HS Code:
The category of flow meters, heat meters incorporating liquid supply meters, and anemometers (HS Code: 9026.80) includes instruments and apparatus for measuring or checking the flow, level, pressure, or other variables of liquids or gases. These devices are critical in various industries such as water management, energy, manufacturing, and environmental monitoring. Flow meters measure the volume or mass of a liquid or gas passing through a system, heat meters are used in heating and cooling systems to measure energy usage, and anemometers measure wind speed and are vital in meteorology and renewable energy sectors like wind power. This category is essential for ensuring efficiency, safety, and compliance with environmental standards in industrial processes.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 620 million
19.4% of total trade of total trade
Increasing
USD 580 million
18.1% of total trade of total trade
Stable
USD 450 million
14.1% of total trade of total trade
Increasing
USD 320 million
10.0% of total trade of total trade
Stable
USD 210 million
6.6% of total trade of total trade
Increasing
Average Rate
4.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Growing demand for smart flow meters with IoT integration
Increased adoption in smart city projects and industrial automation, driving market growth by approximately 8% annually
2021-2023
Rising focus on renewable energy
Higher demand for anemometers in wind energy projects, contributing to a 10% increase in trade volume for related products
2020-2022
Stricter environmental regulations
Increased need for precise heat and flow meters to monitor emissions and energy usage, boosting market innovation
2019-2023
The European Union's Green Deal has introduced stricter energy efficiency standards, mandating the use of advanced heat meters in district heating systems.
January 2023
Expected to increase demand for compliant heat meters by 15% in the EU market over the next five years.
A recent phase of the US-China trade agreement reduced tariffs on industrial measurement devices, including flow meters, from 7.5% to 4%.
March 2022
Boosted export of Chinese flow meters to the US, increasing trade volume by USD 50 million in 2022.
Major manufacturers in Germany and Japan have launched next-generation ultrasonic flow meters with higher accuracy and lower maintenance needs.
September 2022
Likely to shift market preference towards ultrasonic technology, affecting traditional mechanical meter sales.