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Detailed examination of the flow meters market forecast to 2021

Detailed examination of the flow meters market forecast to 2021

The market for flow meters is largely driven by the rising demand for accurate measuring instruments from water & waste water and oil & gas industries.

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The market size of flow meters is estimated to reach USD 6.00 billion in 2015 and is projected to reach USD 8.72 billion by 2021, registering a CAGR of 6.4% between 2016 and 2021. 

There is an increased demand for reliable flow meters which is driving the market of ultrasonic and carioles flow meters.

Owing to its properties such as safety, accuracy reliability, availability and efficiency, flow meters are used in various applications of oil & gas.

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This includes its use in custody transfer measurement, mass flow measurement of crude oil, fluid loss & leak detection, process gas flow, hydraulic fluid flow sensing, among others.

The rising demand for flow meters in Middle East & Africa and Asia-Pacific are expected to boost the growth of the flow meters market in the oil & gas industry.

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The process of determining and verifying the market size of several segments and sub-segments gathered through secondary research and extensive primary interviews was conducted as follows:

  • <!-- [if !supportLists]-->By Company Type: Tier 1 (29%), Tier 2 (57%), and Tier 3 (14%).
  • By Designation: C-level (46%), Director Level (31%), and others (23%)
  • By Region: North America (24%), Europe (28%), Asia-Pacific (29%), Latin America (14%), and the Middle East & Africa (5%).

Key Points From Table Of Content:

5 Market Overview

5.1 Introduction
5.2 Market Segmentation
5.2.1 Flow Meters Market, By End-Use Industry
5.2.2 Flow Meters Market, By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Usage in Oil & Gas and Water & Waste Water Industry
5.3.1.2 Rising Demand for Smart and Intelligent Flow Meters in High-End Applications
5.3.2 Restraints
5.3.2.1 High Initial Cost of Coriolis and Magnetic Flow Meters
5.3.3 Opportunities
5.3.3.1 Rising Demand From Asia-Pacific for Process Automation

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11 Company Profiles                                                                                                                                                                                                                                                                                                                                                                                                            (Overview, Financial*, Products & Services, Strategy, and Developments)

11.1 Honeywell International Inc.
11.2 Siemens AG
11.3 Emerson Electric Co.
11.4 ABB Ltd.
11.5 Yokogawa Electric Corporation
11.6 Azbil Corporation
11.7 Badger Meter Inc.
11.8 Endress+Hauser Management AG
11.9 Krohne Messtechnik GmbH
11.10 Schneider Electric SE
11.11 Other Market Players
11.11.1 Brooks Instruments LLC
11.11.2 Equflow B.V.
11.11.3 Kem Küppers Elektromechanik GmbH
11.11.4 Max Machinery, Inc.
11.11.5 Parker Hannifin Corp.
11.11.6 Seametrics Inc.
11.11.7 Sensirion AG
11.11.8 Sick AG
11.11.9 Sierra Instruments, Inc.

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