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Flow Sensor Market 2020: Industry Report & Growth Forecast to 2025

01-14-2020 08:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Flow Sensor Market

Flow Sensor Market

Based on technology, the flow sensor market can be classified into two general categories, differential and linear sensors. The former can be further classified into analog and digital differential pressure sensors. These sensors are mostly used in the medical sector and their cost-effectiveness & compact design makes them ideal for demanding but price-sensitive solutions. Some of the majorly used flow meters, such as ultrasonic flow meters, are usually used for measuring the velocity of fluids with the help of ultrasound. Its area of application includes liquid level control, robotic sensing, automotive assembly, etc. Whereas, turbine flow meters are widely used in the automobile industry for applications such as monitoring fuel consumption, flow rate, and velocity.

The healthcare industry is one of the major drivers propelling the flow sensor market due to the need for medical advancements. Sensors are widely used in medical devices to make them more effective and safer while making their operations more simplified. They are used in devices such as respiratory, oxygen supply system, endoscopy, spirometers, insufflators, asthmatics devices, and ventilators. To cope with the increasing health issues and medical conditions, new equipment with advanced technologies, which have high performance, longer productivity, and increased safety are in great demand. The demand for such advanced devices in this industry anticipates a high demand for the flow sensor market.

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Automotive is also expected to be one of the major drivers of the flow sensor market due to its reliability on flow technology for critical flow measurement. Different types of sensors are used by the manufacturers due to various offerings such as efficiency, high accuracy, and reliability. Cooling tower plays a significant role in vehicle engines and industrial plants. For instance, ultrasonic flow sensors are used to map the flow of cooling water, whereas magnetic flow meters help in keeping the vehicle engine at a low temperature.

The integration of software with sensor devices has improved the functionalities, initiating more demand in the flow sensor market for increased precise measurement and efficiency calculation. Its simplified design and user interface make these devices very convenient to use. Another driver propelling the market growth is that these flow meters offer essential precision in terms of ideal & economical quantity during flow measurement.

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The North America region is expected to dominate the flow sensor market owing to the presence of numerous vendors for various markets such as automotive, healthcare, and industrial components. Whereas, the Asia Pacific region is expected to witness a high demand in the coming future owing to extensive use of sensing technology in industries such as automotive. Furthermore, rising investments in medical due to increasing urbanization and rapid industrial growth will provide viable growth opportunities in the region.

The industry participants in the flow sensor market are Honeywell, Elster Group, General Electric, Itron, and Siemens. As flow sensor devices are witnessing new advancements in the field of technology and innovations, heavy investments are being made in the field of research & development by these prominent players to introduce new varying devices to serve several industrial applications. For instance, Itron acquired C&N Gasgate Technology to improvise a smart gas distribution system.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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