Some of the key findings from our magnetic flow meters market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global Magnetic Flow Meters Industry Overview
The global magnetic flowmeter market is witnessing several technological innovations including the development of smart magnetic flowmeters. Smart magnetic flowmeters use edge-computing technology with enhanced flow computer functionality and can be connected through Highway Addressable Remote Transducer (HART) connectivity communication protocols. This enables smart magnetic flowmeters to provide uninterrupted flow of information even in remote areas. Moreover, smart magnetic flowmeters are easier to install and do not require flow computers. These factors will boost the popularity of smart magnetic flowmeters among end-users such as oil and gas, mining and chemicals, and petrochemicals industry which operate in remote locations. Such technological advancements are identified as critical magnetic flow meters market trends which will have a positive impact on the growth of the market.
Mechanical flow measurement devices have high maintenance costs, low accuracy, and require frequent calibration for different liquid types. Magnetic flowmeters help in overcoming these challenges of mechanical measurement devices. The absence of moving parts in magnetic flowmeters allows it to effectively measure thickened sludge and liquid with high solid content. Magnetic flowmeters are also equipped with abrasion and corrosion resistant liners which makes it highly effective in the measurement of erosive fluids, slurry, and most types of acids and bases. Moreover, magnetic flowmeters have low calibration requirements and can measure liquid properties such as conductivity and density with high accuracy. This high effectiveness of magnetic flowmeters will boost its adoption in the process industry and consequently fuel the growth of the market at a CAGR of over 5% during the forecast period.
Top Magnetic Flow Meter Companies Covered in this Market Research Report
The market is fragmented. To help clients improve their market position, this magnetic flow meters market analysis report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this magnetic flowmeters market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading magnetic flowmeter manufacturers, including:
- ABB Ltd.
- Badger Meter Inc.
- Emerson Electric Co.
- Endress+Hauser Management AG
- Siemens AG
- Yokogawa Electric Corp.
Magnetic Flow Meters Market Segmentation Based on End-users
- Water and wastewater
- Chemicals
- Mining and metals
- Food and beverages
- Others
The water and wastewater industry will account for the highest magnetic flowmeters market share. The ability of magnetic flowmeters to measure thickened sludge and totalized flow measurement are some of the factors boosting its demand from water and wastewater end-users. This report provides an accurate prediction of the contribution of all the segments to the growth of the magnetic flowmeters market size.
Magnetic Flow Meters Market Segmentation Based on Geographic Region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for the companies, it has been identified that the APAC region will account for the highest share of the magnetic flowmeters market throughout the forecast period. Increasing investments in the water and wastewater, power, and food and beverage industries in APAC will be a significant factor fueling magnetic flow meters market growth in this region.
Key Highlights of the Magnetic Flowmeters Market Forecast Report for the Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the magnetic flowmeters market during the next five years
- Precise estimation of the global magnetic flow meters market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the magnetic flowmeters industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of magnetic flowmeters companies
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