Transparency Market Research delivers key insights on the global variable area flowmeters market. In terms of revenue, the global variable area flowmeters market is estimated to expand at a CAGR of 5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global variable area flowmeters market.
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The global variable area flowmeters market is broadly affected by several factors, including increasing demand for variable area flowmeters in different industries and rising applications of variable area flowmeters in various industries.
Variable Area Flowmeters Market: Dynamics
Several benefits offered by variable area flowmeters are increasing their demand as compared to that witnessed by other similar devices. For instance, variable area flowmeters effectively measure the rate at which gases or liquids flow. These meters measure flow in a cross-sectional area and make changes in response to the flow. The variable area flowmeter is simple to operate and preferred for its efficiency in measuring both liquid and gas applications.
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Additionally, tubing run is not required for variable area flowmeters. The end caps located on the flowmeters can be removed easily and cleaned as needed. Thus, an increase in the demand for variable area flowmeters is expected to drive the global variable area flowmeters market during the forecast period. Manufacturers are supplying these meters to numerous industries due to rise in the number of applications of flowmeters.
Variable Area Flowmeters Market: Prominent Regions
The U.S. holds a leading share of the variable area flowmeters market in North America. The market in the country is expected to expand at a moderate rate during the forecast period. The U.S. has extensive availability of technologically advanced products. The requirement of variable area flowmeters systems in the U.S. market is increasing rapidly due to various requirements in different industries. India is expected to be a moderately growing economy in Asia Pacific over the next few years. India is focusing considerably on water & wastewater treatment throughout the country, wherein variable area flowmeters are used. EU5, which comprises the U.K., Germany, France, Italy, and Spain, holds a prominent share of the variable area flowmeters market in Europe, owing to usage of variable area flowmeters systems for chemical, food & beverage, pharmaceutical, and oil & gas industries in these countries.
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Variable Area Flowmeters Market: Key Players
Key players operating in the global variable area flowmeters market are ABB Ltd, Emerson Electric Co., Honeywell International Inc., KROHNE Messtechnik GmbH, Omega Engineering Inc., Omega Engineering Inc., Siemens AG, Yokogawa Electric Corporation, Brooks Instruments, AW-Lake, Elettrotec Srl, Tecfluid S.A., and Riels Instruments S.R.L.
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