Totalizing Fluid Meter Market in the United States
Market Overview
In 
, the U.S. totalizing fluid meter market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2016 to , the growth of the market remained at a lower figure.
In value terms, totalizing fluid meter production amounted to $ in . Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in when the production volume increased by %. Totalizing fluid meter production peaked in and is expected to retain growth in the immediate term.
, the U.S. totalizing fluid meter market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2016 to , the growth of the market remained at a lower figure.In value terms, totalizing fluid meter production amounted to $
in . Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in when the production volume increased by %. Totalizing fluid meter production peaked in and is expected to retain growth in the immediate term.Consumption
In , consumption of totalizing fluid meters and counting devices was finally on the rise to reach tonnes for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a noticeable decrease. As a result, consumption reached the peak volume of tonnes. From 2016 to , the growth of the consumption remained at a somewhat lower figure.
The value of the totalizing fluid meter market in the United States totaled $ in , growing by % 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). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2016 to , the growth of the market remained at a somewhat lower figure.
, consumption of totalizing fluid meters and counting devices was finally on the rise to reach tonnes for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a noticeable decrease. As a result, consumption reached the peak volume of tonnes. From 2016 to , the growth of the consumption remained at a somewhat lower figure.The value of the totalizing fluid meter market in the United States totaled $
in , growing by % 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). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2016 to , the growth of the market remained at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for totalizing fluid meter in the United States, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tonnes by the end of .
% for the period from to , which is projected to depress the market volume to tonnes by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
The United States remains a net importer of totalizing fluid meter; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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