Flow Meters Market Increasing at a CAGR of 6.4% from 2016 to 2021

Flow Meters Market by Type (DP, PD, Magnetic, Ultrasonic, Coriolis, Turbine, Vortex), Application (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverages) - Global Forecast to 2021 By MarketsandMarkets Published: Aug-2016 Single User : US $5650 Corporate User : US $8150

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Flow Meters Market: Global Forecasts to 2021 “Increasing demand for ultrasonic flow meters to drive the flow meters market” The market size of flow meters is estimated to reach USD 6.00 billion in 2015 and is projected to reach USD 8.72 billion by 2021, registering a CAGR of 6.4% between 2016 and 2021. The market for flow meters is largely driven by the rising demand for accurate measuring instruments from water & waste water and oil & gas industries. There is an increased demand for reliable flow meters which is driving the market of ultrasonic and carioles flow meters.

“Oil & gas is the fastest-growing market of flow meters” Owing to its properties such as safety, accuracy reliability, availability and efficiency, flow meters are used in various applications of oil & gas. This includes its use in custody transfer measurement, mass flow measurement of crude oil, fluid loss & leak detection, process gas flow, hydraulic fluid flow sensing, among others. The rising demand for flow meters in Middle East & Africa and Asia-Pacific are expected to boost the growth of the flow meters market in the oil & gas industry.

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Flow Meters Market: Global Forecasts to 2021 “Asia-Pacific to dominate the market during the forecast period�

The rising demand for smart flow meters is driving the growth of the flow meters market in Asia-Pacific. The market in the region is driven by the increased demand from China and India. China is the largest market in the region. Oil & gas, pharmaceutical and food & beverage industries are gaining momentum in the region which is estimated to drive the market for flow meters. These are the major end-use industries of flow meters in this region.

Thus, the demand for flow meters in the region is increasing.

The process of determining and verifying the market size of several segments as follows:

By Company Type: Tier 1 (29%), Tier 2 (57%), and Tier 3 (14%).

By Designation: C-level (46%), Director Level (31%), and others (23%)

By Region: North America (24%), Europe (28%), Asia-Pacific (29%), Latin America (14%), and the Middle East & Africa (5%).

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Flow Meters Market: Global Forecasts to 2021 Various key players profiled in the report include Siemens AG (Germany), Emerson Electric Co. (U.S.), ABB Ltd. (Switzerland), Yokogawa Electric Corporation (Japan), Endress+Hauser Management AG (Switzerland), Honeywell International Inc. (U.S.), Azbil Corporation (Japan), Badger Meter Inc. (U.S.), Krohne Messtechnik GmbH (Germany), and Schneider Electric (France).

Complete report on Flow Meters Market spread across 158 pages, profiling 19 companies and supported with 69 tables and 47 figures is now available at http://www.rnrmarketresearch.com/flow-meters-market-by-type-differential-pressurepositive-displacement-magnetic-ultrasonic-coriolis-turbine-vortex-and-others-and-byapplication-water-wastewater-oil-gas-refining-petro-market-report.html

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Flow Meters Market: Global Forecasts to 2021 Table of Contents: 1 Introduction 2 Research Methodology 3 Executive Summary

7 Flow Meters Market, By Type 8 Flow Meters Market, By Application 9 Flow Meters Market, By Region

4 Premium Insights 5 Market Overview 6 Industry Trends

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Flow Meters Market: Global Forecasts to 2021 For more details contact Mr. Ritesh Tiwari: sales@rnrmarketresearch.com / +18883915441

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