Press release
Rapid Industrialization Will Continue To Drive The Demand For Fluid And Flow Management Devices Market
Title: Global Gas and Liquid Flow Management Systems Intercom System Industry Current and Future OutlookThe global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
However, with the relaxations in the government regulations and an expedited vaccination drive in countries like China, the U.S., the UK, and India, the Gas and Liquid Flow Management Systems Intercom System industry is slowly picking up its pace. The manufacturers are preparing to reopen their production sites, abiding by the government regulations.
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Energy Consumption in the US is Leading to High Adoption of Gas and Liquid Flow Management Systems Intercom System Systems
The US accounts for the largest share in the construction industry. The pandemic has halted many construction-related activities, which in turn has impacted the growth of the Gas and Liquid Flow Management Systems Intercom System industry negatively.
However, the development in the Gas and Liquid Flow Management Systems Intercom System industry is rising at a steady pace with the resumption of the construction industry. The ever-growing energy consumption in the country is also generating demand for more energy-efficient Gas and Liquid Flow Management Systems Intercom System systems in the region.
Prominent players in the Gas and Liquid Flow Management Systems Intercom System industry such as Honeywell Int., and new entrants such as Apple and Google NEST are also focusing on residential construction projects to bring more innovation and comfort to the residents. Such new strategies are helping the Gas and Liquid Flow Management Systems Intercom System industry gradually recover from the blow of the pandemic.
Gas and Liquid Flow Management System Market: Segmentation
The global gas and liquid flow management system market can be segmented on the basis of product type, end-use, and regions.
On the basis of product type, the global gas and liquid flow management system market can be segmented as mentioned below:
Flow meter
Turbine flow meter
Ultrasonic flow meter
Pumps
Centrifugal pumps
Positive displacement pumps
Control valve
Linear valve
Rotary valve
Calibration systems
Gas metering systems
Liquid metering systems
On the basis of end-use, global gas and liquid flow management system market can be segmented as mentioned below:
Oil and gas industry
Heavy goods (Metal & mining)
Chemical processing
Others
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Prominent Players in Europe are Focusing on Innovative Solutions
The Gas and Liquid Flow Management Systems Intercom System industry in Europe suffered a tremendous fall during the pandemic, with a lack of resources and manpower required for production. Several manufacturing units were shut to contain the virus.
The prevalence of some of the global leaders in the region such as Johnson Controls and ABB Group has provided a noteworthy boost to the market growth in this region.
The high presence of service providers, government regulations to curb electricity consumption and awareness regarding the installation of building automation systems has laid out lucrative opportunities for market growth.
Technological Advancements are Leading Innovations in the Industry Gas and Liquid Flow Management Systems Intercom System Market in China
China is gradually recovering from the adverse effect of the pandemic due to its successful efforts in curbing the spread of the virus within the region. With almost negligible restrictions, the construction, heavy machinery, and automotive industry have started resuming operations.
Rising expenditure in technology and increasing emphasis on environmental safety are propelling the demand in the Gas and Liquid Flow Management Systems Intercom System industry in China. The growing interest in billboard Gas and Liquid Flow Management Systems Intercom System and industrial displays in allowing manufacturers to gradually attain their pre-pandemic status.
Gas and Liquid Flow Management System Market: Key Players
Some of the key players identified across the value chain of global gas and flow management system market are mentioned below:
Fluid metering, Inc.
ProMinent
Dover Corporation
Ingersoll-Rand (India) Ltd
MKS Instruments
Bronkhorst High-Tech B.V.
JSG Industrial Systems Pty Ltd.
WIKA Instruments Ltd.
Zycus Inc.
Univent Systems Limited
India is Experiencing High Adoption of Gas and Liquid Flow Management Systems Intercom System Systems
The Indian Gas and Liquid Flow Management Systems Intercom System industry witnessed a downfall due to the pandemic. In order to follow the safety guideline, many construction sites and manufacturing units were shut until further notice.
With the relaxation of these restrictions, the manufactures operating in the automation, engineering, and construction (AEC) industry managed to gather pace in recovery. However, the second wave of the pandemic hit the Gas and Liquid Flow Management Systems Intercom System industry negatively, affecting the overall growth of the industry.
Being a fast-growing economy, global leaders are finding lucrative opportunities in the country, both in commercial and residential spaces, as the demand for multi-modal building automation is surging.
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Key Long-Term Trends
The global Gas and Liquid Flow Management Systems Intercom System industry is showing notable recovery in 2021 and will continue to offer opportunities for expansion to the players operating in the market. With the penetration of building automation in residential areas, the Gas and Liquid Flow Management Systems Intercom System industry will show an upward trend. Some new trends that are boosting the growth in the market are:
Internet of Things (IoT)
The Internet of Things (IoT) and the Industrial Internet of Things (IIoT) are experiencing broader acceptance in the Gas and Liquid Flow Management Systems Intercom System industry. The innovative technology which makes everything 'inter-connected is gaining immense popularity in both residential and commercial projects, making them technologically advanced and effective in risk management.
Edge Computing
As the number of residents increases, the data also becomes vaster. Hence, edge computing will act as a key technology in the Gas and Liquid Flow Management Systems Intercom System industry. Edge computing enables data security, easy accessibility, and enhanced automation in commercial and residential buildings.
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