Magnetic Flow Meters Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2013 - 2019
Magnetic flow meter is technically an electromagnetic flow meter or mag meter.
Flow meter is a device used to measure mass, volume, linear, nonlinear flow rate of
a liquid or a gas. A magnetic flow meter is an instrument which can measure a
water-based or conductive volumetric flow. Magnetic flow meters are ideal for
applications where low maintenance and low pressure drop are required. They are
perfect for wastewater applications or some dirty liquids which are conductive.
Magnetic flow meter is most commonly used flow meter after positive displacement
and differential pressure flow meters. Device intelligence has helped magnetic flow
meters to go forward beyond their basic function to be essential tools for process
and business improvement.
The demand for magnetic flow meters is expected to grow at moderate CAGR.
There are several industries that use flow meters such as discrete manufacturing,
automotive, medical and construction and aircraft. Magnetic flow meters are used in
almost every process industry vertical such as mining and minerals, utilities, food
and pharmaceuticals. Demand for mag meters has furthermore increased, partially
due to their application in non-intrusive measurement.
Although Europe remains the largest market for magnetic flow meters, Pacific Rim
have been showing comparatively faster growth and is expected to be dominant
market in terms of continuous expansion and price competitiveness. The increase in
capital projects and new process plants is expected to drive the market of
magmeters in foreseeable future. Desalination projects, traditional oil and gas
projects in the Middle East is also anticipated to boost demand for magnetic flow
meters in the near term.
Some of the key participants in magnetic flow meter market include ABB Ltd.,
Invensys plc, Krohne Group, Emerson Electric Co., Endress+Hauser AG, Siemens
AG, Honeywell International Inc., Yokogawa Electric Corp, and Hitachi Ltd. among
This research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this research
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter's five force model
analysis and detailed profiles of top industry players. The report also includes a
review of micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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