Growing Emphasis on Energy Efficiency & Management Drives the Global Market for Flow Sensors, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Flow Sensors markets. Global market for Flow Sensors is projected to reach US$4.9 billion by 2018, primarily driven by the growing use of the technology in a wide range of industries.

Flow Sensors: A Global Strategic Business Report

Follow us on LinkedIn – A technology to measure the rate of fluid and/or air flow, flow sensors are vital elements in a wide range of equipment, and machines. Typical end-use application areas range from oil and gas, chemical and petrochemical, water and wastewater, process industries, pharmaceuticals, metals, mining to semiconductors. Growing emphasis on energy efficiency, reduced maintenance costs, enhanced asset utilization, and improved process monitoring in process industries is poised to benefit the flow sensors market. Technology innovations aimed at enhancing the accuracy and reliability of flow meters is also expected to benefit the market. The market is already witnessing a massive shift away from conventional technologies (i.e. positive flow and differential pressure flow) towards newer technologies like mass, ultrasonic, magnetic, and vortex. Developments in engineering know-how will help bring down production costs, and product prices and thereby spur market penetration.

The growing global focus on energy efficiency against a backdrop of rising energy costs and environmental pollution is expected to indirectly benefit the market. Rising prices of coal and natural gas, shortages in domestic fuel sources, and rising cost of climate change in the form of increased carbon costs are key reasons cited for rising electricity prices worldwide. And as more governments follow the EU route of charging industries for CO2 emissions, industries, especially process and manufacturing industries will have to face the energy challenge and consume less energy. In this regard, energy efficiency will be critical for the survival of processing and manufacturing plants worldwide. Energy management is thereby becoming a necessity for sustainable survival in any industry. Also, stemming energy wastages is expected to assume critical importance in the medium term when mandatory carbon emissions reporting turns carbon into a fully tradable commodity. With energy management and monitoring systems ballooning into a massive industry worldwide, flow sensors as effective energy measurement tools, are poised to benefit. Flow sensors, in this regard, help in identifying and quantifying routine energy wastages.

Lucrative opportunities exist for flow sensors in the water and wastewater industry, where increased environmental regulations that tighten the screws on water conservation and pollution benefits the market. In addition, growing world population, expansion of water infrastructure in developing countries, will especially benefit magnetic flow sensors, which are widely used in the water distribution system. Europe is especially forecast to generate higher demand for flow sensors in this application area since the region has legislated some of the toughest norms for drinking water quality and waste-water treatment, thus providing regulatory driven impetus to demand. Against a backdrop of a creaking water infrastructure that calls for dire upgradation measures in developed countries, and establishment of new infrastructure in developing countries, flow sensors are poised to gain.

In the oil & gas industry, accurate flow measurement is critical in efficient production of hydrocarbons. The encouraging medium to long term outlook for the world oil & gas industry brightens the prospects for flow sensors in this industry. Industry confidence in the oil & gas industry is rising despite the challenges posed by the uncertain economic outlook in the United States and Europe. This continuously growing demand for energy worldwide will keep the oil and gas industry at the forefront of radical technology development, driven by the need to ferret new sources of energy. As a crucial industry that helps meet close to 55% of the world’s daily energy needs, and provide petrochemical feedstocks for a broad range of manufacturing industries, investments in the world oil and gas industry will continue to grow. Companies will continue to spend billions of dollars each year to expand their oil and gas production abilities. The massive global commerce opened up by this industry bodes well for oil and gas equipment and components including the sensors used in them.

A notable trend in the flow sensors market in the recent years is the increasing use of wireless flow sensors in various industrial applications. Wiring and cabling are expensive to install and complex to maintain since accurate fault identification is often elusive. Wireless flow sensors help in reducing the wired clutter in a plant and offer advantages like reduced installation time, reduced costs in comparison with wired sensor solutions, capability to wirelessly communicate as well as monitor flow data, and faster identification of faults, among others. Wireless flow sensors currently dominate the market for industrial wireless sensors.

In Europe, industrial flow sensors market is beginning to feel the heat of the region’s festering debt crisis, given the fact that opportunities in this space are hugely dependent on the health of the industrial and manufacturing sector. The crisis induced volatility in the Index of Industrial Production (IIP) leaves the domestic market hurting. Indicating the deepening financial crisis in the region is the decline in industrial production, which for the full year 2012, declined by 2.4% approximately in the eurozone area. The decline indicates persistent sluggishness in the economy, poor performance of the manufacturing sector, and decline in production of capital goods. Indicating continuous contraction in growth, PMI index for the month of January 2013 also remained below 50 points at 48.6. The scenario offers very little reasons for optimism and hope for a turnaround thus creating an especially uncomfortable market scenario for flow sensor manufacturers.

As stated by the new market research report on Flow Sensors, Europe continues to remain the largest regional market worldwide. Asia-Pacific represents the fastest growing regional market with sales poised to grow at a CAGR of about 5.8% over the analysis period.

Major players in the global marketplace include Kistler Automotive GmbH, Emerson Electric Company, Gems Sensors & Controls, Gill Research & Development Ltd., Keyence Corporation, Posifa Microsystems and Sick Ltd., among others.

The research report titled “Flow Sensors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific, Latin America and Rest of World.

For more details about this comprehensive market research report, please visit –

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
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