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Flow Meter Market to Reach $11.9 Bn, Globally, by 2026 at 6.3% CAGR, Says Allied Market Research

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Allied Market Research

04 Feb, 2020, 13:50 GMT

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High adoption of flow meters in industrial measuring applications and recent advancements in flow meter technology drive the growth of the global flow meter market

PORTLAND, Oregon, Feb. 4, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Flow Meter Market by Type (Differential Pressure, Positive Displacement, Ultrasonic, Turbine, Magnetic, Coriolis, Vortex, and Others), and End User (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global flow meter industry was pegged at $7.37 billion in 2018 and is projected to reach $11.9 billion by 2026, registering a CAGR of 6.3% from 2019 to 2026.

Driving factors for the market

High adoption of flow meters in industrial measuring applications and recent advancements in flow meter technology have boosted the growth of the global flow meter market. However, high cost of flow meter and requirements of skilled labor hamper the market growth. On the contrary, trend for process automation across the manufacturing and process industries is expected to create lucrative opportunities in the near future.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6258

The ultrasonic segment to manifest fastest CAGR through 2026

The ultrasonic segment is expected to register the fastest CAGR of 6.9% during the forecast period, owing to increased reliability, reduced pressure drop, and relatively higher accuracy. However, the differential pressure segment held the largest share in 2018, contributing to more than one-fourth of the global flow meter market. The expertise of differential gas flow meter in volumetric flow metering makes it stand out over other types, which boosts the growth of the segment.

The power generation segment held the largest share

The power generation segment dominated the market in 2018, accounting for nearly one-third of the global flow meter market. The flow meter offers several benefits including accurate flow measurement of conductive feedwater flow, ensuring the lowest level of emission, and improving energy processing capacities. Therefore, power plants largely depend on flow metering technology, which, in turn, boosted the market growth.  thereby being the largest consumer in this market. However, the oil and gas segment is projected to register the fastest CAGR of 6.9% during the forecast period, as flow metering applications accounts greater importance in crude oil extraction activities.

Asia-Pacific held the largest share, followed by Europe and North America

The global flow meter market across Asia-Pacific held the largest share in 2018, contributing to nearly two-fifths of the market, owing to high manufacturing base of industries including food & beverages, chemical, textile, refining, and water & wastewater treatment. However, the market across Europe is expected to reach Europe is expected to portray the fastest CAGR of 6.6% during the forecast period, owing to sustainable measures adopted by European Union over the past few years.

To Speak with Our Research Experts: https://www.alliedmarketresearch.com/purchase-enquiry/6258

Major market players

  • Honeywell International Inc.
  • Emerson Electric Company
  • Siemens AG
  • Schneider Electric SE
  • ABB Ltd
  • Azbil Corporation
  • Yokogawa Electric Corporation
  • Hitachi, Ltd.
  • Badger Meter Inc.
  • KROHNE Messtechnik GmbH

Access Avenue (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/Avenue-Membership-details

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.

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Pre-Book Now with 12% Discount:

Power Metering Market – Global - Opportunities and Forecasts, 2020-2027

Smart Electricity Meter Market – Global - Opportunities and Forecasts, 2020-2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
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