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Thermal Energy Flow Metering Solutions Market Technological Progress Drives Maximum Growth in Asia Pacific Market
They are designing thermal flow meters that provide exceptional accuracy and repeatability over a wide range of flow rates and can even gauge flow in large pipes. This, coupled with numerous manufacturers in the space, makes the market for thermal energy flow metering solutions highly competitive.
Further, entry of new players is also predicted to heat up competition in the global thermal energy flow metering solutions market in the near future.
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Some of the prominent participants in the global thermal energy flow metering solutions market are QMC, ABB Ltd, Elster Water, Siemens, Enercare Connections Inc., Fluid Components LLC, Emerson Electric Co., Kamstrup Group, Sage Metering, Landis+Gyr AG, Shenitech LLC, GE Electric Co., Sierra Instruments Inc., Yokogawa Electric, and Corporation.
According to a report by Transparency Market Research, the global thermal energy flow metering solutions market will likely register a CAGR of 5.9% from 2017 to 2025 to become worth US$4.706 bn by 2025.
Technological Progress Drives Maximum Growth in Asia Pacific Market
The global market for thermal energy flow metering solutions can be segmented based on different parameters.
Depending upon type, the global thermal energy flow metering solutions market can be segmented into portable, insertion, and inline. Among them, the portable segment is expected to expand at a healthy clip in the next couple of years.
Depending upon geography, the key segments of the global thermal energy flow metering solutions market are North America, South America, Asia Pacific, Europe, and the Middle East and Africa.
Of them, Asia Pacific is slated to clock maximum growth on the back of technological progress and the rising demand for continuous emissions monitoring systems in countries such as Japan, China, and India.
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Another factor stoking growth in the Asia Pacific market is the industrial sector’s growing demand for better measurement solutions for estimating the total mass flow rate of a fluid.
Onsite Power Generation Initiatives by Nations Drives Market
There are a number of growth drivers in the global thermal energy flow metering solutions market.
Thrust by many nations on onsite power generation and solar thermal energy, in order to bring down their annual fossil fuel import and up energy security, have served to stoke demand in the market.
In addition, with the concept of sustainable buildings and green building gaining traction, the market growth is getting boosted further. The swift pace of urbanization, worldwide, too is catalyzing growth in the market by driving up demand for proper water supply and the need to monitor it.
On the flipside, however, rising adoption of hybrid metering systems is expected to crimp sales of thermal energy flow meters in the next couple of years.
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About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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