Selbyville, Delaware,, July 04, 2024 (GLOBE NEWSWIRE) --
The magnetic flowmeter market revenue to cross USD 2 billion by 2032, as reported in a research study by Global Market Insights Inc.
The rising utilization of magnetic flowmeters for offering high accuracy and reliability in measuring flow rates will play a crucial role for the industry growth. These devices continuously monitor fluid flow by utilizing electromagnetic principles for ensuring precise measurements. With their accuracy and reliability, these flowmeters have turned indispensable for industries requiring precise flow data, such as water treatment, chemical processing, and food production.
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Based on type, the insertion magnetic flowmeter market is projected to expand at a significant growth rate between 2024 and 2032. This is due to the surging use of insertion magnetic flowmeters in providing reliable flow rate measurements by inserting into existing pipelines. They help in continuously measuring fluid flow using magnetic principles for ensuring accuracy and efficiency. With the capability to adapt to various pipe sizes and materials, these flowmeters witness enhanced utility, further emerging as a preferred choice for applications in water management, industrial processes, and environmental monitoring.
Magnetic flowmeter market from the high-capacity segment is expected to experience significant growth at a substantial CAGR through 2032 due to its excellence in accurately measuring large flow rates in industrial applications. These flowmeters employ robust electromagnetic technologies to maintain precision and reliability under high-volume conditions. Subsequently, they are integrated with advanced features to enhance performance and accommodate even greater flow capacities. The growing demand for efficient flow measurement solutions in sectors, such as mining, oil & gas, and wastewater treatment for ensuring continuous operational excellence will add to the segment expansion.
Asia Pacific magnetic flowmeter market is expected to witness robust growth between 2024 and 2032 due to the increasing number of product launches across the region. Several companies are essaying product developments and forming partnerships to enhance their market presence. Moreover, the continued innovations and collaborations along with technological advancements are driving the regional industry growth.
Some of the top firms engaged in the magnetic flowmeter market include ABB Ltd., Azbil Corporation, Badger Meter, Inc., Brooks Instrument LLC, Emerson Electric Co., Endress+Hauser AG, Fuji Electric Co., Ltd., and Honeywell International Inc., among others. These market players are working on product launches, capacity expansions and partnership strategies to widen their global presence.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis, 2021-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Technological overview
3.3 Regulatory landscape
3.4 Impact forces
3.4.1 Growth drivers
3.4.1.1 Preference for technological advancement solutions
3.4.1.2 Stringent environmental laws and regulations
3.4.1.3 Growing use of magnetic flowmeter in diverse range of industries
3.4.2 Industry pitfalls & challenges
3.4.2.1 Higher initial costs as compared to other flowmeters
3.4.2.2 Presence of wide range of alternatives
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
