According to the latest report by IMARC Group, titled, “Flow Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, provide the global flow meter market to exhibit moderate growth during the next five years. The report provides a detailed analysis of the market by product type (Analog Flow Meter and Smart Flow Meter), application (Residential, Industrial and Commercial) and geography (Asia-pacific, Europe, Latin America, North America, and Middle East and Africa).
Industry Definition and Application:
Flow meters, also known as flow indicators, are electronic devices that are utilized for measuring and controlling linear, nonlinear, volumetric or mass flow rate of a liquid, gas or vapor. Most of these meters work by forcing the flow through a confined space and analyzing different properties, such as pressure, temperature, density, viscosity, and change in the kinetic energy, for determining the flow rate of the fluid. As a result, they are widely employed across the globe to compute flare management in refineries, household utility consumption, and measure the flow of oil, fuel, water, paint as well as chemicals.
Download free sample of the report: https://www.imarcgroup.com/flow-meter-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends and Drivers:
Flow meters are gaining traction in various end-use industries such as gas, water, HVAC, automotive, petroleum, food processing, and pulp and paper. The installation of flow meters aids in analyzing incurred cost, minimizing energy wastes and taking effective measures to save energy. Apart from this, governments in several countries are undertaking initiatives and introducing regulations to help conserve energy, thereby boosting the overall sales of flow meters. Moreover, manufacturers are launching innovative flow meters by incorporating the latest technologies to improve their functionality. For instance, the emergence of the Internet of Things (IoT) has resulted in the advent of smart flow rate measurement solutions.
Browse full report with TOC: https://www.imarcgroup.com/flow-meter-market
Flow Meter Market Segmentation:
The report has segmented on the basis of product type, application and geography.
By Product Type:
Analog Flow Meter
Smart Flow Meter
By Application:
Residential
Industrial
Commercial
By Geography:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Who are the Major Flow Meter Market Key players?
The report provides a detailed analysis of the market leaders, including.
ABB Group
Emerson Electric Co.
Siemens AG
Schneider Electric SE
Saison Information Systems Co., Ltd.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
Olivia Anderson
Marketing Manager
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com