Electromagnetic Flow Meters Market: Introduction
Flow measurement is vital to many different industries, such as water and wastewater treatment. Electromagnetic flow meter, commonly known as ‘Magmeters’ is one of the flow meters, which is indispensably used to determine how much fluid is passing through to determine production as well as other factors. Importantly, electromagnetic flow meters work on Faraday’s law of Induction, thus, they consume electrodes to measure process flow. Electromagnetic flow meters or magmeters are versatile, accurate, and efficient flow measuring equipment. Also, they are unaffected by viscosity, temperature, and pressure of the fluid (liquid) flowing inside the pipe or tube.
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Electromagnetic Flow Meters Market: Dynamics
In the coming years, soaring energy demand and expanding industrial activity is foreseen to create a substantial need for water treatment plants. Being one of the predominant end-use industries, chemical and other industries appear to observe heavy demands for electromagnetic flow meters. Additionally, rapid population growth, both current and projected has fueled the demand for water.
An excessive consumption of water in residential and industrial sectors translates to the need for wastewater treatment plants. Subsequently, reinforcing the sales growth of electromagnetic flow meters. Moreover, advances in flow meter technology and stringent legislative requirements encourage an increased level of demands for electromagnetic flow meters.
There are multitudes of trends prevailing in the global electromagnetic flow meters market, such as the need for a new architecture. The ever-increasing need for more data and the ability to monitor auxiliary characteristics in liquid other than flow has been becoming more and more important.
Additionally, technological developments for increased efficiency and productivity in the manufacturing process drives the need for accurate and faster electromagnetic flow meters. Growth in electromagnetic flow meters market also bolsters the outlook for sensors manufacturing companies.
Electromagnetic Flow Meters Market: Segmentation
| On the basis of end-user/applications |
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| On the basis of excitation type |
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Electromagnetic Flow Meters Market: Regional Outlook
ASEAN, China, and India have been experiencing rapid industrial growth and surge in economic activities. Undergoing infrastructural projects by municipal corporations pertaining to wastewater treatment in the above regions set to flourish the electromagnetic flow meters market. Further, in the coming years North America is likely to be driven on the back of stringent regulations for water treatment prevailing in Canada and the U.S.
In developing countries, explicitly India, and other agricultural-based economies have a profound demand levels for electromagnetic flow meters owing to need for flow measurements to ensure effective irrigation water management. Expanding economic activities in Latin America, especially in Brazil attributed to a resurgence in automotive, and metal industry looks promising for the electromagnetic flow meters market.
Thus, global electromagnetic flow meters market is poised to witness dynamic growth on the backdrop of positive macroeconomic outlook in the near future.
Electromagnetic Flow Meters Market: Key Players
Examples of some of the key market participants in the global electromagnetic flow meters market discerned across the value chain are:
- ABB Group
- ONICON Incorporated
- Badger Meter, Inc.
- McCrometer, Inc.
- Liquid Controls Group (IDEX Corporation)
- Endress+Hauser Group
- Isoil Industria SpA
- KROHNE Messtechnik GmbH
- Tokyo Keiso Co., Ltd.
- Aichi Tokei Denki Co. Ltd.
- VTM-UTAM
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