Global Flow Meters Market to reach US$5.1 Billion by the year 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Flow Meters Market. The global market for flow meters is expected to reach US$5.1 billion by the year 2017, primarily driven by the re-investment of manufacturing majors in plant renovation, modernization, capacity expansions, technology developments, and entry of new players into the market. Additionally, rising opportunities from emerging countries in the Asia-Pacific region is also expected to bode well for the future growth prospects of the marketplace.

Flow Meters: A Global Strategic Business Report

Follow us on LinkedIn – Flow meters market continues its transition from the traditional to new high-technology meters. Driven by precision and reliability, new flow meters, especially ultrasonic and coriolis, are becoming extremely popular among the end-users. Another high-tech flow meter grounding base is the magnetic flow meter, acknowledged for its capacity in non-intrusive measurement. The flow meters have been found as an appropriate replacement to the conventional flow meter types, such as turbine, differential pressure, and positive displacement. The reliability and accuracy offered by these flow meters make them favorite among customers against the traditional counterparts.
Post recession, the flow meters market is surging ahead, primarily due to the accumulation of postponed and deferred orders, and re-investment of manufacturing majors in plant renovation, and modernization and capacity expansions. Capital projects, which have either been shelved or postponed due to tight budgetary conditions, are presently remerging to drive growth. Stimulus packages offered by the governments across the globe as succor to the ailing industries are additionally strengthening capital investments.

Ultrasonic Flow Meters market represents the fastest growing product segment, displaying a CAGR of about 8.29% over the analysis period. Ultrasonic flow meters are gaining wider prominence in hydrocarbon industry applications. Benefits offered by ultrasonic flow meters, such as accuracy, and obstruction-free measurement are the major factors fueling demand for this product. Oil and gas industry has been one of the major contributors to the market growth of ultrasonic flow meters. Ultrasonic flow meters offer improved measurement accuracy at significantly lower costs, making it the most preferred product for oil and gas, and district heating applications. The ultrasonic flow meters market is especially driven by the robust demand for multi-path ultrasonic meters, used in custody transfer of natural gas and other petroleum products. Rapid growth of Ultrasonic flow meters market has also been supplemented by the approval of ultrasonic standards by various regulatory authorities. American Gas Association (AGA) has approved standards for measuring natural gas; the American Petroleum Institute (API) laid down standards for liquid hydrocarbon custody transfer applications, while International Organization of Legal Metrology (OIML) has approved standards for international custody transfer applications.

As stated by the new market research report, Europe remains the largest regional market for flow meters, by value. Asia-Pacific is the fastest growing regional market, both in terms of value and volume sales. Value sales in Asia-Pacific are projected to grow at a CAGR of 5.45% over the analysis period. Asia-Pacific, where the number of capital projects and new process plants are increasing by the day, is expected to drive future gains in the international market. The Middle East, a hub of oil and gas activities, will also generate substantial demand for flow meters during the short to medium term period. Focus on water desalination will especially generate demand for flow meters in the region.

Segment-wise, Magnetic Flow Meters market remains the largest product segment. Magnetic flow meters primarily find application in the water and wastewater sector. Demand for magnetic flow meters, therefore, primarily depends on the level of municipal funding and government stimulus packages provided to water and wastewater treatment projects. The product also finds applications in food and beverage, pulp & paper, chemical, refining, and oil and gas industries.

Major players in the market include Asea Brown Boveri Ltd. (ABB), Badger Meter Inc., Eastech Flow Controls, Elster AMCO Water Inc., Emerson Electric Co., Emerson Process Management, Endress+Hauser (E+H), Faure Herman S.A., General Electric, Hach/Marsh-McBirney Inc., Honeywell International Inc., Idex Corporation, Invensys Process Systems, Rockwell Automation Inc., Siemens AG, Teledyne Isco Inc., Yamatake Corporation, Yokogawa Electric Corporation, among others.

The research report titled "Flow Meters: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. The report provides market estimates and projections in both volume and value sales market for the years 2009 through 2017, for major geographic markets including United States, Canada, Japan, Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe) Asia-Pacific, Middle East and Latin America. Product segments analyzed include Differential Pressure Flow Meters, Magnetic Flow Meters, Mass Flow Meters, Open Channel Flow Meters, Positive Displacement Flow Meters, Turbine Flow Meters, Ultrasonic Flow Meters, Anemometers, and Vortex Flow Meters. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Flow_Meters_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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