Industry Background:
Electromagnetic flowmeters are used to measure the flow of conductive fluids inside a pipe. It is based on Faraday’s law of Induction. It is unaffected by changes in density, temperature, electrical conductivity, concentration, and viscosity. The main benefit of electromagnetic flowmeters is that they can be ordered for large line sizes. The electromagnetic flowmeter market has high growth prospects owing to increasing demand from the water and wastewater management industry. Further, rising demand from the developing economies owing to growing infrastructural activities driving the demand for electromagnetic flowmeters.This growth is primarily driven by Increasing Demand from the Chemical Industry
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Industrial Machinery sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as ABB Group (Switzerland), ONICON Incorporated (United States), Badger Meter, Inc. (United States), McCrometer, Inc. (United States), Liquid Controls Group (United States), Endress+Hauser Group (India), Isoil Industria SpA (Italy) and KROHNE Messtechnik GmbH (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Jan. 2013 ONICON Incorporated was acquired by Harbour Group, Marvin Feldman, the president of ONICON, announced today. Terms of the transaction were not disclosed.
In SEPTEMBER, 2023 – Badger Meter will present its flow measurement and pressure and water quality monitoring portfolio at booth 831 during the WEFTEC 2023 conference and exhibition, October 2‒4 in Chicago, Illinois.Electromagnetic Flow Meters is a fragmented market with the presence of various players. The companies are focusing on research & development activities with new innovative product launches. They are also focusing on expanding their market horizon through mergers & acquisitions and partnerships, as this will help them sustain in the market.
Regulatory Insights:
"Full bore bi-directional electromagnetic flow meters shall be designed,, manufactured, and calibrated as per standard ISO/IEC 17025: 2005, (Reaffirmed 2017). Meters shall also have an actual flow rate & totalized value for effective water management purposes. The accuracy shall be ± and 0.5% of reading."
Influencing Trend:
Rising Application in the Hydraulic Solid Transport and Technological Advancement for Increasing Productivity in the Manufacturing Plants
Market Growth Drivers:
Increasing Demand from the Chemical Industry and Delivers Rapid Response to Flow Changes
Challenges:
Incompetence to Measure Non-Conductive Fluids and Scaling Of the Water Pipeline Changes the Inner Diameter Size which Causes Measurement Error
Restraints:
High Cost of Electromagnetic Flow Meter and Installation of the Electromagnetic Flow Meter is Complicated
Opportunities:
Increasing Demand from Water and Wastewater Management Industry and Rising Demand from the Developing Economies Owing to Increasing Infrastructural Projects
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Electromagnetic Flow Meters Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Electromagnetic Flow Meters Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Electromagnetic Flow Meters players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electromagnetic Flow Meters Study Sheds Light on
The Electromagnetic Flow Meters Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electromagnetic Flow Meters industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electromagnetic Flow Meters industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.