Global Flow Sensors Market 2015-2019
About Flow Sensors
Flow sensors are used for measuring the flow of liquids, slurries, viscous media, gases, air, steam, and bulk solid materials. The device constitutes indicator, scale, top, and tube. The sensitivity varies depending on different characteristics of the fluid, like density, pressure, temperature, and viscosity. The performance of the flow sensor is measured based on parameters, such as accuracy, reliability, range, and linearity. It is used extensively in process and discrete industries, including oil and gas, water and wastewater treatment, chemical and petrochemical, food and beverage, pulp and paper, and automotive.
Technavio analysts forecast the global flow sensors market to grow at a CAGR of 7.68% during 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global flow sensors market for the period 2015-2019. To calculate the market size, we consider the revenue generated from various end-user industries.
The Technavio report, namely Global Flow Sensors Market 2015-2019, is based on an in-depth analysis of the market, with inputs from industry experts. We present the vendor landscape and a detailed analysis of the major vendors in the market. In addition, we discuss the primary drivers influencing market growth and the challenges facing the vendors and the market as a whole. We evaluate the key trends emerging in the market as well.Key Geographies
Technavio Announces the Publication of its Research Report – Global Flow Sensors Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Flow Sensors Market: ABB, Emerson Electric, Honeywell International and Siemens
Other Prominent Vendors in the market are: Brabender Technologies, Endress+Hauser, GE, Krohne Group, Malema Engineering and Yokogawa Electric
Commenting on the report, an analyst from Technavio’s team said: “The growing population in urban areas worldwide has led to the increased demand for high-quality water for household use and for drinking. Developed economies already have well-established water treatment infrastructure, but they lack proper distribution facilities so water can sometimes become contaminated during transportation. Various European countries already have technologically advanced industrial water treatment infrastructure and are now focusing more on municipal water treatment infrastructure. For instance, Germany and the UK are expected to invest heavily in developing municipal water treatment infrastructure by 2019.”
According to the report, despite the economic slowdown and continuous high prices of petroleum products, the demand for petrochemicals is rising in APAC, especially in China and India. These countries are taking steps to industrialize their economy so that they have to rely less on imports. This should also help them in maintaining the trade balance. This industrialization has led to increased demand for chemical and petrochemical products in various end-user industries such as pharmaceutical, automotive, furniture, textiles, paint, pulp and paper, electronics, construction, and agriculture. To meet this rising demand, production capacities have expanded and this has resulted in the development of new plants in the chemical and petrochemical industry, which is expected to lead to increased demand for flow sensors for monitoring the flow of fluids in the chemical and petrochemical industry.
Further, the report states that the decline in planned expenditure and delays in major investment decisions are restraining demand for flow sensors in the oil and gas industry.
ABB, Emerson Electric, Honeywell International, Siemens, Brabender Technologies, Endress+Hauser, GE, Krohne Group, Malema Engineering, Yokogawa Electric
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