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 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