The
intelligent
flow meter market is expected to
reach USD 7.76 Billion by 2022, at a CAGR of 5.4% between 2016 & 2022. The
growth of the market is driven by factors such as the benefits of accuracy,
stability, and reliability offered by intelligent flow meters and high demand
for these flow meters in the chemicals and water & wastewater industries.
The rising industrial infrastructure activities and growing use of intelligent
flow meters for diagnostic information, along with measurement data, are also
supporting the growth of the market.
The
multiphase flow meter market is expected to grow at a higher rate compared to
other flow meters during the forecast period. This is due to their ability to
measure oil, gas, and water simultaneously; the other flow meters can measure
only one fluid at a time. Multiphase flow meters help to understand the amount
of fluid extracted from the well before the separation process of the fluid.
These flow meters are majorly used in the oil & gas and chemicals
applications which are largest application for the intelligent flow meter
market.
The
intelligent flow meter market for water & wastewater applications is
growing because of the increasing awareness regarding the hygiene and energy
conservation by accurate measurement of water. Region such as North America and
APAC are actively implementing intelligent flow meters, owing to the awareness
about the benefits of the intelligent flow meters and increasing population,
which is leading to the high demand for regular measurement of clean as well as
disposable water.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=53333547
APAC
held the largest share of the intelligent low meter market in 2015; the market
in APAC is expected to grow at a high rate between 2016 and 2022. The growing
industrial infrastructural activities, increasing demand for accurate and
effective devices to measure the fluid, rising population, and urbanization in
this region are the major factors driving the growth of the intelligent flow
meter market in APAC.
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Currently servicing 7500 customers worldwide including 80% of global Fortune
1000 companies as clients. Almost 75,000 top officers across eight industries
worldwide approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the "Growth Engagement Model – GEM". The GEM
aims at proactive collaboration with the clients to identify new opportunities,
identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and
its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
