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The global magnetic flowmeters market is projected to grow at a CAGR of over 5.5% in the forecast period of 2024-2032. The industry is being driven by the advancement in technology and the increased product demand from water and wastewaters end-use sectors.
There are several technological developments in the global magnetic flowmeters market, including the growth of smart magnetic flowmeter. Smart magnetic flowmeters use state-of-the-art computing technology with improved flow computer functionality, which can further form connectivity via Highway Addressable Remote Transducer (HART) communication protocols. This allows smart magnetic flowmeters to provide uninterrupted information flow even in distant regions, thus, aiding the industry growth.
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A magnetic flow meter is a type of flowmeter used to measure the quantification of bulk fluid movement. It has no moving parts and is suitable for wastewater applications or any conductive or water-based filthy liquid. The global magnetic flowmeters market can be divided based on segments like components, product, and application.
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The industry can be broadly categorised based on its components into:
The industry can be divided based on its product as:
The industry can be divided based on its application as:
The EMR report looks into the regional magnetic flowmeters markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Mechanical flow measuring equipment have high maintenance costs, low precision, and further requires frequent calibration for distinct kinds of liquids. Magnetic flowmeters assist mechanical measuring systems is overcoming these difficulties. The lack of moving components in magnetic flowmeters enables the measurement of thick sludge and fluid. Magnetic flowmeters are also fitted with abrasion-resistant and corrosion-resistant liners that make it extremely efficient in measuring erosive fluids, slurry, and most acid and base types. In addition, magnetic flowmeters require low calibration and can evaluate properties of liquid with high precision. The high precision of magnetic flowmeter is boosting its popularity in the process industry and leading to its increased adoption, which will aid the magnetic flowmeters industry over the forecast period.
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The report presents a detailed analysis of the following key players in the global magnetic flowmeters market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Components |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market of the global magnetic flowmeters is projected to grow at a CAGR of 5.5% between 2024 and 2032.
The industry is majorly being driven by factors like advancements in technology, population growth, economic development, rapid urbanisation, growing adoption for mining and mineral processing applications, and growing adoption in irrigational applications.
Growing prevalence of smart magnetic flowmeters that employ cutting-edge computing technology, flow computer performance and communication protocols such as Highway Addressable Remote Transducer (HART), and increased product demand from the water and wastewater end-use sectors are the key industry trends propelling the market growth.
The major regions in the industry are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Magnetic coils, transmitters, sensing electrodes, and non-magnetic flow tubes are the main components in the market.
The industry can be divided based on its product as in-line magnetic flowmeters, low flow magnetic flowmeters, and insertion magnetic flowmeters.
The industry can be divided based on its application as water and wastewater, chemicals and petrochemicals, power generation, metals and mining, oil and gas, food and beverages, pulp and paper, and pharmaceuticals.
The major players in the industry are ABB Ltd., Azbil Corporation, Endress+Hauser Group Services AG , Emerson Electric Co., Honeywell International Inc., KROHNE Messtechnik GmbH, OMEGA Engineering inc., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
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+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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