Flow Meter Market Is Poised To Grow At A Steady Clip Of 6.43% CAGR By 2028

Flow Meter Market Is Poised To Grow At A Steady Clip Of 6.43% CAGR By 2028

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Global Flow Meters Market was valued at USD 6.88 Billion in 2021 and is expected to reach USD 10.64 Billion by the year 2028, at a CAGR of 6.43% .

Flow meters, also known as flow sensors, are electrical circuits used to quantify or enforce the flow velocity of fluids and gases through tubes and pipes. The sensors are typically attached to gauges in order to render measured data, but they can also be connected to computers and other digital interfaces. Common applications include HVAC structures, chemical production, septic facilities, and medical equipment. Spills, clogging, pipe bursts, and modifications in fluid concentration due to impurities or contamination can all be detected with these meters. There are two types of flow meters: contact flow meters and non-contact flow meters. Non-contact flow meters are frequently used when the fluid or gas being monitored (most often a food item) could be polluted or physically reformed if it came into interaction with the components involved.

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The Global Flow Meters Market report offers associate calculated market growth of the business. A comprehensive analysis of the globe market report includes market dynamics like market drivers, restraints, and potentialities before the business. in addition, the analysis report contains opportunities among the Flow Meters market at worldwide and national rates. the businesses operate across the globe regions identification can also be incorporated inside the study report. little business ways in which and key developments adopted by world businesses additionally are going to be elucidated throughout this analysis report.

The Major Players covered in the Flow Meters Market report are:

ABB Ltd,Siemens AG,Bronkhorst High-Tech BV,Honeywell International Inc.,Emerson Electric Co.,SICK AG,Omega Engineering Inc. (Spectris PLC),Christian Bürkert GmbH & Co. KG,TSI Incorporated,Keyence Corporation,Sensirion AG,Azbil Corporation,Endress+Hauser AG,KROHNE Messtechnik GmbH,and others.

Flow meter is associate degree integral tool that measures the linear, non-linear, volumetric, or mass rate of a liquid or a gas, or mixture of each. Fluid characteristics, flow profile, flow range, and also the want for correct measurements square measure the key factors for crucial the proper flow meter for a specific application. There square measure numerous styles of flow meters on the market within the market relying upon the accuracy needed and their application in numerous end-use industries. styles of flow meters embody differential pressure, positive displacement, ultrasonic, turbine, magnetic, Coriolis, vortex, and others.

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Flow Meters Market Segmentation:

In market segmentation by Technology, Flow Meters Market report covers:

·         Coriolis

·         Electromagnetic

·         Differential Pressure

·         Ultrasonic

·         Others

In market segmentation by End-User Industry, Flow Meters Market report covers:

·         Oil & Gas

·         Water & Wastewater

·         Chemical & Petrochemical

·         Food & Beverage

·         Power Generation

·         Pulp & Paper

·         Other

Following regions are highlighted in this Flow Meters Market report:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

Regional Insights:

The North American region accounted for a share of 32.78% of the market studied in 2020. The Asia-Pacific region is expected to witness the fastest growth, recording the highest CAGR over the forecast period. The United States is one of the prominent regulated nations after European countries. The oil and gas, water and wastewater, and renewable energy industries are the key consumers for the flowmeter market.

The Asia-Pacific region is expected to continue to occupy a significant share in the flowmeter market. Asia-Pacific is the fastest-growing market for digital technologies adoption, globally. Asia-Pacific region has a high demand from the downstream oil and gas sector. The demand for flow meters in China has been increasing, with a call for much more complex requirements, including specific high-accuracy-level flow meters, communication protocols, and sizes (including mini flow meters and large-size flow meters). Also, various protocols based on the networking situations are being supplied in the market.

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Key Industry Developments:

·         In August 2020, AW-Lake launched the latest series of Clamp-On Ultrasonic Flow Meters that can be secured on the outside of vertical or horizontal pipes ranging in size from ½" through 48". Housed in a water- and dust-tight NEMA 4X polycarbonate inclusion, these Clamp-On Ultrasonic Flow Meters are well suited with an extensive range of metal and plastic pipe materials and difficult liquids like chemicals, viscous liquids, and abrasives that would damage the standard flow meters.

·         In July 2020, KROHNE, a producer and solutions provider in the industrial process instrumentation, declared its DK32 variable area flowmeter which was made accessible with an electrical signal output. This latest version of the DK32/ESK3x with 4-20mA/HART 7 communication can be utilized for various applications such as continuous monitoring, logging, or control of low flow applications with liquids and gases.

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 The prime purpose of the report is to help the user know the Flow Meters market concerning its definition, segmentation, market potential, influential trends, and also the challenges which the Marketplace is facing thorough studies and analysis achieved during the preparation of the report. The readers will probably find that this record very beneficial in the understanding industry in depth.

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