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Flowmeter Market Report 2023-2032: Share Analysis, Latest Trends, Revenue And Forecast | ABB Ltd., Emerson Electric Co., Em-Tec GmbH, Endress+Hauser Management AG, General Electric Company.
Flowmeter Market
The Business Research Company's Flowmeter Global Market Report 2023 identifies increase in pharmaceutical production as the major driver for the Flowmeter market's growth in the forecast period. A flowmeter is a device that measures a liquid or gas's linear, nonlinear, mass, or volumetric flow rate. For the manufacturing of pharmaceuticals, flowmeters are used to control extremely sensitive conditions such as pressure and temperature.
The global flowmeter market size grew from $8.13 billion in 2022 to $8.93 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The flowmeter market size is expected to grow to $13.13 billion in 2027 at a CAGR of 10.1%.
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Major competitors in the Flowmeter market are ABB Ltd., Emerson Electric Co., Em-Tec GmbH, Endress+Hauser Management AG, General Electric Company.
A key trend in the Flowmeter market includes technological advancements. Technological advancement is a discovery of knowledge that advances technology that may help the usage or production of a device, making it more efficient. For instance, in 2020, ABB, a Switzerland-based industrial equipment company launched the Sensyflow FMT700-P Compact thermal mass flowmeter. It is useful for the automotive industry to optimize the use of hydrogen to power electric drive trains. This flowmeter is ideal for fine-tuning the efficiency of cells that combine hydrogen and air to produce electrical power while emitting only water. It is accurate to 0.8 percent of reading over extensible and adjustable measuring ranges. The P-Compact is used to evaluate the performance of conventional turbochargers and related components, such as intake fans, throttle valves, and air filters, as well as hydrogen fuel cells.
Read More On The Global Flowmeter Market Report Here:
https://www.thebusinessresearchcompany.com/report/flowmeter-global-market-report
The Flowmeter market is segmented -
1. By Type: Differential Pressure Flow Meter, Positive displacement Flow Meter, Ultrasonic Flow Meter, Turbine Flow Meter, Magnetic Flow Meter, Coriolis Flow Meter, Vortex Flow Meter, Others Flow Meter.
2. By Application: Residential, Industrial, Commercial
3. By End User: Water and Wastewater, Oil and gas, Chemicals, Power Generation, Pulp and Paper, Food and Beverage, Other End Users
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Flowmeter market.
The Business Research Company's "Global Flowmeter Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Flowmeter Market Include:
1. Executive Summary
2. Flowmeter market Characteristics
3. Flowmeter market Trends And Strategies
4. Flowmeter Market - Macro Economic Scenario
5. Flowmeter market Size And Growth
……
26. Africa Flowmeter market
27. Flowmeter market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flowmeter market
29. Flowmeter market Future Outlook and Potential Analysis
30. Appendix
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