Flow Meters Market - Global Trends & Forecast to 2019

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MarketsandMarkets Presents

• Flow Meters Market
• Global Trends Forecast to 2019

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• Flow meter is an instrument which is used to
  measure volume of fluid passing through certain
  point over a given time. A flow meter usually
  consists of a tube, indicator, stop, and scale.
  The performance of flow meter depends on density,
  pressure, viscosity, and temperature of the
  fluid. It is measured by accuracy, repeatability,
  linearity, and range-ability of the instrument.
  The global flow meters market is estimated to
  grow at a CAGR of 7.2 from 2014 to 2019 to reach
  a value of 7.9 billion.
• Rapid industrialization and growing population in
  the Asia-Pacific region are driving the demand
  for flow meters. Mushrooming population of the
  Asia-Pacific requires huge water and wastewater
  management infrastructure in the region. That in
  turn creates significant opportunities for the
  flow meter manufacturers to expand in this
  region. The Middle East and Africa region also
  has lot of potential for the flow meter
  manufacturers. Oil gas sector in this region
  creates ample opportunity for modern day flow
  meters.

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• http//www.marketsandmarkets.com/Market-Reports/fl
  ow-meters-market-1191.html
• The global flow meters market by product and
  application type, has witnessed a significant
  growth in the past few years and this growth is
  estimated to persist in the coming years.
  Magnetic flow meter dominated the global market
  in terms of value with 1.18 billion in 2013,
  followed by coriolis flow meter which was 1.02
  billion for the same year. However, it is
  expected that the coriolis flow meter will
  surpass magnetic flow meter in terms of value by
  2019. Magnetic flow meters are mainly used in the
  water wastewater industry. Coriolis flow meter
  finds application in oil gas, refining
  petrochemicals, chemical, and other industries.

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• North America, Europe, and Asia-Pacific dominated
  the global flow meters market in 2013 and
  accounted for over 84.1 of the market. The
  developed regions dominate the flow meters market
  due their mature markets which consist of hygiene
  conscious population requiring water and waste
  water flow meters. Country wise, U.S. is the
  leading consumer of global flow meters and is
  projected to grow at a CAGR much lower than the
  global average till 2019. On the other hand,
  Asia-Pacific is estimated to witness a double
  digit CAGR through 2019. The flow meters market
  in this region is growing because of the rising
  refining and petrochemicals, chemicals, mining,
  pharmaceuticals, and food industry.

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