Market Research Future (MRFR) discusses factors that are likely to regulate the intelligent flow meter market 2020, in its newly published report. Across the forecast period 2016 to 2022, the intelligent flow meter market can rise at 5 %CAGR across the review period. The increased application of intelligent flow meters to quantify gas fluid and liquid movements across different verticals can boost the market value by 2022.
Intelligent flow meters gather information from areas of interest to monitor and study flexibility, which encourage easy deployment and support embedded intelligence to deliver value-added services. This can support the expansion of the Intelligent Flow Meter Market in the years to come. The increased demand for intelligent flow meter for oil and gas applications for active regulation of fluids is likely to contribute considerably to the intelligent flow meters rise. In addition, the high demand for intelligent flow meters across chemical & wastewater sectors can bolster their market expansion.
Evolving ultrasonic measurement technologies and the pressing need for intelligent flow meter can boost the intelligent flow meter market across the study period. The increased requirement for précised calibration of fluids in in the oil and gas industry is creating the demand for intelligent flow meters in the booming sector, which can fuel the rise of the intelligent flow meter global market.
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Global Intelligent Flow Meter Market Restraints
The high cost of intelligent flow meters is identified as a restrain on the global intelligent flow meter market rise. Besides, less accuracy of certain intelligent flow meter model can pose threat to the market.
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.
The segment study of the Global Intelligent Flow Meter Market is done by type, Verticals, and communication protocol.
The type based segment of the intelligent flow meter market are calorimetric, electromagnetic, multiphase turbine, Doppler, vortex, ultrasonic, Coriolis, and thermal.
The communication protocol based segment of the intelligent flow meter market are Modbus, Profibus, and HART. The HART segment can win high profits for the intelligent flow meter market in the near future.
The vertical based segments of the intelligent flow meter market are chemical, metals & mining, oil & gas, power generation food & beverages, pulp & paper, and pharmaceuticals. The oil and gas segment can stir up high revenue for the market.
In Asia Pacific, the intelligent flow meters market in support of rapid rise of industries and the surge in oil and gas demands among people, is expected to earn the highest share of the global intelligent flow meters market to the region in the years to come. Asia Pacific intelligent flow meters market expansion can be attributed to the mounting industrial development and pent-up demand for measuring meters across the regional Oil & Gas sector. In North America, the intelligent flow meters market is expected to show healthy growth owing to a high number of shale gas projects, alongwith the presence of numerous oil fields. Europe intelligent flow meters market can expand due to increase in industrial infrastructural activities. The high demand for accurate flow measuring devices in the oil and gas sector of the region can also support the expansion of the intelligent flow meters market in the years to come.
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