Flow Meters Market Report

Bharatbook.com announces a report on “Flow Meters Market by Type, Application - Global Forecast to 2021”. The rising demand for flow meters in Middle East & Africa and Asia-Pacific are expected to boost the growth of the flow meters market in the oil & gas industry. https://www.bharatbook.com/industrial-goods-machinery-market-research-reports-488009/flow-meters-type-application-global-forecast.html

Increasing demand for ultrasonic flow meters to drive the flow meters market

The market size of flow meters is estimated to reach USD 6.00 billion in 2015 and is projected to reach USD 8.72 billion by 2021, registering a CAGR of 6.4% between 2016 and 2021. The market for flow meters is largely driven by the rising demand for accurate measuring instruments from water & waste water and oil & gas industries. There is an increased demand for reliable flow meters which is driving the market of ultrasonic and coriolis flow meters.

Oil & gas is the fastest-growing market of flow meters

Owing to its properties such as safety, accuracy reliability, availability and efficiency, flow meters are used in various applications of oil & gas. This includes its use in custody transfer measurement, mass flow measurement of crude oil, fluid loss & leak detection, process gas flow, hydraulic fluid flow sensing, among others. The rising demand for flow meters in Middle East & Africa and Asia-Pacific are expected to boost the growth of the flow meters market in the oil & gas industry.

Asia-Pacific to dominate the market during the forecast period

The rising demand for smart flow meters is driving the growth of the Flow Meters Market in Asia-Pacific. The market in the region is driven by the increased demand from China and India. China is the largest market in the region. Oil & gas, pharmaceutical and food & beverage industries are gaining momentum in the region which is estimated to drive the market for flow meters. These are the major end-use industries of flow meters in...