Views
10 months ago

Flow Meters Market is Expected to Grow at a CAGR 4.13% During the Forecast Period 2017-2022

Flow meters are used to measure volume, mass, nonlinear and linear flow rate of gas and fluid. They consist of a scale, indicator, tube, and stop. Flow meters’ performance depends on factors including density, pressure, viscosity of the liquid and temperature. Many products rely on factors produced by the flowing material to indirectly measure the flow The positive displacement meters measures the flow by collecting fixed volume of liquid and then it counts the number of times, volume is filled.

African and Middle East

African and Middle East Middle regions are also expected to have potential growth rate for the flow meter manufacturers. Oil & gas sector in these regions create an ample opportunity for innovative and modern devices. High investment in projects including petrochemicals, waste water management, and agriculture are expected to drive the market growth over the forecast period. Flow meters are extensively used in the above stated industries to control and manage the flow of water, chemicals, gases and other materials. They are also used for treating during abstraction of water, water purification, and discharge of wastewater in to water bodies. These meters help in quality control, revenue calculation and environmental regulation. Demand in refining industries and petrochemicals are anticipated to be one of the important drivers for the market growth of flow meters. They are extensively applied in custody transfer, gas flaring, interwell allocation and produced waster discharged. Advanced meters are expected to driving the market owing to enhanced performance and efficiency. Many end use segments are replacing obsolete devices with new and innovative devices which is expected to drive the overall market growth. These smart meters are anticipated to be more accurate and reliable in measurement Lack of expert technician can be considered as a major factor hindering the market growth. Flow meters need proper handling procedures and should be extremely accurate while setting it to obtain best results. Absence of proper training and lack of knowledge among technicians to operate these meters is expected to restrict the market over the forecast period. Lack of efficient and specialized equipment is also expected to decline the flow meters market. Exact calibration of these products is important as it confirms that the measurement of flow meter is accurate. On the basis of product type, the global flow meters market has been segmented into Coriolis, Magnetic, Ultrasonic flow meter, Vortex and Turbine flow meter. Magnetic is expected to have the largest market share in terms of revenue and position owing to its wide applications including electrodes and water management. These meters possess auxiliary transducers installed to clean the electrodes in place. Coriolis flow meter is expected to witness a significant growth rate over the forecast period and is estimated to surpass magnetic flow meter. These meters are extensively being used in refining & petrochemicals, oil & gas and chemicals owing to decrease in amount of time required to measure liquids. On the basis of application type, the flow meters market has been segmented Energy management, Food process, Water management, Oil and gas. Waste water management is expected to be the largest segment in the global market owing to increasing demand for clean, potable, controlling and managing water flow. Growing concerns and government regulations on water management is expected to drive the market growth. Oil and gas sector is expected to witness a significant growth rate over the next seven years. Increasing demand for efficient transportation and rising manufacturing facilities in Asia pacific is expected to steer the demand for flow meters in oil and gas sector. Get a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/flow-meters-market/request-sample Asia-Pacific is expected to be the key region in the global market owing to increasing investment in wastewater management coupled with rising technological innovations and new product developments. Demand for high performance and efficient flow meters can also be attributed as the major factor driving the market growth in this region.

The key players in the market are Siemens AG , ABB Ltd., Badger Meter Inc., Yokogawa Electric Corp., Brooks Instrument LLC, Endress Hauser, and Sierra Instruments. Other industry participants include General Electric, Azbil Corporation, and KrohneMesstechnik. In April 2016, Intertek, a group of testing applications has launched advanced Coriolis flow meter calibration service, providing technical proficiency and cost efficiency savings to oil and gas customers. Coriolis flow meters are expected to be one of the major reliable device to regulate flow measurement and is widely being used in oil and gas flow measurement systems. Market Segment The global Flow Meters market is valued at 4757.78 million USD in 2016 and is expected to reach 6064.73 million USD by the end of 2022, growing at a CAGR of 4.13% between 2016 and 2022. • Endress+Hauser Management AG • Emerson Electric • ABB Ltd. • Yokogawa Electric • Krohne Messtechnik GmbH • Honeywell International • Siemens AG • Schneider Electric • Azbil Corporation • Badger Meter • Chongqing Chunayi Automation • Kent Instrument • WELL TECH • Yihuan • Ripeness Sanyuan Geographically, this report is segmented into several key Regions, with Sales, consumption, revenue, market share and growth rate of Flow Meters in these regions, from 2012 to 2022 (forecast), covering

Flow Meters Market 2017 Size, Share, Application, Regional Outlook, Competitive Strategies and Forecasts to 2022
Polyurea Market to Grow At a CAGR of 5.39% during the Period 2014 - 2022
Flow Meters Market: Global Industry Analysis and Forecast 2016 - 2024
Air Care Dispensers Market is expected to Grow at a Significant CAGR in the Forecast Years 2017 to 2022
Technical Textiles Market expected to grow at a CAGR of 4.6% during 2017-2027
AC Drives Market Is Expected To Expand Globally During The Forecast Period 2022
Bowed Dulcimer Market is expected to expand globally during the forecast period 2022
Eye Makeup Market is anticipated to grow at a higher CAGR during the 2017-2022
Methionine Market by Applications, Region, Type and Top Players Analysis 2022
Viscometers Market Share by Region and Industry Insights 2017-2022
High-pressure Valves Market is Expected to Grow at CAGR of 4.03% During 2017-2021 Radiant Insights, Inc
Global Silicone Sealants Market is expected to expand globally during the forecast period 2022
Ultrasonic Flow Meters Market Segmentation and Analysis by Recent Trends to 2021
Trail Cameras Market Size, Growth Rate and Market Applications Forecast to 2022
Bamboo Fiber Market Size is Projected to be Around CAGR of 5% by 2017-2022
Reverse Osmosis Membranes Market is expected to expand globally during the forecast period 2022
Global Food Leavening Agent Market is projected to expand at a steady CAGR over the forecast period 2017-2022
Global Flap Discs Market is projected to expand at a steady CAGR over the forecast period 2017-2022
Global ICP-OES Spectrometer Market is projected to expand at a steady CAGR over the forecast period 2017-2022
Global Artificial Intelligence Chips Market is projected to expand at a steady CAGR over the forecast period 2017-2022
Viscometers Market Trends, Applications and Leading Players Analysis Report From 2017 to 2022
Global Rice Milk Market is projected to expand at a steady CAGR over the forecast period 2017-2022
Global Artificial Respirator Market is projected to expand at a steady CAGR over the forecast period 2017-2022
Global Light Beams Market is projected to expand at a steady CAGR over the forecast period 2017-2022