Global Flow Meters Market: Key Highlights
Global Flow Meters Market: Key Market Dynamics
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Global Flow Meters Market: Regional Overview
Asia-Pacific is expected to continue the fastest growing region owing to the emerging economies such as India and China investing in various end use industries. Additionally, infrastructure activities, industrialization and urbanization also significantly contribute to the growth of flow meter market. For instance, Singapore has developed a new technique of recycling wastewater under the ABC Waters.
Europe is expected to contribute in growth of flow meter market owing to the higher adoption of flow meters in the power generation segment. Additionally, Europe is home of numerous manufacturers and providers of flow rate measurement products and solutions, such as Endress+Hausar AG, Diehl Metering Germany, KROHNE Messtechnik, and ABB.
Global Flow Meters Market: Key Players Overview
Siemens is one of the largest manufactures of flow meters with presence of more than 190 countries across the globe. In 2018, the company reported revenue of USD 93.73 billion. In September 2019, the company introduced SITRANS FS230 clamp-on ultrasonic flow meter which will now be equipped to handle both standard and hazardous application challenges.
Emerson Electric Co. operates through two core business platforms namely: automotive solutions, and commercial & residential. In November 2019, the company has launched IIoT-enabled Connected Services to support multiphase flow meters in unconventional shale. This will help cloud based technologies to remotely monitor flow meter performance.
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