Flow Meter Market Will Generate New Growth Opportunities by 2026: Honeywell International Inc., Siemens AG, Schneider Electric , ABB

According to a new report published by Allied Market Research titled, " Flow Meter Market by Type and End Use: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global flow meter market size was valued at $7.3 billion in 2018, and is projected to reach $11.9 billion by 2026, growing at a CAGR of 6.3% from 2019 to 2026.

The ultrasonic segment to manifest fastest CAGR through 2026

The ultrasonic segment is expected to register the fastest CAGR of 6.9% during the forecast period, owing to increased reliability, reduced pressure drop, and relatively higher accuracy. However, the differential pressure segment held the largest share in 2018, contributing to more than one-fourth of the global flow meter market. The expertise of differential gas flow meter in volumetric flow metering makes it stand out over other types, which boosts the growth of the segment.

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Asia-Pacific held the largest share, followed by Europe and North America

The global flow meter market across Asia-Pacific held the largest share in 2018, contributing to nearly two-fifths of the market, owing to high manufacturing base of industries including food & beverages, chemical, textile, refining, and water & wastewater treatment. However, the market across Europe is expected to reach Europe is expected to portray the fastest CAGR of 6.6% during the forecast period, owing to sustainable measures adopted by European Union over the past few years.

Key Findings of the Study:
o By type, differential pressure flow meter emerged as the global leader by acquiring 29.1% market share in 2018, and it is anticipated to be the largest market during the forecast period
o By end user, power generation is the largest revenue segment over other end users with more than 30% global market share in 2018
o Asia-Pacific is the largest regional market due to strong industrial growth, presence of emerging economic such as China, India, Japan, and South Korea

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Major market players
o Honeywell International Inc.
o Emerson Electric Company
o Siemens AG
o Schneider Electric SE
o ABB Ltd
o Azbil Corporation
o Yokogawa Electric Corporation
o Hitachi, Ltd.
o Badger Meter Inc.
o KROHNE Messtechnik GmbH

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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