China Mass Flow Meter Industry Research and Investment Forecast Report (2022 Edition)
In recent years, with the rapid development of the world economy, the demand for energy has increased significantly. With the improvement of requirements for handover measurement, environmental protection, informatization, and fine management, the market application of mass flow meters has also increased significantly.
The global mass flow meter market size was valued at approximately USD 1.9 billion in 2019, and major application areas include industries such as oil and gas, chemical and petrochemical, and food and beverage. Among them, the market share of liquid applications is about 1.5 billion US dollars, accounting for about 79%; the market share of gas applications is about 400 million US dollars, accounting for about 21%. The annual growth rate of mass flow meters is about 11%, with the growth mainly coming from the energy industry. The energy sector in the Asia-Pacific region has the fastest growth, and investment in oil and gas projects in the Middle East market continues to grow.
In 2019, the market size of the domestic mass flow meter market is about 1.8 billion yuan. The imported brands in the market ranking are mainly Emerson, Endress+Hauer (E+H), Krohne, Yokogawa and ABB. Domestic products account for about 10%, and Xi'an Dongfeng Electric and Shanxi Taihang lead the domestic manufacturers.
Foreign manufacturers carry out product positioning according to market demand and application fields, and pay great attention to the detailed differentiation of product design performance, component composition, and software functions, and implement product design positioning, performance positioning, function positioning, and application positioning, which strengthens the product's market orientation and The level of specialization of the product.
Domestic manufacturers represented by Xi'an Dongfeng are market-oriented and meet different market demands by developing series of products, gradually narrowing the gap with foreign manufacturers. For the serialized products that have been put on the market, it is recommended that domestic manufacturers continue to optimize performance and formulate systematic optimization plans to narrow the gap with foreign products; at the same time, it is necessary to further improve the reliability of domestic products.
In the face of opportunities and challenges, I believe that domestic manufacturers of mass flowmeters will effectively promote the process of localization through continuous technological improvement, reasonable pricing, and the development of customizable application-based technologies, combined with the service advantages, application advantages and technical capabilities of domestic manufacturers.
