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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.
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.
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:
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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