Magnetic Flow Meter Market Business Outlook, Growth Strategies and Forecast, 2020–2027 | Key Segments, Benefits and Opportunities

Magnetic flow measurement is vital to many different industries such as water and wastewater treatment. Electromagnetic flow meter, commonly known as magmeters, is one of the flow meters indispensably used to determine how much fluid is passing through to determine production as well as other factors. Importantly, electromagnetic flow meters work on Faraday’s law of Induction and consume electrodes to measure process flow.

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They are versatile, accurate, and efficient flow measuring equipment. In addition, they don’t have any effect remain unaffected by viscosity, temperature, and pressure of the fluid (liquid) flowing inside the pipe or tube. They are at the forefront of miniaturization of both electronics and sensors. The need to achieve improved performance and high geometrical stability with electromagnetic flow meter diagnostics results in this change in the size of flow meters.

With increase in adoption of compact electronic circuits in various industrial applications, the emerging trend of miniaturization is expected to have a significant influence on the driving factors of the electromagnetic flow meter market in the coming years.

COVID-19 scenario analysis:

COVID-19 pandemic has shut-down the production of various products in the magnetic flow meter market, owing to the prolonged lockdown in major countries. This has hampered the growth of the magnetic flow meter market significantly from the last few months, and is likely to continue during 2020.

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COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth during the year.

The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which are badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.

Key Segments

By Type

Differential Pressure
Positive Displacement
Ultrasonic
Turbine
Magnetic
Coriolis
Vortex
Others

By End-User

Water & Wastewater
Oil & Gas
Chemicals
Power Generation
Pulp & Paper
Food & Beverages
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

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Key Players

ABB Ltd., Badger Meter, Inc., Emerson Electric Co., Endress+Hauser AG, General Electric Co., Honeywell International Inc., KROHNE Messtechnik GmbH, McCrometer, Inc., Omega Engineering Inc., Siemens AG, Toshiba Corporation, and Yokogawa Electric Corp.

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