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Flow Meters Market is Segmented by product type such as magnetic, coriolis, positive displacement, turbine, vortex having application such as petrochemical and refining, chemicals, oil and gas
The flow meter is a device used to measure the volume of fluid that is passing through a point on a given period of time. A flow meter consist various components such as tube, scale, stop, and indicator. Its performance depends on parameters that include pressure, viscosity, density and temperature of the fluid. Flow meter is measured by repeatability, accuracy, range ability of instrument and linearity.
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This market is expected to show the single digit growth in CARG by 2019. Rapid industrialization and growing population in Asia Pacific act as drivers for this market. Growing population requires wastewater and water infrastructure in that region. Africa and Middle East also have huge potential for flow meters market.
Asia pacific continues to remain the largest market for flow meters, followed by North America and Europe. Asia Pacific market is expected to grow owing to huge investment by increasing demand for flow meters from different types of industries.
The main key players for this industry include ABB Ltd., Yokogawa Electric Co., Hitachi ltd., Honeywell International ltd., Emerson Electric Co., Endress+Hauser AG and Siemens AG among others.
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