Electromagnetic Flowmeter Market Size 2021 Industry Recent Developments and Technology, Size, Trends, Growth, and Forecast Research Report 2027 | ABB Ltd, Azbil Corporation, Endress+Hausar AG, Emerson Electric Corporation

The "Electromagnetic Flowmeter Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Electromagnetic Flowmeter Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.

Key players in the global Electromagnetic Flowmeter Market covered: 

ABB Ltd, Azbil Corporation, Endress+Hausar AG, Emerson Electric Corporation, Toshiba Corporation, Honeywell International Inc., KROHNE Messtechnik GmbH?, OMEGA Engineering Inc. (Spectris PLC), Siemens AG?, Yokogawa Electric Corporation?

Recent Development:

- March 2020 - Emerson introduced Micro Motion ProcessViz, which is a standalone, cost-effective software solution for flow meter process data visualization. It provides instant visualization of raw process data that translates into directly actionable information, helping plant operators in the chemical, food, and beverage, and oil and gas industry reduce the time needed to identify a problem in the flow process.?
- March 2020 - Hitachi Capital Corporation, Yokogawa Electric Corporation, and Amnimo Inc., which is a subsidiary of Yokogawa, entered into a comprehensive partnership agreement with the goal of providing new services by adding Industrial IoT to each company's technologies and lease equipment. The alliance is expected to provide high value-added services, such as the measurement of operating status data and offering consultation on the efficient use of equipment.?

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Market Overview:

The electromagnetic flowmeter market was valued at USD 2042.1 million in 2020, and it is expected to reach USD 2743.11 million by 2026, registering a CAGR of 5.1% during the period of 2021-2026.

The growing need for reliable measurement and monitoring of industrial fluids for optimum utilization is driving market growth. With the increased mining activities, the flow measurement in the mining sectors has become increasingly challenging over the recent past. Slurries, chunks of rocks, and gravel result in noisy flow signals and are most abrasive. Corrosive fluids require chemical compatibility of the wetted parts within the flowmeter sensor. Mining companies are gradually using the electromagnetic flowmeter to measure slurry flow with certain liners to reduce abrasion and, a densimeter to send data for the electromagnetic flowmeter, to translate into an online mass flow measurement.

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Key Market Trends

Water and Wastewater Industry to Witness the Highest Growth

- In industrial environments, the electromagnetic flowmeter is primarily used in water management. Decades of ongoing research and development in sensors and signal processing have resulted in sophisticated electromagnetic flowmeters that can be integrated optimally into highly complex applications using measuring, controlling, and regulating technologies.?
- Further, 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.

Key questions answered in this report:

What are the current market trends and dynamics in the circulating Electromagnetic Flowmeter market and valuable opportunities for emerging players?
Estimated forecast and market projections up to 2026
Which segment accounts for the fastest CAGR during the forecast period?
Which is the largest regional market for circulating the Electromagnetic Flowmeter market?
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
The worldwide market value of the circulating Electromagnetic Flowmeter market in 2021 and 2026
Which are the key trends driving the global circulating Electromagnetic Flowmeter market growth?
Who are the leading service providers in the circulating Electromagnetic Flowmeter market worldwide?

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Asia-Pacific to Emerge as the Fastest Growing Market

- The water and wastewater management industry is dominant in many countries of the Asia-Pacific region, and according to WHO, reducing wastewater generation and implementing on-site sewage and wastewater technology are two strategies that can improve wastewater management.
- Singapore's Tuas Desalination Plant (TDP), the first desalination plant that is owned and operated by PUB, Singapore's National Water Agency, has won international recognition in 2019 for its use of ecologically sustainable technologies in the treatment process.
- In February 2019, SUEZ NWS formed a 49/51 joint venture (JV) with Zhuhai Huigang Urban Resources Development Co. Ltd, to invest in, build, and operate a WWTP with a daily capacity of 25,000 tons, to treat the industrial wastewater generated by the industrial companies in the petrochemical park of the Zhuhai Gaolan Port Economic Zone.

Effect of COVID-19:

Electromagnetic Flowmeter Market report investigates the effect of Coronavirus (COVID-19) on the industry. Since December 2019, the COVID-19 infection has spread to practically 180+ nations around the world with the World Health Organization pronouncing it a general wellbeing crisis. The worldwide effects of the Covid infection 2019 (COVID-19) are now beginning to be felt, and will essentially influence the market in 2020

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This release was published on openPR.