North America and Europe, Collectively Account for More than 56% Global Sales of Magnetic Flow Meter Market – FactMR Study

Global Flow Meter Market: In-Depth Assessment on Key Segments

The global flow meter market is segmented on the basis of product, application and region.

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Country-specific assessment on demand for flow meter has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous flow meter manufacturers, experts, and suppliers.

Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries.

The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global flow meter market.

Global Flow Meter Market – Scope of the Report

The following report provides forecast and analysis of the global flow meter market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (units), according to a Fact.MR study.

The research propounds critical trends that are currently influencing growth within the global flow meter market along with several macro-economic indicators.

This newly published and insightful report on flow meter sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global flow meter market.

The report also comprises the study of current issues with end users and opportunities for flow meter. It also contains value chain analysis, including the key market participants.

To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.

The dashboard included in the report provides a detailed comparison of flow meter manufacturers on parameters such as total revenue, product offerings, and key strategies.

Major players in the market that shape the competitive landscape are, but not limited to

• ABB
• Emerson Electric Co.
• em-tec GmbH
• Endress+Hauser Management AG
• General Electric
• Hitachi Ltd.
• Honeywell International Inc.
• Höntzsch GmbH
• KROHNE Messtechnik GmbH
• Siemens
• VSE Volumentechnik GmbH
• Yokogawa Electric Corporation.

Key Takeaways of Flow Meter Market Study

• Europe and North America lead global sales with a collective share of over 56% of the total market value. Resurgent oil & gas exploration initiatives are central factors that drive growth of flow meters in these regions.
• Multiplying demand for electricity to empower booming digital economies position the power generation segment as the leading application of flowmeter products.
• Magnetic flow meter will grow 1.4X during the forecast. This can be attributed to beneficial properties of this variant such as negligible pressure loss, large measuring range, and utilization of non-moving parts which makes it ideal for a variety of use cases.
• Food & Beverage applications of flowmeter products are set to offer the most lucrative growth opportunities with a robust 7% CAGR during the forecast period. The increasing need for precision in product quantities and manufacturing processes supports growth of this segment.
• South Asia & Oceania present the highest growth rate at an impressive 7.2% through 2029. Developing economies in this region are employing flow meter products in water & wastewater treatment initiatives along with oil & gas projects.

“The future of flowmeter products is automation. Integration of Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) with flowmeter products will provide sustainable revenue opportunities. Market players must focus on both, product innovation and capacity expansion in order to stay ahead of their competitors.” -Says FactMR Analyst