Electromagnetic Flowmeter Market Business Outlook and Scenario - ABB Ltd, Omega Engineering Inc., Honeywell International Inc.

Electromagnetic Flowmeter - A Market Overview and Forecast 2020 - 2025, This report presents a profound evaluation of basic elements of Electromagnetic Flowmeter industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.

The Electromagnetic Flowmeter market was valued at USD 2.02 billion in 2019 and is expected to reach USD 2.74 billion by 2025, at a CAGR of 5.3% over the forecast period 2020-2025.

Click the link for a Free Sample copy of the Report at:

https://www.marketinsightsreports.com/reports/01091745244/electromagnetic-flowmeter-market-growth-trends-and-forecast-2020-2025/inquiry?source=openpr&Mode=20

The Electromagnetic Flowmeter Market is competitive owing to the presence of various international and domestic manufacturers. The market appears to be fragmented with the vendors competing in terms of price, capacity, volume, product quality, and technological innovation in the market. Some of the major players in the market are ABB Ltd, Omega Engineering Inc., Honeywell International Inc., and Emerson Electric Corporation, along with other emerging players.

The growing need for the reliable measurement and monitoring of industrial fluids for optimum utilization is driving the market growth. The irrigation industry is undergoing an expansion in the use of magnetic meters, for measuring the flow rates and volume in irrigation pipelines.

- Moreover, there is a vast amount of water being consumed by humans, which results in wastewater. Commercial sites and manufacturing industries also rely on water for day-to-day operations. Thus, many wastewater facilities are being developed that handle the job of producing a safe supply of high-quality water. The use of electromagnetic flowmeters can have a favourable impact on pump performance, an important concern for water and wastewater plants, seeking to improve overall efficiency.
- By helping to match pump speed to the flow rate, the meters can help operators save energy through a more effective control of the speed of the pump motor.
- Further, there have been technological and management advancements in irrigation. Effective irrigation water management begins with accurate water measurement. Flowmeters are critical for managing irrigation efficiently and for monitoring system performance. They provide the information necessary to apply the correct amount of water.
- Electromagnetic flowmeters are unable to work with distilled water, hydrocarbons, and many other aqueous solutions. This limits their scope in industries utilizing these liquids.

Scope of the Report

Electromagnetic flowmeters are devices employed to measure the flow of conductive fluids inside a pipe. These meters work on Faraday's law of electromagnetic induction, and are hence called electromagnetic flowmeters, or magnetic meters. They are produced in variants like in-line magnetic flowmeters, low flow magnetic flowmeters, and insertion magnetic flowmeters, to be used by industries like water and wastewater, chemicals and petrochemicals, power generation, food and beverages, and pharmaceuticals.

Ask For Discount:

https://www.marketinsightsreports.com/reports/01091745244/electromagnetic-flowmeter-market-growth-trends-and-forecast-2020-2025/discount?source=openpr&Mode=20

Competitive Insights

March 2019 - KROHNE released electromagnetic flowmeters WATERFLUX 3300, WATERFLUX 3070, and OPTIFLUX 4300. Together, with ultrasonic flowmeter OPTISONIC 3400 District Heating, they form KROHNE's flowmeter portfolio, to be used as part of a heat metering system.
June 2018 - Emerson launched the latest version of its Smart Meter Verification software for Coriolis and magnetic flowmeters, providing flowmeter verification on demand and encouraging process engineers, technicians, and operators to look beyond the meter and make real-time decisions.

Water and Wastewater Industry to Witness the Highest Growth

- The US Environmental Protection Agency (EPA) has accelerated investment in the nation's ageing water infrastructure. The EPA has issued seven WIFIA loans to help finance over USD 4 billion, in water infrastructure projects.
- According to UN-WATER, due to population growth, accelerated urbanization, and economic development, the quantity of wastewater generated and its overall pollution load are increasing globally. The availability of safe and sufficient water supplies is inextricably linked to how wastewater is managed.
- Electromagnetic flowmeters are used to measure treated and untreated sewage, processed water, water, and chemicals. Their power usage is relatively low, with electrical power requirements as low as 15 watts for some models. Therefore, with increasing investments in water infrastructure, electromagnetic flowmeters are also expected to witness a rise in adoption.

Furthermore, this study will help to solve the following issues:

Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes- Strong substitute of a product or service?is that the?most prominent threat. Report includes key cannibalizes of a market, by procuring?marketing research. This helps in aligning new product development/launch strategies?before.
Spotting emerging trends- Report helps?to identify?upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by?a specific?emerging trend.
Interrelated opportunities-This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.

Customization of the Report:

The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

CONTACT US:

Irfan Tamboli (Head of Sales) - Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com | irfan@marketinsightsreports.com

ABOUT US:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.