DUBLIN--(BUSINESS WIRE)--The "Flow Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global flow meter market reached a value of US$ 6 Billion in 2017. Owing to the below factors, the market is further expected to reach a value of US$ 9 Billion by 2023, growing at a CAGR of 6.8% during 2018-2023.
The demand for flow meters has been primarily influenced by developments in major end-use industries. Over the last few years, several mining and oil refining facilities have witnessed an expansion worldwide, driven by enhanced demand for minerals and petrochemicals. Another major factor facilitating the market growth is the introduction of new flow meter technologies. Digital meters with improved accuracy and response rate along with self-diagnostic features and latest communication protocols have been replacing conventional flow meters, boosting the market growth.
The report has segmented the global flow meter market on the basis of key applications, covering residential, industrial and commercial sectors. Currently, the residential sector is the largest application area, accounting for the majority of the total share.
Based on types, analog flow meters dominate the market, followed by smart flow meters.
The market is also segmented on a regional basis, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Amongst these, North America represents the largest market, followed by Europe.
An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are ABB Group, Emerson Electric, Siemens, Schneider Electric and Saison Information Systems Co., Ltd.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Flow Meter Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Imports and Exports
10 Flow Meter Manufacturing Process
11 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/5blvrd/global_flow_meter?w=4.