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Flow Meter Market 2021 Biggest Challenges and Opportunity in Wastewater Sector by with Leading Key Players by 2027

05-03-2021 07:11 AM CET | Energy & Environment

Press release from: Allied Market Research

Flow Meter Market

Flow Meter Market

Leading market players analyzed in the flow meter market research include Honeywell International Inc., Siemens AG, Emerson Electric Company, ABB Ltd, Schneider Electric SE, Yokogawa Electric Corporation, Azbil Corporation, Badger Meter Inc., Hitachi, Ltd., and KROHNE Messtechnik GmbH.

Asia-Pacific contributed the highest share, accounting for nearly two-fifths of the total flow meter market share in 2018, and will maintain its dominance throughout the forecast period. However, Europe is expected to grow at the highest CAGR of 6.6% from 2019 to 2026.

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Rise in demand and adoption in industrial measuring application and technological advancements drive the growth of the global flow meter market. However, high cost and lack skilled labor hinder the market growth. On the other hand, trend of process automation in production and process industries create new opportunities in the coming years.

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.

Based on end user, the power generation segment accounted for the largest share in 2018, holding nearly one-third of the total share, and is expected to maintain the largest share throughout the forecast period. However, the oil and gas segment is estimated to portray the highest CAGR of 6.9% during the forecast period.

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Key Findings of the Study:

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

By end user, power generation is the largest revenue segment over other end users with more than 30% global market share in 2018

Asia-Pacific is the largest regional market due to strong industrial growth, presence of emerging economic such as China, India, Japan, and South Korea

Technological innovation and its incorporation in the flow meter technology is opening up new growth opportunities to the market

Middle East is expected to be the new investment centric region due to growing efforts to process seawater through desalination

Global flow meter market forecast analysis from 2018 to 2026 is included in the report.

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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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