Wireless Flow Sensors Market to Observe Strong Development of 22.37% CAGR by 2023 | Global Key Vendors – Panasonic, Siemens AG, Honeywell, ABB, Analog Devices, GE

Marketprognosis.com Publish a New Market Research Report On “Global Wireless Flow Sensors Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Wireless Flow Sensors Market:

The Global Wireless Flow Sensors Market was valued at USD 0.46 Billion in 2017, and is expected to reach a value of USD 1.62 Billion by 2023, projecting a CAGR of 22.37%, during the forecast period (2018 - 2023).

The market is segmented by technology Bluetooth, zigbee, RFID, Wi-Fi, WLAN and Enocean and the applications segment is limited to water and waste water management, power generation, chemical and petrochemical. The regions considered in the scope of the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Wireless sensors are proving to be advantageous over wire line, with wider range of features and compatibility, and faster response and lower power consumption. Growing investments by leading players and demand for wireless technologies from end-user industries are supporting the market. With growing number of companies moving toward wireless, the production costs are also declining, thereby enabling wider consumption in the market. However, lack of awareness and capital in developing markets and strong foothold of wire line sensors in traditional markets, are acting as restraints to the growth of wireless sensors, with many consumers being skeptical over the adoption of new technologies.

With water scarcity becoming one of the major challenges faced by many countries, the investments in this industry are expected to surge over the forecast period. This is expected to influence the demand for wireless flow meters market. Industrial growth in developing nations has also been identified as one of the driving factor for the market. With new industrial establishments and growing investments in emerging nations, the market for flow meter in countries, like China, India, and Israel, etc. is expected to witness high growth during the forecast period.

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The United States is the largest consumer of Wireless flow sensors in North America. Wireless flow sensors occupy a major share in the United States with significant demand from water and wastewater industry. The market in United States region is driven by technology with consumers preferring products offering latest technology with reliable performance. Thus, flow meters are becoming extremely popular among the end-users in this country. With many large companies being established players in the market, United States remains one of the prominent regions for wireless flow sensors market in the globe.

Major Key Players:

1 Texas Instruments Incorporated

2 Panasonic Corporation

3 Siemens AG

4 Honeywell International, Inc.

5 ABB Ltd.

6 Analog Devices, Inc.

7 General Electric

8 Kongsberg Gruppen and More………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Wireless Flow Sensors Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.