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Electromagnetic Flowmeter Market 2019 | Rising Status of Key Players, Industry Size & Share, Growth Factors, New Technologies Revenue Forecast by 2024

Electromagnetic

The “Electromagnetic Flowmeter Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Electromagnetic Flowmeter market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Electromagnetic Flowmeter market is provided in detail in the report.

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Electromagnetic Flowmeter Market Covers Key Players:

  • ABB Ltd
  • Azbil Corporation
  • Endress+Hausar AG
  • Emerson Electric Corporation
  • General Electric
  • Honeywell International Inc.
  • KROHNE Messtechnik GmbH
  • OMEGA Engineering, Inc.
  • Siemens AG
  • Yokogawa Electric Corporation

    Market Overview:

  • The global electromagnetic flowmeter market is estimated to develop at a CAGR of 5.3% over the forecast period (2019-2024). The growing need for the reliable measurement and monitoring of industrial fluids for optimum utilization is driving the market growth. The irrigation industry is undergoing an expansion in the use of magnetic meters, for measuring the flow rates and volume in irrigation pipelines.
  • – Moreover, there is a vast amount of water being consumed by humans, which results in wastewater. Commercial sites and manufacturing industries also rely on water for day-to-day operations. Thus, many wastewater facilities are being developed that handle the job of producing a safe supply of high-quality water. The use of electromagnetic flowmeters can have a favourable impact on pump performance, an important concern for water and wastewater plants, seeking to improve overall efficiency.
  • – By helping to match pump speed to the flow rate, the meters can help operators save energy through a more effective control of the speed of the pump motor.
  • – Further, there have been technological and management advancements in irrigation. Effective irrigation water management begins with accurate water measurement. Flowmeters are critical for managing irrigation efficiently and for monitoring system performance. They provide the information necessary to apply the correct amount of water.
  • – Electromagnetic flowmeters are unable to work with distilled water, hydrocarbons, and many other aqueous solutions. This limits their scope in industries utilizing these liquids.

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Electromagnetic Flowmeter Market opportunities and recommendations for new investments

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    Scope of the Report:

  • Electromagnetic flowmeters are devices employed to measure the flow of conductive fluids inside a pipe. These meters work on Faraday’s law of electromagnetic induction, and are hence called electromagnetic flowmeters, or magnetic meters. They are produced in variants like in-line magnetic flowmeters, low flow magnetic flowmeters, and insertion magnetic flowmeters, to be used by industries like water and wastewater, chemicals and petrochemicals, power generation, food and beverages, and pharmaceuticals.

    Key Market Trends:

    Water and Wastewater Industry to Witness the Highest Growth

    – The US Environmental Protection Agency (EPA) has accelerated investment in the nation’s ageing water infrastructure. The EPA has issued seven WIFIA loans to help finance over USD 4 billion, in water infrastructure projects.
    – According to UN-WATER, due to population growth, accelerated urbanization, and economic development, the quantity of wastewater generated and its overall pollution load are increasing globally. The availability of safe and sufficient water supplies is inextricably linked to how wastewater is managed.
    – Electromagnetic flowmeters are used to measure treated and untreated sewage, processed water, water, and chemicals. Their power usage is relatively low, with electrical power requirements as low as 15 watts for some models. Therefore, with increasing investments in water infrastructure, electromagnetic flowmeters are also expected to witness a rise in adoption.

    Asia-Pacific to Emerge as the Fastest Growing Market

    – The water and wastewater management industry is dominating in many countries in the Asia-Pacific region. According to WHO, reducing wastewater generation and implementing on-site sewage and wastewater technology are two strategies that can improve wastewater management.
    – Singapore’s Tuas Desalination Plant (TDP), the first desalination plant that is owned and operated by PUB, Singapore’s National Water Agency, has won international recognition in 2019 for its use of ecologically sustainable technologies in the treatment process.
    – In February 2019, SUEZ NWS formed a 49/51 joint venture (JV) with Zhuhai Huigang Urban Resources Development Co. Ltd, to invest in, build, and operate a WWTP with a daily capacity of 25,000 ton, to treat the industrial wastewater generated by the industrial companies in the petrochemical park of the Zhuhai Gaolan Port Economic Zone.
    – Furthermore, the Water Environment Partnership in Asia (WEPA) also aims to contribute to improving the water environment, by offering information and knowledge necessary for the enhancement of water environment governance. These factors have significantly contributed to the market growth in the region.

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    Detailed TOC of Electromagnetic Flowmeter Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Water Shortage and the Growing Population are Driving Market Sales
    4.3.2 Technological Innovations in Irrigation are Propelling Market Growth
    4.4 Market Restraints
    4.4.1 The Inability to Measure Non-conductive Fluids is Discouraging the Market Expansion
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Component
    5.1.1 Magnetic Coils
    5.1.2 Transmitters
    5.1.3 Sensing Electrodes
    5.1.4 Non-magnetic Flow Tubes
    5.2 By Product
    5.2.1 In-line Magnetic Flowmeters
    5.2.2 Low Flow Magnetic Flowmeters
    5.2.3 Insertion Magnetic Flowmeters
    5.3 By Application
    5.3.1 Water and Wastewater
    5.3.2 Chemicals and Petrochemicals
    5.3.3 Power Generation
    5.3.4 Metals and Mining
    5.3.5 Oil and Gas
    5.3.6 Food and Beverages
    5.3.7 Pulp and Paper
    5.3.8 Pharmaceuticals
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 ABB Ltd
    6.1.2 Azbil Corporation
    6.1.3 Endress+Hausar AG
    6.1.4 Emerson Electric Corporation
    6.1.5 General Electric
    6.1.6 Honeywell International Inc.
    6.1.7 KROHNE Messtechnik GmbH
    6.1.8 OMEGA Engineering, Inc.
    6.1.9 Siemens AG
    6.1.10 Yokogawa Electric Corporation

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

    Contact Us:

    Name: Ajay More

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