World - Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the current and future trends in the global market for non-electronic liquid or gas measuring instruments. It projects growth in both consumption volume and value over the period from 2022 to 2030, with a forecasted increase in market volume to 107M units and market value to $28.5B by the end of 2030. The article also covers the production, imports, and exports of these instruments, highlighting key countries and their growth rates in the market.
Market Forecast
Driven by rising demand for non-electronic liquid or gas measurer worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market volume to 107M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.2% for the period from 2022 to 2030, which is projected to bring the market value to $28.5B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases
In 2022, the amount of non-electronic instruments for measuring or checking variables of liquids or gases consumed worldwide expanded rapidly to 79M units, growing by 6.2% against 2021 figures. Over the period under review, consumption, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by 9.1% against the previous year. Over the period under review, global consumption attained the maximum volume at 382M units in 2020; however, from 2021 to 2022, consumption remained at a lower figure.
The revenue of the market for non-electronic instruments for measuring or checking variables of liquids or gases worldwide reached $17.7B in 2022, surging by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt downturn. As a result, consumption attained the peak level of $153.9B. From 2018 to 2022, the growth of the global market remained at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (12M units), China (9.5M units) and Italy (9.1M units), together accounting for 39% of global consumption.
From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +43.7%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest non-electronic liquid or gas measurer markets worldwide were Italy ($3.2B), Japan ($2B) and Saudi Arabia ($946M), with a combined 35% share of the global market.
Italy, with a CAGR of +40.7%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of non-electronic liquid or gas measurer per capita consumption was registered in Switzerland (387 units per 1000 persons), followed by Italy (153 units per 1000 persons), Saudi Arabia (42 units per 1000 persons) and Canada (40 units per 1000 persons), while the world average per capita consumption of non-electronic liquid or gas measurer was estimated at 10 units per 1000 persons.
In Switzerland, non-electronic liquid or gas measurer per capita consumption increased at an average annual rate of +30.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+43.8% per year) and Saudi Arabia (+17.4% per year).
Production
World Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases
In 2022, global production of non-electronic instruments for measuring or checking variables of liquids or gases expanded markedly to 72M units, surging by 12% on the year before. Over the period under review, production, however, showed a deep setback. Over the period under review, global production hit record highs at 373M units in 2020; however, from 2021 to 2022, production failed to regain momentum.
In value terms, non-electronic liquid or gas measurer production amounted to $14.6B in 2022 estimated in export price. Overall, production enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of 40%. Global production peaked at $14.9B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (18M units), Italy (9M units) and Japan (4.7M units), with a combined 44% share of global production.
From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +56.0%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases
In 2022, purchases abroad of non-electronic instruments for measuring or checking variables of liquids or gases decreased by -5.5% to 47M units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. As a result, imports attained the peak of 50M units, and then reduced in the following year.
In value terms, non-electronic liquid or gas measurer imports amounted to $3.8B in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Imports By Country
The United States (15M units) and China (11M units) were the main importers of non-electronic instruments for measuring or checking variables of liquids or gases in 2022, accounting for approx. 31% and 23% of total imports, respectively. India (2.8M units) took the next position in the ranking, followed by Thailand (2.7M units). All these countries together held approx. 11% share of total imports. The following importers - Canada (1.6M units), Brazil (1.1M units), Uzbekistan (0.9M units), South Africa (0.7M units) and Germany (0.7M units) - together made up 11% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of +63.8%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($435M), China ($412M) and Germany ($366M) constituted the countries with the highest levels of imports in 2022, with a combined 32% share of global imports. Canada, India, Brazil, Thailand, South Africa and Uzbekistan lagged somewhat behind, together comprising a further 7.9%.
Among the main importing countries, Uzbekistan, with a CAGR of +34.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $80 per unit in 2022, surging by 6.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15%. As a result, import price reached the peak level of $94 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($495 per unit), while Uzbekistan ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases
Global non-electronic liquid or gas measurer exports stood at 40M units in 2022, remaining constant against 2021. Overall, exports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of 50%. The global exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, non-electronic liquid or gas measurer exports shrank to $3.8B in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports attained the peak of $3.8B, leveling off in the following year.
Exports By Country
China represented the largest exporter of non-electronic instruments for measuring or checking variables of liquids or gases in the world, with the volume of exports recording 19M units, which was approx. 47% of total exports in 2022. The United States (4.1M units) ranks second in terms of the total exports with a 10% share, followed by Mexico (8.7%) and Switzerland (4.8%). The following exporters - India (1.8M units), Hong Kong SAR (1.7M units), Taiwan (Chinese) (1.7M units) and Germany (1.4M units) - each finished at a 16% share of total exports.
From 2012 to 2022, average annual rates of growth with regard to non-electronic liquid or gas measurer exports from China stood at +6.6%. At the same time, Hong Kong SAR (+30.6%), Taiwan (Chinese) (+16.1%), India (+5.7%), Germany (+5.1%), Switzerland (+3.4%) and the United States (+1.3%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.6% from 2012-2022. By contrast, Mexico (-6.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Hong Kong SAR and Taiwan (Chinese) increased by +11, +3.8 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($762M), the United States ($502M) and Switzerland ($379M) were the countries with the highest levels of exports in 2022, with a combined 44% share of global exports. China, Mexico, Taiwan (Chinese), Hong Kong SAR and India lagged somewhat behind, together accounting for a further 13%.
In terms of the main exporting countries, Hong Kong SAR, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $93 per unit, therefore, remained relatively stable against the previous year. In general, the export price showed a mild slump. The most prominent rate of growth was recorded in 2013 an increase of 38% against the previous year. The global export price peaked at $178 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($536 per unit), while India ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.2%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for non-electronic liquid or gas measurer. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26515289 - Non-electronic instruments for measuring or checking variables of liquids or gases (including heat meters, excluding for measuring or checking pressure/flow/level of liquids)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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