The report focuses on giving an insight of the complete magnetic flowmeter market, with detailed market segmentations, combined with the qualitative analysis of each and every aspect of the market.
Magnetic Flowmeter Market by Type (In-Line, Insertion, Low Flow), Component (Flow Tube, Sensing Electrodes), Application (Water & Wastewater, Food & Beverages, Chemicals, Pulp & Paper), and Geography - Global Trends & Forecasts from 2014 to 2020
The magnetic flowmeters are relatively cost-efficient and easy to install. The magmeters have no moving parts, due to which they are easy to maintain and offer good accuracy for most applications.
Water & wastewater held the maximum market size of around 25% in 2013; this market is valued at $381.80 million in 2014 and is expected to reach $508.37 million by 2020.
The pulp & paper application is expected to witness the fastest growth among the other applications. This application is expected to grow at a CAGR of 4.70% during the forecast period, whereas the chemicals refineries are one of the prominent application segments; this segment is valued at a market size worth $223.26 million in 2014 and is expected to reach $293.29 million by 2020.
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The report focuses on the magnetic flowmeter industry, which accounted for a share of 60% of the overall flowmeter market share. It deals with all driving factors, restraints, and opportunities, with respect to the magnetic flowmeter market, which are helpful in identifying the trends and key success factors for the magnetic flowmeter industry.
One of the major driving factors for the market is the elimination of the wiring constraint. The wireless transmission system reduces the complexity of monitoring rotating equipment, which would promote the magnetic flowmeter industry.
The major companies operating in the market are Emerson Electric Co. (U.S.), Endress+Hauser AG (Germany), ABB Ltd.
(Switzerland), and Krohne Messtechnik GmbH (Germany), among others.
The magnetic flowmeter market report provides the competitive landscape of the key players, which covers their key growth strategies. It also formulates the entire value chain of the market, along with the industry trends in the magnetic flowmeter market, with emphasis on the market timeline, technology roadmaps, and product life cycle analysis.
This report provides a geographic analysis, which contains the in-depth classification for North America, Europe, and APAC that cover the market. The Middle East and Latin America have been classified under RoW.
The sections and the sub-segments in the report contain the drivers, restraints, opportunities, current market trends, and the technologies expected to revolutionize the flowmeters.
the total magnetic flowmeter market was valued at a market size of $1,395.38 in 2013 and is expected to reach 1,916.94 million by 2020, at an estimated CAGR of 4.58% from 2014 to 2020.
The report also discusses the future of the global market with the road-maps, upcoming technologies, submarkets, and applications with respect to the magnetic flowmeter market. The major companies operating in this market are Emerson Electric Co. (U.S.), Endress+Hauser AG (Germany), ABB Ltd. (Switzerland), and Krohne Messtechnik GmbH (Germany), among others.
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The various types of the magnetic flowmeters are the in-line, insertion, and low flow magnetic flowmeters. Whereas the applications of the magnetic flowmeters are water & wastewater, oil & gas, food & beverages, chemicals, energy generation, metals & mining, pulp & paper, pharmaceuticals, and so on.
The report covers geographic regions which include North America, Europe, Asia-Pacific, and the Rest of the World (RoW). APAC is the largest geography in terms of market size for the magnetic flowmeter market.
North America, Europe, and RoW are also considered to be the promising markets, along with the U.S., Mexico, Germany, and the Middle East, which provide impetus to the growth.
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