Global Flowmeters Market Size is projected to reach USD 14859.14 million by 2029, growing at a CAGR of 4.50%
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 flowmeters market is segmented on the basis of type, product type, transmission method, measured medium, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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