Top 5 Vendors in the Global Flow Meter Market from 2017 to 2021 | Technavio

Technavio has published a new report on the global flow meter market from 2017-2021. (Graphic: Business Wire)

LONDON--()--Technavio has announced the top five leading vendors in their recent global flow meter market report. This market research report also lists 42 other prominent vendors that are expected to impact the market during the forecast period.

Competitive vendor landscape

According to the research analysis, the global flow meter market is expected to witness a CAGR of more than 13% during the forecast period. Small to medium-sized vendors find it difficult to compete with international vendors in terms of product quality, features, functionalities, and services. Hence, flow meter manufacturers are now more focused on designing and developing smart flow meters to stay competitive in the market and capitalize on the emerging market trend. Vendors also compete based on after-sales service and maintenance support.

“Vendors operating in this market witness the highest demand from the residential sector which is anticipated to drive the growth of the market during the forecast period. The growing demand for smart flow meters is due to their ability to effectively measure the use of energy and assist utilities in generating accurate bills for even the most remote locations. Human errors while taking meter readings are eliminated when using smart flow meters. Smart flow meters can share the usage pattern and data with utilities in real-time, leading to savings in terms of cost and consumption,” says Gaurav Mohindru, a lead analyst from Technavio for research on unit operations.

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Technavio market research analysts identify the following key vendors:

ABB

ABB provides digital technologies to a wide range of customer base, namely utility, industry, transport, and infrastructure customers. It has an array of flow measurement products under the brand names CoriolisMaster, ProcessMaster, HygienicMaster, and ScanMaster. The company provides flow measurement in sectors such as chemical, power, oil and gas, pulp and paper, and metals and mining, food and beverage, pharmaceutical, and biotechnology.

Elster Group

Elster Group is a provider of gas meters and related communications, networking, and software solutions. It manufactures and systems solutions for measurement and regulation of gases, automation of industrial furnaces, control of heat treatment processes, and regulation of heating appliances. Its diverse portfolio of products and solutions are used to accurately and reliably measure and regulate gas consumption as well as assist energy efficiency and conservation.

General Electric

The flow measurement and control segment falls under the business division of GE Oil & Gas. General Electric offers a variety of flexible ultrasonic flow meters, vortex multivariable flow meters fixed-installation, and portable flow meters for water, air stream, and other liquids and gases in any industrial application. The company's innovative technologies include asset condition monitoring, sensor-based measurement, advanced software, controls, inspection technologies, and radiation measurement solutions as well as global services and expertise.

Itron

Itron is a technology company that manufactures flow measurement and control tools for utilities to measure, manage, and analyze water, electricity, and gas use. The company invests heavily in technology and innovation and only manufactures smart flow meters. Itron provides superior customer support and service, energy conservation, asset management and revenue assurance for large commercial and industrial users.

Landis+Gyr

Landis+Gyr offers electricity meters in various categories such as residential meters, commercial and industrial meters, grid meters and accessories. The company offers a broad portfolio of household meters with innovative technologies that are tamper-proof, making them readable at any extreme condition. The commercial and industrial flow meters are packed with extended functionality, highest precision metering accuracy, and the flexibility of modular communication adapted to local requirements.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

Technavio has announced the top five leading vendors in their recent global flow meter market report from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com