Intelligent Flow Meter Market – Global Opportunities & Forecast, 2020-2027
The market report analyses the market while considering
various aspects of the market such as market size, market status, market
trends, and forecast. The report also offers brief information on the
competitors and specific growth opportunities while covering the key drivers of
the market. The report has been categorized based on the different segments,
including type, offering, communication protocol, industry, and regions.
Leading Players in the Intelligent Flow Meter Market:
The Intelligent Flow Meter Market is fairly fragmented, and
a number of global and regional players operating in the market are:
·
Endress+Hauser Group Services AG
·
Emerson Electric Co.
·
ABB
·
Yokogawa Electric Corporation
·
Honeywell International Inc.
·
Siemens
·
Baker Hughes Company
·
Azbil Corporation
·
Schneider Electric
·
Badger Meter, Inc.
Intelligent Flow Meter Market drivers:
The global intelligent flow meter market
is witnessing an upsurge in demand during the forecast period. This is
mainly due to the growth in the demand for intelligent flow meters in several
industrial applications such as in water & wastewater industries, coupled
with the rapid technological advancements in ultrasonic measurement, which is
enhancing the demand for such devices in the market. Moreover, various benefits
provided by the intelligent flow meter, such as reliability, improved accuracy,
the capability to detect the flow rate of a gas or liquid in real-time and
provide feedback for the accurate control of the rate of flow are some other
factors propelling the growth of the market worldwide. The rise in the
expansion of industries across developing economies in the Asia-Pacific region
and increasing awareness for the real-time analysis of data and enhanced
visibility are further accelerating the growth of the market in the upcoming
years. In addition to this, various technological advancements such as the
implementation of advanced sensors and the availability of wireless monitoring
are promoting the end-users to opt for the intelligent flow meter. On the other
hand, the huge initial cost for the adoption of magnetic and coriolis flow
meters will hinder the growth of the global intelligent flow meter market.
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Intelligent Flow Meter Market Segmentation:
According to the report published by GMI Research, titled “Intelligent
Flow Meter Market,” the industry is predicted to witness the highest CAGR
during the forecast period. The segmentation of the market is as follows:
By Type:
·
Coriolis
·
Magnetic Flow Meters
·
Vortex
·
Ultrasonic
·
Thermal
·
Multiphase
·
Differential Pressure
·
Variable Area
·
Turbine
By Offering:
·
Software
·
Hardware
·
Services
By Communication Protocol:
·
MODBUS
·
PROFIBUS
·
HART
·
Others
By Industry:
·
Oil & Gas
·
Water & Wastewater
·
Food & Beverages
·
Chemicals
·
Metals & Mining
·
Pulp & Paper
·
Pharmaceuticals
·
Power Generation
·
Others
By Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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