Impelled by Capital Projects, Global Flow Meters Market to Reach Us$9.61 Bn by 2021
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- Category: English: Creative Writing
- Date Submitted: 11/21/2015 01:28 AM
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According to a new market report published by Transparency Market Research “Flow Meters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” the flow meters market was valued at US$5.20 bn in 2014, and is expected to reach US$9.61 bn by 2021, at a CAGR of 9.5% from 2015 to 2021.
Browse the full Flow Meters Market by product type (Magnetic flow meter, Coriolis flow meter, Ultra sonic flow meter, Turbine flow meter, Vortex flow meter and Others), and by application ( Energy management, water management, Food process, Oil and Gas and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at http://www.transparencymarketresearch.com/magnetic-flow-meters-market.html
The flow meters market is primarily driven by the increasing demand of capital projects globally. With the increasing demand of capital projects like petrochemicals, power industry, waste water management and many others the demand of flow meter market is escalating. Moreover, rising demand from refining and petrochemical industries is also fuelling the growth of flow meter market during the forecast period. In petrochemical and refining industries, they are used in gas flaring and produced water discharged among others. It helps in revenue calculation, quality control, environment regulation and many more. Replacement of obsolete flow meters with smart and advanced flow meter is also one of the driving factors of this market. Advanced flow meters like coriolis flow meters are boosting the market growth. They are more accurate and reliable than the previous generation of flow meters.
magnetic-flow-meters-market
The flow meters market has been segmented based on product type which includes magnetic flow meter, coriolis flow meter, ultrasonic flow meter, turbine flow meter, vortex flow meter and others. Magnetic flow meter held the highest market revenue followed by coriolis flow meter, ultrasonic flow meters, vortex...
Browse the full Flow Meters Market by product type (Magnetic flow meter, Coriolis flow meter, Ultra sonic flow meter, Turbine flow meter, Vortex flow meter and Others), and by application ( Energy management, water management, Food process, Oil and Gas and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at http://www.transparencymarketresearch.com/magnetic-flow-meters-market.html
The flow meters market is primarily driven by the increasing demand of capital projects globally. With the increasing demand of capital projects like petrochemicals, power industry, waste water management and many others the demand of flow meter market is escalating. Moreover, rising demand from refining and petrochemical industries is also fuelling the growth of flow meter market during the forecast period. In petrochemical and refining industries, they are used in gas flaring and produced water discharged among others. It helps in revenue calculation, quality control, environment regulation and many more. Replacement of obsolete flow meters with smart and advanced flow meter is also one of the driving factors of this market. Advanced flow meters like coriolis flow meters are boosting the market growth. They are more accurate and reliable than the previous generation of flow meters.
magnetic-flow-meters-market
The flow meters market has been segmented based on product type which includes magnetic flow meter, coriolis flow meter, ultrasonic flow meter, turbine flow meter, vortex flow meter and others. Magnetic flow meter held the highest market revenue followed by coriolis flow meter, ultrasonic flow meters, vortex...