Flow Meters Market : New Product Launches, Expansions, Collaborations, Partnerships, Agreements, Joint Ventures, and Acquisitions

The flow meters market is projected to grow from USD 6.81 Billion in 2017 to USD 9.30 Billion by 2022, at a CAGR of 6.42% from 2017 to 2022. The growth of the market can be attributed to the increasing use of flow meters in various end-use industries such as oil & gas and water & wastewater. The flow meters market has been segmented on the basis of type, application, and region.

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Key players operating in the flow meters market include Honeywell (US), Siemens (Germany), Emerson Electric Co. (US), ABB Ltd. (Switzerland), Yokogawa Electric (Japan), Azbil (Japan), Badger Meter (US), Krohne Messtechnik (Germany), Schneider Electric (France), and Endress Hauser (Switzerland). These players have adopted various strategies to expand their global presence and increase their market shares. New product launches, expansions, collaborations, partnerships, agreements, joint ventures, and acquisitions are some of the major strategies adopted by these players to enhance their business prospects in the flow meters market.

Companies such as Honeywell (US), Siemens (Germany), Emerson Electric Co. (US), ABB Ltd. (Switzerland), and Yokogawa Electric (Japan) adopted expansions, agreements, and new product launches to expand their regional presence and enhance their product offerings.

In June 2017, Honeywell (US) launched Q sonic, an ultrasonic gas flow meter. This flow meter offers the highest level of accuracy in custody transfer process. In April 2017, the company expanded the manufacturing of oil and natural gas solutions at its Arzamas plant in Russia. This will enable the company to broaden its range of solutions and cater to the specific needs of its end customers. The company also launched a new ultrasonic flowmeter, USM GT400 ultrasonic flowmeter, in March 2014. The product is used to measure the volume of gas.

Siemens (Germany), which is a leading manufacturer of flow meters, adopted new product launches as their key growth strategy to expand its product portfolio and business globally. In March 2017, the company launched the next generation of digital clamp-on ultrasonic flow measurement technology. The flow measurement technology will comprise of new Sitrans FST030 transmitter with dependable Sitrans FSS220 clamp-on sensors. The new flow system will help attain high accuracy and noise immunity. It also launched a flowmeter of quality of SITRANS FC410 Corey and Olli, which is compact, light, and handy and can be used in apparatus that have limited space. In September 2013, the company’s industry automation division launched the Apple iOS application for SITRANS F US clamp-on ultrasonic flow meters. SITRANS connection enables direct communication between an Apple iOS device and any SITRANS F US clamp-on ultrasonic flow meter to boost all metering functionalities, together with programming, operational review, data logging, and download.

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