Variable Area Flowmeters Market
Variable Area Flowmeters Market (Material Type: Plastic Tube, Glass Tube, and Metal Tube; and End-use Industry: Power, Chemical, Food & Beverages, Metals & Mining, Paper & Pulp, Pharmaceuticals, Water & Wastewater Treatment, Oil & Gas, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
Press Release :
Demand Shortfall to Blur with Launch of COVID-19 Vaccines
Manufacturers of process instrumentation and measurement solutions are struggling financially to meet the demands of clients during the COVID-19 (coronavirus) pandemic. They are increasing efforts to continuously monitor and follow recommendations of global and local health authorities. Companies in the variable area flowmeters market are increasing efforts to adopt contingency plans and meet mission critical applications of clients.
Companies in the variable area flowmeters market are focusing on essential industries, such as F&B, power, and oil & gas industries to keep economies running during the COVID-19 era. In order to abide by social distancing norms, companies are remotely available to serve their clients via email and mobile devices. The potential COVID-19 vaccines are predicted to revive market growth and meet the demand for products.
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Electromagnetic Flowmeters Prove Game Changer for Measurement of Abrasive Liquids
The variable area flowmeters market is expected to surge at a CAGR of 5% during the forecast period. However, there is lack of products that comply with challenging applications of oxidizing and reducing agents. Thus, Titan Enterprises’ OG series flowmeters are gaining increased popularity for their reliable design and Hastelloy C choice of material to withstand corrosive fluid handling and other harsh environments.
Electromagnetic flowmeters are gaining popularity in pharmaceutical, mining, and water management industries, among others, in the variable area flowmeters market. ISOIL Industria— a provider of systems and instrumentation for the measurement, is expanding its business with electromagnetic flowmeters that are suitable for measurement of abrasive liquids, sand mixtures, suspended solids, and the likes.
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Low Cost of Operation Preferred by Users in Fluid Power Industry
Manufacturers in the variable area flowmeters market are increasing efforts to develop products that are high performance and deploy low cost of operation. For instance, Badger Meter— a manufacturer of metering products using flow measurement and control technologies, is increasing its marketing capabilities to acquire visibility for its variable area flowmeters that are designed for easy installation and require minimum maintenance.
The quick visual flow indication on an easy to read linear scale is being highly preferred by end users. Hence, manufacturers are developing systems with meters that are suitable to monitor a wide range of liquids, fluids, and emulsions. This indicates why the variable area flowmeters market is projected to surpass the valuation of US$ 430 Mn by the end of 2030.
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Different Installation Styles with Acrylic Flowmeters Create Business Opportunities
Different styles of flowmeters for inline, panel mount, and closed pipe installations are being incorporated in systems by manufacturers in the variable area flowmeters market. Blue-White Industries— a manufacturer of chemical metering pumps and flowmeters, is increasing its product portfolio in acrylic variable area flowmeters that are available for different installation styles and with a broad range of flow rates.
Companies in the variable area flowmeters market are boosting their output capacities in polysulfone flowmeters made with durable meter bodies that offer unmatched heat and chemical resistance. They are manufacturing products that are suitable for phosphate esters, compressed gases, and water-based liquids.
Digital Flowmeters Eliminate Need of Electric Connections
Manufacturers in the variable area flowmeters market are establishing stable revenue streams in power and chemical applications. They are increasing efforts to unlock revenue opportunities in petrochemical, aerospace, and military applications to broaden the income sources. High-quality and reliable flow instrumentation is being preferred by clients in the pulp & paper and water & wastewater treatment industries.
Suppliers are stocking products from different companies such as Dwyer, Kytola, and KROHNE in order to gain recognition as representatives of authorized distributors and manufacturers. As such, digital variable area flowmeters are being highly publicized for their advantageous high sensitive magnetic field detection sensor technology. Digital flowmeters are eliminating the need of electrical connections since they operate on battery.
Supply shortfalls are predicted during the ongoing COVID-19 outbreak, as production activities have been affected in different countries. The sensor technology is growing popular in variable area flowmeters in order to withstand high temperatures and pressures in hazardous areas. However, there is lack of R&D to develop products resistant to oxidizing and reducing agents. Thus, manufacturers in the variable area flowmeters market should offset these disadvantages by offering high quality flowmeters at low cost of operation and continue to gain strong research base in reliable designs for systems. They should manufacture electromagnetic flowmeters integrated with alkaline batteries to deploy flow measurement in steam, chemical, and mineral oil applications.
Variable Area Flowmeters Market: Overview
- According to Transparency Market Research’s latest research report on the global variable area flowmeters market for the historical period 2017–2018 and the forecast period 2020–2030, increase in the demand for variable area flowmeters and rise in applications of variable area flowmeters in various industries are key factors that are expected to boost the global variable area flowmeters market during the forecast period
- In terms of revenue, the global variable area flowmeters market is estimated to cross the value of US$ 430 Mn by 2030, expanding at a CAGR of 5% during the forecast period
Increase in Demand for Variable Area Flowmeters: A Key Driver
- Numerous benefits offered by variable area flowmeters are increasing their demand as compared to that for other similar devices. For instance, in order to monitor the rate at which gases or liquids flow, variable area flowmeters are used. These meters measure flow in a cross-sectional area and make changes in response to the flow.
- Variable area flowmeter is simple to operate, and preferred for its efficiency in measuring both liquid and gas applications. Additionally, no tubing run are required for variable area flowmeters. The end caps located on flowmeters can be removed easily and cleaned as needed.
- Thus, increase in the demand for variable area flowmeters is expected to drive the global variable area flowmeters market during the forecast period. This driver is expected to have a high impact on the global variable area flowmeters market during the forecast period.
Integration of Advanced Technologies: A Key Driver
- Manufacturers are supplying variable area flowmeters to various industries due to increasing applications of these flowmeters. Different industries in the market are choosing the most compatible materials for them.
- For instance, glass tube variable area flowmeters are cost-effective and maximize process uptime at wastewater treatment plants. These flowmeters are utilized in pollution monitoring and control equipment, including fume scrubbers, RO water systems, and filtration systems.
- Installation of the correct flowmeter is a vital part of chemical processing and choosing the wrong product could lead to losses
- In the oil & gas industry, measuring low volume under high pressure under all environmental conditions is important; for instance, on offshore platforms. Extensive applications of variable area flowmeters in diverse industries are expected to propel the global variable area flowmeters market.
Lack of Compatibility with Non-conductive Liquids Hampering Variable Area Flowmeters Market
- Vertical installation of the flowmeter requires that the tube be mounted vertically, which makes installation difficult at desired places. This is a common issue that is likely to hamper the global market.
- Readings are usually taken visually and the float tends to move around; hence, accuracy is only moderate. This is further hampered by parallax error at higher flowrates, as the float is some distance away from the scale.
- Another issue related to the variable area flowmeter is its reliability, owing to the transparent nature of taper tube operations. Moreover, these flowmeters also limit the pressure and temperature. Thus, these factors are projected to have a moderately negative impact on the global variable area flowmeters market during the forecast period.
Variable Area Flowmeters Market: Competition Landscape
- Detailed profiles of providers of variable area flowmeters have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
- Key players operating in the global variable area flowmeters market are
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- KROHNE Messtechnik GmbH
- Omega Engineering Inc.
- Omega Engineering Inc.
- Siemens AG
- Yokogawa Electric Corporation
- Brooks Instruments
- Elettrotec Srl
- Tecfluid S.A.
- Riels Instruments S.R.L.
Variable Area Flowmeters Market: Key Developments
- Key providers of variable area flowmeters, such as Siemens AG, Tecfluid S.A., and ABB Limited are focusing on the construction of cost-effective variable area flowmeters in order to attract more customers.
- Some other key developments in the global variable area flowmeters market have been highlighted below:
- In October 2019, Techfluid S.A. launched fully customized variable area flowmeters with special PVC reduction cones. The company aims to fulfill customer demand and also expand its product portfolio.
- In December 2017, Brooks Instrument introduced a new QuickShip fulfilment program for the company’s widely used variable area (VA) flow meter products such as including Sho-Rate 1250/1255 glass tube VA flowmeters, 2500 series acrylic tube, and 3000 series polycarbonate tube VA flowmeters
- In the global variable area flowmeters market report, we have discussed individual strategies, followed by company profiles of providers of variable area flowmeters systems. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global variable area flowmeters market.
Variable Area Flowmeters Market – Scope of the Report
A new study on the global variable area flowmeters market is published by Transparency Market Research (TMR). It presents detailed information of key market dynamics, including drivers, trends, and challenges for the global variable area flowmeters market as well as its structure. TMR’s study offers valuable information on the global variable area flowmeters market in order to illustrate how the market is expected to expand during the forecast period i.e. 2020–2030.
Key indicators of market growth, which include value chain analysis and compound annual growth rate (CAGR), have been elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret the quantitative growth aspects of the global variable area flowmeters market.
An extensive analysis of business strategies adopted by leading market players has also been featured in TMR’s study on the global variable area flowmeters market. This can help readers understand key factors responsible for growth of the global variable area flowmeters market. In this study, readers can also find specific data on avenues for qualitative and quantitative growth of the global variable area flowmeters market. This data would guide market players in making apt decisions in the near future.
Key Questions Answered in TMR’s Study on Variable Area Flowmeters Market
- What would be the Y-o-Y growth trend of the global variable area flowmeters market between 2020 and 2030?
- What is the influence of changing trends in technology on the global variable area flowmeters market?
- Would North America continue to be the most dominant regional market for providers of variable area flowmeters over the next few years?
- Which factors would hinder the global variable area flowmeters market during the forecast period?
- Which are the leading companies operating in the global variable area flowmeters market?
A unique research methodology has been utilized by TMR to conduct a comprehensive research on the global variable area flowmeters market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.
Secondary research sources referred to by analysts during production of the report on the global variable area flowmeters market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to the production of TMR’s study on the global variable area flowmeters market as a primary research source.
These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global variable area flowmeters market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global variable area flowmeters market with accuracy. The study also uses a top-down approach to assess the numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on future prospects for the global variable area flowmeters market more reliable and accurate.
Variable Area Flowmeters Market – Segmentation
TMR’s study on the global variable area flowmeters market divides the market based on material type, end-use industry, and region. Changing market trends and other crucial market dynamics associated with segments of the global variable area flowmeters market have been discussed in detail in TMR’s study.