Market Overview:
The demand for intelligent flow meter is increasing in order to improve flow calibration standard and reduce uncertainties because it can measure the flow rate of a gas or liquid during its transmission through a pipe. The Intelligent flow meter is in demand for the industrial environment due to the various benefits including accuracy, precision, reliability, stability. However, the high initial cost of the intelligent flow meter is likely to restrain the market growth.
Market Research Future (MRFR) has published a research report that surmises surge for the global Intelligent Flow Meter Market with 5% CAGR (Compound Annual Growth Rate) between 2016 and 2027. Analyzing the market structure, this report evaluates the future growth potential and observes the strategies of the key players in this market. It also tracks the competitive developments such as joint ventures, mergers, and acquisitions, new product developments, new product developments (R & D) in the market.
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Key Players
The prominent players in the market of Intelligent Flow Meter are- ABB Ltd. (U.S.), Sierra Instruments Inc. (U.S.), Nidec Corporation, (U.S.), Honeywell International Inc. (U.S.), Endress + Hauser AG (Switzerland), General Electric Company (U.S.), Azbil Corporation (Japan), Krohne Messtechnik GmbH (Germany), Siemens AG (Germany), Yokogawa Electric Corporation (Japan) and American Industrial Partners (U.S.) among others.
Segments:
Global Intelligent Flow Meter Market has been segmented on the Basis of type, communication protocol and Verticals. The Type includes Calorimetric, Multiphase Turbine, Vortex, Electromagnetic, Doppler, Ultrasonic, Thermal, and Coriolis among others. Communication Protocol has been identified as HART, Profibus, and Modbus among others. Verticals consist of chemical, power generation food & beverages, oil & gas, metals & mining, pulp & paper, pharmaceuticals among others.
Market Research Analysis:
Market Research Future Analysis shows that Intelligent Flow Meter Market is growing rapidly and during the forecast period, it is expected to grow at CAGR of ~5%. The increasing demand of highly precise and accurate flow measuring devices is driving the intelligent flow meter market whereas high initial cost of intelligent flow meter is one of the restraining factor for the market.
Latest Industry News
Utility-based technology company Itron Inc. has launched the Itron Intelis gas meter that can transform the gas distribution network from the one-way gas delivery mechanism to an interactive energy network delivering gas more safely and efficiently. 20 JUNE 2020
Rachio has launched Wireless Flow Meter that is a companion to its smart sprinkler controller that offers Wi-Fi connectivity. The meter can alert users to detected leaks and shut down the flow of water. 24 JUNE 2020
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Intended Audience
- Original Equipment Manufacturer(OEMs)
- Product Manufacturer & Suppliers
- Flow Meter Suppliers
- Service Providers
- Research Organizations
- Technology consultants
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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