Press release
Fuel Measuring Devices Market Global Industry Analysis, size, share and Forecast 2017-2027
Fuel Measuring Devices Market: Dynamics
Drivers
Simple construction and ease of mounting in fuel tank are factors driving growth of the fuel measuring devices market during the forecast period. Furthermore, improved accuracy to show correct results and the fact that same signal processing units can be used commonly for various types of fuel tanks are expected to fuel growth of the fuel measuring devices market in the same time frame. Moreover, low pressure drop and exceptional repeatability are advantages that propel growth of the global fuel measuring devices market, and hence, act as drivers for the same. Reduced weight, easy reparability and replacement of internal parts, and additional display computer features – resettable and cumulative are expected to drive the market.
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Restraints
The need for skilled labour to accurately measure fuel is expected to be a factor hampering the growth in developing countries, where the labour cost is high and labour is mostly unavailable. Furthermore, the effect of pressure drop sometimes produces inaccurate results, which is expected to hinder growth of the global fuel measuring devices market over the forecast period.
Fuel Measuring Devices Market: Segmentation
The global fuel measuring devices market can be segmented on the basis of product type, type of arrangement, and application. On the basis of product type, the global fuel measuring devices market is segmented as electronic fuel measuring devices, ultrasonic fuel measuring devices, and electrostatic fuel measuring devices. On the basis of type of arrangement, the global fuel measuring devices market is segmented as single flow meter system, supply and return flow meter system, and uni-fuel system. On the basis of application, the global fuel measuring device market is segmented as automotive, research centers, industrial tanks, railway tank cars, and liquid storages.
Fuel Measuring Devices Market: Region-Wise Outlook
Growing automotive market in countries, such as India and China make the Asia Pacific excluding Japan market as one of the faster growing markets for fuel measuring devices. North America, followed by Europe is expected to show stagnant growth during the forecast period, due to high demand for electric vehicles to curb emissions. Latin America and Middle East and Africa are anticipated to witness healthy growth in the fuel measuring devices market over the forecast period. Japan, being the hub for electric vehicles is expected to witness a slow growth rate during the forecast period.
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Fuel Measuring Devices Market: Market Participants
Examples of some of the market participants in the global fuel measuring devices market, identified across the value chain are:
Kobold Instruments, Inc.
Cryogenic Process Controls
Doms ApS
Flow Meter Manufacturers
Petrol Instruments S.r.l
Reicon LLC
Endress+Hauser Management AG
Krohne Group
Rosen Group
Flowtech Measuring Instruments Private Limited
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