The global Ultrasonic Flowmeter industry to grow at a CAGR of 6.12% during the period 2017-2021.
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Ultrasonic Flowmeter Market 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Complete report on the Ultrasonic Flowmeter Market Research Report spread across 70 pages, profiling 20 companies with table of content is now available at www.reportsnreports.com/contacts/discount.aspx?name=1134876 .
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The following companies as the key players in the global ultrasonic flowmeter market: Emerson, Endress+Hauser, General Electric (GE), KROHNE, and Siemens.
Other Prominent Vendors in the market are: Badger Meter, Bronkhorst High-Tech, CMC Technologies, Danfoss, Eastech Flow Controls, Eastern Energy Services, ELIS PLZEN, Fuji Electric, HONDA ELECTRONICS, iCenta, Cameron- Schlumberger, TOKYO KEIKI, TOKYO KEISO, Total Temperature Instrumentation, and Yokogawa Electric.
One trend in the market is developments in ultrasonic flowmeters. The latest developments in ultrasonic flowmeters will prove useful for many industries as the demand keeps growing.
Handheld and portable ultrasonic flowmeters also witness significant market growth. Handheld ultrasonic flowmeters are commonly used in measuring slurries and dirty fluids for the chemical industry, food processing sector, and water treatment plants.
According to the report, one driver in the market is growing nuclear power generation. Many countries are now generating power using nuclear energy.
Globally, there are 31 countries with nearly 440 nuclear power reactors, which have a total installed capacity of 3,90,000 MWe. Also, 60 nuclear power reactors are under construction and 160 are planned.
The most number of nuclear power reactors in the planning and construction stages are in Asia while a few major new units are in Russia. Capacity expansion is also being undertaken by upgrading the power plants.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one challenge in the market is volatility in raw material prices. The prices of ultrasonic flowmeters are increasing significantly due to the high prices of raw materials used in their manufacture.
The body of an ultrasonic flowmeter is made of steel, cast iron or ductile iron, alloys, titanium, and various other alloys. The shortages in the market supply of these raw materials and inflationary pressures are combining to increase the prices of the listed metals and alloys.
These materials have volatile prices, which affect manufacturers as well as end-user segments. The growing demand-supply gap has led to an increase in the cost of the raw materials.
This report covers the present scenario and the growth prospects of the global ultrasonic flowmeter market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Ultrasonic flowmeters use ultrasound technologies such as sonar or radar scans to measure the flow of liquids inside a pipe. Networked communication protocols incorporated in the flowmeters help in analyzing the operation of the flowmeter and provide valuable information to end-users.
As ultrasonic flowmeters do not obstruct the flow, they can be used to measure sanitary, corrosive, and abrasive liquids. These flowmeters are widely used in the custody transfer of natural gas in end-user industries such as petrochemicals, oil and gas, and chemicals.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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