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Flow Meter Market Is Poised To Grow At A Steady Clip Of 5.5% CAGR During The Forecast Period 2022-2032

The recent discovery of shale gas reserves coupled with resurgence in the oil & gas sector is heightening the demand for flow meters through 2029. The global flow meter market will grow 2.3X during the forecast period. On the back of increasing redundancy of conventional measuring methods and need for accuracy, & reliability of yield measurement, flow meter market is set for continuous growth from 2019 to 2029. Stringent regulations regarding water pollution around the globe are adding to the demand of flow meter products as these play an indispensable role in measuring input and output of treatment plants. Development of smart flowmeters that run on batteries, fit in tight spaces, and conduct multivariate measurements are leading to high demand growth of flow meter products.

Key Takeaways of Flow Meter Market Study

Global Flow Meter Market: In-Depth Assessment on Key Segments

The global flow meter market is segmented on the basis of product, application and region.

Innovation to Remain Key Market Imperative amid Rising Competition

Innovative materials for meter parts & liners, product portfolio expansion by adding line sizes, enhanced accuracy, and broader flow ranges are a few important production trends.

Gas production applications of flow meters will continue to generate strong demand through 2029.

Market players are aiming capacity expansions to penetrate developing economies such as India, China, Indonesia, and Africa. Prevalence of gas exploration projects around the world present gainful opportunities.

Manufacturers must then invest in research and deployment of precision flow meters custom built for these environments and landscapes.

Innovative flow meters that combine industry 4.0 technologies with gas flow measurement techniques will garner revenues from developed countries.

Major players in the market that shape the competitive landscape are, but not limited to

 

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