A fresh report titled “Ultrasonic Flow Meter Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 135 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.
Most Popular companies profiled in the Ultrasonic Flow Meter Market include are Siemens (Germany), Danfoss (Denmark), Fuji Electric (Japan), Badger Meter (US), GE (US), Endress+Hauser (Switzerland), Honeywell (US), and KROHNE (Germany).
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The Ultrasonic Flow Meter Market is projected to reach US$ 2.1 Billion by 2024 from an estimated US$ 1.4 Billion in 2018, at a CAGR of 6.5%. This report spread across 135 Pages, Profiling 14 Companies and Supported with 70 Tables and 34 Figures is now available in this research.
The Clamp-on segment, by implementation, is estimated to be the fastest growing segment during the forecast period. Clamp-on ultrasonic flow meter measures the flow without any interruption in the process and are suitable for pipes made of plastic, steel, and cast iron suitable for measuring aggressive fluids even under high pressure. Major end-users for clamp-on ultrasonic flow meters are oil & gas, water & wastewater, power generation, chemical, food & beverage, pharmaceutical, and paper & pulp industries.
The Transit-time segment is expected to hold the largest market share during the forecast period. This segment is expected to have a CAGR of 6.9% during the forecast period. It is one of the most reliable and time-tested principle and hence, widely used technology as compared to doppler and hybrid measurement technology. This technology has its cost effective and bi-directional flow measurement advantages. This technology can be utilized for both natural gas and petroleum liquid.
Asia Pacific is estimated to be the largest growing market for ultrasonic flow meters during the forecast period. The region has been segmented, by region, into Asia Pacific, Europe, the Middle East & Africa, North America, and South America. The growth of this region is primarily driven by the Asia Pacific region due to the countries such as China, India, and Japan. The number of investments in water & wastewater, energy and power, refining, chemicals, and industrial infrastructure activities is increasing in the developing economies such as China and India which drives the demand for measuring instruments.
- To forecast the growth of the ultrasonic flow meter market with respect to the regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa)
- To analyze the market opportunities for stakeholders and details of the competitive landscape for market leaders
- To define, describe, and forecast the ultrasonic flow meter market by implementation type, measurement technology, number of paths, end-user, and region
- To provide detailed information on the major factors influencing the growth of the ultrasonic flow meter market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically profile key players and comprehensively analyze their market rankings and core competencies
- To track and analyze the competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the ultrasonic flow meter market.
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