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Intelligent Flow Meter Market: Segment Analysis, Trends, Opportunities, Competitive Intensity, and Forecasts 2016-2022
Report Code : IE27832
Published: February 2017
Intelligent flow meters are essential part of any flow measurement system, growing at a CAGR of xx% from 2016 to 2022 this market was valued at USD xx Million in 2015. Growing industrial need for advanced and reliable flow meters for accurate real time flow measurement and growing demand in water and waste water applications are driving the growth of intelligent flow meter market. Intelligent flow meters add extra costs to the flow measurement system installation budgets, however in terms of benefits offered by intelligent meters; industrial users are gradually adapting the intelligent option rather than the traditional one. On the other hand, tumbling oil and gas prices resulted in investment contraction in flow measurement instrumentation market and therefore we have lowered our previously forecasted CAGR in this updated report.
The report segments the intelligent flow meters market: by type (Magnetic, Coriolis, Ultrasonic, Vortex, Differential Pressure, Multiphase, Thermal, Variable Area, And Turbine Flow Meters), by communication protocol (Profibus, Modbus, Hart, and others), by application (Chemicals, Electric Power Generation, Food & Beverages, Metals, Mining, Oil & Gas, Pulp & Paper, Pharmaceuticals, Refining, Water & Wastewater, and others), by revenue segment (hardware, software, and services), by measured medium (Gas, Liquid, and Steam), by region (North America, Europe, Middle East, Asia Pacific, and LATAF).
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