Follow on Google News News By Tag * Flow Sensors Report * Flow Sensors Analysis * Flow Sensors Market * Flow Sensors Trends * Flow Sensors Forecast * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Development of new technologies set to propel flow sensor market to $8.49 billion by 2020By: IndustryARC The growth in demand for flow sensors is primarily due to development of new technologies and applications.New flow sensor technologies are projected to slowly replace the older technologies in the next few years spurring the flow sensor market. Newer technologies such as:Mass Flow Sensors and Velocity Flow Sensors have resulted in increased adoption of flow sensors due to their high accuracy and reliability. New applications such as monitoring of pulp slurries and flow monitoring in partially filled pipes have been established for flow sensors in the paper and pulp industry. Such new applications have raised the potential market for flow sensors, thereby leading to increased revenue generation as penetration increases. The growth in related industries such as shale oil refining, paper and pulp as well as waste water management are set to propel the flow sensor growth, particularly in APAC region. The APAC region is forecast to exhibit high growth due to increase in number of installations and applications of flow sensors in this region. The growing governmental regulations are forecast to propel the flow sensor adoption ratewhich is driving demand. The high growth rate is accredited to the investments in various process industries such a soil and gas, chemical, pulp and paper and so on. The growing threat of global warming is fuelling the need for monitoring the effluents from industries, which is proving a huge impetus to the flow sensor market. The growth in shale oil refineries in China is also set to drive the market for flow sensors. To browse table of contents click below: http://industryarc.com/ The flow sensor market is dominated by few key players. The top five companies in this market include ABB AG (Switzerland) To get a free brochure click the below link: http://industryarc.com/ About Us: IndustryARC (http://industryarc.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|