Intelligent Flow Meter Market 2018 Global Trends, Sales Revenue, Development Strategy, Key Vendors, Competitive Landscape, Opportunity Assessment and Potential of The Industry Till 2022

“Market Research Future”
Market Research Future published a research report on “Intelligent Flow Meter Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Scenario:

Flow Meter is an electronic instrument that is used to measure linear, non-linear, mass or volumetric flow rate of a gas or liquid during its transmission through a pipe. The demand of intelligent flow meter is increasing in order to improve flow calibration standard and reduce uncertainties.

The Intelligent flow meter are suitable choice for industrial environment due to the various benefit offers such as accuracy, precision, stability, and reliability. The Intelligent Flow meters are widely used in various industries such as chemical, food & beverages, oil & gas, metals & mining, pulp & paper, pharmaceuticals among others. The demand of Intelligent Flow meter is increasing for Oil & Gas application in order to calibrate the fluids accurately and precisely that in turn is helping the market of intelligent flow meters to grow. Also, the rising demand of intelligent flow meter in Chemical & wastewater industries is also supporting the market of intelligent flow meters. However, the high initial cost of intelligent flow meter is one the major restrain factors for the market growth.

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The market of Magnetic type of intelligent flow meter is expected to generate highest revenue in the forecast period due to absence of moving part that reduces the maintenance cost and also capable of measuring forward as well as reverse flow with equal precision.

Globally the Intelligent Flow Meter Market is expected to grow at the CAGR of  ~ 5 % from 2016 to 2022.

Key Players

The prominent players in the market of Intelligent Flow Meter are- ABB Ltd. (U.S.), Sierra Instruments Inc. (U.S.),  Nidec Corporation, (U.S.), Honeywell International Inc. (U.S.), Endress + Hauser AG (Switzerland), General Electric Company (U.S.),  Azbil Corporation (Japan), Krohne Messtechnik GmbH (Germany), Siemens AG (Germany), Yokogawa Electric Corporation (Japan) and American Industrial Partners (U.S.) among others.

Segments:

Global Intelligent Flow Meter Market has been segmented on the Basis of type, communication protocol and Verticals. The Type includes Calorimetric, Multiphase Turbine, Vortex, Electromagnetic, Doppler, Ultrasonic, Thermal, and Coriolis among others. Communication Protocol has been identified as HART, Profibus, and Modbus among others. Verticals consist of chemical, power generation food & beverages, oil & gas, metals & mining, pulp & paper, pharmaceuticals among others.

Market Research Analysis:

Market Research Future Analysis shows that Intelligent Flow Meter Market is growing rapidly and during the forecast period, it is expected to grow at CAGR of ~5%. The increasing demand of highly precise and accurate flow measuring devices is driving the intelligent flow meter market whereas high initial cost of intelligent flow meter is one of the restraining factor for the market.

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Intended Audience

  • Original Equipment Manufacturer(OEMs)
  • Product Manufacturer & Suppliers
  • Flow Meter Suppliers
  • Service Providers
  • Research Organizations
  • Technology consultants

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