Intelligent Flow Meter Market Size, Growth Opportunities, Industry PotentialPosted by Akshay Solanki on April 22nd, 2022 Global Intelligent Flow Meter Market is expected to reach .3bn by 2031 growing at a CAGR of 5.1% between 2021-2031. An intelligent flow meter, also known as a smart flow meter, is an electronic device that measures the volumetric flow of liquid in pipes. In addition to measuring the velocity of a fluid with ultrasound or other means, intelligent flow meters are used to compute liquid flow more accurately than ordinary flow meters. Intelligent flow meters are distinguished by the fact that they are unaffected by weather conditions or parameters like as density, viscosity, or temperature, resulting in reliable measurement readings. These meters emit an ultrasonic or laser beam into the flowing fluid, which is reflected back and causes the moving fluid to be displaced on the screen. The benefits of accuracy, stability, and dependability provided by intelligent flow meters, increasing demand for these flow meters in the chemicals and water & wastewater industries, and increased investments in industrial infrastructure activities are all driving the market forward. Covid-19 Impact Analysis: COVID-19 was declared a pandemic by the World Health Organization (WHO), affecting practically all industries, including the Intelligent Flow Meter Market Industry. In this situation, the flowmeter market has also come to a halt. As a result, the flow meter product’s shipments have decreased, as have the market revenues generated from them. The market expansion encountered challenges throughout the first half of this pandemic year, and there was a dramatic reduction in market size. However, as the demand for flowmeter market products has grown, the worldwide Intelligent Flow Meter Market demand has climbed in the second half. Key Trends and Drivers:
Restraints and Challenges:
Market Segmentation: By Type:
By End Use Industry:
By Communication Protocol:
Key Companies:
Read More Interesting fact about this Insights: https://www.globalinsightservices.com/reports/intelligent-flow-meter-market/ About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm
headquartered in Delaware, US. We are committed to providing our clients
with highest quality data, analysis, and tools to meet all their market research
needs. With GIS, you can be assured of the quality of the deliverables, robust
& transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Like it? Share it!More by this author |