The global flow meter market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, forecasts, key players, and premium trends. It also focuses on the key drivers and opportunities in this market.
According to the report, “Flow Meter Market , by Type (Ultrasonic Flow Meters, Differential Pressure, Positive Displacement Flow Meters, Magnetic Flow Meters, Vortex, Coriolis, Turbine Flow Meters, Magnetic Flow Meters), and Application (Metal & Mining, Water & Water Waste, Oil & Gas, Refining & Petrochemicals, Pulp & Paper, Chemicals, Pharmaceuticals, Beverages & Food) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022”, published by Scalar Market Research, the global flow meter market was valued at over 6,378.73 Million in 2016, and it expected to surpass 9,181.81 Million at a CAGR of 6.1% during the forecast period (2016-2022).
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Key findings of the report:
- The boost in the demand for the smart flow meters and intelligent systems are expected to boost the overall growth of the flow meter market, during the forecast period.
- The rising demand from the oil & gas industries and the rising high-level applications of the flow meters are also expected to create a potential growth in demand for the flow meters market.
- The rise in the demand for process automation from the Asia-Pacific region is expected to become the key opportunity driver for the flow meter market in the near future.
Europe is expected to dominate the flow meter market
Europe is expected to dominate the global flow meter market during the forecast period. The report attributes this rapid growth to the rapid technological advancements and the growth of different industrial verticals, especially, the oil & gas industry.
The rapid technological advancements are also one of the major drivers for this market.
The report focuses on some of the key players in the flow meter market, which include:
- Siemens AG
- Azbil Corp
- Honeywell International, Inc.
- Badger Meter, Inc.
- ABB Ltd.
- Yokogawa Electric Corp
- Emerson Electric Co
- Schneider Electric SE
- Saison Information Systems Co. Ltd.
- Krohne Messtechnik GmbH
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