Report Code: A08005 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Magnetic Flow Meter Market
Request Now !Magnetic flow measurement is vital to many different industries such as water and wastewater treatment. Electromagnetic flow meter, commonly known as magmeters, is one of the flow meters indispensably used to determine how much fluid is passing through to determine production as well as other factors. Importantly, electromagnetic flow meters work on Faraday’s law of Induction and consume electrodes to measure process flow. They are versatile, accurate, and efficient flow measuring equipment. In addition, they don’t have any effect remain unaffected by viscosity, temperature, and pressure of the fluid (liquid) flowing inside the pipe or tube. They are at the forefront of miniaturization of both electronics and sensors. The need to achieve improved performance and high geometrical stability with electromagnetic flow meter diagnostics results in this change in the size of flow meters. With increase in adoption of compact electronic circuits in various industrial applications, the emerging trend of miniaturization is expected to have a significant influence on the driving factors of the electromagnetic flow meter market in the coming years.
COVID-19 scenario analysis:
The magnetic flow meter market has applications in wastewater treatment and agriculture industries while the product’s high demand in such industries acts as a driving factor of the market growth.Â
The scope of applications of magnetic flow meters is vast, including water and wastewater treatment, chemical, and agriculture industries, owing to their design and operational features. Among the key applications, water and wastewater treatment is expected to continue to hold a leading share in the magnetic flow meter market in the near term. Technological advances in processes of water and wastewater treatment plants also increase the adoption of electromagnetic flow meters. Therefore, electromagnetic flow meters are now an integral part of process control systems in wastewater treatment plants. In addition, chemicals, pharma, pulp & paper, and food & beverages are some other industrial areas where electromagnetic flow meters find use for industrial control processes. This is attributed to the fact that most of these industrial sectors need to measure the flow of liquids in the presence of high levels of solids. This is not easily attained by most flow methodologies.Â
Furthermore, the undercurrents to measure conductive liquids are solid in the electromagnetic flow meter market. However, there is a vast scope to measure hydrocarbons, distilled water, and non-aqueous solutions for industrial applications. Besides, the electromagnetic flow meters available are mostly unsuitable to measure compressed liquids, which leave an immense white space for the market players to capitalize.
Innovation in energy sources for electromagnetic flow meters is another key growth factor for players in the electromagnetic flow meter market. Currently, electromagnetic flow meters are wired or powered conventionally. With the rise of renewable energy sources and the emergence of efficient batteries, battery-operated electromagnetic flow meters are increasingly gaining adoption for most industrial applications. Variations in terms of harnessing the capability and results of electromagnetic flow meters further provide ample opportunities for participants in the electromagnetic flow meter market. These variations are attributed to the type of fluid being measured, corrosive or non-corrosive nature of liquids, and whether the liquid being measured is clean or contaminated.
Key benefits of the report:
Magnetic Flow Meter Market Report Highlights
Aspects | Details |
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Key Market Players | KROHNE Messtechnik GmbH, ABB Ltd., McCrometer, Inc., General Electric Co., Endress+Hauser AG, Honeywell International Inc., Yokogawa Electric Corp., Toshiba Corporation, Badger Meter, Inc., Emerson Electric Co., Omega Engineering Inc., Siemens AG |
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