Introduction
The flow meter is a device used to measure the volume of fluid that is passing through a point on a given period of time. A flow meter consist various components such as tube, scale, stop, and indicator. Its performance depends on parameters that include pressure, viscosity, density and temperature of the fluid. Flow meter is measured by repeatability, accuracy, range ability of instrument and linearity.
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The chemicals and materials vertical is slated to witness emphasis shifting towards new-fangled value streams as well as applications driving it. One amongst them would be feedstock volatility, which is bound to influence the export competitiveness throughout. Plus, decarbonisation is making inroads, wherein renewable and recycled feedstock-based polymers are inevitable with regards to product offerings.
Digital sales and remote sales channels are already there to join the bandwagon. The “go green” initiative is bound to go a long way, as things like global warming would never be taken casually again. Persistence Market Research has its team of knowledge and research experts in the form of consultants and analysts to cater to the needs of the key stakeholders.
Market Segmentation
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This market is expected to show the single digit growth in CARG by 2019. Rapid industrialization and growing population in Asia Pacific act as drivers for this market. Growing population requires wastewater and water infrastructure in that region. Africa and Middle East also have huge potential for flow meters market.
Asia pacific continues to remain the largest market for flow meters, followed by North America and Europe. Asia Pacific market is expected to grow owing to huge investment by increasing demand for flow meters from different types of industries. The main key players for this industry include ABB Ltd., Yokogawa Electric Co., Hitachi ltd., Honeywell International ltd., Emerson Electric Co., Endress+Hauser AG and Siemens AG among others.
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