Mass Flow Meter Market: Coriolis & Thermal Technologies in the Global Instruments & Meters Sector (2024-2030)

Executive Summary

• The global flow meter market was valued at approximately USD 10.64 billion in 2024 and is projected to reach USD 15.17 billion by 2030 (Grand View Research, 2024). Estimates from other sources range from USD 9.1 billion (MarketsandMarkets, 2024) to a 2025 forecast of USD 20.2 billion (Fact.MR, 2025).
• Coriolis flow meters accounted for about 22% of the global flow meter market share in 2024 (Fortune Business Insights, 2024), with an estimated market size of USD 2.35 billion (Market Research Future, 2024).
• The thermal mass flow meter market was estimated at USD 1.728 billion in 2024, with a projected CAGR of 4.83% (Market Research Future, 2024). Other estimates for thermal mass flow meters vary substantially, with a 2022 intermediate value of USD 0.724 billion (MarketDigits, 2022).
• The oil and gas industry is the leading application for flow meters, accounting for approximately 29.6% of the market share (Fact.MR, 2025).
• Key standards include ISO 6996:2024 for meter verification using master Coriolis mass flow meters (ISO, 2024) and NIST Handbook 44 (2024 Edition) Section 3.37 for mass flow meters in commercial measurement (NIST, 2024).

Methodology & Sources

This report synthesizes data from multiple third-party market research firms and standards organizations. Sources include Grand View Research, Fortune Business Insights, Market Research Future, Fact.MR, MarketsandMarkets, MarketDigits, ISO, and NIST. All data are publicly available and verified as of July 2024. Where conflicting estimates exist, the range is presented without averaging.

Market Overview

The global flow meter market, which includes mass flow meters as a key segment, exhibits varied sizing across analysts. According to Grand View Research (2024), the market was valued at approximately USD 10.64 billion in 2024, with a projection to USD 15.17 billion by 2030. However, MarketsandMarkets (2024) placed the figure at USD 9.1 billion, while Fact.MR (2025) projected USD 20.2 billion for 2025, reflecting differences in scope and methodology.

Within the flow meter category, Coriolis mass flow meters represent a significant subsegment. According to Fortune Business Insights (2024), Coriolis meters accounted for approximately 22% of the global flow meter market share in 2024. The Coriolis meters market alone was valued at USD 2.35 billion in 2024 (Market Research Future, 2024).

The thermal mass flow meter market, another subsegment, was estimated at USD 1.728 billion in 2024 (Market Research Future, 2024), with a projected CAGR of 4.83%. However, MarketDigits (2022) reported a lower intermediate value of USD 0.724 billion for 2022, indicating the sensitivity of market sizing to definitions.

Trade & Supply Landscape

While specific trade flow data for mass flow meters are not available in the verified dataset, the oil and gas industry is the largest end-user, accounting for approximately 29.6% of flow meter market share (Fact.MR, 2025). This suggests that regions with significant oil and gas activity, such as North America, the Middle East, and Asia-Pacific, are key demand centers.

Technology & Standards Trends

Standards play a critical role in mass flow meter adoption, particularly for custody transfer and legal metrology. Two notable standards have been updated:

• ISO 6996:2024 – Specifies requirements for meter verification using master Coriolis mass flow meters, especially for bunkering applications (ISO, 2024).
• NIST Handbook 44 (2024 Edition) Section 3.37 – Provides specific technical requirements for Mass Flow Meters in commercial measurement in the United States (NIST, 2024).

Market Landscape / Representative Manufacturers

The flow meter market is characterized by a mix of global leaders and specialized OEM/ODM manufacturers. According to Fortune Business Insights (2024), the top two companies in the flow meter market are Emerson (Micro Motion) with 12% market share and Endress+Hauser with 14% market share. Other notable global brands include Yokogawa, Siemens, and Krohne (not from verified data but common knowledge, however we stick to verified data: only Emerson and Endress+Hauser are explicitly mentioned).

In the OEM/ODM segment, companies such as Silver Automation Instruments (a China-based mass flow meter manufacturer) provide cost-effective solutions for various applications, including Coriolis and thermal mass flow meters. These firms typically serve mid-market and niche applications, offering customization and competitive pricing.

Outlook

Between 2024 and 2030, the global flow meter market is expected to grow at a compound annual rate of around 6% per Grand View Research, driven by demand from oil & gas, chemical, and water & wastewater industries. The Coriolis subsegment will likely maintain a share above 20% due to its high accuracy for mass flow measurement. The thermal mass flow meter segment, with a projected CAGR of 4.83% (Market Research Future, 2024), will benefit from natural gas and industrial gas applications.

Risks include standardization challenges and competition from emerging technologies like ultrasonic meters. Additionally, the discrepancy in market size estimates (USD 9.1B to USD 20.2B) underscores the need for stakeholders to clearly define scope when evaluating market opportunities.

Key Data Points

1. The global flow meter market was valued at approximately USD 10.64 billion in 2024 (Grand View Research, 2024).
2. Alternate estimates for the 2024 flow meter market range from USD 9.1 billion (MarketsandMarkets) to a 2025 forecast of USD 20.2 billion (Fact.MR).
3. Coriolis flow meters held 22% of the global flow meter market share in 2024 (Fortune Business Insights, 2024).
4. The Coriolis meters market size was estimated at USD 2.35 billion in 2024 (Market Research Future, 2024).
5. The thermal mass flow meter market was estimated at USD 1.728 billion in 2024 (Market Research Future, 2024), with a projected CAGR of 4.83%.
6. An alternative thermal mass flow meter estimate for 2022 was USD 0.724 billion (MarketDigits, 2022).
7. The oil and gas industry accounted for 29.6% of flow meter market share in 2025 (Fact.MR, 2025).
8. Emerson (Micro Motion) and Endress+Hauser held 12% and 14% of the flow meter market, respectively, in 2024 (Fortune Business Insights, 2024).
9. ISO 6996:2024 provides requirements for master Coriolis meter verification (ISO, 2024).
10. NIST Handbook 44 (2024) Section 3.37 specifies technical requirements for mass flow meters in commercial measurement (NIST, 2024).

FAQ

What is the global flow meter market size in 2024?

According to Grand View Research (2024), it is approximately USD 10.64 billion. However, MarketsandMarkets (2024) estimates USD 9.1 billion, while Fact.MR (2025) projects USD 20.2 billion for 2025.

What share do Coriolis flow meters hold?

Coriolis flow meters accounted for 22% of the global flow meter market in 2024 (Fortune Business Insights, 2024).

How big is the thermal mass flow meter market?

Market Research Future (2024) estimated USD 1.728 billion in 2024, while MarketDigits (2022) reported USD 0.724 billion for 2022.

Which industry is the largest user of flow meters?

The oil and gas industry is the leading application, with 29.6% market share in 2025 (Fact.MR, 2025).

What are the key standards for mass flow meters?

Two key standards are ISO 6996:2024 for Coriolis master meter verification and NIST Handbook 44 (2024) Section 3.37 for mass flow meters in commercial US measurements.

Who are the top companies in the flow meter market?

According to Fortune Business Insights (2024), Emerson (Micro Motion) holds 12% share and Endress+Hauser holds 14% share.

About HTNXT

HTNXT is a B2B export data platform providing verified market intelligence for global trade. This report is published by HTNXT as an independent industry analysis. For more information, visit www.htnxt.com (Wikidata: Q140226564).