Press release
Flow Meters Market: Competitive Dynamics & Global Outlook 2023
A flow meter is an instrument used to measure linear, nonlinear, mass or volumetric flow rate of a liquid or a gas. When choosing flow meters, one should consider such intangible factors as familiarity of plant personnel, their experience with calibration and maintenance, spare parts availability, and mean time between failure history, etc., at the particular plant site.
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Global Flow Meters Market: Forecast by Type / Application / Region
Nowadays, there are many types of Flow Meters, including Electromagnetic flowmeter, Vortex flowmeter, Liquid turbine flowmeter, Ultrasonic flowmeter, Cone flowmeter, Orifice flowmeter, Metal rotameter, etc. And Coriolis Mass Flowmeters is the main type for Flow Meters, and the Coriolis Mass Flowmeters reached a sales revenue of approximately 1577.46 M USD in 2016, with 33.16% of global sales revenue.
North America has the largest global export quantity and manufacturers in Flow Meters market, while the Europe is the second sales volume market for Flow Meters in 2016. In the industry, Endress+Hauser profits most in 2016 and recent years, while Emerson and Yokogawa ranked 2 and 3.The market share of them is 14.72%, 12.33% and 10.27% in 2016.The gap of market share is keep on enlarged due to different strategy.
Flow Meters technology is very mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.
Over the next five years, LPI(LP Information) projects that Flow Meters will register a 4.1% CAGR in terms of revenue, reach US$ 6070 million by 2023, from US$ 4960 million in 2017.
Global Flow Meters Market: Key Players
Endress+Hauser Management AG
Emerson Electric
ABB Ltd.
Yokogawa Electric
Krohne Messtechnik GmbH
Honeywell International
Siemens AG
Schneider Electric
Azbil Corporation
Badger Meter
Chongqing Chunayi Automation
Kent Instrument
WELL TECH
Yihuan
Ripeness Sanyuan
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Related Information:
United States Flow Meters Market Research Report 2018
Europe Flow Meters Market Research Report 2018
North America Flow Meters Market Research Report 2018
Asia-Pacific Flow Meters Market Research Report 2018
China Flow Meters Market Research Report 2018
EMEA Flow Meters Market Research Report 2018
Global Flow Meters Market Research Report 2018
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