FLOW METERS MARKET TO REACH USD 8.4 BILLION BY 2024 | CAGR 6.2% – FORENCIS RESEARCH

Flow Meters Market Size, Share, Trends, Growth, Analysis, Research

Global Flow Meters Market: Key Highlights

  • According to the new market research report Flow Meters Market by Structure (Parking Lots, Foundations, Bridges, Walls, Culverts, Staircase, Floors and Paving Slabs, Others), by End User (Residential Buildings, Commercial Buildings, Institutional Buildings, Public Infrastructure, Industrial Buildings), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2019 to 2024)”, the global flow meters market is estimated to reach USD 8.4 Billion by 2024 at a CAGR of around 6.2% during the review period.
  • Flow meters can be referred to the devices, which act as an integral tool for measuring the flow of the liquid or gases in an open or closed duct. Flow meters are also known as flow sensor, liquid meter, flow gauge, and flow indicator
  • Flow Profile, flow range, fluid characteristics, and the need for accurate measurements are the key factors helps to determine the right flow meter for a particular application
  • Covid-19 pandemic across the globe has not much likely affected the demand for flow meters as they are being used in essential services such as power generation, food & beverages, and water & wastewater.

Flow Meters Market

Global Flow Meters Market: Key Market Dynamics

  • Increasing demand form end use industries such as oil & gas, and water & wastewater owing to increasing demand of these products has expected to surge the demand for flow meters
  • Advanced ability of better controlling and monitoring liquid or gas flowage has anticipated surge the demand for intelligent flow meters
  • Higher cost of flow meters and requirement of skilled labors are factors which may hinder the flow meter market growth

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Global Flow Meters Market: Regional Overview

  • Asia-Pacific

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

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 AG:

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:

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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Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.

 

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Rep Id : CM 024

Published : 2020-01-15