Global Intelligent Flow Meter Market
The GMI Research forecasts that the Intelligent Flow Meter Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising incomes, increasing purchasing power, and the imposition of mandates on the usage of animal disinfectants.
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Introduction of the Intelligent Flow Meter Market:
An intelligent flow meter is a flow meter that helps to evaluate the fluidic phenomenon in a differentiated range of commercial and industrial applications like food & beverages, oil & gas, and power generation. It is an electronic flow meter that does not comprise any moving parts.
Key Players of the Global Intelligent Flow Meter Market:
- Endress+Hauser Group Services AG
- ABB
- Emerson Electric Co.
- Honeywell International Inc.
- Baker Hughes Company
- Azbil Corporation
- Schneider Electric
- Badger Meter, Inc.
- Yokogawa Electric Corporation
- Siemens
Intelligent Flow Meter Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Some of the crucial drivers accelerating the growth of the global intelligent flow meter market include the extension in industries across several emerging nations and the augmenting consciousness for real-time data analysis and better visibility. In addition, their augmenting demand across different industrial applications including water & wastewater industries and enormous advantages like amplified accuracy, reliability, the potential to detect the flow rate of a gas or liquid in real-time with the feedback for accurate control of the rate of flow further strengthens the market size. Moreover, technological advancements like the implementation of sophisticated sensors and the accessibility of wireless monitoring are encouraging the end-users to opt for the intelligent flow meter. On the other hand, the inflated initial cost concerned with the endorsement of magnetic and Coriolis flowmeters is a crucial factor hampering the market growth.
Type Segment Drivers
Based on the type, the magnetic flow will witness significant demand over the forecast period owing to their aggravating demand across various industries, including food & beverages, chemicals, and metals & mining. Several advantages like less maintenance cost, potential to measure backward and forward flow with the same accuracy, no pressure loss, and extensive measuring range stimulate market demand.
Offering Segment Drivers
Based on the offering, hardware is contemplated to expand at a higher CAGR over the forecast period. It is the prime source to produce data related to flow measurement on a timely basis. The data extricated by them enables a practical analysis and feedback control to manage liquid and gas flow through pipes.
Regional Drivers
Based on the regional coverage, Asia-Pacific is expected to increase faster in the coming years due to the high adoption rate of intelligent flow meters across various water & wastewater, and chemical industries. Moreover, expansion in industrial activities has raised infrastructure development across countries like China and India, which will supplement the market growth.
Intelligent Flow Meter Market Segmentation:
Segmentation by Type
- Coriolis
- Magnetic Flow Meters
- Vortex
- Ultrasonic
- Thermal
- Multiphase
- Differential Pressure
- Variable Area
- Turbine
Segmentation by Offering
- Software
- Hardware
- Services
Segmentation by Communication Protocol
- MODBUS
- PROFIBUS
- HART
- Others
Segmentation by Industry
- Oil & Gas
- Water & Wastewater
- Food & Beverages
- Chemicals
- Metals & Mining
- Pulp & Paper
- Pharmaceuticals
- Power Generation
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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