ABB, Siemens, Emerson Electric Co. are Dominating the Global Flowmeters Market in 2019

Flowmeters Market is expected to grow at a healthy CAGR of 5.8% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.

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Flowmeters are the devices which are used to measure the flow rate of liquids, gases and steam, the flowmeter gives actual monitoring control of flows of liquids and gases.  The different types of flowmeters are thermal flow meters magnetic flow meters, ultrasonic flow meters, differential pressure flow meters, positive displacement flowmeters, vortex flowmeters, Coriolis mass flow meters, variable area flowmeters and turbine flowmeters. The flowmeters are having wide range of applications in different industries, which include building automation, pharmaceutical, marine, power & utilities, food & beverage, oil & gas, metals & mining, and water & wastewater, chemical and pulp & paper.

For instance,

  • In September 2019, Badger Meter, Inc. which is engaged in manufacturing flowmeters introduced the TFX-5000 ultrasonic clamp-on flow and energy meters for water applications. TFX-5000 ultrasonic clamp-on flow and energy meters are used to measure the volumetric flow in clean liquids. This product launch helps the company to increase its product portfolio in flow instruments business line.
  • In May, TSI which is engaged in providing measurement tools such as controllers and meters launched new 5000 series of mass gas flow meters. There are 14 new products in this series. These products have multiple integrated measurements, bi-directional flow sensors, flexible design which gives TSI an opportunity to generate higher revenues and profits.

The major players dealing in global flowmeters market are introducing strong range of product launches. This has also helped the company to maximize the sales with enhanced product portfolio. ABB is dominating the market with the largest market share and other players in the market are Baker Hughes Company, Schneider Electric, Yokogawa Electric Corporatio, Badger Meter, Inc, PARKER HANNIFIN CORP, Sensirion AG, Siemens, and SICK AG among others.

Flowmeters Market

 ABB

ABB headquartered in Zurich, Switzerland which was founded in 1988. The company is engaged in supporting digital transformation of industries, by offering different type of products in electrification, industrial automation, motion, robotics and discrete automation. The company business segments are electrification products, industrial automation, robotics and motion, and product categories are control room solutions, communication network, drives, high voltage products, low voltage products and systems, measurement & analytics, mechanical power transmission and medium voltage products.

  • For instance: In June 2015, ABB the measurement and Analytics group launched its ultrasonic flowmeters for Thames Water. This product will reduce the problems like pressure, leakage and water distribution network. This product launch will help the company to to expand its supply of instrumentation equipment.

The company has wide global presence across the globe such as North America, South America, Europe, Asia-Pacific, Middle East and Africa In addition to it, the company also generates its revenue from the various subsidiary companies such as ABB Australia (Australia), ABB Stotz-Kontakt (Germany), Power-One, Inc.( U.S.), ABB Enterprise Software Inc. (U.S.), Los Gatos research (U.S.) among others.

Siemens

Siemens headquartered in Munich, Germany which was founded in 1847. The company manufactures and engineers systems of power generation, transmission and medical diagnostics and also offers solutions for automation, electrification and digitalization. The company business segments are Smart Infrastructure, gas and power, digital industries, portfolio companies, other and product categories are building technologies, energy, drive technology, financing, healthiness, industrial automation and mobility.

For instance,

  • In September 2019, Siemens which is engaged in manufactures and engineers systems of power generation, medical diagnostics and transmission, and also offers solutions for automation, electrification launched its updated product named SITRANS F US clamp-on ultrasonic flowmeters. This SITRANS FS230 consists of digital transmitter and SITRANS FSS200 clamp-on ultrasonic sensors. This product will help the company to increase its product portfolio in industrial automation category.

The company has wide global presence across the globe such as North America, Latin America, Asia-Pacific, Europe, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Adwen Blades GmbH (Germany), Adwen GmbH (Germany), Airport Munich Logistics and Services GmbH (Germany), Alpha Verteilertechnik GmbH (Germany), SIEMENS MOBILITY LIMITED (U.S) and Siemens Gas and Power Limited (U.S.) among others.

Emerson Electric Co

Emerson Electric Co has headquartered in Missouri, U.S and it was founded in 1890. The company engaged in manufacturing and providing innovative solutions for customers in industrial, commercial, and residential markets.  The company business segments are automation solutions, commercial & residential solutions and product categories are measurement instrumentation, valves, actuators and regulators, fluid control & pneumatics, control & safety systems, assets management, operations and business managements, electrical components & lighting, welding assembly & cleaning and services & consulting & training.

For Instance,

  • In December 2019, Emerson Electric Co which is an innovative solutions provider launched transmitter and Magnetic Slurry Sensor. This product provides a flow measurement solution for customers with liquids containing solids, pulp, mining ore  and sand and it also help to cut down the noises which are created during operations. This product launch helps the company to increase its customer base in the mining industry.

The company has wide global presence across the globe such as North America, Asia-Pacific, Europe, Latin America, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Rosemount Inc (U.S), RIDGID (U.S.), InSink Erator (U.S.), Greenlee (U.S.), ClosetMaid Corp (U.S.) among others.