Flow Meter Market is Booming Worldwide with Revenue of $12.3 Billion By 2027 “The global flow meters market size is anticipated to value USD 12.3 billion until 2027. It is also expected to register a CAGR of 5.8% over the forecasted years, 2020 to 2027. The adoption of the flow meters to measure and control the flow of fluids like water, chemicals, and oil & gas is projected to drive the market growth in the upcoming years."
Global Flow Meters Market study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. Key Reasons to Purchase: • To gain insightful analyses of the market and have a comprehensive understanding of the global Flow Meters market and its commercial landscape. • Assess the production processes, major issues, and solutions to mitigate the development risk. • To understand the most affecting driving and restraining forces in the Flow Meters market and their impact in the global market. • Learn about the Flow Meters market strategies that are being adopted by leading respective organizations. • To understand the outlook and prospects for the market. • Besides the standard structure reports, we also provide custom research according to specific requirements. The global flow meters market size is anticipated to value USD 12.3 billion until 2027. It is also expected to register a CAGR of 5.8% over the forecasted years, 2020 to 2027. The adoption of the flow meters to measure and control the flow of fluids like water, chemicals, and oil & gas is projected to drive the market growth in the upcoming years. The majority of the governing bodies are taking several initiatives for proper water & wastewater management. Also, the development of technologies like IoT (Internet of Things), robotics, and automation are anticipated to drive the demand for smart metering solutions like flow meters. Moreover, technologies like accurate and reliable flow monitoring, low operational costs, and enhanced flexibility are projected to further fuel up their demand.
Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/flow-meters-market/request-sample
The product segment of magnetic flow meters dominated the market with a 24.0% share in 2019 due to their features like cost-effectiveness, accuracy, and reliability as compared to the rest of the segments. On the other hand, the segments of Coriolis and ultrasonic are anticipated to witness 7.5% CAGR from 2020 to 2027. In 2020, the application segment of water & wastewater dominated the global market on account of the rising need for metering water flow to ensure adequate water supply. While the oil & gas segment is expected to register substantial growth over the forecasted years, 2020 to 2027 on account of the detection of shale gas reserves. The flow meter market includes key players such as ABB, Höntzsch GmbH, KROHNE Messtechnik, Hitachi, Ltd., Yokogawa Electric Corporation, Siemens AG, General Electric (GE), and Emerson Electric Co. They are constantly engaged in product development and innovation to gain a competitive advantage and to widen their global reach.
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/flow-meters-market
Further key findings from the report suggest: • The magnetic flow meters held the share across the global market in 2019. • The application segment of water & wastewater dominated the global market with a share of more than 23.0% in 2019. • Asia Pacific is anticipated to witness highest CAGR of 7.0% across the global market over the forecasted years. • The key players in this market are ABB, Höntzsch GmbH, KROHNE Messtechnik, Hitachi, Ltd., Yokogawa Electric Corporation, Siemens AG, General Electric (GE), and Emerson Electric Co. Million Insights has segmented the global flow meter market on the basis of product, application and region:
Flow Meters Product Outlook (Revenue, USD Million, 2016 - 2027) • Differential Pressure (DP) • Positive Displacement (PD) • Magnetic • Wired • Wireless • Ultrasonic • Coriolis • Turbine • Vortex • Others
Flow Meters Application Outlook (Revenue, USD Million, 2016 - 2027) • Water & Wastewater • Oil & Gas • Chemicals • Power Generation • Pulp & Paper • Food & Beverage • Others Flow Meters Regional Outlook (Revenue, USD Million, 2016 - 2027) • North America • U.S. • Canada • Mexico • Europe • Germany • U.K. • France • Asia Pacific • China
• Japan • India • South America • Brazil • Middle East & Africa
See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/machinery-and-machine-parts
Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com
Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com
Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184