The global screw flowmeter market was valued at USD 591 million in 2024 and is projected to reach USD 817.69 million by 2034, registering a CAGR of 3.3%. The growth is fueled by rising demand for accurate flow measurement solutions across industries such as oil & gas, chemical processing, and water treatment, along with ongoing technological advancements enhancing measurement precision and reliability.
Screw Flowmeter Market Highlights
- Asia Pacific dominated the global market in 2024.
- North America is anticipated to grow at the fastest rate in the market during the forecast period.
- By type, the twin screw segment held a dominant presence in the market in 2024.
- By type, the single screw segment is expected to grow at the fastest rate in the market during the forecast period of 2025 to 2034.
- By application, the petroleum segment accounted for a considerable share of the market in 2024.
- By application, the new energy segment is projected to experience the highest growth rate in the market between 2025 and 2034.
Screw Flowmeter Market Statical Scope
| Reports Attributes |
Statistics |
| Market Size in 2024 |
USD 591 Million |
| Market Size in 2025 |
USD 610.5 Million |
| Market Size in 2031 |
USD 741.8 Million |
| Market Size by 2034 |
USD 817.69 Million |
| CAGR 2025 to 2034 |
3.3% |
| Base Year |
2024 |
| Forecast Period |
2025 to 2034 |
The screw flowmeter market has gained significant popularity in recent years due to its accurate and stable results in the food, chemical, and oil and gas industries. Furthermore, the main factor driving growth is industrial automation, where screw flowmeters assist in automated process control, real-time monitoring, and predictive maintenance. The higher installation and maintenance costs may play a restraining role, as they may attract the attention of businesses towards alternative technologies.
The rising energy requirements are expected to attract more investments in oil and gas exploration from countries like India, Saudi Arabia, and China. For instance, in fiscal year 2023-24, India produced 29.4 Mn metric tons (MMT) of crude oil and 36.4 bn cubic meters (BCM) of natural gas, a major initiative to meet energy requirements and reduce import reliance.
