Flow sensors are used to measure the flow rate of a liquid or gas, and are used in equipment such as flow meters. Flow meters are instruments used for measuring the volumetric, linear, or non-linear flow rate of a liquid or gas. Oil and gas exploration activities, coupled with growing focus on renewable energy development are expected to be the key market driver over the forecast period. Energy efficiency has been witnessing growing emphasis since the past few years. Numerous initiatives have been undertaken to promote and ensure energy efficiency across the globe. This is expected to result in favorable market outlook and aid industry growth.
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Although there exist a variety of product segments, vortex, coriolis and ultrasonic flow sensors are expected to gain market share over the next few years, which can be primarily attributed to growth in end-use industries. Technological enhancements have resulted in development of smart sensors. These provide capabilities including remote two way communication as well as self diagnosis. Furthermore, the output received from the installation of digital flow sensors in applications such as water conservation can be connected to microcontrollers. This helps in monitoring water usage as well as determining the amount of water remaining.
This research report provides comprehensive market statistics and forecast for key segments, and provides complete industry landscape including drivers, restraints, regulatory scenario, technology trends and future opportunities. The report also provides detailed competitive landscape with company market share analysis and in-depth profiles of key market participants. Key regional markets analyzed and reported in this study include:
- North America
- Asia Pacific
Critical elements of the report include:
- Industry dynamics
- Market challenges and opportunities
- Technology & regulatory trends
- Market estimate and forecast
- Regional trends
- Competitive trends
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- Detailed competitive landscape of the market, with profiles of key companies
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