Flow meters are used to
measure volume, mass, nonlinear and linear flow rate of gas and fluid. They
consist of a scale, indicator, tube, and stop. Flow meters’ performance depends
on factors including density, pressure, viscosity of the liquid and
temperature. Many products rely on factors produced by the flowing material to
indirectly measure the flow The positive displacement meters measures the flow
by collecting fixed volume of liquid and then it counts the number of times,
volume is filled.
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Rapid industrialization
coupled with growing population globally are expected to drive the market demand
of flow meters. Rising population in emerging economies including China and
India is expected to increase water and wastewater managing systems in these
regions and is attributed as the key factor propelling the growth of market.
The African and Middle East Middle regions are also expected to have potential
growth rate for the flow meter manufacturers. Oil & gas sector in these
regions create an ample opportunity for innovative and modern devices.
High investment in projects
including petrochemicals, waste water management, and agriculture are expected
to drive the market growth over the forecast period. Flow meters are
extensively used in the above stated industries to control and manage the flow
of water, chemicals, gases and other materials. They are also used for treating
during abstraction of water, water purification, and discharge of wastewater in
to water bodies. These meters help in quality control, revenue calculation and
environmental regulation.
Demand in refining industries
and petrochemicals are anticipated to be one of the important drivers for the
market growth of flow meters. They are extensively applied in custody transfer,
gas flaring, interwell allocation and produced waster discharged. Advanced
meters are expected to driving the market owing to enhanced performance and
efficiency. Many end use segments are replacing obsolete devices with new and
innovative devices which is expected to drive the overall market growth. These
smart meters are anticipated to be more accurate and reliable in measurement
Lack of expert technician can
be considered as a major factor hindering the market growth. Flow meters need
proper handling procedures and should be extremely accurate while setting it to
obtain best results. Absence of proper training and lack of knowledge among
technicians to operate these meters is expected to restrict the market over the
forecast period.Lack of efficient and specialized equipment is also expected to
decline the flow meters market. Exact calibration of these products is important
as it confirms that the measurement of flow meter is accurate.
On the basis of product type,
the global flow meters market has been segmented into Coriolis, Magnetic,
Ultrasonic flow meter, Vortexand Turbine flow meter. Magnetic is expected to
have the largest market share in terms of revenue and position owing to its
wide applications including electrodes and water management. These meters
possess auxiliary transducers installed to clean the electrodes in place.
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