Intelligent Flow Meter - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Intelligent Flow Meter Market is accounted for $6.05 billion in 2018 and is expected to reach $10.58 billion by 2027 growing at a CAGR of 6.4%. Growing investment in industrial infrastructure activities and growing use of intelligent flow meters for diagnostic information along with measurement data are likely to boost the growth of the market. However, high initial cost for coriolis and magnetic flow meters are likely to hamper the profit boundaries.
Intelligent flow meters are utilized to measure fluidic phenomenon in a wide scope of modern just as business applications including oil and gas, food and beverages, pharmaceutical industry and power generation. A intelligent flow meter is utilized to quantify the speed of a liquid with ultrasound or some other strategy to ascertain the volume flow.
Based on end user, the multiphase segment is having a huge demand because their ability to measure oil, gas, and water simultaneously; this makes these flow meters more effective compared to other flow meters, which measure only one fluid at a time. By geography, the Asia Pacific region is going to have a significant market growth during forecast period owing to the growing demand for high-quality energy-efficient devices and the increasing number of industrial infrastructural activities.
Some of the key players in the Intelligent Flow Meter market include Sierra Instruments , Yokogawa Electric Corporation (Japan), ABB limited (Switzerland), Siemens AG (Germany), Krohne Messtechnik GMBH, Honeywell International Inc. (U.S), General Electric Company, Endress+Hauser AG (Germany), Emerson Electric Company (U.S), Brooks Instruments, Abzil Corporation, and Nidec Corporation.
Communication Protocols Covered:
• Magnetic Flow Meter
• Variable Area
• Differential Pressure
End Users Covered:
• Power Generation
• Oil & Gas
• Metals & Mining
• Pulp & Paper
• Food & Beverages
• Water & Wastewater
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Supply chain trends mapping the latest technological advancements
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