ARC Advisory Group’s new report on the total flowmeters market reveals that the four flowmeter technologies, Coriolis, ultrasonic, electromagnetic, and vortex, present many benefits over traditional technologies, such as positive displacement, turbine, and differential pressure. These newer technologies continue to replace traditional flowmeters for many applications. With the benefits of Industrial IoT (IIoT) becoming evident, suppliers are looking to integrate connected field devices in their portfolios. The focus now is on instrument efficiency, accuracy, safety, and stability. End user consolidation and the globalization of engineering contractors are increasing the size of customer entities.
"Improving energy and resource efficiency has also become an imperative for many manufacturing companies. Efficient energy usage has a positive impact on asset maintenance and equipment lifecycle costs, safety, and overall emissions. ARC also expects to see investments in automation technology as utilities look to identify inefficiencies in their networks, in addition to maximizing the productivity of their workforce by eliminating remote site visits and visual level checking. ARC believes that the flowmeter market will remain on a growth track in the overall forecast period," according to Saket Kumar Mishra, Analyst and key author of ARC's Flowmeters Market Research Report.
Flowmeters Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Devices with SIL-2 Certification
- Energy Saving Measures
- Improve Safety and Productivity
- Improving Local Presence
- Integrated Connected Field Devices
- Water Treatment Plants
- Wireless Devices
Leading Suppliers to the Flowmeters Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Emerson Automation Solutions, Endress+Hauser, KROHNE, Siemens, and Yokogawa.
About the Flowmeters Research
The Flowmeters report explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts and up to 5 years of historical analysis segmented by Sales Channel, World Region, Industry, Customer Type, Flowmeter Type, Measured Medium, and Transmission Method.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
- Market Intelligence Workbook (Excel Power Pivot): A standard Workbook includes the base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports. Available with up to 5 years of historical analysis.
- Concise Market Analysis Report (PDF): This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.