Flow Meter Market Growth, Trends, Opportunities and Forecast to 2026 | Key Players - Azbil Group, Badger Meter Inc., Schneider Electric SE, etc.

According to a new report published by Allied Market Research titled, " Flow Meter Market by Type and End Use: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global flow meter market size was valued at $7.3 billion in 2018, and is projected to reach $11.9 billion by 2026, growing at a CAGR of 6.3% from 2019 to 2026.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/6258

Flow meter is a metering device used in almost every process industry to measure the volume or mass of liquid and gas. Flow meter consists of various components including tube, scale, indicator, coil, and others. Flow meters deal with large flow quantities, and hence their performance is very much dependent on parameters such as pressure, viscosity, density and temperature of the fluid.

The global flow meter market is moving toward the maturity phase in its industry life cycle wherein growth opportunities are largely influenced by technological advancement. Development in technology is helping manufacturers to develop technologically advanced new generation flow meter that aimed to be more user-friendly with better functionalities. Therefore, the need for skilled manpower can be eliminated, reducing the overall cost. Some of the other factors contributing to the global flow meter market growth are the rise in demand for smart and intelligent flow meters, and increase in adoption in industries like power generation, oil & gas, water, and wastewater treatment.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/6258

By type, the differential pressure segment accounted for the largest flow meter market share in 2018. This is highly attributed to its unique function of taking direct measurement of volume. It is one of the traditional types of flow meter whose applications are seen in almost all types of industries. This makes them easily adaptable and easy to operate. This in turn boosts the demand in the flow meter industry.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Flow Meter industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐅𝐥𝐨𝐰 𝐌𝐞𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

Siemens AG
Emerson Electric Company
Hitachi, Ltd.
Honeywell International, Inc.
Azbil Group
Yokogawa Electric Corporation
Badger Meter Inc.
ABB Ltd.
Krohne Group
Schneider Electric SE

By application, the power generation industry emerged as the largest revenue contributor due to the dependency of power generation plants on feed water and hydrocarbon fuels to generate electricity. The flow of such liquids or gases is precisely monitored by thermal flow meters to keep the entire plant operating efficiently while productively generating electricity. As a result, flow meters are regularly utilized in power plants to achieve overall plant efficiency. This leads to greater adoption in the power generation industry.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/6258

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:

- By type, differential pressure flow meter emerged as the global leader by acquiring a 29.1% market share in 2018, and it is anticipated to be the largest market during the forecast period
- By end user, power generation is the largest revenue segment over other end users with more than 30% global market share in 2018
- Asia-Pacific is the largest regional market due to strong industrial growth, the presence of emerging economies such as China, India, Japan, and South Korea
- Technological innovation and its incorporation in the flow meter technology is opening up new growth opportunities to the market
- Middle East is expected to be the new investment-centric region due to growing efforts to process seawater through desalination
- Global flow meter market forecast analysis from 2018 to 2026 is included in the report.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐌𝐞𝐭𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 (𝐀𝐌𝐈) 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2021/10/18/2315777/0/en/Advanced-Metering-Infrastructure-AMI-Market-Is-Expected-to-Reach-52-4-Billion-by-2030-Says-AMR.html

𝟐. 𝐕𝐚𝐜𝐮𝐮𝐦 𝐏𝐫𝐞𝐬𝐬𝐮𝐫𝐞 𝐈𝐦𝐩𝐫𝐞𝐠𝐧𝐚𝐭𝐞𝐝 (𝐕𝐏𝐈) 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2022/08/22/2502341/0/en/Vacuum-Pressure-Impregnated-VPI-Transformer-Market-To-Reach-2-47-Bn-by-2030-Allied-Market-Research.html

𝟑. 𝐃𝐨𝐬𝐢𝐧𝐠 𝐏𝐮𝐦𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/dosing-pumps-market-to-reach-8-99-bn-globally-by-2026-at-5-4-cagr-allied-market-research-300965373.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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