Today: September 29, 2016, 5:23 am

Global flow sensors market: $5 billion industry by 2018
Flow Sensors: A Global Strategic Business Report - a new market research report on 2014-03-14 08:05:02
The global Flow Sensors market is projected to reach US$4.9 billion by 2018, primarily driven by the growing use of the technology in a wide range of industries.

A technology to measure the rate of fluid and/or air flow, flow sensors are vital elements in a wide range of equipment, and machines. Typical end-use application areas range from oil and gas, chemical and petrochemical, water and wastewater, process industries, pharmaceuticals, metals, mining to semiconductors. Growing emphasis on energy efficiency, reduced maintenance costs, enhanced asset utilization, and improved process monitoring in process industries is poised to benefit the flow sensors market. Technology innovations aimed at enhancing the accuracy and reliability of flow meters is also expected to benefit the market. The market is already witnessing a massive shift away from conventional technologies (i.e. positive flow and differential pressure flow) towards newer technologies like mass, ultrasonic, magnetic, and vortex. Developments in engineering know-how will help bring down production costs, and product prices and thereby spur market penetration.

In Europe, industrial flow sensors market is beginning to feel the heat of the regions festering debt crisis, given the fact that opportunities in this space are hugely dependent on the health of the industrial and manufacturing sector. The crisis induced volatility in the Index of Industrial Production (IIP) leaves the domestic market hurting. Indicating the deepening financial crisis in the region is the decline in industrial production, which for the full year 2012, declined by 2.4% approximately in the eurozone area. The decline indicates persistent sluggishness in the economy, poor performance of the manufacturing sector, and decline in production of capital goods. Indicating continuous contraction in growth, PMI index for the month of January 2013 also remained below 50 points at 48.6. The scenario offers very little reasons for optimism and hope for a turnaround thus creating an especially uncomfortable market scenario for flow sensor manufacturers.

Lucrative opportunities exist for flow sensors in the water and wastewater industry, where increased environmental regulations that tighten the screws on water conservation and pollution benefits the market. In addition, growing world population, expansion of water infrastructure in developing countries, will especially benefit magnetic flow sensors, which are widely used in the water distribution system. Europe is especially forecast to generate higher demand for flow sensors in this application area since the region has legislated some of the toughest norms for drinking water quality and waste-water treatment, thus providing regulatory driven impetus to demand. Against a backdrop of a creaking water infrastructure that calls for dire upgradation measures in developed countries, and establishment of new infrastructure in developing countries, flow sensors are poised to gain.

Europe continues to remain the largest regional market worldwide. Asia-Pacific represents the fastest growing regional market with sales poised to grow at a CAGR of about 5.8% over the analysis period.

Click for report details: ..

Browse all Information Technology Market Research Reports ..

Browse all Information Technology Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 668 Words
Related Articles
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.