Global $9.5 Bn Electromagnetic Flowmeters Market, 2022

DUBLIN, September 22, 2017 /PRNewswire/ --

The "Global Electromagnetic Flowmeters Market - By Type, Component, Industry, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.

The flow meter market size was USD 6.54 Billion in 2016 and is estimated to reach USD 9.52 Billion by 2022, registering a CAGR of 6.47%, between 2016 and 2022.

Electromagnetic flowmeter is a device used to measure mass, linear, volume, nonlinear flow rate of a liquid or a gas. It can measure water-based or conductive volumetric flow. They are perfect for applications which require low maintenance and low pressure drop. They are apt for wastewater applications or unclean conductive liquids. It is the most commonly used flow meter after differential pressure and positive displacement flow meters. Device intelligence has aided magnetic flow meters to go beyond their general function to be vital tools for process and business development.

APAC held the highest market share in 2016 followed by Europe and North America. The market is expected to have a huge demand in the Asian-Pacific followed by Europe & Middle East.

One of the key driving factors for the market is the removal of the wiring constraint. The wireless transmission system decreases the difficulty of monitoring rotating equipment, which would uphold the magnetic flowmeter industry. Their market share is accounted to be around 60% of the overall flowmeter market share in 2016. Added to this, there are also power challenges to be solved. The wide range of both liquid types and pipe diameter types create the need for a dynamic power control capability, effectively having a one design that fits all sensor type need with minimum power dissipation.

There are multiple industry trends driving the need for a new architecture. One is the ever increasing need for more data. The ability to monitor other attributes in liquid other than flow is becoming more and more valuable. There is also a continuing demand for increased productivity and efficiency in the manufacturing process.

Key Topics Covered:

1. Introduction

2. Research Methodology

2. Executive Summary

3. Market Overview

• Definition
• Industry Value Chain Analysis
• Porter's 5 Forces
• Regulations

4. Market Dynamics