Press release
Electromagnetic Flowmeter Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2026
The Electromagnetic Flowmeter Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Electromagnetic Flowmeter market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Electromagnetic Flowmeter market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Electromagnetic Flowmeter market.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.
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Top Leading Companies of Electromagnetic Flowmeter Market are - 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 and others.
Industry News and Updates:
- 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 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.
Key Market Trends:
Water and Wastewater Industry to Witness the Highest Growth
- In industrial environments, 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 aging water infrastructure. The EPA has issued seven WIFIA loans to help finance over USD 4 billion in water infrastructure projects.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Electromagnetic Flowmeter Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Electromagnetic Flowmeter Market (%),2016 - 2026
- Electromagnetic Flowmeter Market Share, By Brand
- Electromagnetic Flowmeter Market Share, By Company
- Electromagnetic Flowmeter Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Electromagnetic Flowmeter Market Value Analysis & Forecast
- Promising Electromagnetic Flowmeter Development by Major Companies
- Detailed Electromagnetic Flowmeter Portfolio of the Major Companies
- Major Deals in the Electromagnetic Flowmeter Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
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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.
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