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Thermal Flow Meter Market Size & Share - Industry Trend and Forecast 2016 - 2024
The main objective of this report is to define, describe, and forecast the global “Thermal Flow Meter” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Thermal Flow Meter Market: Overview
Thermal flow meters are comprised of family of instruments for the measurement of flow of gas through closed conduits and channels. Thermal flow meter introduces heat into the flow stream and measures the dissipation using one or more than one temperature sensors. This method is best suitable for measurement of gas flow considering the variability of heat absorption rate of liquids. There are two key techniques to measure the amount of heat dissipated; however, thermal flow meters uses heat to measure the flow stream. The thermal flow meter primarily finds application in oil and gas, water and waste water treatment and chemical industries among others.
Thermal Flow Meter Market: Growth Enablers
The major factor driving the growth of thermal flow meter market is due to the increasing demand for continuous emissions monitoring systems (CEMS). Continuous emission monitoring systems is used to continuously record, collect and report the required data related to emission of gasses. Increased government regulations and policies to check environment pollution is driving the demand for continuous emission monitoring systems. This is further leading to the growth of the thermal flow meter market during the forecast period. Moreover, demand for technologically advanced thermal flow meters by end user industries is paving new opportunities for various players in the market.
Need for effective product differentiation is considered as the major challenge faced by various players in the market. This is also considered as a major factor restraining the growth of the market during the forecast period. However the overall thermal flow meter is expected to grow during the forecast period owing to the increased expenditure on oil & gas, chemical and other industries.
Thermal Flow Meter Market: Segmentation
The market is segmented on the basis of end users by: oil & gas industries, water and waste treatment, food and beverages industry, chemical and petrochemical industries, pulp and paper industries and others. Increasing application of thermal flow meters from various industries is further driving the overall growth of the market. The market can be further segmented on the basis of type into: insertion thermal flow meter, portable thermal flow meters, portable thermal flow meters and Inline thermal flow meters. The sensors used in thermal flow meters includes temperature sensors and flow sensors.
The market is segmented on the basis of geography into four broad segments: North America, Asia pacific, Europe and Rest of the World (ROW). Presently, Asia Pacific is a major contributor to the thermal flow meter market in terms of revenue and is expected to see robust growth during the forecast period. The growth in this region is attributed to the increasing number of industries in the region. Furthermore, increasing expenditure on infrastructure in this region is driving the market growth.
Thermal Flow Meter Market: Key Players
The key players in this market are: ABB Ltd., Emerson Electric Co., GE Electric Co., Bronkhorst High-Tech B.V, Eldridge Products, Inc., Sage Metering Inc., Sierra Instruments Inc., Kurz Instruments Inc., Thermal Instrument Company, Fluid Components International LLC, Fox Thermal Instruments, Inc., Aalborg Instruments & Controls, Inc., Brooks Instruments, LLC, TSI Incorporated, and Vogtlin Instruments AG.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
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The study is a source of reliable data on:
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological break throughs
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
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