Press release
The next 10 years to see a technologically diversified image of the Industrial Flow Meters Market
Industrial flow meters are the integral tool for measuring the flow of liquid, gas, or a mixture of the both in several end-use industries such as, food & beverages, Oil & gas, power plant, chemicals and pharmaceuticals to name some. Some of the key factors requiring the need for industrial flow meters are need for accurate measurements, fluid characteristics, flow range and flow profile among others.
Some of the most common industrial flow meters used includes electromagnetic, differential pressure, coriolis and ultrasonic flow meter. Among the industrial flow meters type, ultrasonic segment is expected to gain traction in the market on the account of higher accuracy, reliability and low maintenance. Manufacturers & processing industries across the globe depends on the precise and reliable measurement for proper controlling. Hence industrial flow meters play a significant role in the process industries for safety and proper monitoring of the systems and to optimize the process output.
The oil & gas industries in the industrial flow meters market is expected to witness robust growth in terms of end use sector owing use of industries flow meters to measure crude oil and custody transfer of petroleum and natural gas.
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Industrial Flow Meters Market: Dynamics
Industrial flow meters are crucial for monitoring and controlling the processes in the manufacturing industries, power plant and oil & gas industries. Henceforth, leading to increase in overall productivity, resource optimization, along with improving the safety. The industrial growth is thus expected to boost the growth of industrial flow meters market over the forecast period. The increasing demand of energy results in the growth of oil and gas industry and power generation segment which in turn is expected to positively impact the growth of industrial flow meters market.
Over the past couple of years the market for industrial flow meters has drastically changed. The manufacturers of mass production have been shifting the production base to the locations with economical available raw materials. The manufacturing sector is witnessing high degree of automation and increased focus on process modernization and operation optimization this in turn is expected to drive the demand for industrial flow meters market.
Higher cost of smarter and level of sophistication associated with certain type of industrial flow meters is expected to be restraining the growth of industrial flow meters market. Moreover, the use of industrial flow meters is highly technical endeavour which requires skilled personal with the knowledge of various flow measurement technologies.
Industrial Flow Meters Market: Segmentation
basis of flow meter type
Electromagnetic Flow Meters
Coriolis Flow Meters
Differential-Pressure Flow Meters
Ultrasonic Flow Meters
Doppler-shift meter
Transit-time meter
Positive Displacement Industrial Flow Meters
Turbine Flow Meters
Vortex Industrial Flow Meters
basis of Fluid type
Water
Oil
Air/gas
Steam
Other Liquids
basis of End Use
Oil and Gas industry
Food & Beverages Industry
Power Plants
Chemicals
Pharmaceuticals
Steel Industry
Water & Wastewater
Pulp & Paper
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Industrial Flow Meters Market: Regional Outlook
The Global Industrial Flow meters Market is dominated by Asia Pacific region and the region is expected to witness further growth lead by rapid industrial and economic growth. Significant investment in the development of power & energy infrastructure, coupled with blooming chemical industry across India, China and ASEAN countries is expected to have significant contribution towards the growth of industrial flow meters market across Asia Pacific.
North America and Western Europe industrial flow meters market are expected to witness health growth over the forecast period driven by positive outlook. Industrial Flow meters market in Middle East and Africa is expected to grow with significant growth rate due to boom in oil and gas industry in the upcoming year.
Industrial Flow Meters Market: Key Players
Examples of some of the market participants identified across the value chain of the global Industrial Flow meters Market includes:
ABB Group
Emerson Electric Co.
Siemens AG
KROHNE Group
Honeywell International Inc.
FTI Flow Technology
Badger Meter, Inc.
Smart Measurement
Yokogawa Corporation
The research report presents a comprehensive assessment of the industrial flow meters market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The industrial flow meters market report also contains projections using a suitable set of assumptions and methodologies. The industrial flow meters market research report provides analysis and information according to industrial flow meters market segments such as geographies, application, and industry.
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