Press release
Steam Flow Meter Market is Expected to Witness a Steady Growth by 2025
To view complete report @ http://www.persistencemarketresearch.com/market-research/steam-flow-meter-market.asp
Global steam flow meter market: Dynamics
High demand in refining and petrochemicals industries is one of the major driving factors which are fueling the growth of global steam flow meters market. Significant growth in equipment and machinery industries which are one of the key driving factors of steam flow meter across the globe, owing to its high demand for measuring the steam flow rates used for district heating. Another major driving factor of global steam flow meter market is the significant demand of steam flow meter in food & beverages industry, attributed to its wide use for steam flow rate measurement in the sterilization process. The macroeconomic factor which drives the global steam flow meter market is the emerging economy includes Brazil, China and India and rapidly growing industrialization. High technical advancement in steam flow meters helps to increase work efficiency and reduce the time which is also driving the global steam flow meters market. Replacement of the obsolete flow meters with the new smart steam flow meters is fuelling the demand for steam flow meters. These smart steam meters are more efficient, accurate and reliable in steam flow rate measurement compared to the previous version of steam flow meters which helps to grow the steam flow meter market globally. The key restraining factor which hinders to grow the steam flow meter market is the lack of skilled technician for the steam flow meter. Due to lack of training and knowledge, some technicians do not have proper skills to operate steam flow meters which will reduce the operational efficiency. Moreover, lack of specialized equipment is also hampering the growth of flow meters market. The rapidly growing chemical industry is expected to witness good opportunities for steam flow meter market globally.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/15595
Global steam flow meter market: Regional Outlook
Based on the geographies, global steam flow meter market is segmented into seven regions – Latin America, Eastern Europe, Asia-Pacific excluding Japan, Western Europe, North America, Japan and Middle East & Africa. Among region mentioned above, North America accounts high market share in steam flow meter market across the globe followed by Western Europe. Asia-Pacific is estimated to witness high growth rate in global steam flow meter market, attributed to a high demand of steam flow meter in the chemical industry in this region. The Middle East & Africa region is also predicted to see a high growth rate in steam flow meter market globally due to its significant demand in Oil & Gas industry along with petrochemical industries. It is predicted to see positive growth in Japan of global steam flow meter market due to high usage in the automotive industry in this region.
To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/15595
Few prominent market players of global steam flow meter market as follow:
Siemens AG
ABB Ltd.
Endress+Hauser Management AG
Yokogawa Electric Corporation
Badger Meter, Inc
Azbil Corporation
General Electric Co.
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