According
to a new market report published by Transparency Market Research
“Flow Meters Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2015 - 2021,” the flow meters market
was valued at US$5.20 bn in 2014, and is expected to reach US$9.61 bn
by 2021, at a CAGR of 9.5% from 2015 to 2021.
Browse
the full Flow Meters Market by product type (Magnetic flow meter,
Coriolis flow meter, Ultra sonic flow meter, Turbine flow meter,
Vortex flow meter and Others), and by application ( Energy
management, water management, Food process, Oil and Gas and Others) -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 – 2021 report at
http://www.transparencymarketresearch.com/magnetic-flow-meters-market.html
The
flow meters market is primarily driven by the increasing demand of
capital projects globally. With the increasing demand of capital
projects like petrochemicals, power industry, waste water management
and many others the demand of flow meter market is escalating.
Moreover, rising demand from refining and petrochemical industries is
also fuelling the growth of flow meter market during the forecast
period. In petrochemical and refining industries, they are used in
gas flaring and produced water discharged among others. It helps in
revenue calculation, quality control, environment regulation and many
more. Replacement of obsolete flow meters with smart and advanced
flow meter is also one of the driving factors of this market.
Advanced flow meters like coriolis flow meters are boosting the
market growth. They are more accurate and reliable than the previous
generation of flow meters.
magnetic-flow-meters-market
The
flow meters market has been segmented based on product type which
includes magnetic flow meter, coriolis flow meter, ultrasonic flow
meter, turbine flow meter, vortex flow meter and others. Magnetic
flow meter held the highest market revenue followed by coriolis flow
meter, ultrasonic flow meters, vortex flow meter, turbine flow meter
and others as of 2014. Demand of magnetic and coriolis flow meter are
high as they are more accurate and reliable than the other flow
meters.
Based
on application, flow meters market has been segmented into energy
management, water management, food process, oil and gas and others.
Food process held the largest market share of 17.6% as of 2014. The
food process is followed by water management, oil and gas, energy
management and others. Introduction of advanced and smart flow meters
and rising capital projects are the major driving factor for these
sectors.
Based
on geography, the market is segmented into North America, Europe,
Asia Pacific and Rest of the World. The Asia Pacific had the largest
market share in the global flow meters market as of 2014. Increasing
capital projects and increasing demand of petrochemical and reefing
industries are the major factors responsible for the growth of the
flow meters market. China, India and Japan are the major countries
contributing to generate maximum revenue in this region. Asia Pacific
market is followed by North America, Europe and Rest of the World as
of 2014. North America flow meters market share accounted for 27.1%
and is anticipated to witness a steady growth during the forecast
period.
Some
of the leading players in the global flow meters market include ABB
Ltd. (Switzerland), Siemens AG (Germany), Azbil Corporation (Japan),
Badger Meter Inc. (U.S), Brooks Instrument LLC (U.S), Yokogawa
Electric Corp. (Japan), Endress + Hauser (Switzerland), Krohne
Messtechnik GmbH (Germany), General Electric Co. (U.S) and Sierra
Instruments Inc. (U.S) among others. The report provides estimates in
terms of revenue (USD Billion) from 2015 to 2021 by studying the
global flow meters market.
The
global flow meters market has been segmented as follows:
Global
Flow Meters Market: By Product Type
Magnetic
flow meter
Coriolis
flow meter
Ultrasonic
flow meter
Turbine
flow meter
Vortex
flow meter
Others
Global
Flow Meters Market: By Application
Energy
management
Water
management
Food
process
Oil
and gas
Others
The
report provides a cross sectional analysis of all the above segments
with respect to the below mentioned regions.
Global
Flow Meters Market: By Geography/ Country
North
America
U.S.
Canada
Rest
of North America
Europe
U.K.
Italy
Spain
France
Germany
Rest
of Europe
Asia
Pacific
India
China
Japan
Rest
of Asia Pacific
Rest
of the World
Latin
America
Middle
East
Rest
of Rest of the World
Request
A Sample Of This Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1440
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