Electromagnetic Flowmeters Market Is Expected To Exhibit Significant Growth Over 2030
Electromagnetic Flowmeters Market Is Expected To Exhibit Significant Growth Over 2030
Blog Article
Electromagnetic flowmeters market is anticipated to grow at a considerable CAGR of 5.7% during the forecast period (2024-2031). The market’s growth is attributed to the technological advances in connectivity across the globe. The integration of advanced communication options such as Modbus RTU and HART corresponds to the market's trend toward enhanced connectivity. The flowmeter's ability to provide several communication interfaces increases its attractiveness to companies seeking smart and integrated systems. For instance, in April 2023,VorTek Instruments released the Pro-M Electromagnetic Flowmeter. These meters provide precise, dependable volumetric flow metering for a variety of conductive liquids, with measurement stability and a maintenance-free full-bore design that eliminates pressure loss and moving components. Furthermore, pro-M meters offer a variety of communication and power options, including classic analog output signals in addition to sophisticated options such as Modbus RTU and HART.
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Among the application, the food and beverages sub-segment is anticipated to exhibit considerable share in the global electromagnetic flowmeters market. The segmental growth is attributed to the demand for portable flow measurement solutions. The portable flow meters are essential in industries such as oil and gas, where field measurements are prevalent. The TransPort PT900's portability satisfies the industry's need for on-site, non-invasive flow measuring capabilities without compromising with operations. In March 2017, Baker Hughes business introduced the GE Oil a new product TransPortPT900 Portable Ultrasonic Flow Meter, a clamp-on meter for measuring liquid flow. Significant customer research and input influenced the design of the TransPort, thatled to in an entirely new transmitter and clamping fixture, in addition to an app-driven user interface on an Android tablet.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Electromagnetic Flowmeters Market Report Segment
By Product
- In-line Magnetic Flowmeters
- Low Flow Magnetic Flowmeters
- Insertion Magnetic Flowmeters
By Application
- Water and Wastewater
- Chemicals and Petrochemicals
- Power Generation
- Metals and Mining
- Oil and Gas
- Food and Beverages
- Others(Pulp and Paper, Pharmaceuticals)
Global Electromagnetic Flowmeters Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electromagnetic flowmeters market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.Competitive strategies by identifying ‘who-stands-where’ in the market.
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