Global Flowmeters Market size is expected to be USD 14859.14 million rising at a market growth of 4.50% CAGR during the forecast period

 Flowmeter is a device which is used to measure the flow rates of the liquids and gases. The flowmeters having wide range of applications in industries, which include building automation, water and wastewater, marine, food and beverage, metals and mining, power and utilities, oil and gas, and pharmaceutical. There are different types of flowmeters available depending on the industry; some of the common types of flowmeters are differential pressure, electromagnetic, coriolis, and ultrasonic flowmeters.

Various types of flow meters are being utilized across numerous industries depending upon the accuracy required and their application. Different industry use different flow meter depending on their requirement, such as positive displacement, turbine, coriolis, differential pressure, ultrasonic, magnetic, and vortex, among others.

The overall accuracy of flow meter is also dependent on the circumstances of the application. Global Flowmeters Market was valued at USD 9114.39 million in 2021 and is expected to reach USD 14859.14 million by 2029, registering a CAGR of 4.50% during the forecast period of 2022-2029. “Oil and Gas” accounts for the largest distribution channel segment in the respective market owing to the rise in digging of oil in order to fulfil the demand. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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