New ARC research on the flowmeters market reveals that owner-operators strive to achieve higher process efficiencies, and ARC sees a continuous push toward increased automation and advanced technologies in the plant floor. Wireless technology allows users to install field devices easily in remote locations of the plant. In the coming years, chemical, food & beverage, oil & gas, and environmental services are some of the industries likely to witness a higher adoption of Industrial IoT capabilities.
"Forward-looking suppliers are already investing to bring Industrial IoT-enabled technologies to the field device level. Industrial IoT capabilities, such as remote monitoring and remote services, can help establish a more collaborative relationship between end users and suppliers. While the interest in Industrial IoT can be seen across all the industries, suppliers anticipate a higher level of implementation in chemicals, food & beverage, oil & gas midstream sectors like terminals, and applications involving operating and maintaining assets in remote locations," according to Saket Kumar Mishra Analyst and key author of ARC's Flowmeters Market Research Report.
Flowmeter Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Batteries to Power Wireless Devices
- Devices with SIL-2 Certification
- Energy Saving Measures
- Improve Safety and Productivity
- Improving local presence
- Integrated Connected Field Devices
- Technological Advancements in Communication Protocols
- Technological Upgrades
- Water Treatment Plants
- Wireless Devices
Leading Suppliers to the Flowmeters Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Emerson Automation Solutions, Endress+Hauser, KROHNE, Siemens, Yokogawa.
About the Flowmeters Research
The Flowmeters report explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts and up to 4 years of historical analysis segmented by World Region, Transmission Method, Sales Channel, Measured Medium, Industry, Flowmeter Type, Customer Type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
- Market Intelligence Workbook (Excel Power Pivot): A standard Workbook includes the base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports. Available with up to 4 years of historical analysis.
- Concise Market Analysis Report (PDF): Provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.