Market Highlights
The global intelligent flow meter market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast period.
Intelligent Flow Meter market is increasing rapidly due to the growing need of highly accurate and precise equipment for flow calibration. Many global players such as Sierra Instruments, Inc., Nidec Corporation., and Honeywell International Inc. among others are investing in intelligent flow meter and are launching various types of flow meters equipped with advanced features in order to eliminate uncertainties and to reduce the maintenance cost.
Recently, Emerson Automation Solutions (Nidec Corporation) has launched the Rosemount 8600 Utility Vortex Flow Meter that is specifically designed for utility applications and offers various benefits such as reduced installation costs, accurate and reliable flow measurement, while extending vortex technology into a wider range of applications. Also, Sierra Instruments, one of the prominent manufacturer of flow meters and controllers, introduced the vortex mass flow meters named InnovaMass 240i and 241i that is specifically designed for precise flow energy management in steam, compressed air, natural gas, and water applications. The InnovaMass flow meters are featured with the advanced Raptor II operating system that help the end-users in reducing the costs and increase productivity.
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Intelligent Flow Meter Market:
The key growth factor of Intelligent Flow Meter is the growing use of intelligent flow meter for diagnostic information and flow calibration in various industries and commercial applications. The increasing investment in the field of process automation and higher demand of intelligent flow meters in region such as china and India is also supporting the growth of intelligent flow meter market. The rising number of shale gas projects and oil fields is also driving Intelligent Flow Meter Market.
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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