Reportstack Announces the Publication of its Research Report - Global Flowmeter Market 2014-2018
Reportstack recognizes the following companies as the key players in the Global Flowmeter Market: ABB Ltd., Emerson Electric Co., GE Co., and Siemens AG.
“The development of smart ultrasonic flowmeters is one of the emerging trends in the Global Ultrasonic Flowmeter market. Smart ultrasonic flowmeters are fieldbus-enabled flowmeters and are installed as part of a control system. The fieldbus-enabled ultrasonic flowmeters communicate through a fieldbus network and allow end-users to analyze information related to the functioning of the meter and even about the functioning of the overall process. These ultrasonic flowmeters involve several technically-advanced electronic devices and installed visualization software that help end-users monitor flow profiles, outcomes of flow conditioning, and blockage information.”
According to the report, one of the major drivers is the increasing demand for the coriolis flowmeter across process industries. Coriolis flowmeters are being widely preferred across the process industries over turbine meters and multivariable differential pressure transmitters for mass flow measurement.
Further, the report states that a major challenge in the market is the lack of effective product differentiation. The market has the presence of several local and international vendors; however, they are offering almost identical kinds of products to end-users.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/149098/global-flowmeter-market-2014-2018.html