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Flow Meter Market Projected to Reach $11.9 billion by 2026 - Honeywell, Siemens, Emerson, ABB ,Schneider, Yokogawa, Azbil, Badger Meter, Hitachi, KROHNE

02-13-2020 01:05 PM CET | Energy & Environment

Press release from: Premium Market Insights

Flow Meter Market

Flow Meter Market

The global flow meter market was valued at $7.3 billion in 2018, and is projected to reach $11.9 billion by 2026, growing at a CAGR of 6.3% from 2019 to 2026.

A flow meter is a device or equipment used to measure the volume or mass of the gas or liquid. It is also known as a flow indicator, flow rate sensor, liquid meter, and flow gauge; that is dependent on its use in any particular industry. Flow meter plays a crucial role in the industries where precise calculation is required, for instance, water & wastewater treatment. It is very important to measure flow, especially in process plants that impact the profit-making capacity of any company.

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The global flow meter market is segmented into type, end user, and region. Depending on type, the global market is classified into differential pressure, positive displacement, ultrasonic, turbine, magnetic, coriolis, vortex, and others. By end user, the market is categorized into water & wastewater, oil & gas, chemicals, power generation, pulp & paper, food & beverages, and others. Region-wise, the global market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major market players operating and profiled in the global flow meter market are Honeywell International Inc., Siemens AG, Emerson Electric Company, ABB Ltd, Schneider Electric SE, Yokogawa Electric Corporation, Azbil Corporation, Badger Meter Inc., Hitachi, Ltd., and KROHNE Messtechnik GmbH.

KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global flow meter market from 2018 to 2026 to determine the prevailing opportunities
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
- Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
- Profiles of leading players operating in the market are provided to understand the global competitive scenario
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth

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