SAN FRANCISCO, Sept. 28, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Flow Meters – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 15; Released: April 2021
Executive Pool: 20444
Companies: 256 – Players covered include ABB Ltd.; Emerson Electric Company; General Electric Company; Hitachi High-Tech Science Corporation; Yokogawa Electric Corporation and Others.
Coverage: All major geographies and key segments
Segments: Product (Differential Pressure (DP), Positive Displacement (PD), Magnetic, Ultrasonic, and Other Products); Application (Water & Wastewater, Oil & Gas, Power Generation, Pulp & Paper, and Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Flow Meters Market to Reach $10.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Flow Meters estimated at US$7.6 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2026, growing at a CAGR of 4.9% over the analysis period. Differential Pressure (DP), one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$1.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Positive Displacement (PD) segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.2 Billion in 2021, While China is Forecast to Reach $2 Billion by 2026
The Flow Meters market in the U.S. is estimated at US$2.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2026 trailing a CAGR of 7.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Magnetic Segment to Reach US$2.7 Billion by the year 2026
In the global Magnetic segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.