Electromagnetic Flow Meter Market - Scope in Non conductive Liquid to boost Upta

1. Sign in Sign in Nikita’s Newsletter Subscribe Electromagnetic Flow Meter Market - Scope in Non conductive Liquid to boost Uptake Nikita Godse 21 hr ago Commonly known as magmeters, electromagnetic ?ow meters are at the forefront of miniaturization of both, electronics and sensors. The need for achieving improved performance and high geometrical stability with electromagnetic ?ow meter diagnostics is behind this change in the size of ?ow meters, altogether. With the increasing adoption of compact electronic circuits in various industrial applications, the emerging trend of miniaturization is expected to have a signi?cant in?uence on the factors shaping the future of the electromagnetic ?ow meter market in the coming years. Prior to this, the expanse of the ?ow meter industry mostly remained stagnant. It simply involved the trends of expansion and updates & re?nements of the existing technology. The imminent adoption of smart technology is another major trend that the electromagnetic ?ow meter industry is banking on, which will enable improved access, communication, and, in the near-future, improved displays attached to electromagnetic ?ow meters. In terms of construction, electromagnetic ?ow meters are ?anged and are available with a choice of liner and electrode material. Featuring this, electromagnetic ?ow meters are free of obstructions in the pipe, thereby expanding scope of the types of liquids that can be measured for their volumetric ?ow. Resultantly, industrial applications of electromagnetic ?ow meters are extensive. For example, measure of the volumetric ?ow of juices, milk, and industrial water are some applications where electromagnetic ?ow meters are used in the food industry. This mostly involves clean and conductive liquids. Besides this, electromagnetic ?ow meters are used for liquids with suspended particles. This includes sewage, chemicals, wastewater, and slurries, which has expanded the range of industrial applications for electromagnetic ?ow meters. With such industrial applications, the growth of electromagnetic ?ow meter market is predicted to be notable in the coming years. Sensing opportunities in this space, Transparency Market Research (TMR) recently published a study on the growth of the electromagnetic ?ow meter market, which opines that, the market will reach a valuation of ~US$ 1.4 billion in 2019, and will expand at a notable ~6% CAGR during the forecast period of 2019 and 2027. Planning to lay down future strategy? Perfect your plan with our report brochure here Technological Advances Shows New Ways for Wastewater Treatment Applications Owing to their design and operational features, the scope of applications of electromagnetic ?ow meters is also vast, including in the water and wastewater treatment, chemical, and agriculture industries, to name a few. Among the key applications, water and wastewater treatment is expected to continue to hold a leading share in the electromagnetic ?ow meter market in the near term. Vis-à-vis revenue, the water and wastewater treatment industry accounts for ~one- fourth revenue share of the electromagnetic ?ow meter market, and its share will continue to rise at a remarkable CAGR over the forecast period. Technological advances in processes of water and wastewater treatment plants are also surging the adoption of electromagnetic ?ow meters, so much so, that electromagnetic ?ow meters are now an integral part of process control systems in wastewater treatment plants. In addition to this, chemicals, pharma, pulp and paper, and food and beverages are some other industrial areas where electromagnetic ?ow meters ?nd use for industrial control processes. This is because most of these industrial sectors need to measure the ?ow of liquids in the presence of high levels of solids. This is not easily attained by most ?ow methodologies. Scope in Non-conductive Liquids to Fill Up White Spaces for Electromagnetic Flow Meters Whilst the undercurrents for the measuring of conductive liquids are solid in the electromagnetic ?ow meter market, there lies vast scope for the measuring of hydrocarbons, distilled water, and non-aqueous solutions for industrial applications. Besides this, the electromagnetic ?ow meters available are mostly unsuitable for the measuring of compressed liquids, which leaves an immense white space for market players to capitalize on. Variations in terms of harnessing the capability and results of electromagnetic ?ow meters further provides ample opportunities for participants in the electromagnetic ?ow meter market. These variations are due to the type of ?uid being measured, corrosive or non-corrosive nature of liquids, and whether the liquid being measured is clean or contaminated. To address this, the scope for the introduction of innovative electromagnetic ?ow meters is enormous. R&D e?orts leading to product innovation can translate into notable gains for participants in the electromagnetic ?ow meter market. In addition, Europe will remain the prime revenue pocket for stakeholders, with ~one-third revenue share of the global market for electromagnetic ?ow meters. The introduction of innovative products with added capabilities for various biopharmaceutical applications is a key reason behind this. However, Asia Paci?c is predicted to register a higher growth rate over the forecast period. Meanwhile, factors such as the placement of ?ow meters hamper their performance as well. Proximity to mechanical pumps, valve, and other obstructions, as well as the unstable ?ow of liquids can impact the performance of electromagnetic ?ow meters. Want to know the obstructions to your company’s growth in future? Request a PDF sample here Introduction of Renewable Energy Sources to Set New Trends Innovation in energy sources for electromagnetic ?ow meters is another key growth space for players in the electromagnetic ?ow meter market. Currently, electromagnetic ?ow meters are wired or powered conventionally. With the rise of renewable energy sources and the emergence of e?cient batteries, battery-operated electromagnetic ?ow meters are increasingly gaining adoption for most industrial applications. In this quest, the introduction of solar-powered electromagnetic ?ow meters is what the entire ?ow meter industry is turning its ear toward. Solar-powered devices that are backed by battery transmitters are deemed to be extensively suitable for remote areas that do not have ?eld electric supply. Solar-powered ?ow meters are best used for the display and output of ?ow measurement at these locations. The scope of innovation of electromagnetic ?ow meters for wastewater treatment remains compelling. Initiatives undertaken by government agencies, scienti?c bodies, and industrial organizations for comprehensive and e?ective tools and policy mechanism lay strong foundation for sustainable programs for wastewater management woes. This widens the expanse for the requirement of electromagnetic ?ow meters. Looking for exclusive market insights from business experts? Request a Custom Report here Electromagnetic Flow Meter Market – Competitive Landscape From a competitive perspective, the electromagnetic ?ow meter market is mostly consolidated. Top ?ve players, namely, ABB Ltd., Siemens AG, Yogokawa Electric Corp, Toshiba Corporation, and General Electric Co., hold ~60% of the overall electromagnetic ?ow meter market share. However, the emergence of new players is changing the competitive dynamics in this market. Innovative products o?ered by emerging players that supersede predecessor products in terms of technology, abrasion and corrosion resistance, and outstanding electrical insulation provide exceptionally reliable and durable ?ow measurement solutions. Design modi?cations introduced by savvy players consolidate their position in the electromagnetic ?ow meter market. This enables the easy installation of magnetic ?ow meters across a wide range of applications and varying pipe sizes, which paves the way for an expanded share of these players. Such moves are likely to spawn new ambits of growth for participants in the electromagnetic ?ow meter market in the coming future. Subscribe to Nikita’s Newsletter By Nikita Godse · Launched 4 months ago ICT Type your email… Subscribe Write a comment… Top New What is Nikita’s Newsletter? 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