Electromagnetic Flowmeter Market Growth Powered With Latest Development Scenario and Influencing Trends
Seattle, WA -- (SBWIRE) -- 11/04/2019 -- Worldwide Market Reports added Electromagnetic Flowmeter Market report which provides the statistical analysis of Electromagnetic Flowmeter Market: Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts 2019- 2026 present in the industry space.
The global electromagnetic flowmeter market is estimated to develop at a CAGR of XX% over the forecast period (2019-2026). The growing need for the reliable measurement and monitoring of industrial fluids for optimum utilization is driving the market growth. The irrigation industry is undergoing an expansion in the use of magnetic meters, for measuring the flow rates and volume in irrigation pipelines.
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Global Electromagnetic Flow Meters Market: Overview
Most flow meters operate to the best of their capacity in clean liquids or gases. Electromagnetic flow meters, by contrast, work best with grimy fluids. Electromagnetic flow meters and Doppler ultrasonic meters are the two main principle types of meters that function well in impure fluids, in spite of the fact that differential pressure meters likewise can quantify impure fluids-only if they comprise of the right kind of material. Electromagnetic flow meters are utilized to gauge the flow of conductive fluids and slurries, including pulp and paper slurries and black liquor. Their fundamental limitation is that they cannot quantify hydrocarbons, which are nonconductive, and thus are not generally utilized as a part of the petroleum industry.
Global Electromagnetic Flow Meters Market: Trends and Opportunities
Electromagnetic meters are vastly utilized as a part of the water and wastewater industry. The demand for electromagnetic flow meters has expanded significantly attributable to their application in non-intrusive measurement. They are easy to install, cost effective and low maintenance. Water, wastewater and energy are expected to be the key application segments of the electromagnetic flow meters market that could provide bountiful opportunities for growth.
Key industry participants include Emerson Electric Company, Honeywell International Inc., Endress+Hauser AG, Azbil Corporation, Omega Engineering Inc., Siemens AG, ABB Ltd., Yokogawa Electric Corporation, Krohne Messtechnik GmbH and Hitachi Ltd. The industry is witnessing merger, partnership and acquisitions among the prominent players in order to establish themselves as key suppliers. New product development is expected to be centered on sanitary applications due to rising need for waste water treatment.
Global Electromagnetic Flow Meters Market: Regional Outlook
ASEAN, China, and India have been experiencing rapid industrial growth and surge in economic activities. Undergoing infrastructural projects by municipal corporations pertaining to wastewater treatment in the above regions set to flourish the electromagnetic flow meters market. Further, in the coming years North America is likely to be driven on the back of stringent regulations for water treatment prevailing in Canada and the U.S. In developing countries, explicitly India, and other agricultural-based economies have a profound demand levels for electromagnetic flow meters owing to need for flow measurements to ensure effective irrigation water management. Expanding economic activities in Latin America, especially in Brazil attributed to a resurgence in automotive, and metal industry looks promising for the electromagnetic flow meters market. Thus, global electromagnetic flow meters market is poised to witness dynamic growth on the backdrop of positive macroeconomic outlook in the near future.
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