Intelligent Flow Meter Market Size, Share, Sales, and Regional Analysis Report

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Intelligent Flow Meter Market Size, Share, Sales, and Regional Analysis Report

Smart Flow Meter is an electronic instrument used to estimate the mass or volumetric, linear, non-linear flow rate of a liquid or gas in the course

Market Highlights

The global intelligent flow meter market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast period.

Intelligent Flow Meter market is increasing rapidly due to the growing need of highly accurate and precise equipment for flow calibration. Many global players such as Sierra Instruments, Inc., Nidec Corporation., and Honeywell International Inc. among others are investing in intelligent flow meter and are launching various types of flow meters equipped with advanced features in order to eliminate uncertainties and to reduce the maintenance cost.

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Recently, Emerson Automation Solutions (Nidec Corporation) has launched the Rosemount 8600 Utility Vortex Flow Meter that is specifically designed for utility applications and offers various benefits such as reduced installation costs, accurate and reliable flow measurement, while extending vortex technology into a wider range of applications. Also, Sierra Instruments, one of the prominent manufacturer of flow meters and controllers, introduced the vortex mass flow meters named InnovaMass 240i and 241i that is specifically designed for precise flow energy management in steam, compressed air, natural gas, and water applications. The InnovaMass flow meters are featured with the advanced Raptor II operating system that help the end-users in reducing the costs and increase productivity.

Segments:

Global Intelligent Flow Meter Market has been segmented on the Basis of type, communication protocol and Verticals. The Type includes Calorimetric, Multiphase Turbine, Vortex, Electromagnetic, Doppler, Ultrasonic, Thermal, and Coriolis among others. Communication Protocol has been identified as HART, Profibus, and Modbus among others. Verticals consist of chemical, power generation food & beverages, oil & gas, metals & mining, pulp & paper, pharmaceuticals among others.

Key Players

The prominent players in the market of Intelligent Flow Meter are- ABB Ltd. (U.S.), Sierra Instruments Inc. (U.S.), Nidec Corporation, (U.S.), Honeywell International Inc. (U.S.), Endress + Hauser AG (Switzerland), General Electric Company (U.S.), Azbil Corporation (Japan), Krohne Messtechnik GmbH (Germany), Siemens AG (Germany), Yokogawa Electric Corporation (Japan) and American Industrial Partners (U.S.) among others.

Market Research Analysis:

Market Research Future Analysis shows that Intelligent Flow Meter Market is growing rapidly and during the forecast period, it is expected to grow at CAGR of ~5%. The increasing demand of highly precise and accurate flow measuring devices is driving the intelligent flow meter market whereas high initial cost of intelligent flow meter is one of the restraining factor for the market.

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Intended Audience

Original Equipment Manufacturer(OEMs)

Product Manufacturer & Suppliers

Flow Meter Suppliers

Service Providers

Research Organizations

Technology consultants

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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