Magnetic Flowmeter Market – Forecast (2021 - 2026)
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• The global Magnetic Flowmeter Market is poised to reach $3.1 Billion by 2026, advancing at CAGR 4.4% during the forecast period 2021-2026. • Magnetic Flowmeter is used for flow measurement of liquids or liquid slurries and works on Faraday's Law of Electromagnetic Induction to determine the velocity of liquids in a pipe. •
The demand for electromagnetic Flowmeter increased in recent years across various industries such as mining, oil & gas and so on to monitor specific pipeline to ensure optimal functionality of Magnetohydrodynamics, and act as a major driver for the growth of the market during the forecast period. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • The top companies in the Magnetic Flowmeter Market are Emerson Electric Co, Endress + Hausan AG, ABB Ltd, Krohne Messtechnik GmbH, Badge Meter Inc, General Electric Co, McCrometer Inc, Honeywell International Inc, Toshiba Corporation and Siemens AG. • Water & wastewater treatment is analyzed to hold highest share at CAGR of 6.8% during the forecast period 2021-2026, owing to wide range of applications. • APAC dominated the Magnetic Flowmeter in 2020 with a share in excess of 36%, owing to growing water management plants.
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By Distribution Channel- Segment Analysis By Product Type, the In Line Magnetic Flowmeter Market dominated the segment with a share of 46.2% in 2020. Many countries are facing water scarcity issues, thus pushing the countries to invest in water sustainable projects. This led the manufacturing companies to make a new monitoring source to manage water management, thereby boosting the demand for magnetic flowmeter over the forecast period. In February 2020, McCrometer Inc, an international leader in flowmeter manufacturing, announced the launch of McMag 2000 Magnetic Flowmeter, designed primarily for water management industries and best fitted for applications such as well monitoring and surface water management. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Magnetic Flow meter Market Industry Outlook • • • • • • • • • •
Emerson Electric Co Endress + Hausan AG ABB Ltd Krohne Messtechnik GmbH Badge Meter Inc General Electric Co McCrometer Inc Honeywell International Inc Toshiba Corporation Siemens AG
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Magnetic Flowmeter Market – Forecast (2021 - 2026) Learn More About the Report
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