Press Release

Asia-Pacific Ultrasonic Flow Meters Market to Witness Swift Growth During Forecast Period

Increasing demand in oil & gas and water & wastewater industries to drive growth of global ultrasonic flow meters market through 2024

According to TechSci Research report, Global Ultrasonic Flow Meters Market By Product Type, By No. of Paths, By Sales Channel, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024, the global ultrasonic flow meters market is expected to grow at a CAGR of around 7% during the forecast period. The ultrasonic flow meters are witnessing adoption on account of their accuracy, low maintenance and reliability. Moreover, the rising number of refineries catalysed by increasing energy demand is further driving the demand for ultrasonic flow meters. However, high initial costs of ultrasonic flow meters and inaccurate measurements in the Vertically Downward Flow Line, are likely to hamper the global ultrasonic flow meters market during the forecast period.

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on " Global Ultrasonic Flow Meters Market"

https://www.techsciresearch.com/report/ultrasonic-flow-meters-market/4148.html

The global ultrasonic flow meters market is segmented based on product type, no. of paths, sales channel, end user industry, region and company. Based on end user industry, the market can be fragmented into Oil & Gas, Water & Wastewater, Power Generation and Others. The Oil & Gas segment is projected to register the highest CAGR during the forecast period owing to the precise accuracy flow measurement requirement in custody transfer applications.

Asea Brown Boveri Ltd., Rockwell Automation Inc., Honeywell International Inc., Emerson Electric Co., Yokogawa Electric Co., Teledyne Isco Inc., Badger Meter Inc., Index Corporation, Emerson Process Management, Invensys Process Systems and others are some of the leading players operating in global ultrasonic flow meters market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, in June 2018, Badger Meter launched the E-Series Ultrasonic meters. The meters are ideal for measuring cold water in commercial & industrial applications. The new meters are available in 3-inch and 4-inch sizes. 

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4148

Customers can also request for 10% free customization on this report.


“Asia-Pacific is expected to be the fastest growing market during the forecast period, owing to the rising demand for high quality and reliable tools from wide range of industries along with increasing demand from the oil & gas and water treatment applications. Moreover, growing industrial development, rising number of water recycling facilities and processes are further anticipated to drive the demand for ultrasonic flow meters market in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Ultrasonic Flow Meters Market By Product Type, By No. of Paths, By Sales Channel, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global ultrasonic flow meters market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global ultrasonic flow meters market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

 

Tel: +1-646-360-1656

 

Email: [email protected]

 

Relevant News