & Gas Ultrasonic Flowmeter Market will grow from USD 541.56 Million in 2025 to USD 865.61 Million by 2031 at a 8.13% CAGR. Ultrasonic flowmeters measure fluid velocity using high-frequency acoustic waves, providing a non-intrusive method for quantifying flow rates within the oil and gas sector.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 541.56 Million |
| Market Size 2031 | USD 865.61 Million |
| CAGR 2026-2031 | 8.13% |
| Fastest Growing Segment | Spool piece |
| Largest Market | Asia Pacific |
Key Market Drivers
The expansion of global natural gas and LNG infrastructure serves as a primary catalyst for the widespread adoption of ultrasonic flowmeters. These devices are integral to cryogenic applications and large-scale custody transfer points where minimizing pressure drop is essential for operational efficiency. As nations diversify energy portfolios, the construction of new terminals has surged, necessitating instrumentation that ensures fiscal accuracy without the mechanical wear issues of legacy turbines.
Key Market Challenges
The high upfront capital investment required for ultrasonic flowmeters constitutes a substantial barrier to their widespread adoption in the global oil and gas market. While these devices offer superior operational efficiencies, their initial purchase and installation costs are significantly higher than those of traditional mechanical alternatives such as turbine or differential pressure meters. This price disparity becomes a decisive factor during procurement, particularly for cost-sensitive operators in emerging economies or those managing mature fields with tight margins.
Key Market Trends
The development of hydrogen-ready and multi-gas metering solutions is actively reshaping the technological landscape as operators transition toward low-carbon energy portfolios. Ultrasonic flowmeters are being re-engineered to accommodate the distinct sound speed and attenuation properties of hydrogen, which differ significantly from natural gas, ensuring high-precision measurement for both blended pipelines and pure hydrogen streams. This innovation is critical for maintaining fiscal accuracy and safety as the industry scales infrastructure to support decarbonization mandates.
Key Market Players
- Baker Hughes Company
- Endress+Hauser Group Services AG
- Fuji Electric Co. Ltd
- Honeywell International Inc.
- Emerson Electric Co.
- Badger Meter Inc.
- Omega Engineering Inc
- KROHNE Group
- Teledyne Technologies Incorporated
- Bronkhorst High-Tech BV
Report Scope:
In this report, the Global Oil & Gas Ultrasonic Flowmeter Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Oil & Gas Ultrasonic Flowmeter Market, By Technology:
- Transit-time
- Doppler and Hybrid
Oil & Gas Ultrasonic Flowmeter Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Oil & Gas Ultrasonic Flowmeter Market.
Available Customizations:
Global Oil & Gas Ultrasonic Flowmeter Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Oil & Gas Ultrasonic Flowmeter Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Technology (Transit-time, Doppler and Hybrid)
- 5.2.2. By Region
- 5.2.3. By Company (2025)
- 5.3. Market Map
6. North America Oil & Gas Ultrasonic Flowmeter Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.2. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Oil & Gas Ultrasonic Flowmeter Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.2. Canada Oil & Gas Ultrasonic Flowmeter Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.3. Mexico Oil & Gas Ultrasonic Flowmeter Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
7. Europe Oil & Gas Ultrasonic Flowmeter Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Oil & Gas Ultrasonic Flowmeter Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.2. France Oil & Gas Ultrasonic Flowmeter Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.3. United Kingdom Oil & Gas Ultrasonic Flowmeter Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.4. Italy Oil & Gas Ultrasonic Flowmeter Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.5. Spain Oil & Gas Ultrasonic Flowmeter Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
8. Asia Pacific Oil & Gas Ultrasonic Flowmeter Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Oil & Gas Ultrasonic Flowmeter Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.2. India Oil & Gas Ultrasonic Flowmeter Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.3. Japan Oil & Gas Ultrasonic Flowmeter Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.4. South Korea Oil & Gas Ultrasonic Flowmeter Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.5. Australia Oil & Gas Ultrasonic Flowmeter Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
9. Middle East & Africa Oil & Gas Ultrasonic Flowmeter Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Oil & Gas Ultrasonic Flowmeter Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.2. UAE Oil & Gas Ultrasonic Flowmeter Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.3. South Africa Oil & Gas Ultrasonic Flowmeter Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
10. South America Oil & Gas Ultrasonic Flowmeter Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Oil & Gas Ultrasonic Flowmeter Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Technology
- 10.3.2. Colombia Oil & Gas Ultrasonic Flowmeter Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Technology
- 10.3.3. Argentina Oil & Gas Ultrasonic Flowmeter Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Technology
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Oil & Gas Ultrasonic Flowmeter Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Baker Hughes Company
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Endress+Hauser Group Services AG
- 15.3. Fuji Electric Co. Ltd
- 15.4. Honeywell International Inc.
- 15.5. Emerson Electric Co.
- 15.6. Badger Meter Inc.
- 15.7. Omega Engineering Inc
- 15.8. KROHNE Group
- 15.9. Teledyne Technologies Incorporated
- 15.10. Bronkhorst High-Tech BV
16. Strategic Recommendations
17. About Us & Disclaimer