Global magnetic flowmeter market was valued at a market size of $1,395.38 in 2013 and is expected to reach 1,916.94 million by 2020, at an estimated CAGR of 4.58% from 2014 to 2020.
(PRWEB) March 07, 2015
The magnetic flowmeters are one of the leading types of flowmeters, which are used for measuring liquid flow. The major industries where the magnetic flowmeters have been witnessing maximum growth are the water & wastewater, chemicals, pulp & paper, and food & beverages industries. The recent development which favored this continuous growth of the magnetic flowmeter market is the introduction of the two-wire magnetic flowmeters.
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Another essential improvement is growth in battery controlled and wireless magnetic flowmeters. Battery operated meters ensure it is possible to set up magnetic flowmeters in hard to reach places. And wireless meters can transmit a receivable signal where the installation of wires is impractical. These two types signify fast-growing aspects of the magnetic flowmeter market.
This report discusses the future of the global market with road-maps, upcoming technologies, and applications. Key companies profiled in this research report are Abb Ltd., Azbil Corporation, Endress+Hausar AG, Emerson Electric Corporation, General Electric, Honeywell International Inc., Krohne Messtechnik GMBH, Omega Engineering Inc., Siemens AG, and Yokogawa Electric Corporation.
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The various types of the magnetic flowmeters are the in-line, insertion, and low flow magnetic flowmeters, whereas the applications of the market are water & wastewater, oil & gas, food& beverages, chemicals, energy generation, metals & mining, pulp & paper, pharmaceuticals, and so on. The report covers geographic regions which include North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The report profiles the promising major players with SWOT analysis of these key players in the magnetic flowmeter market. The competitive landscape of the market presents an interesting picture, where a large number of small players have become a force to calculate with. The market is witnessing a series of new product launch announcements and partnerships across the value chain.
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