The global flow meter market to grow at a CAGR of 13.22% during the period 2017-2021.
Global Flow Meter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is Enhancements in meter performance. Traditional flow meters that are available in the market have a standard battery life of up to 20 years. Due to competitive and demanding market dynamics, there has been a growing demand for additional features in flow meters, such as remote connection and disconnection, prepayment, wireless communication, remote firmware upgrades, and end-to-end encryption and authentication. All such additional benefits and features compromise on the battery life of the flow meter and simultaneously increase variable, operational, and future costs.
According to the report, one of the major drivers for this market is Augmented demand for smart flow meters. Smart flow meters and smart energy monitors help consumers track their energy use in real time and enable them to make the optimal choices for gas, water, or electricity use. These flow meters have been designed to ensure better energy use and to generate more accurate energy bills. This helps in monetary savings and the optimum utilization of energy. Many residential areas are now being equipped with smart meters alongside commercial and industrial places. British Gas is planning to install almost every household in Britain with a smart meter by 2020.
Further, the report states that one of the major factors hindering the growth of this market is Technological obsolescence. The rapid pace of innovation in the global flow meter market heightens the threat of obsolescence for manufacturers of products that are based on current technologies and protocols. The ever-evolving technological advances like the incorporation of data analytics into flow meters seem lucrative to firms that offer solutions to end-user segments.
- Elster Group
- General Electric
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By Product Type
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/47hwkj/global_flow_meter