Intelligent Flow Meter Market Size, by Type (Calorimetric, Multiphase, Vortex, Electromagnetic, Ultrasonic, Thermal, Coriolis), by Communication Protocol (HART, Profibus, Modbus), by Verticals (Chemical, Power Generation, Oil & Gas) - Forecast 2022
Market Highlights
The Intelligent Flow Meter Market Size 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 Size 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 Market Size 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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Key Players
The prominent players in the Intelligent Flow Meter Market Size - 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:
The global intelligent flow meter market has been segmented on the basis of communication protocol, type, verticals, and lastly region. Based on the communication protocol, this market has been segmented into Highway Addressable Remote Transducer Protocol (HART), Modbus, Profibus, and others. By types, the market has been segmented into calorimetric, Coriolis, Doppler, electromagnetic, multiphase turbine, thermal, ultrasonic, vortex, and others. The verticals based segmentation covers chemical, food & beverages, metals & mining, oil & gas, power generation, pulp & paper, pharmaceuticals among others. Regarding food and beverages, products passing through pipes in bottling companies are filled into bottles.
Regional Analysis
The regional segmentation of the global intelligent flow meter market segments the market into regional markets namely North America, Europe, Asia Pacific, and the Middle East & Africa (MEA). Among all regional markets, Asia Pacific is dominating the global market due to various factors. These factors include a high density of population, huge demand of measuring meters in the Oil & Gas industry, and increasing industrial development in this region, especially in China and India which are important country-based markets. Other important country-based markets in this region include Japan and South Korea, followed by the rest of Asia Pacific.
During the forecast period, the North American market is also showing healthy growth due to the technological advancement in this region, a large number of shale gas projects, oil fields presence, and lastly many key players of the market are based here. The biggest markets in this region are the United States of America (USA) and Canada. Due to the rapid growth of industrial, infrastructural activities, Europe is also expanding as a market. Factors including growing demand for accurate and precise flow measuring devices are driving the market in this region. The most significant markets in this region include France, Germany, Italy, Spain, and the United Kingdom, followed by the rest of Europe. The MEA region is a small market due to lack of education and lack of technological development.
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Table of Contents
- Report Prologue
- Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
- Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
- Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
Continued…
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Market Scenario:Flow Meter is an electronic instrument that is used to measure linear, non-linear, mass or volumetric flow rate of a gas or liquid during its transmission through a pipe.
The demand of intelligent flow meter is increasing in order to improve flow calibration standard and reduce uncertainties.The Intelligent flow meter are suitable choice for industrial environment due to the various benefit offers such as accuracy, precision, stability, and reliability.
The Intelligent Flow meters are widely used in various industries such as chemical, food & beverages, oil & gas, metals & mining, pulp & paper, pharmaceuticals among others.
The demand of Intelligent Flow meter is increasing for Oil & Gas application in order to calibrate the fluids accurately and precisely that in turn is helping the market of intelligent flow meters to grow.
However, the high initial cost of intelligent flow meter is one the major restrain factors for the market growth.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1926The market of Magnetic type of intelligent flow meter is expected to generate highest revenue in the forecast period due to absence of moving part that reduces the maintenance cost and also capable of measuring forward as well as reverse flow with equal precision.Globally the Intelligent Flow Meter market is expected to grow at the CAGR of ~ 5 % from 2016 to 2022.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.
