IMARC Group, a leading market research company, has recently releases report titledElectromagnetic Flowmeter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including the global electromagnetic flowmeter market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the electromagnetic flowmeter market?
The global electromagnetic flowmeter market size reached US$ 2.12 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.77 Billion by 2028, exhibiting a growth rate (CAGR) of 4.42%during 2023-2028.
What are the growth prospects and trends in the electromagnetic flowmeter industry?
The market growth is primarily driven by the implementation of various government initiatives aimed at enhancing wastewater treatment infrastructure to ensure a clean water supply and prevent scarcity. Additionally, there is a rising demand for these meters in the chemical industry to monitor highly reactive and corrosive fluids such as acids, bases, and solvents, as well as to control the dosing of catalysts and additives. The integration of advanced data analytics and predictive maintenance to enable real-time performance monitoring, issue identification, and repair recommendations is also contributing to market growth. Furthermore, the development of smart electromagnetic flowmeters equipped with wireless connectivity like Wi-Fi and Bluetooth, allowing remote monitoring and control capabilities, is providing further momentum to the market. Moreover, the widespread adoption of these meters as a non-invasive flow measurement solution in industries such as food and beverage, pharmaceuticals, and others to mitigate contamination risks supports market expansion. Factors like rapid industrialization, increased investments in advanced product development, and growing automation adoption across industries are expected to drive market growth.
Request for a free sample copy of this report:https://www.imarcgroup.com/electromagnetic-flowmeter-market/requestsample
What is Electromagnetic Flowmeter?
An electromagnetic flowmeter is a device employed to measure liquid flow within a pipeline. It consists of various components, including a flow tube, electromagnetic coil, transmitters, grounding rings, electrodes, and signal cables. Utilizing high-quality, lightweight, and corrosion-resistant materials like stainless steel, aluminum, copper, plastic, ceramic, and glass, electromagnetic flowmeters are manufactured. These devices find wide-ranging applications in aircraft, rocket engines, water treatment, chemical production, food processing, drug manufacturing, power plants, irrigation systems, and heating, ventilation, and air conditioning (HVAC) equipment. With their user-friendly nature and easy installation process, electromagnetic flowmeters offer high accuracy in measurement while minimizing pressure loss. Consequently, they are extensively utilized across industries such as food and beverage (FB), oil and gas, pharmaceuticals, agriculture, and chemicals.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Product:
- In-line Magnetic Flowmeters
- Low Flow Magnetic Flowmeters
- Insertion Magnetic Flowmeters
Market Breakup by Application:
- Water and Wastewater
- Chemicals and Petrochemicals
- Power Generation
- Metals and Mining
- Oil and Gas
- Food and Beverages
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ABB Ltd.
- Azbil Corporation
- Badger Meter Inc.
- Danaher Corporation
- Emerson Electric Co.
- Endress+Hauser AG
- Honeywell International Inc.
- KROHNE Messtechnik GmbH
- OMEGA Engineering Inc.
- Siemens AG
- Toshiba Corporation
- Yokogawa Electric Corporation
Browse the full report with TOC List of Figures:https://www.imarcgroup.com/electromagnetic-flowmeter-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email:sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
